- Monday dawned with markets showing marginal declines in what can only be described as lacklustre trade. As the day has worn on some short covering has allowed levels to rise, but marginally. CBOT corn (Dec ’13 contract) has had a bash at testing its recent lows set in the middle of August but has not quite pulled it off (yet).
- The next “trigger” which may move prices could be next Monday’s September stock report and the following USDA October crop report on 11 October. In the absence of any new news, it will be actual yield data which will drive price direction in coming days.
- We make little apology for our brevity, which is driven by lack of real news.