The easy money has been made on November soybeans longs in my opinion. I am not calling for a top and do think futures will work higher but the risk is increased as futures have advanced 19% in the last three weeks lifting futures near 11 month highs. Perhaps a better play is buying other […]
A broken clock is correct twice a day…and just sometimes when we look for a bounce or retracement the market delivers. In the last two sessions the Ags have jumped and as of this post corn has climbed 5.7% in the last 2 sessions, soybeans is 4.2% off its lows and wheat (my current pick) […]
Relative (ratio spread) trades can work if one commodity moves in the proper direction big and the other does not move at all, both underlying commodities move in the correct direction small but consider this two separate trades and the misconception that spread trades are less risky than an outright is flawed in my eyes. […]
Old crop (July) soybeans hit an eight month high after appreciating just better than $2/bushel, high to low, over the last four weeks. And volatility has not been lacking, with an average 44 cent daily trading range over the last several sessions. It appears the bulls are starting to lose control. Long upper wicks, on […]
