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  #26  
Old 06-11-2019, 08:58 AM
AuburnKid AuburnKid is offline
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I got stopped out on one contract and after a fall on open, a small recovery jumped up so I sold to get out.
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  #27  
Old 06-13-2019, 07:09 AM
AuburnKid AuburnKid is offline
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I hate it when I figure out exactly what will happen but then chicken out, selling too soon, missing a $3000 day. I am back in with one wheat and corn.

Wheat commonly sells for a 75 cent premium to corn over the very long run. There is now a 90 cent premium. This is not a "very long run" type of year. Where corn is planted, there is a window of one week usually around June 10-20 where it must rain or the plants do not pollinate well. It is planting day plus so a certain number of days but that is not fixed.



Wheat gets you 60 pounds/bu corn 56 pounds, oats 32 pounds so it is expensive to ship.
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  #28  
Old 06-13-2019, 01:54 PM
AuburnKid AuburnKid is offline
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Dec wheat closed up 8 @ 550.25 at a level not seen since Feb. This is powerful as places like TD Ameritrade allow 4X margins for accounts > $15K but you must close your positions before the end of the day. As the day traders sold off, the big longs just kept buying.

Friday is tomorrow ahead of the weekend. Be prepared to take profits with a possible reentry Sunday @ 19:00
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Old 06-14-2019, 07:54 AM
AuburnKid AuburnKid is offline
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Classically trained chart users would call Tuesday's 20 cent rise the "flagpole" and the uptrending channel a "bear flag." I am going to sell later in the day. There is too much risk of a big selloff.

If the uptrend continues, the sky is the limit if corn hits 472, the 2015 high.
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  #30  
Old 06-14-2019, 08:18 AM
AuburnKid AuburnKid is offline
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The Dec wheat chart does not look as dire. The flagpole is only 10 cents with the bear flag 21 cents. I would call the wheat chart simply a nice uptrend. The trend is about 45 which I consider optimal.

The Dec corn+Dec wheat chart looks very good giving strength to the uptrend.
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  #31  
Old 06-16-2019, 07:14 PM
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Dec corn gaps up on Sunday opening

good sign
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  #32  
Old 06-17-2019, 06:08 AM
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I reentered the Dec wheat and corn markets, long 2 wheat, 1 corn. The wheat/corn differential is now 89.5 cents and rising. Two wheats are up $750 since last night.
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  #33  
Old 06-18-2019, 08:29 AM
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Mario Draghi just announced more stimulus could come, which immediately dropped the Euro against the Dollar, making it unfairly easier for them to compete against the USA. They have been getting away with this for years, along with China and others.

Grains fall because they are bought in US dollars. I am stopped out for a small gain.
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