08-12-2013 09:53 AM
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.
08-12-2013 10:16 AM
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.
08-12-2013 10:28 AM - edited 08-12-2013 10:30 AM
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?