BUY OPENING HARD
galloping 34's
talk about a big nothing....all dressed up and no place to go.....yet anyway...premature ejactulation
The weather is very bearish this week and next in Argentina and Brazil. This usually affects beans the most but can affect the corn market too. However, the market has not been trading SA weather recently, so I don't know if it will this week.
I will also add that these rains were there last week and are just a couple of day closer and confidence in them, which was pretty high last week is even higher now.
To maximize bearishness, they would have to be NEW rains, that were not there last week.
I am petrified of being short without a tight stop because news of a big Chinese bean purchase at any time will result in a double digit spike higher.
Waiting on big soybean sales announcement for a price spike which will be the opportunity to short beans.
The Chinese will buy very limited amounts of beans from the current crop
Beans did just barely hold their gap higher last week by 1/2c and corn solidly held its gap higher by 2c, so technically, they both look very strong, especially corn.
It would be great to have the weather line up with the technical pattern but its in the opposite direction right now.
I will have to add that on looking at the entire picture, Central Brazil is not going to get any rain over the next 2 weeks, with temperatures heating up a bit there.
If China doesn't buy a whole lot of beans and soon ( not going to happen), acres are going to go to corn. A lot of acres. A slide of a couple million acres to corn shouldn't be good news to corn bulls.
Sidelines $$$ Don't buy March corn till the low is above
$3.90 $$$$
Sidelines,cant say it enough,sidelines
I am a cash seller of remaining old crop plus some new crop
price is at the high compared to recent yrs due to strong local basis
I think the arrest of that Chinese lady in Canada may not bode well for any trade with china including grain sales. I also think we will plant more corn next yr, thus am forward selling new crop when I have the chance at higher local price.
Nice chart SS.
Corn looks pretty impressive technically with that gap higher!
Export inspections. Not sure what was expected. Down a tad from last week:
I enjoy a good "F" bomb as much as the next guy, but I don't think this is the place for it. IMHO
When the majority of farmers and small specs get bullish I get bearish
It is the job of the market to do the most pain possible
I have seen gaps from 3-4 yrs not get filled or not go higher if filled
ES and new crop planted corn acres is bearish
USA will have a pile of ES soybean and many more planted corn acres
Someday those soybeans will get dumped on the market by many farmers
i know..... sorry
buy the bugle-boy
ppppffftttt....
easiest solution in the world
come on... bring it on
implode me in corn
dude ... you are on your own.... timing
honestly... take me to the river
put me in the water
my nipples need itched
