Grains Update: Continuing to Look for Opportunities in a Down Trending Market

Chris Robinson talks about the USDA Report. It is a small grains report, but there may be a trade-able move.
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In today’s Traders Exclusive Update, Chris Robinson reviews the action in commodity grain markets heading into the USDA Report in the afternoon. Soybeans, corn, and wheat, are all at multi-year lows as the downtrend persists. Key support levels are approaching quickly, with the 320 level being key for corn and 9.05 for soybeans. With these low grain prices, cattle has been very strong and rallied of late. In a note on equities, Robinson suggests keeping a cool head and placing the recent volatility in context, because a true correction has yet to ensure in those markets.