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.
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
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.
Still holding July Wheat, July Oats and July Beans short here. Will look to add positions on strength.
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.
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!
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.