I thought I'd wait until it dropped to 190 before I jumped back in...But I jumped in at 203 because it seemed to be in a real rally. Now it diving back down. I have my stop loss set.. If it triggers tomorrow maybe I will be back in in the 190's. Happy trails..
Planting is late this year due to weather - could mean two things: lower yields due to timing leading to more acreage planting and more fert use (my speculation) or a runoff (from rains) of already used fert leading to additional applications in some areas (also speculation). either case would increase the sales of TNH in which producers would cover these additional cost from the increase in corn prices this fall (supply and demand). I also think we will see NG supplies return (now that warmer weather is here, finally) and prices retreat through 2014 back to their lows of 2012. JMHO