Quote:
Originally Posted by Buehler445
Yeah, yesterday was something in the grains huh?
Unfortunately I'm sold out of 2020 production, and have some hedges on for 21, so all I get is on call 
I can't grow beans, which is driving the boat, but in the corn, I was really thinking the move was over. It rallied hard, then stopped and had a couple lower lows, and I chickened out. Plus it had closed some of the negative carry. I don't have any on farm storage, and at $.045/bu/month, it doesn't take long to eat a rally up. So I suck.
I guess the good and bad (good for my hedge account, bad for my production) is that the Dec is lagging pretty hard. I mean it's rallying, but nothing like the front months have done. There is now a $.73 negative carry. That is just damned insane.
Oh wow, I just looked at the negative carry on beans. I'll shut up now....  |
I've sold storage down to about as tight as I can. Thinking about selling more now and trying to buy back as needed later in order to get to new crop. It wouldn't be a huge amount, but a dollar is a dollar if it works. Dad says I'm playing with experienced hookers and they'll just leave me a hotel bill and herpes.
He didn't buy tesla in march when I told him to either, so...
