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cropsey, il 61731 | I sold the last dab I had yesterday on the small bounce up. All but guarantees a run up for no reason. Looks like technicals win this time - fundamentals all say great planting weather (I'm starting tomorrow), plenty of supply and demand is not so much. Sounds like the makings of a rally to me.
Marketing 101 - don't sell when you need the cash or are tired of waiting on a market that looks like it's tanking long term.
On a good note, hopefully we run up new crop to my breakeven (very conservative/high) price and allow me to get all my insured bushels sold.
Thanks and enjoy the rally,
Pat | |
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Now corn is finally set to go up
