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Senior Advisor
sw363535
Posts: 4,019
Registered: ‎07-18-2011
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Best bets

Best bets are laid and the "trade" is saying beans are the favorite to see positive news in the report.

 

A few brave souls purchased positions in beans.  

sw
Senior Contributor
bkadds
Posts: 205
Registered: ‎04-29-2011
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Re: Best bets

What are the bets on corn?  I am hoping for a neutral report with some wild swings during trading till the data is sifted through.

Senior Advisor
sw363535
Posts: 4,019
Registered: ‎07-18-2011
0

Re: Best bets

even without much activity on overnites.  I saw one report saying overnites touched three year record lows this morning, but that could be said most mornings.

We are for sure searching for support.  

I talked to the ethanol guy this morning they are buying a little but nothing to write home about.

We had a more lengthy discussion about a cool fall, the lack of drying capacity area wide, and extended-slow harvest.  The problems that come with a cool wet fall.

sw
Senior Contributor
giolucas
Posts: 1,057
Registered: ‎06-25-2010
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Re: Best bets

Sw,

 

I have risked many times before, sometimes I got smacked and sometimes I got lucky.  Since I have had a good year, I do not want to risk any.  I will just wait.  

Senior Advisor
sw363535
Posts: 4,019
Registered: ‎07-18-2011
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Re: Best bets

gio ---- ,morning 

 

We shorted beans a little just because we were looking for a hedge position and beans are still at a historically good(and profitable) price.

Small amount but mostly I am out with the personal account.  Trying to be patient as well.

sw
Senior Advisor
sw363535
Posts: 4,019
Registered: ‎07-18-2011
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Re: Best bets

gio ------

did beans get the report early? or is there another issue, like a little export business on the front side of the report??

sw
Senior Contributor
giolucas
Posts: 1,057
Registered: ‎06-25-2010
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Re: Best bets

[ Edited ]

Sw, 

 

Many, many moons ago, I worked as a traders assistance in the corn pit and I learned that you needed to have ammunition (money) to stay in the this business long term.  If you lose your ammo you have to get a job.

 

Someone got a copy of the report.  Beans are acting too confident.  How come we did not get the memo?

Senior Advisor
sw363535
Posts: 4,019
Registered: ‎07-18-2011
0

Re: Best bets

appears that way --------- overnite was up 8-9 but the good action has been after the open, someone has some confidence for some reason.

sw