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07-17-2013 04:27 PM
This one is ugly folks. Check it out yourselves on weather.unisys.com. There it is. IF this happens, and at this point I would give this thing a pretty good chance of happening, it could be check mate. 12bbl would be off the books. I'm not making this up. This is as real as it gets. European model agrees, but even somewhat drier. Show me the rain. Show me I'm wrong someone. Because if I'm not, this market, like I have said for a long time, is wrong in its thinking. And it could harm our markets for a while. End users, get covered now. Make sure that you have physical, you can't feed paper.
07-17-2013 04:44 PM
I think somewhere on the NOAA they had all
So why don't the Chicago people look at
And today announce a bumper crop ?
07-17-2013 05:28 PM - edited 07-17-2013 05:31 PM
Saw these two things today:
This new bin to help hold this bumper crop is just south of Ft Dodge, Iowa just off of 169
Notice the PP field in the foreground.
The next two towns south had these kind of #'s on the bank marquee's (next one was 102)
Notice the color of the yards.
07-17-2013 06:26 PM
07-17-2013 07:32 PM
I'm not so foolish as to bet the farm. I'm wagering a $20000.00 loss against what could be a $150000.00 gain right now. I am long everything. I have my money bet against what I've been saying. I'm not a meteorologist, told you from the start my credentials. I've told you why I'm on here posting. Tell you what, if IA gets their 2" of general rain this week like the talking heads on Saturday said, I'll quit giving updates. Fair Enough?
07-17-2013 08:42 PM - edited 07-17-2013 09:08 PM
if you pay $6.00 in commissions--the tens are going for $6.00 = $12.00
you buy $20k worth = 1666 Dec 1000calls... and if it trades to $15.00 by Thanksgiving, you'll bank about $41.65 Million....good trade!