|
Mascoutah, Illinois | My opinion is we still see $3.15-$3.20 which was the floor put in after the June 30 USDA Report last summer. Two items to always rememer this time of the year. The first is the dollar is historically the strongest from December through February. Second, the grain rally usually doesn't start until the March 4-6 timeframe.
I have bigger concerns with Washington and future policies which may affect markets. Way too many leaders wanting to be the savior and we haven't seen a plan most folks are willing to accept. Clouds over the markets and clouds here everyday. The weather seems to be in sync with everything going on politically. However, this could be a huge net positive. We need collective pessimism from everyone to get the "big rally" farmers are looking for to make sales. I haven't seen the "world is going to end" posts yet, so we still have room to the downside.
BTW: IF ANYONE SEES THE SUN, COULD YOU TAKE A PICTURE AND SEND IT TO MY EMAIL ADDRESS? I FORGOT WHAT IT LOOKED LIKE. | |
|
|
Advisors say sell, sell, sell. So HOLD?
