Tuesday the 12th USDA Report
Friday 15th NOPA Crush
Refer back to last weeks comments and #’s
Keep your eye on basis still strong last week
Oats keep going
For those who did make some hedge sales in new crop Corn
(Dec. 22 ) seems most were sold at 536.50 keep a mental stop close over 550
Try to take profits at 511.50-510
Will be happy with the hedge for now and book it.
Friday’s close could have been weekend hedge pressure for the complex.
Close for Corn, Wheat and beans were near the weekly lows.
Keep your powder dry for the USDA #’s Tuesday
Call with any questions