MA's are nearing convergence and the has already done so. has begun its downward trend as well and looks to be heading lower.
This week the USDA released another one of those great reports that they put together, and it was hardly .
Record production and yield numbers (which was pegged at at 175.3!) were published and now the country could be looking at an ending stocks number to the tune of 2.4 billion or more, which is burdensome to say the least.
Until demand comes into play with any real significance, I am going to say this is a short for at least the nearby.
Looking to test the 3.22 support