Key reversal after a limit up and a gap. If we start down into the gap tonight or tomorrow we might have seen the high?
JMHO
Also IF we close over 540.50 my next target is 575.
We have not started down into the gap area so it looks like we could go higher.
JMHO and it's worth exactly what you paid for it.
Have always enjoyed your comments . Happy New Year
back at ya !I always read your comments. Thanks for sharing
Thanks guys and congrats even more to producers who are loving these prices.
Don't fret that you sold most of your crop a long time ago and wish that you still had more to sell at these prices.
It was impossible to see these dynamics 6 months ago and if everybody had, they would have tons to sell right now..............and prices would not be up here with more sellers.
So lets look at pricing now, here in 2021.
Large producers should consider selling part of their crop here and more on the way up if we have more left.
When the SA harvest hits late next month, the top should already be in.
A La Nina caused drought in the US this Spring/Summer is the only thing that will take us to new highs.
Here are more comments
That thought has been on the back of my mind as far as whether a peak is here or close. Even with less than ideal conditions in SA, they will start have a decent crop. Not record setting, but it isn't laid to waste either.
Mike is this what you wanted to post above?
Yes, thanks cutworm!