Thursday Morning's Markets and Things That Start with "T"

Corn: The corn market was quietly higher early Thursday morning, and when I say “quietly”, the March issue (ZCH26) is showing trade volume of fewer than 10,000 contracts as of this writing. March posted a 1.0 cent trading range overnight and was sitting 1.25 cents lower. Those who tend to lean to the bearish side will point out the contract was on its session low to start the day, while die-hard bulls will counter with, “Yeah, but the contract is only 1.0 cent off its session high!” Fundamentally, there isn ...