Corn Technicals (September): September corn futures didn’t see much follow-through early in the overnight session but are firming up this morning, taking out yesterday’s highs. Previous resistance is now support, that comes in from 586-589. If the Bulls can continue to defend this pocket, we could see an extension of the relief rally take us to the 624-630 area....
According to my analysis ,I think there is a High probability for the price to hit the level mentioned in the chart .So you can take this trade with low risk ,because we saw a Golden Point with a good volume that confirm our probability..
Corn Commitments of Traders Update: Friday’s CoT report showed Managed Money were net sellers of 25,871 futures/options contracts through July 19th. 24,916 of this was long liquidation, just 955 were new short positions. This shrinks their net long position to 125,303 contracts. Broken down that is 202,400 longs VS 77,097 shorts. Fundamentals: Corn futures had...
Hello ladies and gentlemen, according to my graphical analysis Of The ZC! FUTURES , there is a high probability of drop to the level mentionned in the coming period.
A+ setup - risking 1R short @ 575 stop @ 589 looking for 540
keep shorting because we have a strong indication of a new bearish trend
Corn Fundamentals: This morning’s weekly export sales report showed net sales of 33,900 MT for 2021/2022 were down 43 percent from the previous week and 82 percent from the prior 4-week average. -Net sales of 570,200 MT for 2022/2023 Techncials: Corn futures have broken below our 4-star support pocket from 586-589, taking out the lows from July 5th and 6th. This...
Corn is currently in minor wave D or E of an intermediate wave 4 triangle. Once corn breaks out of the triangle, it will begin intermediate wave 5 down to at least the 521'0 (0.618 Fibonacci level) area for December corn, possibly lower. This is also happening during the summer months when corn prices typically decrease. If you bought corn on July 19 and sold...
well since last year there has been a 225% increase to the price of corn when I started looking at this chart back in sept of 2021 last year- through november the price has risen 65% in 3 months - with the price rising to 225% in a mere 11 months--- meaning in the next 5 years corn will be over 3300 dollars usd in value the government doesnt need to create a...
Corn Fundamentals: Yesterday’s weekly export inspections came in at 1,073,972 metric tons, right in line with what we saw for the same week last year, 1,076,668 metric tons. Yesterday’s crop progress report showed good/excellent conditions at 64%, unchanged from the previous week. Iowa leads the way with a rating of 81%. Illinois had the biggest weekly gain of...
It's a risk-on day in the outside markets with many sectors catching a tailwind on a softening U.S. dollar. Corn Commitments of Traders Update: Friday's CoT report showed Managed Money were net sellers of 21,693 contracts, shrinking their net long position to 151,174 contracts. Broken down, 16,972 was long liquidation and 4,721 were new shorts. Technicals: Corn...
An abundance of drivers influencing the Ag markets. Together the Funds and Commercials create a very liquid environment that trends up, down, or sideways. During certain times of extreme macro and/or fundamental influences their combined forces move away from a market looking for fair value to a market driven by fear. Fear can cause strong trending moves higher...
Corn Fundamentals: Consolidation continues to be the name of the game, which was actually encouraging yesterday morning when many other commodity markets were full on risk-off. To us, that indicated good underlying near term strength in the market as we inch closer to the weekend. Technicals (September): Not much has changed on the technical landscape over the...
Corn price sentiment is turning bearish according to the GrainStats.com community. They have been bullish for the past 6 months and have been right. The question is if the bear trend is here to stay and will it continue into the harvest months. Time will tell, until then a crop still needs to be made for bears to capitalize on bearish positions.
Grain futures came out of the gates strong last night but are retreating as weather forecasts continue to change. This is to be expected this time of year. There is a USDA report tomorrow, but weather forecasts this week will likely have a bigger impact on prices. We will have estimates out later this afternoon. Corn Commitments of Traders Update: Friday’s CoT...
NB Watch the video I published on corn sell I explained my trade in more details. I will give you an IDEA/EXAMPLE how I am taking this trade lets base this on a $100 account: (A) Open 1x position SELL (B) Stop loss -$5.50 (5.5% loss of $100) (C) Take profit +$25.00(25% profit of $100) Disclaimer I not a financial advisor I am simply a retail trader sharing my...