Good Afternoon, this is James Cordier of OptionSellers.com, with a market update for April 11th. In directing your portfolios, my staff and I are constantly scouring seasonal trades, we’re scouring fundamental facts going on in economic growth and sometimes lack thereof.

Following GDP in China, trying to count barrels of oil coming in and out of the Gulf of Mexico, all the way down to something not so sexy, and that’s counting cocoa beans. This is the work that we do trying to formulate your trading strategy for your account. We’re always looking for low hanging fruit. Every time it comes about, we try and get involved with it. We also try writing an article so that your clients can be involved with exactly what it is we’re doing, why we’re doing it, and what steps we’re going to take in order to, hopefully, help your account grow through 2016.

Approximately two weeks ago, we spotted fundamental facts that pointed to probably a very large corn crop here in the United States. We wrote what I think was a really nice article talking about supplies going into the end of the year. That report certainly talked about a very large corn crop. Everything that we digested, as far as that information, pointed towards a great deal of planting here in the United States.

The last day of March includes the government report of perspective plantings. We like waiting for that report because, simply, it is a huge market mover. The fundamental facts that we dug up pointed to a very large plantings for corn. Low and behold, that’s exactly what happened. The corn market plunged on the next day and I missed the trade. I wish I had that one back. I can’t get it back; however, there still may be some corn trading going on later this year, but right now that is certainly one that I missed.

Not trying to fix the corn trade, but there is something that’s coming up very similar. Needless to say, corn and soybeans are a similar product. They’re used for livestock feeding and such. They are grown in the same regions, the same countries around the world. Often, when planting reports come out like what we saw at the end of March, so one-sided to corn, what producers will do in many of the countries around the world is they will change from producing corn to possibly sowing seeds for soybeans. We see that happening in China right now. I recently read a report that suggests that.

Of course, here in the United States, we’re also going to see a lot of the plantings leave corn and go to soybeans. What does this mean? Quite often, as this develops, we are looking at larger acreage planting for soybeans. Soybean fundamentals are not quite as bearish as corn; however, we do think that, come October, November of this year, we’re going to have an ample supply of both corn and soybeans.

If you did open your statement recently, we did start selling soybean calls. We think that’s going to be an excellent opportunity for later this year. If the market rallies slightly more, we’re going to be looking at selling more for your portfolios. This, of course, is a seasonal trade, but it’s combined with the fundamentals that we look for when all is adapting to a trade before it takes place. We try and do all the research we can before the market opens that day, and then, as the market does trade, we try and put that in your account as soon as possible while we think it is still low hanging fruit.

Seasonal trades right now are looking very good for the months of May, June, and July. We are going to be keeping an eye on that, and we’re going to keep you, our client, abreast of exactly what we’re looking for. If, in fact, we do find some options selling coming up in these couple of months, we will be putting these into the newsletters that you’ll be receiving, hopefully one to two weeks prior so that you can keep very well informed with your account.

For those of you listening today that still don’t have an account with OptionSellers.com, yo(continued)