Thursday may have been the last day this week that traders could expect anything like "normal" intraday volatility levels. USDA will weigh in with new crop supply and demand estimates Friday morning, and the December corn contract surged through the last known potential resistance level at $6.50 during the electronic overnight session. Therefore, cash bidders were as reluctant as they could be leading into the final, and likely the most volatile, trading day this week. [Read and Comment on Full Blog] |