Corn shorts were covered. The last short position was covered, I then was fortunate enough to have a sell order at 99.98. That was a good scalp opportunity today.
Grains had their usual 24 hour correction followed by a demand driven rally. Corn and beans look strong. To bounce back from a limit down day, move sharply lower and then settle 35 cents off the low in corn and 55 cents off the low in beans.
The 1400 level in gold, could possibly become a support level.
Today was a very long day and I was very busy. I will write some more tomorrow, but in general, the grains look healthy, after a 1.70 break in beans and 85 cents in corn to squeeze out the weak longs.
CER
