The grain complex looks to be on the verge of a collapse, especially the soybeans.
Corn, may hold up a bit better than the beans but corn will get hit hard also.
The Oats remain a scalper trade as I look to hit them up for 20-25% and then I am out.
If the grains do begin to crumble I could stay in the oats longer, but it was set up as a scalp
trade and that is how I am going to trade it. I don't really like having three separate positions in the same complex anyway.
Thursday, November 1, 2007
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