Grains Journal

I'm out of the corn of course, but still long the Novie Beans. Currently 6.30 1/4

 

There wasn't really a strong technical reason. It was more a matter of allocation. I was just wanting to shift into other opportunities and felt the chart was weakening a bit.

 

just wanted to post - I have some interest in this. Do you have a particular source (or sources) for agri news realtime that you find helps you react well to these markets?

basically looking for sources (besides USDA crop reports) of daily info realtime on important transactions that are affecting these markets (wheat, soy, corn).

Or is this all TA based trading?


thanks

 

I don't follow any news. It's all TA. I'll be rolling out of Novie Beans tomorrow.

 

some people surely know how to move the markets around here.....

 

Rolled the Novie Beans into the July contract on the close Thurs.

 

b1s2 if you have a sec, could you tell me your opinion on Dec corn ?

Thanks !

 

I have taken a short position Dec corn this am. stop @ 375 1/2.

 

Sorry, didn't see your post earlier. Market is taking a breather with the weekly chart still very bullish. Market should not be sold until a breach of 3.584 basis Mar. I would be out of the Dec now as it is too close to delivery

 

Thank you for your remarks.

How did you derive 3.584? up-trendline ?

This is a very short term trade based on weakness on the daily and rsi failures on the 30/60. target 346

Hope it works.