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New York Community Bancorp Inc. Message Board

yokodonnell 1 post  |  Last Activity: Jan 13, 2015 2:37 PM Member since: Apr 29, 2003
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    new drop in Corn price

    by sonya2091112 Jan 13, 2015 1:57 PM
    yokodonnell yokodonnell Jan 13, 2015 2:37 PM Flag

    A 4% drop on slightly above average volume. No news that's worthy of a 4% move. During the past few days, option spreads have substantially expanded, then contracted, and now expanded again with low, low volume.

    My conclusion: MMs are placing action bets on corn since football is over.

    I'm a bit long since a couple of farming friends are rotating to beans this year. Also, fertilizer producer shipments are indicating reduced acreage across the board. Also, I've got the Packers to win the Super Bowl at +580.

    Sentiment: Buy

16.73-0.18(-1.06%)Mar 31 4:03 PMEDT