In this video I go over my thesis on why I am short term long the corn futures market due to the energy market picking up some positive momentum due to strong manufacturing data coming from the two power houses U.S. and China and how I think this could positively impact the price of corn due to it's use in ethanol. Higher crude oil prices can generally have a...
Chicago Board of Trade corn futures fell on Monday as traders took profits after steep gains the prior session and as favorable U.S. weather was seen potentially increasing acres planted this spring with the feed grain.
CBOT May corn settled 6-1/2 cents lower at $4.35-1/2 a bushel. The strongest rally in eight months last Thursday had lifted the benchmark...
Thursday marked the last trading day of the month and first quarter, which coincides with one of the more highly anticipated USDA reports of the year; quarterly stocks and prospective plantings.
The USDA estimates that there will be 90.036 million acres of corn planted in the U.S. this year, that was well below the average analyst estimate of 91.776 million and...
My PBOF chart is an attempt to identify, and be decisive, after a potential bottom has formed through with a good sequential 9 or 13 and triple exhaustion signal. Oscillator divergence and volume are clues to a potential bottom. Regardless they are are hard to bu into real time. But if it appears a bottom has possibly been established then I want to buy the next...
Corn's (ZC1!) price action since the COVID recovery in early 2020 is showcasing an amazing resemblance with the previous full Cycle of 2009 - 2014. This is better illustrated on the 1M (monthly) time-frame. Both started the Bull phase on a roughly +175% rebound on the 17 year Support Zone, topping on a Higher Highs (which was a Bearish Divergence with the Lower...
When the calendar turns to March, gardeners get itchy to plant things. Experience teaches that it's often a good idea to hold off.
The above chart shows that corn traders who were willing to wait until late April 2023 stood a much better chance of profit, both on the long and short sides, than those who jumped in during March. The weather markets of late Spring...
There’s no beating around the bush - the fundamentals for corn remain bearish ahead of Thursday’s USDA report. Last month, USDA caught many by surprise revising ‘23 corn yields to record-highs of 177.3 bushels per acre. Since then, corn futures have continuously grinded lower. But, could a short-covering rally be in the offing soon?
Per the last CFTC...
- The market has been moving within a bearish channel since the beginning of December 2023, prices are therefore following a bearish trend in the medium term.
- Since the last impact on the bottom of the channel at $436.30, investor appetite has clearly returned, leading the market to a strong rebound. This change in sentiment was also confirmed on the DMI...
If you're looking at corn futures waiting for the price to bottom out, you might have a while longer to wait. Recall that prices didn't firm last year until the end of May.
Yes, prices are lower now, but they've only just breached the high end of the USD3.00-4.50 range where they spent most of their time for several years after 2013.
For now, we'd leave it in...
Good luck folks.
I believe what is to come in the near future is creeping upon us. As I sit here and look at what’s around me. The amount of food sitting in stores gives the illusion to be easily deceived. Think of this as a Judas Swing of the entire story and narrative. I pray for the future
In this video I go over my thesis for swinging short the corn market via Corn Mini Futures. I believe this is a rare and strong indication of lower prices due to the technical, fundamental even sentimental outlook on this market. I believe it is overwhelmingly bearish and sellers have a strong argument for lower prices.
CBOT:ZC1! CBOT_MINI:XC1! AMEX:CORN
One of the most challenging & frustrating tasks for a trader,
is to define with a rules-based (systematic) methodology,
and identify (on a real-time basis),
when a market is in a trading range.
Using the MACD-v both of these goals are achieved.
The market is defined as being as "Ranging"
(one of the Core 7 Range Rules/States)
when the MACD-v is between the -50...
One of the most challenging & frustrating tasks for a trader,
is to define with a rules-based (systematic) methodology
and identify on a real-time basis,
when the market is in a trading range.
Using the MACD-v both of these goals are achieved.
The market is defined as being as "Ranging"
(one of the Core 7 Range Rules/States)
when the MACD-v is between the -50...
Fundamental Data👇
🌽Corn Marketing Year Progress (23/24)
▓▓▓▓░░░░░░░░░░░ 25.61%
Export Inspections 🚢➡️🌎
406,680 Metric Tons (A marketing year low)
⬇️ 194,388 Metric Tons week vs. last week
⬇️ 92,388 Metric Tons this week vs. last week
⬇️ 391,474 Metric Tons this week vs. 5-Year Average This Week
Export Sales🗺️🫰
24,458,454 Metric Tons (Cumulative, Current...
📌 Note, First notice day for December futures is November 30th, if you want ZERO risk of delivery, you will have to liquidate or roll your December futures position by the close on November 29th.
Fundamental Data👇
🌽Corn Marketing Year Progress (23/24)
▓▓▓▓░░░░░░░░░░░ 24.06%
Corn Harvest Progress 🚜➡️🌱
▓▓▓▓▓▓▓▓▓▓▓▓▓▓░ 96%
Export Inspections 🚢➡️🌎
406,680...
