Tidbits, Venezuela, Market Plan and Stress 11/23/25
- Wright team
- 13 minutes ago
- 4 min read
Tidbits
Early last week President Trump authorized covert CIA operations in Venezuela. On Friday, a large crude refinery and chemical facility in Venezuela had a serious explosion, the cause of which is reportedly unknown. On Monday, the U.S. will designate Venezuela’s drug Cartel de Soles as a foreign terrorist organization for its alleged role in importing illegal drugs into the U.S. That designation legally allows a U.S. military strike on any target within the country that is associated with the drug cartel. The Trump administration has accused Venezuelan President Maduro of leading Cartel de los Soles.
Venezuela has 330 billion barrels of known oil reserves, by far more than any country in the world and it is a member of OPEC. Do not be short crude oil, diesel fuel, or gasoline futures.
Market Plan and Stress
The first priority of Wright on the Market Team is to show our clients how to make more profit through better marketing. The second priority is to reduce the stress of marketing.
The market plan we presented on the 1 November mailing accomplishes both of those goals.
The HTA contract at or above breakeven locks-in a floor price to reduce the stress of the market going lower before you get your crop sold. The use of put options captures the extra profit if the futures price moves substantially higher, which would be 50¢ on corn, 75¢ on wheat, and $1 on soybeans.
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