After just getting knocked out of Dec Corn and Soybeans on the long side, the markets went limit up on the USDA Grain Production and Planting Intentions Report. This also knocked me out of my Soybeans short position.
I will probably go long when corn opens up at 8PM tonight. I will wait for a pullback to the 385 level for Soybean meal. If it comes, I will go long.
These markets might never look back.
The grain market has handed me a beat down this year so far.