Grains 02 (Jan 14 - Dec 24)

Re: Grains 02 (Jan 14 - Dec 15)

Postby winston » Fri Jul 17, 2015 8:04 pm

Corn prices take off… up 24% over the past month.
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Re: Grains 02 (Jan 14 - Dec 15)

Postby winston » Wed Jul 22, 2015 7:57 am

It's Time to Take Profits on Our "Trade of the Year" By Jeff Clark

We're less than eight months into 2015. But our "trade of the year" is already paying off…

Last October, I said that 2015 could turn out to be the year of the corn trade. Since then, the price of corn has rallied around 25%.

Traders who took our advice to buy the Teucrium Corn Fund (CORN) are sitting on solid profits. But now, it's time to take those gains off the table…

Take a look at this updated chart of the spot price of corn…

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Back in October, the chart was forming a falling-wedge pattern. This pattern forms as an asset makes lower lows and lower highs, and the distance between the lows and highs gets smaller. This is a "bottoming" pattern that often leads to a strong upside move. That's what we saw with coffee back in 2014.

There was also positive divergence on corn's moving average convergence divergence (MACD) momentum indicator – a measure of overbought and oversold conditions. In short, as corn was making lower lows, its MACD was making higher lows. This was another sign that corn was ready to start a new uptrend.

That's exactly what we got. The price of corn bottomed at $3.20 per bushel last October. It's trading near $4.30 per bushel today.

That's short of the $5 price target I set last October. And it's shy of the red resistance line on the chart, which is at about $4.60. But it's still time for traders to take profits.

You see, successful trading isn't about squeezing the maximum profit out of each trade. It's about spotting low-risk entry points for trades, and then exiting positions as the risk of a reversal increases.

Following last month's big rally, corn is now extended to the upside. The MACD is more overbought than it has been at any time over the past year. And it's beginning to roll over.

This isn't an outright "sell" signal. The price of corn could still work higher – perhaps hitting the resistance line around $4.60. So there's another $0.30 per bushel potential profit in this trade.

But… the risk of a pullback is high.

The move in corn over the past month has been nearly straight up. So the closest support line on the chart is down around $3.70. That's a potential risk of $0.60 per bushel.

It doesn't make sense for traders to risk giving up $0.60 of profit just to make another $0.30.

It's time to sell and wait for another opportunity.

Source: www.growthstockwire.com
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Re: Grains 02 (Jan 14 - Dec 15)

Postby winston » Tue Sep 01, 2015 8:51 pm

Wheat and soybeans prices fall 15%-plus since July.
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Commodities - General News 03 (Jul 14 - Dec 15)

Postby behappyalways » Fri Sep 11, 2015 11:19 am

Food Prices Drop Most in 7 Years on Grain Glut, China Rout
http://www.bloomberg.com/news/articles/ ... na-concern
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Re: Grains 02 (Jan 14 - Dec 15)

Postby winston » Fri Oct 02, 2015 8:13 pm

Wheat prices are on the rise… up 6% over the past month.
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Re: Grains 02 (Jan 14 - Dec 15)

Postby winston » Thu Oct 08, 2015 8:08 pm

Corn prices jump 10% in the past month.
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Re: Grains 02 (Jan 14 - Dec 15)

Postby winston » Fri Nov 06, 2015 7:33 am

Food costs soar most in 3 years in October

Source: Bloomberg

http://thecrux.com/food-costs-soar-most-in-3-years/
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Re: Grains 02 (Jan 14 - Dec 15)

Postby behappyalways » Tue Nov 17, 2015 2:40 pm

Swelling Global Grain Glut Spurs Biggest Bearish Bet Since June
http://www.bloomberg.com/news/articles/ ... since-june
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Re: Grains 02 (Jan 14 - Dec 15)

Postby winston » Thu Dec 03, 2015 9:09 pm

Wheat prices are down 10% since November.
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Re: Grains 02 (Jan 14 - Dec 15)

Postby winston » Wed Dec 23, 2015 10:32 am

Will Soft Commodities Outperform?

By Shuli Ren

Whereas hard commodities have the dual problems of weakening demand and oversupply, soft commodities have only one problem – too much supply.

Regardless of the economic conditions, we’ve got to eat, although we don’t have to buy another car.


Source: Barron's Asia

http://blogs.barrons.com/asiastocks/201 ... utperform/
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