$$USDA Monthly S&D and Crop Report – Neutral after Bullish Expectations

Posted by J-MAS Market Masters on March 9, 2012
Posted in: Market Watches. Leave a comment

Market anticipated some stronger cuts to S.American production in Corn and Beans and never got them.  Beans were way up in overnight trade, making new highs ahead of the report so a close below yesterday’s low, would be a Key Reversal.  Therefore, the “close” is more important than the “open” as per usual. We’re due for a 3-5% correction and pause anyhow.

Leave a Reply