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Keep 2024 corn hedges or not?
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Spikes
Posted 1/23/2024 08:25 (#10589077 - in reply to #10588929)
Subject: RE: Keep 2024 corn hedges or not?


The nice thing about lifting trades with a profit is you can always put the trade back on...

I still think there is a chance for the low to be tested here...the number to watch for today would be 4.5375, a close above that would signal another up day.

Risk on the daily level for a hedge starts at 475

Risk on the weekly level for a hedge starts at 499

Risk on the monthly level for a hedge currently is located at 699, but since we made a new low this month...and as long as we don't make another low next month there is a tentative reversal that will be located at 523 where the risk will lay for any hedge.

As long as price doesn't close above these numbers the the short play is still in play. 




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