Posted 12/5/2018 14:46 (#7150820 - in reply to #7150700) Subject: RE: Corn
mignic - 12/5/2018 14:35
Not enough politics in your legitimate question..... Might try TP - do just as well there***
Sorry I don't follow corn enough to be of any help. Just sick of this nonsense on what used to be a good forum.
I wasn't going to say anything, because I don't really know but I appreciate your comment enough that I'll take a stab at it.....
Looking at the March, we tried and failed at 3.90 in both Oct and Nov. The old saying is that triples don't hold. So if we're not going to blow through 3.90 (I have no idea where to), we better fail pretty quickly. That said, the market doesn't have to act rationally and old rules are usually a good way to strip traders of their cash. So here we are. The rest of this week and next week should be pretty telling.
Last thought, last year we were .30 lower when we rolled Dec to March. A lot of guys are looking for a rally but I think most of our strength is already there.