Ramblings on commodity markets
There hasn’t been much good news to report from the last week. I’m still long in soybeans and wheat just waiting for a bounce that may or may not come. If wheat follows anything close to it trend over the last few months then I should still be alright, so long as it picks back […]
Keep calm and carry on. As the trading game winds to an end and issues with tradesim have sunk several students, I’ll take this time to keep a close eye on my existing positions. I’ve found that whether I’m up or down I pay quite close attention to prices when I’ve got positions open. I […]
I’ve taken a different approach this week. I haven’t paid much attention to the market news. Instead I’ve been focusing on the price movement and holding out for a technical bounce. After last week’s assignment I did watch a few additional videos on https://www.youtube.com/user/InformedTrades to try and pick up a bit more detail on technical […]
In preparation for Fridays USDA Supply and Demand estimates I place positions and price triggers on corn, wheat and soybeans. This time around the glitches in TradeSim seemed more random than usual. My corn transaction didn’t work at all. I placed my sell contracts and price limits to capture some quick gains (or abruptly limit […]
I’m anticipating a bounce in both soy and wheat. I expect soy will be a longer, slower bounce but I will possibly be offsetting my long wheat in the next few days. My long positions on January soy have in-prices of 1457 and somewhere around 1410 (we’ll see what tradesim decides). I don’t expect soy […]
My positions for last week’s Supply and Demand report came from a combination of articles and gut feelings. Wheat and Corn I was correct in predicting a price drop but based on the analysis of Farm Futures and The Progressive Farmer’s Technically Speaking, I was long on soy. (http://www.dtnprogressivefarmer.com/dtnag/common/link.do;jsessionid=BF9B401D526E0F4549C6C74BF5C1E2FD.agfreejvm2?symbolicName=/ag/blogs/template1&blogHandle=agtechnical&blogEntryId=8a82c0bc3a5e6fae013aa2f39e4602d3&showCommentsOverride=false) When making the call on soy […]
I don’t believe I picked up any new material this week but I will be watching Agweb.com closely to see if they release another pre-report summary of all the talk surrounding this week’s USDA WASDE report. I will also be spending a bit of time combing through the WASDE report page (http://www.usda.gov/oce/commodity/wasde/) to gain a […]
Research! In preparation for Fridays USDA report on World Supply and Demand Estimates I will be reading a fair number of blogs and articles. Leading up to Thursday night I will be placing some price limit orders to capture any volatility created by the report. I will likely be trading in corn and or soy. […]
This last week has been pretty slow on the trading front. I came into the week holding short positions on both March and January soybeans. I had offset my corn shorts the previous Friday and was just waiting for soy prices to swing back down to what I believed to be the low side of […]