We are now into the holiday week. Normally, it is reduced volume and many traders elect to move to the sidelines. However, it appears the market wants to move higher under pressure from the bulls. The expectation is growing that supply problems will persist into the New Year, along with strong demand. The market is now 18 days up in the current rally without a correction. I believe the odds are increasing significantly that a lot of the bullish expectation will be factored into the market before the January report.
EHedger Closing Grain Commentary 12/20/10
Do We Have to Issue a 1099 for the Purchase of Feed?