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NW Iowa | Look for a correction back near the pink line on the above chart and lay it in. That's my humble and fallible opinion. (That correction may be today by the way.) Yes it might go 25 cents lower, but it could easily go 75 cents higher. Black swan events happen when markets are either low and going lower or high and going higher. Fuel is low by historical standards now. Seasonals are lower into Jan 21 and higher from there. Look at the chart. Still kickin myself because I missed the low. Was busy on Jan 21. It was up on the 22nd and I layed it in a day late. I'm sure it cost me a nickel. My fuel was $1.15 for the record.
Good luck but don't blame me when you by it and it goes down to 60 cents by planting! HA!
Edited by forwardperson 1/29/2016 10:58
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