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CORN

Long Term Prospects for CORNUSDThe CORNUSD, symbol ZC, is in a long-term Bear Market with price trading above the 50 week ema, but below the 200 and 800 week emas. The the long term emas are mostly flat, signaling accumulation / distribution. The price action appears to be finishing up the b-wave of a final y-wave down. This would correspond with a long-term commodities bottom expected in 2021. The Market is in a deep correction on the daily, with price above the 50 ema, which is below the 200 and 800 emas, with the long term emas pretty much right on top of each other and mostly flat, signaling accumulation / distribution. Price is topping out in the b-wave of a a-b-c sell-off. Expect price to trade back below 3.606 before putting in a bottom. There is a serious Seasonal nature to the Corn market. Prices bottom in early Spring and then shoot up in May time frame. The chart expected price pattern reflects that with what that means in terms of the Elliott Wave pattern. The Market was on the verge of being in a Bull Market on the 4 hour, with price trading back below the 50 ema, which is above the 200 ema, which is heading towards trading above the 800 ema. Price is now technically back in an correction. Would expect price to bang around here, testing emas, before turning down steadily in the c-wave of this correction. Probably open down next weeks, trade up towards the back end of the coming week to finish out an M-Top formation, before resuming the greater down-trend. This is my CORNUSD look ahead for my own trading purposes. FUTURES trading involves risk. Feel free to comment, but trade off of this post at your own peril.
OANDA:CORNUSDShort
by Cincinnatuus
CORN futures: Cycles, 200MA cross and a double bottom“Hmmm, whats corn up to?” Glad you asked. Looks like harvest is upon us. All commodities are cyclical, and agricultural commodities are seasonally cyclical. The red cycle lines go back to when Noah came off the ark and so you could almost set this to your clock. Now I’m not about to speculate what market conditions cause the price to normally rise in corn; go ask a farmer that question. This year however seems somehow different. I am absolutely expecting the typical rise and fall that happens every year. However this year seems to have set itself up different from all other years. The Price action has crossed the 200 week MA and has just bounced off it proving its support. In the process creating a double bottom. The neckline of the double bottom indicated by the red dotted line will serve as our breakout point. Now I would not be in the slightest surprised that once it hits that neck line we get a failure and a return to the lower blue trend line. This condition will create a triangle, ultimately increasing the potential upward pressure that the price will see once the cycle hits. In 2015, 2016, and 2019 the rise going into the cycle peak was very sudden and I believe that the triangle could present a condition where the rush could really push this thing upward beyond the long term resistance at 4.22. From where the price is today we’re looking at ~10% return if we have a return to resistance at 4.22. However given a triangle, a change in trend indicated by the 200 week MA cross this could indicate a very savage rise.
OANDA:CORNUSDLong
by MadButcherWA
1
CORN - DAILY CHART Hi, today we are going to talk about Mosaic Company and its current landscape. The Corn and Soybeans could (or not) give a sweet surprise for investors and U.S farmers as the Corn Belt it's poised to once more fall on Donald Trump grace, after a tough year for farmers, that already it's been hurt by the ongoing Trade War between U.S and China, and felt backstabbed by the government since the negligence of the government in obligate smaller oil refineries to respect the requiring quota of biofuel use, which resulted in a restrained demand growth and a squeezing of prices. Now, after the walk through the darkest valley, U.S farmers start to once more see the light as Trump, seeking to regain their trust and votes from the region that back in 2016 supported him to the most. The President has been using the so-called "phase one" of this attempt of Trade Deal to force China to buy $50 billion of their agricultural goods, Trump it's wanting so badly to reclaim its title of champion of the farmers that it's pushing to the signature of the deal, to be on the farmer state of Iowa. The only thing in the way is to the deal be concretized, which might just get a bit harder as Trump has signed Hong Kong Human Rights and Democracy Act of 2019, giving support to Hong Kong protesters, and most possible dragging China ire towards the U.S considering the sensibility of China regarding its internal affairs. Thank you for reading and leave your comments if you like. To have access to our exclusive contents, join the Traders Heaven today! Link Below. Disclaimer: All content of Golden Dragon has only educational and informational purposes, and never should be used or take it as financial advice.
OANDA:CORNUSD
by Igor-Silva
Corn: Short opportunity on 1D Death Cross and RSI.Corn has been consolidating recently following the 402 peak on 1D (RSI = 54.610, STOCH = 53.472, MACD = 0.760, ADX = 18.642) after the September Death Cross. A similar candle sequence took place in August 2018, when after a 1D Death Cross (MA50 under MA200) and a market Top, the price made a new Low (Higher Low on 1W). Since the RSI is on the same zone as then, we are expecting a decline towards 368'2 - 360'2. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
CBOT:ZC1!Short
by InvestingScope
2
CORN DAILY ANALYSIS - WHAT IS CORN DOING?Corn currently is stuck in the middle of this range. Nothing really to say here. Corn is currently in the upward phase of the trading range after failing to reach the bottom of the range. Best to wait for price to make a move at one of the orange S/R levels I have labeled. There are plenty of other setups for commodities trading this week! Please see my related ideas. I have analysis on Gold, Natural Gas, Soybeans, and Sugar. Daily trade analysis and ideas: Telegram: t.me Facebook: www.facebook.com Twitter: forex_dojo Instagram: www.instagram.com Website: www.forexshinobi.com ForexShinobi
OANDA:CORNUSD
by FXShinobi
USDA's corn, soy stocks figures fall below expectations Instant View: USDA's corn, soy stocks figures fall below expectations Stock Markets1 hour ago (Sep 30, 2019 01:41PM ET) CHICAGO (Reuters) - The U.S. Department of Agriculture on Monday reported domestic corn stocks as of Sept. 1 at 2.114 billion bushels, below the range of expectations in a Reuters analyst poll. The USDA reported Sept. 1 soybean stocks at 913 million bushels, also below the range of analyst expectations. The government revised its estimate of the 2018 U.S. soybean harvest to 4.428 billion bushels, down from 4.544 billion previously. In a separate report on small grains, the USDA trimmed its estimate of U.S. 2019 all-wheat production to 1.962 billion bushels, from 1.980 billion previously. The latest figure was slightly below an average of trade expectations. Chicago Board of Trade corn futures jumped to a seven-week high after the release of the reports while soybean futures extended gains and wheat futures also firmed. Highlights: * USDA stocks, wheat crop report summary * USDA pegs U.S. soy stocks below expectations * U.S. small grains summary report - USDA * USDA quarterly grain stocks report * Trade estimates for U.S. grain stocks * Trade estimates for 2019 U.S. wheat crop * Trade estimates of 2018 U.S. soy crop COMMENTS: * Jim Gerlach, president of A/C Trading: "These were the biggest (quarterly stocks) misses in history and not by a little, by a lot. Last year's crops were over-stated ... The cash market has been telling you for a long time that we didn't have a 2.4 billion-bushel corn carry-out." * Bill Lapp, president of Advanced Economic Solutions: "It was certainly a sharper reduction than the trade thought in the 2018 (soybean) crop. We saw the USDA reduce the final crop by 116 million bushels. That was the largest revision to the crop we've seen on Sept. 1. The fact that they missed it last year does not imply that this year's is going to be a big shock as well." * Jack Scoville, vice president with Price Futures Group: "The USDA is telling you that they overestimated the crop last year as much as anything. But at the end of the day, 2.1 billion bushels of corn and 910 million bushels of soybeans is still a lot of corn and soybeans out there." * Joe Vaclavik, president of Standard Grain: "The soybeans, that was a big deal on the balance sheet. Corn stocks number, too, was well below estimates. It's an aggressive cut, when most people thought we could actually see the USDA come in above the market expectations. This really caught the trade off-guard." * Ted Seifried, chief market strategist, Zaner Ag Hedge: "As far as corn is concerned, it was a bullish (stocks) number. This is a bit of a game-changer for the new crop. We'll be sitting at a friendlier level for ending stocks than what we were looking at on the September WASDE, when we get the October report." * Bob Utterback, president of Utterback Marketing: "The USDA comes out with a report saying we have 900-plus million bushels of soybeans, and that's bullish to this market. It's a sign of where we're at: We've gotten so used to these massive numbers (that) they've lost their shock value." * Terry Reilly, senior analyst, Futures International: "We were surprised that USDA didn't make an adjustment in U.S. corn production for 2018 because stocks came in much below expectations. It indicates demand for corn for feed was much better than expected." * Craig Turner, commodities broker, Daniels Trading: "Corn was the big surprise today. It's not wildly bullish, but it's not as bearish as everyone was worried about ... USDA today is taking away the 2 million bushels or so of corn that they said they found in the March report ... That has the market really focused now on yield: Will the (2019) harvested acres come down, as we're all expecting, and will the corn yield come down, even just a bit?"
OANDA:CORNUSD
by DORMAN5
Corn Futures ZC supply and demand forecast analysisSupply and Demand and any trading strategy can be quite overwhelming at times. When looking at the Corn Futures ZC weekly timeframe we can see there is a super strong weekly demand imbalance created around 3600. The strength of that demand imbalance is quite strong, we already have price reacting to it, we are expecting Corn Futures ZC to rally higher, there is a lot of room for Corn Futures to keep on moving to the upside. You can use Corn Futures options or various ETFs to trade Corn Futures as well, you are not exclusively limited to the Corn Futures ticker. We don’t need any specific tools to learn how to trade Futures or Corn. You can pay attention to Corn fundamental analysis or even Corn Seasonal analysis, but all that will be a lot of hard work just to learn that fundamentals where good to sell Corn Futures but you did not know there was a pretty strong weekly demand imbalance in control and you should have gone long on Corn Futures ZC instead of shorts. We can day trade and do intraday on Corn Futures as well. Supply and demand can be applied to any market and asset. Futures intraday and day trading is also possible by using simple rules that will help you locate brand new imbalances to trade. You can use other trading strategies to day trade futures and Corn futures. By knowing there is a very strong weekly demand imbalance in control, you can use other trading strategies to plan your intraday trades.
CBOT:ZC1!Long
by AlfonsoMoreno
Corn Sep 24 SHORTM pattern Looking at our daily continuous corn contract we will first use our indicators such as RSI, Stoch RSI, and MACD to determine possible directional position. Or RSI is heading down the slightest but has been at this high level three major times with no success to break through and has gone flat. Our Stoch RSI shows slight less buying pressure with the buy RSI above the sell RSI, therefore still showing slight, not strong but still bullish presence. Our MACD shows overbought conditions with our buy and sell looking to cross for selling pressure. (Only 1 real bearish signs with a reasonable half bullish indicator.) A 10R chart will show a more favorable move to the downside which will break it through the latest low. an upside move using this technique is unlikely due to previous candle strength after Sep 17 drop. We are in lower lows and lower highs pattern and are testing the third resistance touch with little strength to break out.
CBOT:ZC1!
by tonyinvests
Corn to make a Head and Shoulders Pattern? Bullish Agriculture!I have been trading the agricultural commodities much more lately. On a long term approach (investing) I am bullish agricultural because I see food supplies diminishing due to weather. Just this Spring and Summer, crop yields did not produce as much as before and according to information on Martin Armstrong's blog, farmers planted crops late in the East due to a lingering winter. I expect these weather uncertainties to keep occurring. Soil in the west is also diminishing. This can easily be remedied through things such as Zinc and other things like phosphate etc but don't want to get too scientific here. What this means is that in the future we will likely transition to indoor/greenhouse farming. Another bullish aspect is China. If you follow my work, I have said the only reason China would come to make a trade deal/truce is if their credit problem worsens, and if their food issue worsens. China has been hit hard with the swine flu and the army virus and the government is subsidizing food prices, especially pork. This could be a more short term/intermediate term catalyst. Onto the charts. A good confluence for Corn. We hit a major support/flip zone at around the 3.45 zone. You can see the downtrend with its lower highs and lower lows. They are well defined. Remember, by definition once a lower high swing is broken and we stop making new lower lows, the downtrend is now nullified. We either range or begin an uptrend. We can see the lower high swing at 3.60 was broken and also retested. Buyers are coming on here. On the daily we are now awaiting our first HIGHER LOW swing in a possible new uptrend which we could have here. This would make a head and shoulders pattern and the confirmed higher low swing once we break above the neckline at the 3.70 zone. Overall this is looking good. We could see a move up to the 4.00 level.
OANDA:CORNUSDLong
by Uncharted-FX
4