I see corn [CH] broke 4.75 on my screen plus the next two months
Will it hold???
Do I remember the next target some where around 5.15???
I don't have much old crop left [20%] but all my new crop
I see the dollar is weaker
Am thinking most producer will try to re-gain lost old crop price with higher priced new crop sales
Open for forum discussion,
Front month Corn could see 2014 Highs 519-522
Maybe Higher off of the Jan USDA report and Arg. holding corn cutting there
New crop could see 443-447 and then IF we have a weather problem 475& 490-504
I like to hedge now by selling a 4600 or even 480 call. That would be that 10-20% of production