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LHonigAtl@xxxxxxx wrote:
> Well, yeah, why not, I'll go out on a limb before the Monday a.m. USDA
>
> reports (which come out prior to grains' opening at 10:30 EDT).
> Everyone is
> expecting no big deal, so that's the odds-on bet. My viewpoint has
> been, as
> this group knows, that Corn estimates were way, way understated by the
> USDA
> in the March 30 crop report. I think we will see in FACT (if not in
> early
> REPORT) big increases in (a) acreage and (b) yields (bushels per
> acre). We
> have already seen dramatic (25% to 35%) decreases in exports on an
> annual
> running-total basis (the USDA reports weekly, not "last 52 wks.").
> Thus, it
> is just possible that the facts could start to come out Monday morning
>
> (rather than later in the growing/harvest season). If so, Corn will
> be limit
> down all week. Thus, I am short Dec. Corn. Now. Ahead of the
> reports.
> Which is usually dumb. So, out on the limb and telling you all about
> it.
> If I have egg on my face later, I'll lay low for a few days in terms
> of the
> RealTraders, okay? Gotta maintain the fragile male ego.
>
> Good luck.
>
> Larry
Did you CYA with options???????
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