Midday Report 10/24
Crop traders may be taking profits before the weekend. The grain and soy markets have performed well this week despite generally bearish fundamentals. That latter fact is probably the underlying reason for today’s CBOT slippage, with bullish corn traders taking profits on long positions ahead of the weekend. December corn futures dipped 4.5 cents to $3.5525/bushel late Friday morning, while May lost 4.5 to $3.775.