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rsbs
Veteran Advisor

The Trend is your friend

Corn overnight up .06, Soybeans up .12

My target of $6.25 is hit at the ethanol plants....now how much higher can I wait for (I am greedy!)?

Soybeans have a ways to go yet....not yet $14....but closing in. As a good friend said a long time ago, if they will pay $10, they will pay $12. That was good advice back then, and with the inflation, if they will pay $13, they will pay $17 or $20, right?

Let it roll!!

2 Replies
erikjohnson61y
Veteran Advisor

Re: The Trend is your friend

Markets seem to be able to drop a lot faster than they climb, so I try to reward rallies with small sales. The trick IMO is to not run out of loads to sell before the rally peters out. 

0 Kudos
roarintiger1
Honored Advisor

Re: The Trend is your friend

It’s always good to increase your average, one way or another. 😉