Are you free next Tuesday?

[AlKluis]

Hey Guys,

Next Tuesday evening at 8:00pm I will be hosting one of my monthly webinars. It's a bit earlier in the month because of the Holidays (it is usually the "Second Tuesday"), but I hope many of you will still be able to join us. My Tuesday webinars are free and open to anyone who is interested. During this particular webinar we'll discuss the weather and have some updates on South America.

Webinars are a simple process which allow you to log in from your home computer----you can see my screen as I share a powerpoint presentation and discuss the markets. There is also a box which allows you to type questions which will be answered by myself or my affiliates. You don't need a microphone or web cam----just a computer with speakers or headphones.

You can register simply by clicking the link below, after filling out the short form you'll receive an email that will walk you through the process. We usually have about 100 people in attendance and the webinars are a very valuable experience. Hope you can join us!

If you have any questions please post them and I'll respond as soon as I can!

Al 

Click here to get signed up!

https://www2.gotomeeting.com/register/755674730

[marketeye]

Al,

During your webinar, will you tell us exactly what price the Dec. corn contract will be, at expiration? 🙂   If anyone cares, I've sat in on one of these webinars and it is interesting to hear and see market thoughts and possible price trends.

On a separate thought, Al, what is your perspective on this sideways trading corn and soybean price action. It's clear wheat has weather support. But, what say you about the corn and soybean targets. I'm told fund liquidation is seen as pushing Dec corn to $4.88, Jan soybeans to $11.40-50. or, is this correction over?

Thanks,

Mike

[Artifice]

Thanks will listen in.

[Mizzou_Tiger]

Do the short months really matter at this point??  A $1 pull back in Mar corn or soya would be a huge gift worth buying in BOAT loads.  This grain market will come the realization that demand is cleaning the cellars as we speak, then what does the market look like when physical short covering takes place....

[marketeye]

Mizzou_Tiger,

You're right, the nearby month probably is not as watched as March and beyond. So, ask Al to price-point the March expiration price.

[AlKluis]

Hello Again,

I do not worry or try to figure out how “the funds” are going to trade, the funds buy then they sell – create more volatility and they can impact spreads – but because the do not export it, process it or mill it they have zero long term impact.

I study the market, look at trends, cycles, and patterns- - I have for 36 years – the trend for corn, soybeans, and wheat is up – likely to get a high by the middle of next week. Do not micro analyze with a 2% trading range each day, it is 11 cents on corn and 26 on soybeans. You get that most nights– get used to it this is not going to change.

Bottom line: until rain hits in the dry areas of South America prices will move higher, and it is going to stay volatile. One word of caution - if the lame duck congress does not extend the ethanol blenders credit you could take 30 to 50 cents off corn in a fast price correction.

Keep your seat belt on and try to attend the webinar if you can! Thanks for the comments and feedback!

Al