High last night— 13. 01 1/2. I had orders working at 13.04 1/2 which did not get filled.
For those who scaled in sellers from 1299 however, you’ve gotten a little bump here as beans broke down to 1288. 600 bucks a contract. I’d cover 1/2 and ride the other half through the number which comes out in an hour.
If you are a hedger; There is no carry here for beans. No benefit to storing. Sell beans here and be happy. If you are a perma bull- look for a break to re-own those bushels with some cheap (sub 30 cent/bushel) March call spreads.
CER