Post by jeremeyfrost on May 12, 2012 20:10:40 GMT -5
any thoughts on when on should pull the trigger on the balance of unsold old crop corn?
The inverse between July Corn Futures and Sept corn Futures is more then scary
I do know that ethanol plants don't have much coverage nor do the export guys for Aug-Sept....but that means they don't have commitments..........but also means they have too much buying left to do....might be a scary game of poker..........see who can hold off the longest..........the producers or the end users
also if we are going to run out of corn this summer............how high could corn possibly get and will it be from the futures or a basis move? i would think that it doesn't make sense to hold corn threw the inverese into the summer............but maybe not
any one with some thoughts?
for those sold out; with the recent price drop re-ownership is cheaper then cheap
June calls that where in the money just a few days ago only cost pennies and July calls are rather cheap also especially considering what the cash markets are saying!
The inverse between July Corn Futures and Sept corn Futures is more then scary
I do know that ethanol plants don't have much coverage nor do the export guys for Aug-Sept....but that means they don't have commitments..........but also means they have too much buying left to do....might be a scary game of poker..........see who can hold off the longest..........the producers or the end users
also if we are going to run out of corn this summer............how high could corn possibly get and will it be from the futures or a basis move? i would think that it doesn't make sense to hold corn threw the inverese into the summer............but maybe not
any one with some thoughts?
for those sold out; with the recent price drop re-ownership is cheaper then cheap
June calls that where in the money just a few days ago only cost pennies and July calls are rather cheap also especially considering what the cash markets are saying!