Commodity Update For Wednesday, August 29, 2007-Corn Still Trending Down

Prices for December Corn continued to move down today, down 4.4 cents to close at 340.2. My December 320 put today settled at 9.5 cents or a value of $475.00 So, now I have a profit on this trade of exactly $100.00 before commission. Now that prices have moved lower, I'm still have a mental stop to exit this trade at 356, if the market turns and moves against me.

For a look at all of my trades, please go to www.mylearn2trade.com.