02-07-2013 06:23 PM
I had a post a few weeks ago about all you guy's thoughts about lifting my puts on wheat and corn. I was almost laughed at and was told to lift them and take the money and run. I haven't taken the time to page back and see who all advised me, but it's a good thing we are all friends. Any additional marketing advice?
02-07-2013 07:07 PM - edited 02-08-2013 10:39 AM
....Time to buy calls, right? -------10:40 am - Hope you got some good prices!!!
Jerrrod Kitt from Linn was talking (CME pre-report briefing) risk (bullish surprise) to upside in wheat b/c US is lowest priced in world, shortage in FSU. He even implied he thought price was "low."
Corn: from yest.
The Dec chart has not broken any up-trendlines yet...560-555 is a wkly support area. any that use options for hedging...this is a time to be thinking calls either for protection if one needs to lock in physical, or just a play. i'm betting support holds now ---it's only Feb 7.
02-08-2013 07:06 AM
Actualy if I remember right if you would have bailed when we suggested you could have then bought em again on this latest rally and been a little further ahead . Oh well, its only money