1. In Mondays (Mar. 30) Williams edge live meeting it was noted that while not intended to be traded, May corn (then trading at approximately $3.93/$94 should trade at $3.83 (or lower) by Tues., Mar. 31. If corn completed $3.83, this would show normal behavior and indicate corn could be added to our group of tradable’s.
2. Today’s (Tues., Mar. 31) may corn session declined sharply and completed the $3.83 downside target, making a session low, $3.75. This is an important development. Will message any further entry or tradable indication in May corn.