|
SW MN and Gold Canyon AZ | I believe if we punch news highs today another round of spec buying will occur. Will there be enough selling pressure @ the old highs to keep that from occuring??
I think katy bar the door once the buy orders above the market start clicking.
Will be an interesting day. I will be buying calls above the old highs if I can get in. I still am selling A few old crop cash bu today on minimum price contract ($5.04 minus .23 to be long the DEC contract @ $5.30). Basis is .07 on corn!! Not bad. No carry whatsoever in the corn market.Might as well be sold on basis and be long paper.I am letting my long minumum price contract ride from last fall @ 3.70. I need to get out before FEB 22nd | |
|
Morning.
