MARKETS NEWS
Jerry Gulke DTN Columnist
Mon Jan 28, 2013 07:01 AM CST

The expiration of the February options (priced off March futures) last Friday relieves some concern the market has for traders offsetting their positions in futures with options (puts and calls). Markets often resume the basic trend following such expiration. If so, that would spell a resumption of the uptrend that began with the Jan. 11 stocks report.

Markets often extend a trend for five to six weeks after a major significant event. While Brazil's weather seems to be increasing the odds of an above-average yield, Argentina's crops are at a critical juncture where deterioration is a distinct possibility, meaning we ...

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