Nice I've been thinking about Ag futures the last few weeks -- It's been a while since I looked at them. I'll check em out again next week.
I really think those futures are wrong. Here are the main headlines on yahoo.com As of 6:52 p.m. EDT ⢠At least 44 Iraqis killed across country ⢠Majority of Iraqi youth wants U.S. out ⢠GOP losses could spark partisan warfare ⢠Early results: Panama OKs canal project ⢠Tropical storm strengthens off Mexico ⢠Ohio River cruise illness may be common virus ⢠Baseball players, owners said to reach labor deal ⢠World Series · NFL · NCAAF · NASCAR · Soccer nothing there seems it could move the futures up 15 points.
I hope Barrons is wrong, they write the article like they are 101% positive that the republicans will hold on and win.
I'd cover right here (7850) -- I'm sure a lot of other peeps shorted as well. There might be a cover pop.
there are a few sizeable trades goin' trough @ around .80 [first thick up bar]...several 100lots and a few 300 and a couple of 450+.
Did you guys know a 1 cent move in soybeans is equivalent to a one point move in the SP Mini. Margins are a third of what the mini is. I think the move in the US futures is over, its just to risky right now.