Grain Review in The Last Week of August 2010

Our expert – PitGuru Matthew Pierce – has many things to tell traders and investors in grain market this week. I will not take much of your time. I’ll let you be with the notes by PitGuru Matthew Pierce right away.
The Grains Pit Review
For the week of August 30th, 2010

On Friday the market saw a solid rally with wheat leading the way with talk of reductions in the German crop as late rains damage the already stressed crop. Corn eclipsed the fabled $4.39 level only to find a lack of excitement above, allowing for the trade to be pressured by profit-taking. It was pulled below this level to leave the week with September options pegging the $4.20 strike. Beans rallied and closed above the 20-day MA adding technical momentum to the trade. Meal rallied but was outgained by bean oil following a test of the 200-day MA which brought in […]

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