BEAN SELL 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.


Want to Talk?

Our phones are open 24/7 for you guys if you ever need anything or want to discuss your operation.

(605) 295-3100

sfrost@dailymarketminute.com


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Check Out Past Updates 

9/26/24

NEW HIGHS BUT CONCERNING CLOSE

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9/23/24

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9/22/24

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9/19/24

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9/18/24

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9/17/24

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9/16/24

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9/13/24

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9/12/24

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9/11/24

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9/10/24

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9/9/24

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9/6/24

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9/5/24

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9/4/24

GRAINS CONTINUE RUN. WAYS TO PLAY THE MARKET. WHAT’S YOUR SITUATION?

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9/3/24

GRAINS CONTINUE BREAK OUT FROM LOWS

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8/30/24

ANOTHER STRONG DAY. GETTING MORE CONFIDENT BUT NO CONFIRMATION

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8/29/24

CHANCE FOR A BOTTOM, BUT STILL CAUTIOUS. DIFFERENT MARKETING APPROACHES

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8/28/24

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8/27/24

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8/26/24

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8/23/24

CROP TOUR SHOWS MASSIVE BEAN YIELD

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UP-TOBER? SELL SIGNAL, TARGETS, & FACTORS

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NEW HIGHS BUT CONCERNING CLOSE