OLD CROP & NEW CROP

We like getting caught up in corn here. Whether it’s an incremental sale or adding some downside protection. Our preference is to use puts as it allows you to keep your upside open. Given we’re in an unpredictable weather market.

We especially want to be doing something here if you are someone who is behind in your marketing or has to move stuff off the combine. Those in that situation need to be more aggressive than those who are not.

If you are someone who has plenty of storage and doesn’t need to move anything, we do not mind being more patient in new crop at all.

If you have questions or want to talk about some strategies and your specific operation feel free to give us a call or text

Office: (806)484-1214

Charts & reason for the signal:

Dec Corn 🌽

We gapped open higher. Which means we now have an open gap to the downside which adds further caution.

Dec corn hit some key levels.

$4.66 claws back 50% of the entire sell off.

$4.70 is where this market failed at several times back in the fall, it’s also right where this market bounced at back in April. So it’s been a key level multiple times.

Sep Corn 🌽

Sep corn has lagged in comparison to Dec, but we also nearly hit the 50% retracement at $4.49.

We are right up aginst that big key support level from the fall. As this is right where the market bounced at several times which could offer resistance.