SOYBEAN SELL SIGNAL & HEDGE ALERT
Why the alert?
Soybeans have hit our first target of $11.55
(Scroll for the chart)
Who is this for?
If you did not do anything on our alert on Thursday, we like taking some risk off the table here.
Especially if you have DP, basis contracts, or have to move soybeans by the end of the year.
If you do not, then you have the ability to be more flexible and should be taking less risk off the table than someone who is in one of those situations.
Personally, I think soybeans have a good chance at further upside. So I still like keeping ammo in case this rally continues.
There are 3 different routes you can take:
Buy a put to establish a floor. If we go lower, you lock in a floor. If we go higher, you only lose the cost of your put while having the ability to sell your grain higher.
Sell your grain and then re-own with a call. This gives you a worst case scenario. Which would be the price you sold your grain for minus the cost of the call. If we go lower, you only lose the cost of the call. If we go higher, your call makes money.
If you do not have a hedge account, you can make an incremental sale.
Since I believe this market has more potential, we like using options and prefer one of those strategies. As both of these strategies keep our upside open in the case that the rally continues.
Regardless, it makes sense to reward this rally in some fashion. Again.. we do not want to get carried away and sell all of our soybeans. We do not want to be oversold if beans go to $12 or higher.
Call us if you want to talk specifics, have any questions at all, or would like to work with us one on one.
Jeremey: (605)250-3863
Reason for the signal:
This is our first sell signal since we tapped those yearly highs. Which was +80 cents ago.
We have now hit our first target of $11.55
This clawed back 61.8% of the contract highs.
Our next target is going to be right around $12.00 for a variety of reasons.
One being that $12.05 is the next fib level up to contract highs.
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Past Sell or Protection Signals
Nov 13th: 🌽 🌱
Managing risk in corn & beans ahead of USDA report.
Oct 28th: 🌽
Corn sell signal & hedge alert.
Oct 27th: 🌱
Soybean sell signal & hedge alert.
Oct 13th: 🐮
Cattle sell signal & hedge alert.
Aug 22nd: 🌱
Soybean sell signal & hedge alert.
July 31st: 🐮
Cattle sell signal & hedge alert.
July 10th: 🐮
Cattle sell signal & hedge alert.
CLICK HERE TO VIEW
June 5th: 🐮
Cattle sell signal & hedge alert.
June 2nd: 🌾
MPLS wheat sell signal.
April 10th: 🌽
Old crop corn sell signal.
March 19th: 🐮
Cattle hedge & sell signal.
Feb 18th: 🌽 🌾
Old crop KC wheat & old crop corn signal.
Jan 23rd: 🌽 🌱
Corn & beans old crop sell signal.
CLICK HERE TO VIEW
Jan 15th: 🌽 🌱
Corn & beans hedge alert/sell signal.
Jan 2nd: 🐮
Cattle hedge alert at new all-time highs & target.
Dec 11th: 🌽
Corn sell signal at $4.51 200-day MA
CLICK HERE TO VIEW
Oct 2nd: 🌾
Wheat sell signal at $6.12 target
Sep 30th: 🌽
Corn protection signal at $4.23-26
Sep 27th: 🌱
Soybean sell & protection signal at $10.65
Sep 13th: 🌾
Wheat sell signal at $5.98
May 22nd: 🌾
Wheat sell signal when wheat traded +$7.00
Want to Talk?
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Hedge Account
Interested in a hedge account? Use the link below to set up an account or shoot Jeremey a call at (605)295-3100.