Today, November beans rallied 22 cents off the lows right after the announcement of the plane crash in Ukraine. Once digested, the market reversed and headed lower. Today was a day where it was almost unavoidable to get stopped out. I entered the day wanting to be short the grain rally. We were stopped out. After the gyrations, the model took us from net long to once again net short.
We’ll see how tomorrow plays out, now that we have more geopolitical machinations on the 24hour news cycle. As of this writing , Israel has begun a ground invasion into Gaza. Its any one’s guess […]
Blog Archive
Selling Off – Traders Exclusive – Chris Robinson talks about the continued sell off and report that came out this past Friday.
Grains Bounce after Friday’s Debacle
July 14, 2014
Written By Chris Robinson
Corn: September Corn settled up 3 ¼ cents at $3.81 ½. After falling to a new low for the move in the electronic overnight session at $3.74, the contract trended higher, regaining 7 cents from that low. Crop conditions came in at 3PM and came in at 76% good to excellent. This is 1% better than last week’s 75%. Corn pollination was reported at 34% vs 15% last week. Focus will be […]
Grains Bounce after Friday's Debacle
July 14, 2014
Written By Chris Robinson
Corn: September Corn settled up 3 ¼ cents at $3.81 ½. After falling to a new low for the move in the electronic overnight session at $3.74, the contract trended higher, regaining 7 cents from that low. Crop conditions came in at 3PM and came in at 76% good to excellent. This is 1% better than last week’s 75%. Corn pollination was reported at 34% vs 15% last week. Focus will be […]
Last Friday’s USDA Moves the Grains
July 11, 2014
Written by Chris Robinson
Corn: September corn closed down 8 cents at $3.78 ¼. December new crop corn settled down 8 cents at $3.84 ¾. This is a fresh 4 year low as well as new contract lows for both September and December. For the week, September corn dropped 31 cents, while December dropped 30 cents. Both contracts left gaps on the weekly charts as well. The USDA report pounced on the market at 11 AM. […]
Last Friday's USDA Moves the Grains
July 11, 2014
Written by Chris Robinson
Corn: September corn closed down 8 cents at $3.78 ¼. December new crop corn settled down 8 cents at $3.84 ¾. This is a fresh 4 year low as well as new contract lows for both September and December. For the week, September corn dropped 31 cents, while December dropped 30 cents. Both contracts left gaps on the weekly charts as well. The USDA report pounced on the market at 11 AM. […]