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let go of some more of my long corn futures position
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fatan sassy
Posted 1/18/2025 22:20 (#11061981 - in reply to #11060735)
Subject: RE: let go of some more of my long corn futures position


northern edge of north central Missouri
Deere6 - 1/18/2025 07:23

fatan sassy - 1/17/2025 17:03

IN555 - 1/17/2025 16:53

I read Nat for months and it said corn to 3.20-3.50. Only an idiot would factor in inflation. I love seeing sub $9 soybean predictions, maybe true but they don’t understand how bullish that is.


Only a few touting 3.20-3.50 but they were confident and loud. And certainly wouldn’t admit it now!


I think futures bottomed around 3.65, so I would call that very close to 3.50. Also by the amount of farmers that had USDA selling grain for them must have been plenty of sales below $4.


There were a couple quite vocal who were certain corn futures going to 3.30 area when corn was living that 3.80 range. It has never threatened 3.30-3.50 since. It’s called being wrong. A lot of condescending comments aimed at those who thought 3.80 area would hold. So many on here think they know but don’t.


Add: What are you talking about “”by the amount of farmers that had USDA selling grain for them”?

Obviously there has been a lot of corn sold below $4 but what’s that got to do with whether or not corn futures dropped to 3.30-3.50?

Edited by fatan sassy 1/18/2025 22:25
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