Over the weekend issues over seas had the world on edge; this lead to crude up over 7.00 a barrel; but that same political unrest lead to taking risk off of the table which ended up leaving most grains near limit down. Add to that a bill
that could block ethanol subsidies also lead to corn's pressure.
With these hugh move neutral nick went from short 100,000 bushels to even or long bushels (based on delta position) in just 1 day. He like many others was sick after seeing today's price action. But Nick stuck with his plan.
See below for information on his plan as well as some charts showing todays price action and how the pictures look; so to speak!
that could block ethanol subsidies also lead to corn's pressure.
With these hugh move neutral nick went from short 100,000 bushels to even or long bushels (based on delta position) in just 1 day. He like many others was sick after seeing today's price action. But Nick stuck with his plan.
See below for information on his plan as well as some charts showing todays price action and how the pictures look; so to speak!
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