January beans have retraced 75% of the 5.00 rally we saw this summer. We’ve dropped over 4.00 in 2 months.
I’d look at a 14.70 call for 12 cents for the next 32 days.
Buy a Jan corn 7.70 call for 6 cents. For wheat, buy a 9.00 call for 10 cents.
These are 30 day plays to catch a potential bounce higher after the sell off we’ve had in the past 2 months.
In the Stock Indexes In Dow Jones Dec, look at 12,840 and then 12,940 as upside targets…Why?
Because all these markets look oversold.
CER
