On and Up?

[cottonpicken]

Probably jinxing the situation by speaking early but the canola chart looks repaired.Time to test 769.

Corn hardly corrected and looks pretty solid.All things that mirror it should catch up.

Spring wheat does not look good to me.

Opinions?

[coppertop]

I would have to agree on the Canola chart, amazing what can happen in a few days.

Corn is going to the moon! I will put out there that before Christmas we will hit $8.00 on the nearby.

Wheat chart doen't look as attractive, but I'm liking the Fundamentals on this one. One little hicup in the growing season, and she will go.

I still like locking in new crop canola, just simply because of the volatility. That said I wouldn't be pricing anything without replacing it on calls or futures.(futures are getting to be a dangerous trade), but if we are done(which I don't think we are) at least your hedged, but if this thing does take off you want to have those new crop sales replaced, because it will be a rally you don't want to miss. Another approach would be buying puts on the way up and holding you grain to grow in the upcoming season.

One more thing I think we will have a rally followed by a correction, and then off to the races.

[Fransisco]

Looks like oats is back to being the ugly duckling.