Boyd Baker PriceCount trade for Corn
May Corn initiated new upside PriceCounts with a
close above $3.75 1/2. The 1st upside PriceCount projects a move to $3.85, the 2nd PriceCount target is $3.95 and a possible third PriceCount comes in at $4.11. Seasonal flooding in NE, IA and IL could potentially reduce Corn acreage or at a minimum delay planting progress. Prices have been supported on this news and have moved above
the 18 day Moving Average of Closes. Upside PriceCounts remain in place as long as May Corn can stay above
$3.67 3/4. Traders can now look to position themselves long. For the specific buy
recommendation please see below.
DISCLAIMER: THIS IS A SOLICITATION. Reproduction or rebroadcast of any portion of this information is strictly prohibited without written permission. The information reflected herein is derived from sources believed to be reliable; however, this information is not guaranteed as to its accuracy or completeness. In an effort to combat misleading information, The Linn Group has performed its due diligence to insure that all material information is provided within this report, though specific information related to your investment, hedging or speculative situation may not be included. Opinions expressed are subject to change without notice. This company and its officers, directors, employees and affiliates may take positions for their own accounts in contracts referred to herein. Trading futures involves risk of loss. Past performance is not indicative of future results.
Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades may have not actually been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown.