The Road Ahead
Wheat seems to be approaching the bottom of its resistance band. Now might be a good time to take a long position, protected with a conservative limit in case of an unexpected decline in price. Corn has been very volatile over the last three days. It seems to be heading down but could spike just as easily. Soy beans continue to look weak; however, I will not be entering this market on basis of my historical performance in the market. Every week I’ve been in that market I’ve lost money. Call it what you will but I’m staying away from it like the plague for the rest of the semester. It’s not a crop I understand, and is no longer a crop I am willing to risk the performance of my portfolio on.
October 18th, 2012 at 11:55 pm
I had the same experience with soy bean. Staying away from it sounds like a good decision…Good luck!