Bullish USDA report this morning, both corn and beans

[boarderbloke]

yield & prodution>
http://news.tradingcharts.com/futures/9/1/146633819.html


planted ac vs. harvested>

http://news.tradingcharts.com/futures/1/2/146633821.html

cp, I need your help again!

[boarderbloke]

canola was up $15.00 nearby!

[furrowtickler]

Let's hope for a fantastic friday.

[fjlip]

At opening...
Corn and Soybeans up limit 30 & 70 cents.
Soyoil up 2.7 cents/lb.
Canola up $23/T

[charliep]

Always interested in the strategy side.

What do you do with this rally? Trailing stop? Options strategy (buy puts on the way up)? Store? Sell in increments?

[cottonpicken]

Glad I was wrong about a top beinging in. The usdx is falling apart which is the most important thing in my mind. The global investment community is waking up and getting out of paper assets. Get strapped in we are going for a hell of a ride

[charliep]

Should likely stick my own neck out.

A quote from a friend (Ken Ball/Union Security). Reward rallies with sales. If the market more, reward it with more sales.

I would have a trailing stop. Ride it as far as the market will take you but be prepared to pull the trigger on a break for at least some. Would watch basis levels - grain companies/others will build lots of protection in their prices. Those with futures accounts have a leg up although would be prepared with cash for the margin account if the market rallies a lot farther that I think it might. A person can never say never.

[ado089]

I would say the US is teeing up the market for heavy SA imports this spring. They will run up the price until Feb to sell the domestic crop at a high price. Then revise stocks up to drive down prices to import new crop SA crop. If there is a poor crop in SA it could ultimately drive price up more but I would price by early FEB.

[joedales]

Here is Moe Agostino's Analysis of the shockingly bullish USDA report.

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