I've been waiting for beans to pull back to the top of the old range. Got it this morning.
Just bought some Nov $14 calls. Fingers crossed.
I'm out here on and off. Posted this on the corn thread: "I got some Nov beans at 14.10 and 13.98. Nothing on the corn. USDA confirmed lower corn yield this morning, market was already trading it, thats why no rally. Next month report may lower harvested acres. Corn looks like it will be in a trading range from 7.25 to 7.75 for awhile. Agree there should be good support for beans at top of this old range. I like the fundamentals too, feel like this bean crop has been hurt by heat and dry weather this summer like soybeans. Dollar strength hurting the grains now. Corn back green, up 7-8c. Beans bounced off the lows.
Position was added too today. Looking at adding some stink bids for the overnight thin market......any good spots on a stinker? NOV 1378, 1371 maybe?
Adding a little more on the dip right now, 13.84
I mentioned this frost forecast earlier. Weather services I read have freezing temps in the northern corn belt (MN, NE, Dakotas, northIA) for Thur-Fri. Market not worried about it today. Crops are late and subject to damage, not necessarily yield loss. Just adds to the excitement of grain trading!