Tight Ranges rule the day
Both the S&P and Dow had relatively quiet sessions on Monday. We saw consolidated trading through out most of the day. The Dow closed -25 at 20956, with only an eighty-six point range in the futures.
The S&P 500 was fairly quiet as well, closing -5.75 on the day 2375.50, towards the middle of its less than fourteen point range.
With the employment situation numbers coming out on Friday, I would not be surprised if we saw some tight trading though out the week.
Be sure and join us for our weekly grain webinar this Thursday at 3:00 PM Central time. If you are unable to attend, a recording will be emailed to you following the session.
John Weyer
Director Commercial Hedging
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