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NORMALLY: $800 A YEAR

DON’T MISS FUTURE ONES

YEARLY: $399

MONTHLY: $39

YEARLY

MONTHLY

If you have corn you have to move off the combine in the next 30 days, we advise considering buying $4.20 Nov puts.

Why did we alert this?

Looking at the chart, it looks great. We took out those July highs. This has been a target area of mine for a while to take risk off the table. This area could provide some strong resistance.

We also got the target implied move from that bull flag I mentioned a few weeks ago.

I do think we will be going higher, but as a producer your risk is lower. You’d be kicking yourself if we gave back this entire rally and you did nothing.

Worst case with puts is that you lose your money you spent on then. When you buy puts, you hope they become worthless so you can make a better sale that more than makes up for the put cost.

If we break past $4.26 (green box) the next big point of interest is going to be that $4.46 range.

After that, $4.60 is my next target for various reasons I mentioned in Friday’s update.

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MONDAYS CORN PROTECTION SIGNAL

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.

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