Posted 11/11/2012 14:35 (#2691004) Subject: You have 3 options
Option 1. Buy a one way ticket to Jerusalem and get ready for world war 3
Option 2. Sell everything. Buy gold coins sit on a 5 gallon bucket and wait
Option 3. Go long corn
I choose option 3.
Corn has been in a dead dog market since harvest with export rationing prices, but not high enough to ration domestic use to the extent needed. Several price breaks down as low as $7.05 Dec.Which gave endusers a reasonable point to get coverage. We had 2 bullish reports on september stocks report and oct monthly usda that saw prices surge then fail. November report was as expected with bearish beans unable to pull corn lower. Enough time has now gone by since harvest rush to give endusers reason to start coming to the plate soon,but with heavy selling at harvest this could stay flat another week but I dought it . Corn is heading higher into Jan report