Formerly NE North Dakota, now NW MN | I'm talking nov 14, futures. I sold a few last week, maybe 15% or so?, managed 11.60, this morning you could get 11.70. The back of my envelope says 11.71ish is resistance.
You can all send me hate mail later when beans go to 14. Not saying I'd sell the whole farm here, but for guys looking for a place to just get something started, this morning, before the report might be a nice opportunity.
The sophisticated guy can look at selling into earlier months and playing the spread game. I looked at that too, but, I guess, for me, that's too many moving parts for my simple brain to keep in orbit at once, so I just took the "bird in hand" and signed an HTA for Nov.
Something to think about. |
This is a nice place to get started on 2014 Soys, mho
