Grains
We were stopped out of our short beans last week at $5.52 In front of a 3 day weekend I did not feel that bad about it.... After the sharp run up today I would not be afraid to continue playing the beans from the short side, just remember to keep stops in at all times. My noon weather model has 70%-80% coverage on 1 -2 inches of rain right in the heart of the dry area in southern Brazil starting Thursday night lasting through Sunday...... Not a bullish forecast...You may feel like your feeding the beast but the beast is going to choke to death!
Any questions or if you want to debate my theory give me a call
Jason Godfrey
Iowa Futures Corp
888-777-1442
jason@iowafutures.com
YOU MUST ALWAYS BE AWARE THAT THERE IS SIGNIFICANT RISK INVOLVED IN TRADING FUTURES AND/OR OPTIONS ON FUTURES AND ARE NOT SUITABLE FOR ALL INVESTORS.
posted by JasonGodfrey @ 2:28 PM
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