Pres/Owner of Catt & Assoc. Series 3. Not a broker or NL. Risk of loss in trading commodity interest can be substantial. Opinions only. Not trading advice.
December 2026 corn futures is contract close enough for perspective.
The risk of loss in trading commodity interest can be substantial. This data is provided for information purposes only and is not intended to be used for specific trading.
@jonbottiger@QuartziteRMLLC Might have to build another bin so I can buy corn below the cost of production. Both with my government subsidy.
The irony.
@jonbottiger@QuartziteRMLLC Might have to build another bin so I can buy corn below the cost of production. Both with my government subsidy.
The irony.
It’s weird. 15 trading days and ~10% higher, there were a lot of dudes pissed they “sold too much” on the way to $5.00 in Dec corn.
Then again there were a lot of folks telling dudes it was just the beginning of some grand bull market — even some suggesting the unhedged double down and buy calls.
If I was a producer that heeded that latter advice, my vibes would be way bad too, I guess.
@QuartziteRMLLC Many were advised and sold too much at $4.50–$4.60, sold only a small percentage near $5, or bought calls looking for $6 corn. Then, advised to buy hedges back on the initial selloff, hoping for a rebound.
The receipts are everywhere.