For most it might make sense to make small sales or add puts for protection between $10.65 to $10.80

Will be making another round of small sales or protection if we crawl to $10.97

Take advantage of the carry.

So $10.65-$10.80 Nov basis or $11.15-$11.30 basis July futures.

We prefer buying puts to establish a floor, while selling an above the market call

Example: Sell $13 May call while buying the $10.60 Nov put

Call us to talk 1 on 1 (605)295-3100. Every operation is different.

I think we can go higher, but a lot of unknowns. We are approaching resistance on the charts. Brazil may or may not rain. We have a report Monday that is often a big one that has been negative for beans the past 3/5 years. Makes sense to take a little risk off here.

FRIDAYS BEAN SELL SIGNAL

OUR PAST WHEAT SELL SIGNALS

May 22nd:

When wheat was +$7.00