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!!
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.