DEC CORN: Stops at 553 3/4 were reached yesterday. It has continued to sell off and is now working into the gap. Today's low 542 3/4. The gap would be filled at 528 1/4. Just watching for now. Closed 546, down 11 1/4.
Position: Long 584 1/2 (10.11). Exit 553 3/4 (10.19). Loss $1592.50 (+comm./fees).
Projection: 650.
DEC MINI WHEAT: It triggered a short yesterday and sold off to 668 1/4 today. Keep stops at 714 1/4 for now. Closed 671 1/2, down 18 1/2.
Position: Short 691 3/4.
Projection 625.
JAN BEANS: Stops were reached this morning. They sold off to 1176 1/2. Unlike corn, they are not even near their gap. Its gap starts to be filled at 1160 3/4. Closed 1191 1/2. down 3 1/2.
Position: Long 1203 1/2 (10.11). Exit 1179 (10.19). Loss $300 (+comm./fees).
Projection: 1400.
DEC MEAL: It sold off today to 323.00. Its gap starts to be filled at 322.70. Just watching. Closed 328.20, down .10.
DEC BEAN OIL: I raised the stop this morning to below yesterday's low at 47.15. I was filled on the 9:30 opening at 46.97. It attempted to rally but it appears that 48.00 is resistance that it has not been able to get over since last week. It may be backing off to try from a lower number. Closed 47.10, down .56.
Position: Long 47.38 (10.11). Exit 46.97 (10.19). Loss $301 (+comm/fees).
Projection: 55.00.
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