Monday, October 11, 2010
Phil Flynn: Be Careful Of What You Wish For
Corn shot up to the daily price limit sending shockwaves across the grain complex and the stock market as well. The Wall street Journal reported that, “A steep cut to U.S. corn harvest estimates triggered a rash of trades by investors who bet that tighter corn supplies could keep rippling through the stock market.“ “Analysts called the U.S. Department of Agriculture report a shocker. It shaved a record 6.7 bushels per acre from last month's corn yield estimate, pushing the figures well below.......Read the entire article.
How to Spot Winning Trades in Corn