at the moment. I was forced out of my long Feb yesterday @ 56.00 and reversed with a pair of shorts at the same time but didn't feel like holding on to them any longer than my 55.00 target. I have conflicting indicators, so I don't have a bias but I do have a pair of fishing lines sitting @ 55.60 that I don't feel very confident about them being nothing but suckers. A knee jerk bounce back to 55.80-56.00 may be all they have to give me. So deposit orders are waiting in advance of the possible catch I may or may not get.

The ticket lines for a northbound are starting to gain popularity but my bull/bear party gauge still seems to be a 50/50 deal, which usually means a 3-5 dollar sideways trade of confusion. The current patterns make me believe Feb's break below 55.40 has marked a retest of 54.00 that could easily turn into a retest of main support @ 52.50-53.00. Dec is history for me, so it I really don't care what it does but it wouldn't surprise me to see it get stuck in a $2 non event between 49.00-51.00. I can see it grabbing 52.00 just because its headed that direction.

I would think 54.00 is kind of a long shot this late in the ball game for Dec but that would help fill the northbound party train for the back months. I don't really think they will need any help, a new year always tends to bring the BULLS out of the wood work. That doesn't always turn out to be the correct thing to do. With cheap corn, these record production numbers may not drop off that much or that quickly. Either very strong demand will need to show up from somewhere or the Disease Bug will need to show up to cut production. The Disease Bug probably has a better chance of showing up as a Driver than demand.