Tidbits, Market Action, Wheat, Urea Prices 9/22/24

Highlights

The market action this week will be dominated by the looming: 

1. Dock workers’ strike on the US East and Gulf Coasts where 5 of the 10 busiest ports in North America are located.

2. US government shutdown 1 Oct due to a lack of funding being approved by Congress and the President.

The expectation of either happening will be negative for grains, but much worse for the stock markets. Those of you with a stock portfolio (which includes a 401K or IRA) should seriously consider buying some stock index puts to hedge your stock portfolio.

For those of you with a futures account, do you think buying or selling corn, beans or wheat is less risky than buying a S&P 500 put this week?

Want to read more?

Subscribe to wrightonthemarket.com to keep reading this exclusive post.

Subscribe Now