Registered: Feb 2008
08-24-12 01:47 PM
I have closed my December 2012 CBOT Corn Positions with a small Loss.
In the meanwhile i have make many trades to it.
Right now i am neutral.
I can not predict it well.
Also, i watch Soybeans.
It will be a key factor for Corn raise,
if continuous to raise.
Right now my exposure in Grains are in 2 positions.
Long March 2013 Kansas City Wheat / Short March 2013 CBOT Wheat,
Long May 2013 Kansas City Wheat / Short May 2013 CBOT Wheat.
I watch also very close the Weather in the Hard Red Winter Wheat USA States.
Exist a prediction for Kansas & Oklahoma that will receive good Amounts of Precipitation the next 5 Days.
For Weather, i watch very close these 3 Internet Sites many times per day:
1) http://www.cpc.ncep.noaa.gov/ ,
2) http://www.hpc.ncep.noaa.gov/qpf/day1-5.shtml ,
3) http://water.weather.gov/precip/ .
Also, i have read yesterday,
It will take about 15" of rain to break the drought, but that didn't matter today, when traders were focused on broad liquidation moves.
Now, exist and another tiny thing relative with these.
If exist finally a Good Rain,
will affect it a huge a high Evaporation Rate,
because exist a prediction for high temperatures in the places that will drop that Rain.
Also, i make patience because i believe that later this Wheat Calendar Year 2012-2013,
USA Wheat Exports will raise a huge.