Week in Review
This week I was reminded again why I didn’t like the unpredictability of the corn markets. After trying to capitalize last week on what I thought was a weekly trend with an early week fall in corn prices, the Tradesim delays struck me, and I ended up instead observing different sorts of weekly trends.
Instead of falling at the beginning of the week, corn rose as the week went on.
Wheat, on the other hand, refreshingly followed it’s slight downward trend, which was again reassuring after some recent choppiness.
Since we learned last week about moving averages, I thought I’d take a look at the moving average of my longest-held contract, which makes me worry a bit about how that recent massive fall in prices will be responded to, if at all.
