09-12-2013 12:28 PM
The time approaches when the markets are going to stop listening to these reposts. Harvest should do it. But if it doesn't we are setting ourselves up for another "great grain giveaway" ---------- and that will do it.
09-12-2013 01:32 PM
09-12-2013 01:55 PM
09-12-2013 03:33 PM
I hate that "Reward the Market" phrase. How many traders got slammed by todays market action, when we sarted 15 up, went 15 lower, then at 11:45 finally decided that the beans were bullish enough to take off. I bought 1 additional contract of beans 30 minutes before the open, but took my profit figuring that maybe the market wasn't going to do much more, and was hoping to get back in a a lower price. That was at 11:44. Wrong move. I left a lot of money on the table today. Had it pegged right - just got impatient.
09-13-2013 04:42 AM
Mike, I will have to admit that I believe my earlier statement more and more. Everyone is scatching their heads over the corn numbers, however the bean numbers are just as questionable if not more so. How can the ending stocks on soybeans be the exact same number on the last several reports? The numbers on how they get to that 125 million bushel number are fabricated. There is no doubt in my mind. I would like to here some of the trader's thoughts on that one.