Seeking Alpha
  • Garfield23
    $AGA $ADZ $JJS $TAGS $USAG $SOYB $SPY Soybean, Good technical analysis article: http://bloom.bg/162goQ5 (Flag formation)
    9/13/13
    Reply (11)
    • Garfield23: combined with strong (bullish) fundamentals, I see the technical marks mentioned in the article being hit - (one other thing I see, is that:
      9/13/13
    • Garfield23: yield per acre applied to actual acreage (with acreage lower than last yr bc of the heavy rains early season) will result in
      9/13/13
    • Garfield23: a total production below last year's, - the margin of risk to the upside is tremendous, as last year's prices saw mid-to-mid-high teens,
      9/13/13
    • Garfield23: while demand has increased, supported by yesterday's export numbers which increased YOY, so the direction is higher, I'm buying more today
      9/13/13
    • markrpat: buying more $SOYB? or November '13 contracts?
      9/13/13
    • Garfield23: I only buy contracts, (some I trade, and others I take delivery of and then have sold at 30% mark-ups in 4 months to various end users)
      9/13/13
    • Garfield23: very lucrative business, but heck at these low prices $13.90 yes I am buying much more,
      9/13/13
    • markrpat: sounds like more fun than $SOYB. Unfortunately, this ETF mixed bag of contracts...30% nov '14 contracts which took a pounding.
      9/13/13
    • markrpat: sorry, make that 35%. the rest is 30% jan'14; 35% nov'13. nov'13/jan'14 roll to jan'14/march'14 on sept exp (next week).
      9/13/13
    • Garfield23: IMHOwhatever you do don't be short Soybean this weekend, Sep's sold at $1,500 and outs on 16th, so cash buyers at this mark and Nov's 2boost
      9/13/13
    • markrpat: Thanks - today exp, I thought it was next Friday. My intro education to commodities. Learning as I go.
      9/13/13