If you are a regular reader, consider becoming a client. The opening account balance minimum is reasonable. Right now, my firm is also offering a free 3 cent option plus commissions and fees. That’s a free trade, worth...
Read MoreToday’s high in January beans came within one cent of the 38% Fibonacci retracement at 14.47 1/2. this is a good place to take profits on any long futures or long options. there might be another 50 cents left to go, so I...
Read More$1,750 marks a 75 dollar an ounce rally in the past month. The October high nudged $1,800 then we dropped 125 bucks an ounce in 5 weeks… For you total return folks, that’s a 7% loss in value, followed by a 4% bounce...
Read MoreWe had a 550 pt rally in the last 5 trading days. I’d step aside from long positions now and I’d be looking to sell new highs on rallies. We could pull back down to 12,700 before I’d look to re-establish longs....
Read More12,939 is the 62% retracement of the sell off we suffered through, capped off by last Friday’s 4-month low tick at 12,436. We have bounced back 500 pts in a week. Exports in the grains were, in a word, bullish. Corn, Wheat...
Read MoreIf you have profitable futures positions in place in either the Stock Indexes or grains, make sure you put sell stops in place to gurarntee profits. We are seeing some weakness in corn, as traders buy wheat and sell corn and...
Read MoreSurprise, Surprise, The Chinese stepped in and bought beans, and oil on this break. Chinese imports were 445 tmt, up 46% year on year. China imported 4.03 mt of soybeans in October, up 6% year on year. Chinese soybean oil...
Read MoreWe’ve had a good recovery bounce from last Friday’s lows. Upside target for March Corn.== 757, 763 and then 766. There’s an old resistance trend line there which is a good upside target, and that would give us...
Read MoreWe have trade today, Tuesday. My guess is that Wednesday will be light and choppy and Friday could be the lightest trading volume day of the year. Because of that, I’d maintain a long bias, but I’d be trading very...
Read MoreJanuary beans have retraced 75% of the 5.00 rally we saw this summer. We’ve dropped over 4.00 in 2 months. I’d look at a 14.70 call for 12 cents for the next 32 days. Buy a Jan corn 7.70 call for 6 cents. For wheat,...
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