Corn Crash!

PohPoh · Jul 18, 2008

Fwiw, we are out of our corn shorts
we were short the Dec from 761.
and we also had 550Z puts that made only a little bit, despite us buying them damn close to the top.

Dome of death heading to the Midwest late next week.

simpleton · Jul 18, 2008

Quote from mrman500:

Dec. corn is now $6.43.

Simpleton does not look so simple now.

Whats your point?

Subdude · Jul 18, 2008

Cool, went long on Sept contracts @ $6.15

mrman500 · Jul 18, 2008

I was complementing your bearish outlook. If you'll read my posts you'll find that I shared it.

simpleton · Jul 21, 2008

Quote from mrman500:

I was complementing your bearish outlook. If you'll read my posts you'll find that I shared it.

Ah got ya, thanks.

Subdude · Jul 21, 2008

Hey simpleton, have you had the patience to ride it from $7.00 to $6.00? Just curious... nice call on this big correction, regardless.

Rtrader2525 · Jul 21, 2008

i think the gap will be filled, anyone else?

PohPoh · Jul 21, 2008

I think Sep makes it down to about 573
Got out too early here.

Bingoking · Jul 21, 2008

Time for a "turnaround Tuesday" tomorrow.
Just because we can . . .

Subdude · Jul 21, 2008

Quote from PohPoh:

I think Sep makes it down to about 573
Got out too early here.

Depends on the weather-crop summary report. Looking for a bounce above 600.