I have 4.29- 4.32 Target for Corn. And potential 4.45. Do you see a scenario for that?
Nemo_Confidat
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@mtb1980, It's all about the $$ and there is a massive signal for an imminent USD rally. On the grains, in themselves... look at corn - above - for example. Would you wanna buy/own that, here?... All in all, my thesis on all the grains is that there is just waaay too much of it them out there and currently it is *** all speculative positioning ***. (I.e. they have nothing to do with the reality on the ground.) Even the slightest flinch in the UD and all these ought to come crashing down! That said, however, it all depends on your targets... I, myself, am all about a $2.50 corn and a KE-ZW to (still) come crashing down. I've been sitting in Wheat and Corn with synthetic puts (+Calls - Futures) and as it stands and all I have wasted so far is time + the commissions. (They are a scratch or a minute loss for me, so far.) E.g. I could make a case for them, either way and there are better trades out there than these, that for sure. (Like Coffee, OJ, Crude, etc. :-) - And this is my (very long) 2c. :-)
mtb1980
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@IanSinclaire, I appreciate your thoughts and the long 2c worth.