Wow...this is going slow. We mentioned that this could chop until harvest begins. Smells like this happening. If it chops for another week we will cover our position and wait.
Corn is holding on and it's now go or no go. Corn could start to go sideways until harvest begins. We are watching this very closely. We are still long and will stop out with a close in the descending wedge.
Corn still acting well. Back to the break out area is normal. If it breaks down from here we will most likely see more downside. A bounce from here should test the most recent swing highs.
Corn is working well. As an FYI this (ZC1!) is the continuous contract and is priced a little different than the DEC contract. However, the patterns are still the same and they are both working well. We are still long and looking for the gap fill (on continuous contract). We could see some sideways to down movement over the next few days before we start to...
And there she is! After the crop report the boys decided to give a little head fake and run the stops of the weak longs. Now if we get above the 362.2 we could see a nice squeeze would could pop us. We are long and will be holding for the gap fill. Understand we are not fools at OFT... we can read. We understand that the agency is calling for a record 14...
AUGUST crop report is due out this morning and we are watching. There isn't a lot of markets to be trading at the moment but that's summer time trading. However, with happenings in Russia there could be some movement in the grains. We are watching to see if they push things down and get later comers short in the hole before squeezing them. We would like to be...
Corn has fallen to far to quickly. We are now back to the original buy areas. If you are still holding from the buy point this will be a good lesson. It is important to take some profits on the way and trail stops. We missed this trade but for some it was very profitable. If price jumps to our sell zone we will look for a short signal.