10-30-2011 08:32 PM
Rumor has it that MF Global is preparing a bankruptcy filing tonight.
Won't affect seggregated funds in hedge accounts but probably won't make the risk trade in general real spunky.
10-31-2011 05:27 AM
Wheat might be lost...but to suggest that a corn bid of 6.60 at harvest is grasping at straws could be a big error.
Regardless of opinion, a plan that is implemented is critical in this environment.
Short crops normally top close to or shortly after harvest. Why does anyone think this time is different? Clearly a lot of end-user panic and producer holding going on right now in corn.
Just saying a plan is a good idea. Unpriced and holding is not a plan.
10-31-2011 05:42 AM
Why is unpriced and holding not a plan...........while every year is different.........8 and 14 seemed to work out ok for 2010.........if you want protection you should be looking to take it on 2012 crop........
10-31-2011 07:13 AM
I have no idea what the grain prices are going to do but it is hard for me to call this a short crop. It may not be what everyone expected but it is still the 3rd or 4th largest crop ever. So I just don't know if the markets will react like it was a short crop.
10-31-2011 07:43 AM
A lot of advisors will have you buy expensive puts in this senario to cover yourself and them or sell out of the money calls and puts or some other strategies. Haven't found options of much use except after parabolic moves .