Wednesday, November 08, 2006

Corn making new highs...

....again, causing much whooping and hollering in the Avalon trading room....again.

Elsewhere there is a lot of bullishness on corn as well. Peter Korda od Slipka Financial Partners has made a pretty compelling case for all time highs in 2007 over at The Commodity Trader.

I'm quite happy to agree with him on this point.

Options are carrying a lot of IV so some covered calls might make good sense if this looks like consolidating in the near future, which it doesn't. Wheat has done so over the last couple weeks so who knows.

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