Corn has been forming a head and shoulders pattern since the start of June. We got close to breaking the pattern in the right shoulder ($4.59 was the price to beat and we got to $4.53). While we aren't in the total collapse phase of the market yet - we could start that at any time now.
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(Didnt update this at the time but had some $16 put options on $CORN. Already in and out of those (I got out before the rebound in price). We hit some solid support - closing the idea.
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