Any commodity/soybeans traders around?

Grains are Wheat,Corn,Oats,you know,the stuff needed to substain life

 

That's true. I have seen a lot of tradeable patterns on weekly and daily charts. They take time to form, but once you spot it you have a nice deal.

By the way, the whole ag sector is setting up for a major bull market in the years to come. Last Friday CBOT released a report on the story. The link is: http://www.cbot.com/cbot/www/cont_detail/0,1493,10+24+109+10254,00.html

OPC

 

he, he, he... This paper talk is quite boring at times. But the folks are cool.

 

My father trades them. He used to trade Options on Gold Futures and Japanese Yen Futures back in the late 70s / early 80s.

 

Commodity markets have a lot of tradition tied to them. No wonder futures contracts were invented by grain traders.


Also a lot of old wise men can be found in these environments. The same can be said of interest rate and currency markets.

OPC

 

BeanTrader,

Which broker do you use to trade grains. I am interested in giving it a try, but IB doesn't have it available.

 

OPC thanks for that article. I have been pondering the same thoughts myself. If we are truly going to experience a decade of weaker business and deflation, the idea of increased food costs is going to make the whole picture that much scarier.

 

Not at all. But don't forget that timing is still up to you.

 

Oh yeah. Let me ask you as a theoretical question simply for a bit of discussion if it evolves, will it bother you to profit from increasing food prices?

I ask in the sense that as the stock market declines and many folks are losing money, this money, even though for some it is their retirement nest-egg, could be put elsewhere.

But food... as was mentioned earlier... is a necessity. Those of us who trade don't worry as much about this necessity as many. many people do. And a bull market in the ags is only going to make it more difficult for people to buy food. We will.. or intend to... profit from a situation that is hurting other people directly.

Other opinions?

 

Bull or bear market, a trader needs a trending market.

About profiting from increasing food prices let me also ask you a theoretical question: if I buy the market and prices go down instead, will you bother with my losses? And if that is the case, whose hands is the money going to?

OPC