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SEON | This is just me but I wouldn't be buying corn now. As I mentioned in another post, I see potential upside to $5.40 and down side to $4.80. Price is now $5.12 so if you believe my worthless opinion, that leaves us with $.28 profit potential against $.32 risk. I don't like that ratio. What's worse, is when it falls it will fall off a cliff and you won't be able to get out. I might be a buyer on this imminent sell off tho.
Disclosure statement: I have no corn. I am long July 11 wheat patiently waiting for a break up through $7.50. | |
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Anyone longing (buying) the market?
