I follow about a dozen other analysts in the daily flood of emails I receive. I will not name names but some have been relentless, ruthless bulls even as CZ has trended lower essentially since last September’s high at 6.65. 6.05 has been the high for the year. That came on New Years’ day. In spite of the fact that the trend is lower, every little rally is taken as the start of the new rally back to 7.00 corn. CZ had a rally up to 5.70 a month ago and we have ground lower since then. Today’s fresh 11 month low at 5.12 came […]
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Dow 16000?
Since November 15th , just 6-months ago June Dow Futures have rallied 3,000 pts. That’s a hell of a freight train higher. If you look at my old posts, basically since December I have have advised staying long, but with some cheap puts below playing for the eventual correction.
The “sell in May and go away” folks are taking the pipe here so far during the first half of may. 1462 has been the low. we’ve rallied 649 pts in 20 days. Not something those folks are probably publicizing or crowing about in their over priced news letters.
I am a believer in big round […]
11-month Low Settlement in CZ
Written by Chris Robinson
Corn: July corn settled up 11 ¼ cents at $6.52 ¾. December settled down 4 -1/2 cents at $5.19 ½ which is an 11 month low settlement. For the week, CN gained 16 ½ cents while CZ dropped 10 cents. The market today was fueled by traders buying July and selling December. This spread has popped since the May futures went off on Tuesday. That spread gained 16 cents today and settled at $133 ½. Five weeks ago, it was trading at 77 cents. […]
Cover 1/2 of remaining gold shorts and lower stops on rest of position
On March 20th, june gold traded up to 1618 /oz. 3 weeks later at 1323, Gold had dropped 295 bucks or 18%… That low was April 16th. Just a month ago.
Not surprisingly, we had a 50% retracement of that sell off, rallied up to and tested 1470. We danced there the first time on the 25th then traded there EVERY DAY FOR THE NEXT 12 TRADING DAYS. The last time we were there was last Thursday. IN the last 4 days, we finally fell off, as the longs through in the towel. Today’s low at 1390. That’s an 80 dollar profit for being […]
July Bean Rec
Take profits on 1/3. low so far at 14.05.
Short from 21.
Currently trading at 1414 last.
Look for a flush down to 13.84 as utimate objective. at this point, you should never do worse than a scratch on the trade on the other 2/3.
CER
Sell July beans at 1421 on this rally
Sell July beans at 1421 on this rally. Risk 8 to 12 cents. Look for a cover at 1394 and the 1388. Just a short term trade. 🙂 good trading
USDA Bearish
One word. Bearish. 12 year high in corn carry out.. 12 year high in supply. How we were not 30 or 40 lower in corn, I have no idea.
World wide carry for beans is 265… trade was looking for 225 to 230.
SN traded to top of its range at 1421 with a high at 19 1/2. We should be lower, in my opinion. I have my guys short.
Huge global production numbers world wide. They lower production/ raised demand and still came out with a 2Billion bushel carry out.
They lowered yield by 5 bu acre. They upped ethanol and Upped exports […]
5/8/13 Grain Summary
May 8, 2013
Corn: July corn settled down 7 cents at $6.33 and December settled down 7 ¼ cents at $5.32. Corn posted its high about 2:30AM overnight, posted its low at 11 AM and then bounced back about 6 cents through the afternoon on short covering. July corn basis remains strong as cash bidders try to pry bushels from farmers who are more worried about planting rather than merchandising. Corn is trading at 60 over in IL and 85 […]
Take profits in Gold and Corn shorts
Gold is 34 dollars off its high at 84. 1452 last We are down 20 bucks today at 14.52 Take profits and lower your buys stops. Downside target 1421 and 1401 Be a buyer at 1400.
CZ traded to a high at 5.70 currently we are at 5.52. 5.43 and 5.37 should be your objective to take more profits.
If you made money on these two trades good job.
CER
Short CZ13 at 567, 569 as per yesterday’s instuctions
Short CZ13 at 567, 569 as per yesterday’s instuctions. CZ settled at 555.
Take profits on half. that’s 13 cents a contract, or 650 each contract.
Lower your buy stops.
Downside cover targed is 5.34 and then 5.22.
Stay with your gold sales. Just make sure you have stop orders above.
CER