Buy Corn Break, 3.82 &

Alan PalmerGeneral Commentary, Grains

Farmers and Traders,

ARP Wheat Pit, by Ann Ponce

This one is live now.  Boy how things change fast from yesterday to today.  We are down from 4.15 in two days but this presents a nice extreme from which has paid pretty well lately.  The olive is the genesis of trading which is why it is so hard.  Is this the corn drought play?  All bets off a few cents below last buy #.

Buy Dec Corn, 2 olives, 381. 3/4 & 379.5/8’s.  What is wild here is on this fast 33 cent break is I also have two other levels stuck in here too.  This should be powerful.

Keep a stop pretty tight but this may be the break to buy before this 1983 type drought starts which also in my book starts within days being a student of the weather as well as markets.

Not a lot of noise but a few specific levels you need to pay attention to now.  312 957 8248.

Do players play my lines here?  I think it is pretty clear these are some of the finest conditional levels, trendlines to enhance speculating.

I have 5 levels within 2 cents here if looking to catch a turn now.

 

Good Afternoon Traders,

From feeders to beans but now on this fast 8% break do you buy corn?  I have a few levels I’d like to share;

$381 3/4, and $379.3/4.  If you’re a user of corn, speculator or just want an inflationary theme in your portfolio I think this is a good a spot to buy and while this indicator that picks up on extremes I also have an unheard of three other levels all tucked inside these two buy levels.  Remember the $9.07 July Bean buy last month that fell under my “despised trade rule?”

The way psychology works is this, people usually are so bearish they do not want to hear about buying corn.  Is that the case today?  I feel if my 1983 style drought is still a real deal then it starts in days as a student of the weather, and trading.

Extremes are everywhere; look at hertz up 100% since USDA, HTZ but not my division, just chart patterns that appear in everything that plays havoc with the human mind.  Yes like your addictive phone.  Most of it is fake but how can you resist 1,100 scientist’s designing an “engagement’ feature?   It’s the scrolling that hooks you.

Let’s see with this corn as the commodity funds seem to be getting annihilated are now selling timed orders.  Use this to your advantage and turn off the TV all together.  Forget the dot plots also as this is designed to engage your mind in ways you would never think of.  I saw an app offering you to test your IQ for free.  No thanks, these are brain drops, from yours to theirs.