If you are in the path, I hope by now you have taken steps to protect what’s near and dear to you.
As for the markets, most likely, the Stock indexes will be closed for at least another 48 hours, but that’s going to change on a day to day basis.
Today, the corn held tough, as the beans took it on the chin. Quite honestly, I think its probably best to sit tight.
Liquidity is going to be absent until we get the storm addressed.
I am in Chicago, and they are warning that we’ll have 30 foot waves on LSD. (Lake Shore Drive)
Consider buying bean calls on this sell off. If we get a weather issue in S. A. in the next 3 months, a march call will pay off nicely.
More later.
CER