Corn Futures
July 20, 2012
Spreads on the corn futures acted oddly yesterday afternoon, and the Teucrium corn fund (CORN) fell sharply, so I increased my position by 50% @ 48.73. Are the large moves done? I have no idea. Weather continues to be the chief factor affecting price, and if the weather doesn’t improve soon, prices might move up some more. I’m letting the position ride and may increase it again if profit-taking offers opportunities while the full extent of the crop damage remains uncertain.
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