Pabst's Blue Ribbon Trades

Hey guys. It's going to be a wild Grain trade today. Looks like the planting intentions report this AM was what everyone expected, a lot of Corn and not a lotta Soybeans (although there's a decent carryover). I'm looking to be a seller of Bean puts today.

My Cotton is breaking out. I'm going to add to my longs. Until proven wrong (I don't have a stop, YET) I'm taking a bona fide shot at Cotton as a 4 star long.

My Bond shorts worry me. (20 years of getting killed by selling Bonds is conditioning me) However as I type bonds are collapsing!!! YOWSA, this is a nice day already. :D

DEFENSE will be the order of the day.


Working Stops: Bonds B 10 111.24
 
Just placed an order by telephone to sell 5 May Soybean 780 puts at the market. Talk about trading blind!! I don't know within a nickel of what I'll be filled at. Beans are called 7 better I'm thinking I'll get 12 cents for these puts. We'll see, lol.
 
Wow!! Corn lock limit down. Beans opened 2 lower and straight down. Filled at 20 in my Bean puts. I LOVE round numbers like that. Exactly 5k in premium collection. A lucky sign perhaps...

Except that I'm down a few grand already on them.......
 
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