Grains: Mar. Corn is currently 1’2 higher at 372’4, Mar. Beans 3’2 lower at 904’6 and Mar. Wheat 1’0 lower at 518’2. Corn has fallen into my recommended Buy range of 365’0-375”0, preferably near the lower side of the range. If you go long use a 10-15 cent protective sell stop. I do not exp a major rally, but what’s wrong with a 10-15 cent profit?
Cattle: Live and Feeder Cattle once again were highly volatile trading both higher and lower for the week, currently high. Some cash trades’ noted at 120.00. I remain short and will look to sell Apr. LC above 128.65.
Silver: Mar. Silver is 20 cents higher at 17.05 and 13 higher for the week. I remain long.
S&P’s: Dec. S&P’s are currently 3.00 lower at 3140.00. The market did not complete a key reversal, however a close below 3116.00 will give us a reason to sell. I’m still a seller on sharp rallies for trading purposes.
Currencies: As of this writing the Euro is 4 higher at 1.1146, the yen 9.5 lower at 0.92100, the Pound 71 lower at 1.3138 and the Dollar Index up .064 at 97.110. The euro and Pound are slightly higher for the week and the Dollar slightly lower. I still am a buyer of the pound on breaks and a seller of the Dollar on rallies.
Regards,
Marc