Formerly NE North Dakota, now NW MN | Yeah, I mean, I don't think the rally's over, but we need to breathe a little bit here, find a little support and the re-start our annual winter bean rally.
There seems to be some dissonance with the story-lines right now. We hear news that the futures are rallying for logistical reasons.... yet COT prices are weak. I don't totally understand it, but I'm starting to wonder if the switch from corn to beans has solved quite a few of our logistical problems.
I sold my calls tonight. It's been a fun, albeit short ride, but too violent for me. |