Greener Acres Husk Corn
Corn, wheat and soybeans are all sharply lower following a
bearish report by the United States Agricultural Department. The report showed
that there were more than 1.5 million acres than previously thought of corn
plantings. Corn gapped sharply lower but has moved steadily up in the session
after hitting new contract lows. Corn is on the
Implosion-5 List.Â
Also from the Implosion-5 List,
cotton is trading is down over 1% and is trading near its lowest level since the
beginning of the year.Â
After hitting a 20-day low Thursday, S&P futures are
reversing and making good on their
Turtle Soup Plus One Buy
setup above the previous 20-day low of 1457.50.Â
Trading is otherwise quiet in pre-holiday trade.Â