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Intel55@xxxxxxx wrote:
>
> Hmmmm I am still in a bull call spread in dec corn . Long 5 230 and
> short 10
> 260. Still basically flat on the trade, not much . If we get much
> above 245 I
> get out, unless it is a wheather pop. The only thing left to save corn
> and
> the beans now is the wheather................ monday should be
> interesting I
> guess. They keep saying if it does not rain the beans will pop .20 and
> corn
> will pop as well. I kinda of believe it is bull, but I guess we will
> see
> monday. Still short them aug calls.
> Jim
Jim,
I live in West Central Illinois which is one of the dry spots that the
grain traders were concerned about. We are getting some heavy thunder
storms this afternoon.
I have open Straddles in December Corn and December Wheat that are
already making a little profit on the sell side. If my take on the
weekend rains is correct then they will be showing some more profit on
the sell side early next week.
Dennis
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