swkscornfarmer - 5/5/2015 08:15 What would be your thoughts on the Dec 15 contract be as far as price objectives to the up side and down side just trying to think through all the possibilities and if I should put some more coverage on? Hi swkscornfarmer, I am guessing you are asking about corn.... Best case - retest this years highs at some point so 4.20 or so front month - restoring energy levels so we can go lower. To do this, we obviously need to stick in a HL someplace and current price action is very supportive of this. Worst case - energy levels if confirmed put corn sub 2.60 by years end. A move below 2.80 will be supportive, and open the door to a larger corrective move higher. IMHO, We are going there (sub 2.80) anyway just a matter or how/when, so do want want your hand hit with a sledge hammer or squeezed in a vice .....either way it's gonna hurt. Take Care.
Edited by jpartner 5/5/2015 10:31
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j partner and others?
