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3.32 Sept corn
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farmpro11
Posted 7/22/2014 12:05 (#3980378 - in reply to #3980320)
Subject: LOL Sat



They all want to shoot me from May and early June when I thought corn would go test the highs once more but instead fell to 440.

Got bearish late, but at least ended up getting short and bearish around 450 CZ. Better late than never!!!!, and I see more downside to go.

Noon maps are out and see nothing bearish there---maybe a tad to dry in the WCB---but east is perfect.

At least I got the old beans sold above 15 this spring and wheat above 725. The old corn with the basis I dumped for 4.70---still not bad from where we are now.
Have all my new crop soy sold at 1250 and have been double short there with puts below 12.

All new wheat sold at 730, and 80% of new corn sold at 455 , and the rest protected on double short(bushels) Sept 400 puts that I bought for---get this--3.5 cents back in late June!!

Not any 15 sold, but I will take my chances--I'll have two years to market that--
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