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Todays action
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Conan the Farmer
Posted 1/5/2017 13:00 (#5746266 - in reply to #5746122)
Subject: RE: Todays action



South Central Iowa
Thanks Blu,

I agree that volume was lacking for a major reversal, we were slightly higher than Tuesday, but nothing compared to the first day after Christmas; and today is even lighter.

What are your thoughts on corn? Is this the time we break out higher or just another failure in the 3.60's? I have a long position in July corn and I have moved my stop to $3.78 which would correspond to $3.65. I see that $3.64'6 is the top of your range and has been for a couple of weeks; in your opinion is that a sell target? We did get through $3.62, but traded back under, then over, then on. Is breaking $3.62 solidly more important to you?
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