Posted 10/13/2018 17:11 (#7044734 - in reply to #7044584) Subject: RE: 2019 corn, beans
Deere6 - 10/13/2018 15:28
Is it the same story for beans? Seems like a lot of doom and gloom around soybeans.
Hi Deere,
Pretty much. I think the continuous corn lows will be tested again. Although the geometry on the beans is impeccable, I haven't come around to believing the lows are in there. Hopefully I am wrong and horizontal price action is the worse thing we see there. But I am not convinced as of this time. Personally I remain in the camp that the pricing opportunities for both corn and beans will be above last year's best pricing opportunities. It will take time though and I think you can throw the traditional season highs out the window for next year. My advice would be if you are gonna make the sales early, and price flatlines into spring, getting some out of the money call coverage should be considered. JMHO.
2019 corn, beans
