The short bean and corn positions are mostly history. I had moved buy stops to insure 20 to 30 cents profit a contract on all positions. I am still short some corn, but I am out of the bean shorts.
For now, I am flat the grains. I want to step aside going into Friday’s March option expiration.
I have no feel as to how we are going to close Friday, so I’d rather not have any exposure.
If you pressed me, I would still say that corn and beans are fighting the acreage war. I’d be bullish, but with very tight sell stops. I also want to sell new highs, looking for 20 or 30 cent corrections to take quick profits.
That is all.
CER
