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Are the Grains a Buying Opportunity?
Remember the saying, Beans in the Teens? Well it wasn't all that terribly long ago that they actually were, and we're close to prices yet again. While the Ag's did not have a good day tomorrow, remember that they are also possibly just one snap back rally from being right back where they came from. Look at the recent volatility in Wheat and you can easily see where it could be back at 480 or higher tomorrow. Gold also looks like its about ready to see higher prices as it made lows today on buying and finished near its session highs. I am also looking for sideways to higher in the major stock index futures tomorrow as Mutual Fund managers mark up the good stuff by starting to put the new month's investment monies to work.