The global food system is under siege from the escalating climate crisis, and corn, a pivotal commodity, is facing a particularly formidable challenge. Rising temperatures, erratic rainfall patterns, and the increased prevalence of pests and diseases are all conspiring to undermine corn production. This article delves into the intricate relationship between corn...
Sorry to break it to y'all, but the BTC chop isn't finished yet. I expect a drop to around the $40ks which coincides with the Nov 22 low from a momentum perspective, unlocking another 10 months of upside like we previously experienced. CAPITALCOM:US500 is the main cause of this, which will cause another capitulation event before assets break correlation and...
FOREXCOM:CORN has shown big upside move after a long term bearish trend. Currently, It's retracing towards an ascending trendline retest where we can look for buying setups
FOREXCOM:CORN has completed it's ABCD harmonic pattern and currently trading in potential reversal zone. We might see possible bullish move here and can try to look for buy side opportunities
FOREXCOM:CORN has completed it's ABCD harmonic pattern and currently trading in potential reversal zone. We might see possible bullish move here and can try to look for buy side opportunities
Momentum trading, a strategy as old as the markets themselves, has found fertile ground in the sprawling fields of agricultural commodities. As the seasons change, so do the prices of wheat, corn, soybeans, and other staples, tracing patterns as predictable as the migration of birds or the spring blossom. This paper delves into these seasonal trends,...
Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Bias should be still shorting it.But take note of the 440 zone. Do check out my recorded video (in trading ideas) for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools...
CORN has overextended correction to 5.74 from a high of 6.8. The overreaction is a bit on the unreasonable side with worst DROUGHT in years endangering world's supply. Price is back at 1.0 FIB level. This is beyond bargain / discount. Best to seed at this range. Based on monthly data, the 'trend shift' based on metrics hasn't changed. Reversal is on queue at...
Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Turning bearish on this one..wheat could be as well..it seems like trying to push lower with the toppish pattern that you are seeing on h4... Do check out my recorded video (in trading ideas) for the week to have more explanation in place. Do Like and Boost if you...
Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Why? will share my thoughts in my trading analysis this week. Technical wise yes,part of it. Do check it out ;) Do check out my recorded video (in trading ideas) for the week to have more explanation in place. Do Like and Boost if you have learnt something and...
Inflation is expected to rise again because the prices of staples such as wheat, rice, corn, and soybean meal have been increasing over the last two months. Additionally, we've seen a 20% increase in soybean meal prices since the low in February. Chicago SRW Wheat Futures & Options Ticker: ZW Minimum fluctuation: 1/4 of one cent (0.0025) per bushel =...
As April unfolds, investors and traders in the corn futures market find themselves at a critical juncture marked by seasonal trends and heightened volatility. Historically, April has been a period of growth in corn prices, driven by various factors including planting intentions, weather conditions, and demand patterns. However, the current landscape presents a...
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We've shifted our focus to the July futures contracts as the volume starts to increase there and decrease in May futures. May options expiration is this Friday, which means first notice day is next week. If you're in May futures, you may consider exiting or rolling those positions. Corn Technicals (July) July corn futures have traded on both sides of...
Corn Technicals (May) May corn futures tested the low end of the range in yesterday's trade and have so far been able to defend it, with prices working back higher in the overnight and early morning trade. We still like the risk reward trade to the buy side from the low end of the range. A break and close support would neutralize that bias as it could put the...
Corn Technicals (May) What more is there to say about the corn market that hasn’t been said already? The market remains range bound with daily ranges shrinking as of late, reminiscent of watching paint dry. The CME CVOL index which measures volatility remains near the low end of the years range. Typically, we start to see that increase this time of year, but...
It is official. Inflation is back. But not everywhere. Food inflation is on the decline. All three major crops, Soybean, Wheat, and Corn have declined substantially. Bearish sentiments rings loud across agri with ample supplies combined with solid harvest expectations. Among crops, corn has fared best. Its prices have not declined as much. Corn outlook is...
Grain futures are higher in the early morning trade as some as headline risk looms into the weekend. Corn Technicals (May) May corn futures are fractionally lower in the early morning trade as prices linger near our pivot pocket from 431 1/2-435, which just happens to be right near the middle of first support and first resistance. We like the upside...