Good morning friends
Corn (H17)  370’0     +3’6
Soybeans (H17) 1067’6   -2’4
Chi Wheat (H17) 428’0   +’4’6
KC Wheat  (H17)  446’6   +1’4
Cotton (H17) 72.94   +.25

CHECK OUT THE AUDIO BELOW FOR COMMENTARY

Trade ideas:
-New trade idea- I would look to sell some September corn around 3.95.  It kinda feels like Dec 17 is going to test 4.00, but I cant imagine it gets broken by much. I like selling September as an old crop sale.  This position could definitely take heat, but I just cant imagine the corn market needs to encourage more production.  It could be a nice placeholder for that last sale before harvest.

– Buy July corn- Sell Dec Corn (see Turner’s Take)
– Buy March short dated Bean puts to protect crop insurance prices
– Sell March corn near 370
– Sell March KC wheat, look to re-own July
– Hedge Dec 17 cotton at these levels and more near 73 cents.

Spec Recommendation:
– Sell April Hogs
– Sell June Hogs
– Sell October Hogs
-Buy Feb hogs/Sell April on a spread

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