Keep getting cheaper! 🙂
Pretty good case could be made that much like hogs being way under-valued in Jan/Feb, corn is now.
For us idiots with hogs left, selling $1 pork and buying 3.50 corn is a pretty good deal for a change 🙂
As everyone knows, our big position is in Sept 360 and 370 calls, and I am quite comfortable
holding on to those. Like I said, let's wait and see how they worked come late August. Most I can
loose is 35 cents or so.
To be fair, might remember that we have no old beans, and 25% of the new beans sold. Sold, in general,
our farm's risk is still in growing the crop. Nothing planted on 4/23, very cold and wet, it will be fun
to see what happens. We have planted corn in April every year except one since 1980, not looking
good right now, but maybe, that is the beauty of it, no one knows the outcome.
I think I might go buy some futures tonight since you brought it up 🙂
