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NE IOWA | So what was in that post that sent it to the grave yard. Got 5 or 6 reply's before POOF! |
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Eastern ND | I think it was the intentionally misspelled swearwords, along with the gangster-speak that not many on here are familiar with. |
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Buxton ND | THANKS Moderators !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! |
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Midwest | Don't be too hard on them, they are right 50% of the time. |
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Buxton ND | I would guess the guy that started that thread bashing Gulkie sold corn the last 2 days on fear and he's a UN-happy camper because now some spec trader is making money on HIM selling corn...
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SW Michigan | So, for the unknowing public (me), what was Gulke's advice going into the report? |
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| Gulke has actually been pretty right on in 2013. He also had no sold shorts on the table in the month on jan. Took their short money and ran back in dec.
Hopefully this can be the start of a little bull market picked up through summer by a little weather scare or a big one. 5-550 dec? |
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Rockford, IL | We were hedged significantly in 2014 corn futures the latter part of 2013 and got out of those hedges back in December. Chose to take those profits and not deal with the holiday range trading. Yes we left a some of the down move on the table by doing so but did it anyway. We did put back on some hedges by selling some futures on a much smaller amount of our 2014 corn at $4.50. Going into the report we sold some calls and also had some ATM Feb puts on. We elected to take small profits on the calls yesterday instead of holding them through the report. The markets went against our puts that we had on today and we got out of them for a small loss today before he markets closed. Some clients may have broke even to a small loss for others on our "Report Hedge" strategy depending on the price they got from their brokers. |
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NEMO | How many corn/bean crops did you all raise for '13? How many times did you sell them? |
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Rockford, IL | Same as you. |
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| I am curious why you continued to come on NAT and be a big bear when you apparently had lifted your bear positions. You seemed to have had ammo to shoot down any bullish sentiment. Just trying to get a feel for your opinions. |
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Rockford, IL | Long term still bearish but as we all know markets move up and markets move down. When we made the determination to get out of our hedges it did not mean that we had turned bullish. It simply meant that we felt that we were coming to a range bound time frame where the markets were looking to buy time until it knew more and gave a more distinctive direction. We told people that we felt it was not necessary to fight the volatility and uncertainty of the channel and we may sit aside for awhile to determine when we wanted to get back into the market. We are still bearish as we have been for some time but that does not mean things/events that could buck the trend cannot be managed differently if it is warranted. I will more than likely continue to provide ammo to shoot down bullish sentiment. I saw a thread on here earlier after the report that said we were going to $5 and to hold on. That scares me. What happened today could certainly delay the markets making another leg down and trust me I am happy about that. Will 2013 yields and production change again? No....but that does not mean that "production" could not creep back into future Quarterly Stocks Reports. To me that number had a lot to do with the move today. That concerns me because that can be fluid moving forward. If I have a change in my thinking I am sure you will all see it in my rhetoric. |
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Gulke must have been WRONG?
