GRAINS CONTINUE TO GET HAMMERED

AUDIO COMMENTARY

  • Finally sold new crop beans to China

  • Funds continue to drive us lower

  • Mother Nature is ideal for many

  • Market sees a +180 yield

  • Path of least resistance is to downside

  • Dec corn will likely take out $4.00

  • Low prices cure low prices

  • USDA & Gov doesn’t want to write a lot of big insurance checks

  • If you can’t be very patient (several months)

  • If you can’t store then get some puts on

  • Still tremendous amount of downside risk

  • What to do to get comfortable

  • Ways to spread out your risk

  • Cheap calls to lock in insurance payments

  • Wouldn’t surprise me if corn loses another -50 cents & beans lose -$1.00 but that creates more demand

Listen to today’s audio below


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USDA TOMORROW

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RAINS, RECORD FUND SELLING & 2014 COMPS