Ramblings on commodity markets
I learnt a very valuable lesson this week. When day trading, if you’re holding a position you need to always be paying attention to the price. On Tuesday I took 2 long positions on Soybeans, attempting to ride a very short term trend. On those contracts I was up roughly $200 dollars on the day. […]
This week my decision to trade corn futures was based on a trend in the data. In all likelihood next week’s trades will be mostly based on raw price data as well, but that’s not to say I’ve had my head in the sand. Bryce Knorr from Farm Futures publishes a comment or two daily […]
The coming week will be crucial in deciding whether or not to maintain my short on December corn. If early in the week shows steady rise that may be reason enough for me to jump ship. However if the week opens down it will reinforce my decision to stick with it. Aside from corn I […]
For my inaugural trade in agricultural commodities I took on the role of a technical trader. Based on the steady decline in corn futures since the end of august I predicted that this trend would continue and took a short position on December corn, buying in on Tuesday at 745’4. The most recent price Sunday […]
Enbridge’s proposed Northern Gateway Pipeline, if built will transport Alberta crude bitumen to Kitamat, BC where it will be shipped to Asian markets. The project has experienced an onslaught of public opposition yet many supporters can still be found, particularly in government and those involved in the oil industry. Recently however, it has come to […]