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Senior Contributor

Re: Time to get bullish?

what I think is strange that all the ethanol plants came back on line, I know there was money to be made with ethanol price, but then we had a bearish USDA report that dropped corn over a $1,   I would think the ethanol plants would be locking up corn price on the board if nothing else wouldn't they?     This latest report was a price control report.  It wasn't the first one, probably not the last.   

 

I think it might be getting time to place calls on at or around $6 on nearby corn.  THAT has to be cheap

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Advisor

Re: Time to get bullish?

Not sure about turning bullish just yet but I would stop being a bear. Wait for beans to make their typical spring V bottom and then turn bullish. May beans should bottom about 13.50. We are close.

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