• 6 minutes WTI @ 67.50, charts show $62.50 next
  • 11 minutes Saudi Fund Wants to Take Tesla Private?
  • 17 minutes Why hydrogen economics is does not work
  • 5 hours Starvation, horror in Venezuela
  • 22 mins The EU Loses The Principles On Which It Was Built
  • 7 hours Desperate Call or... Erdogan Says Turkey Will Boycott U.S. Electronics
  • 2 hours Crude Price going to $62.50
  • 12 hours Anyone Worried About the Lira Dragging EVERYTHING Else Down?
  • 5 hours Chinese EV Startup Nio Files for $1.8 billion IPO
  • 17 hours Correlation does not equal causation, but they do tend to tango on occasion
  • 1 day California Solar Mandate Based on False Facts
  • 16 hours Oil prices---Tug of War: Sanctions vs. Trade War
  • 5 hours WSJ *still* refuses to acknowledge U.S. Shale Oil industry's horrible economics and debts
  • 1 day WTI @ 69.33 headed for $70s - $80s end of August
  • 16 hours Russia retaliate: Our Response to U.S. Sanctions Will Be Precise And Painful
  • 18 hours Monsanto hit by $289 Million for cancerous weedkiller
Alt Text

This Is Good News For South American Gold Miners

India, the world’s fastest growing…

Alt Text

Gold Prices Could Spike As India Resumes Imports

Gold purchases in India imploded…

Alt Text

Chile Sees Unrest In Its Gold And Copper Sectors

Major issues are emerging in…

Matthew Bradbard

Matthew Bradbard

I have over 1 decade of experience in the Commodities industry. Managing my own IB for over 5 years and my own CTA for fifteen…

More Info

Trending Discussions

Daily Corn Update - 20.11.12

For the last 2 months it has been like watching paint dry with sideways action in corn as the 50 day MA has capped every upside attempt. However that changed yesterday in March future as prices closed above their 50 day MA and then today we have probed the down sloping trend line that has held since August.

Daily Corn Update - 20.11.12

My suggestion has been to gain bullish exposure as I am targeting a trade north in the coming weeks. I’ve advised clients to use the Fibonacci levels in the chart above as their targets. My favored play is back ratio spreads. Just like I have advised traders to scale in I would also advise them to scale out on the way up.

Cash markets are firm across the board in Ags, which is supporting calendar spreads and helping outright futures move higher today as I think this could be a reversal in the making.  Farmers are not interested in selling and the only way for that to change is for the market to trade higher. Another rationale to why I opted for corn instead of soybeans even though the soybean chart is attractive is corn does not have the weight of a hefty S. American crop coming on.

By. Matthew Bradbard

To discuss in more detail this chart or any other you can reach me at:

mbradbard@rcmam.com or 954-929-9997

Risk Disclaimer: The opinions contained herein are for general information only and are not intended to provide specific investment advice or recommendations and are not tailored to any specific’s investor’s needs or investment goals.  You should fully understand the risks associated with trading futures, options and retail off-exchange foreign currency transactions (“Forex”) before making any trades. Trading futures, options, and Forex involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change without notice.  Past performance is not necessarily indicative of future results.




Back to homepage

Trending Discussions


Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News