Isn't demand destruction an issue with corn? I mean, ADM doesn't even want to mill the shit if they have to buy it on the open market now, because they'll lose their ass. Ethanol plants want larger subsidies now, and are ramping down utilization. Cattle producers are selling off cattle because they can't afford to feed their whole herd. What's up with corn, all you cornholios?
I have a very small account at OptionsXress, which I should probably close. But it has enough margin for mini-contracts so I decided to give it a try. Of course the big contracts are the better choice.
These factors are probably affecting the market in the medium term. I trade for short term profits so I stick to technical analysis. The market could be up three days from now and down a month from now.