Grains Journal

Discussion in 'Journals' started by Buy1Sell2, Feb 7, 2006.

  1. I did some extra research on oat fundamentals over the holliday period and I can see oats dropping down to 172- 174 based on Canadian crop reports. I will short oats again if it jumps up to 185. I am looking to go long Sept corn gain below 260.
     
    #131     May 30, 2006
  2. Start by reading this article to understand the usda reports.
    http://www.usda.gov/nass/nassinfo/pub1554.htm

    Here is the page with the actual wasde reports.
    http://usda.mannlib.cornell.edu/reports/waobr/wasde-bb/

    Here is the page with other crop reports for corn.
    http://www.nass.usda.gov:8080/QuickStats/index2.jsp
     
    #132     May 30, 2006
  3. Buy1Sell2

    Buy1Sell2

    I don't really trade or research fundamentals at all unless you want to consider seasonality to be a fundamental. I generally consider that a mix of fundamental and technical. I only pay attention to the chart technicals and seasonality and would not be able to offer good advice on places to look for fundamental anlaysis/ideas. It is my belief that fundamentals are revealed in the chart as well as the human aspect.
     
    #133     May 30, 2006
  4. ibby

    ibby

    Thanks for both your replies. I look forward to your future post.

    Good luck in your trading.

    Ibby
     
    #134     Jun 1, 2006
  5. Buy1Sell2

    Buy1Sell2

    Still holding July Wheat, July Oats and July Beans short here. Will look to add positions on strength.
     
    #135     Jun 5, 2006
  6. I still have not created any new positions in the grains. Fundamentals look pretty bearish for the near term due to great weather for corn/soybeans. I will be sitting on my hands and waiting for bottom, the only grain I am considering shorting is oats. Good job on the profits in wheat you must be raking it in.
     
    #136     Jun 7, 2006
  7. Buy1Sell2

    Buy1Sell2

    Thanks, so far , so good. I think I could have covered Oats and Beans a few days ago and then reshorted, but it's ok!
     
    #137     Jun 7, 2006
  8. Buy1Sell2

    Buy1Sell2

    I am looking for some kind of double top on hourly charts for Beans and for Oats so that I may short more. Until then, I will stick with the positions that I have. There is a potential for a short term double bottom coming on hourly wheat charts. If it occurs, I will take profits there.
     
    #138     Jun 7, 2006
  9. Buy1Sell2

    Buy1Sell2

    Covered July Wheat here at 386.75. Roughly 34 cents profit per contract.
     
    #139     Jun 8, 2006
  10. Buy1Sell2

    Buy1Sell2

    Nothing like exiting just prior to another 12 cents profit-- :)
     
    #140     Jun 9, 2006