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TFC Commodity Trading Forum

Re: Dec Corn/Back to the April Highs/Trades

I know why Dez corn pooped out at 684 today..is because some paid-off dumb-a** congressmen are allowing the new index funds to play are game. The indexers are to stupid to study the funnies...they use charts. At least the commodity hedge funds ( millions of dollars) knew the market...now the stock index funds haven't a clue with billions of dollars. One day weather will bite them the a**...as well as the rest of funnies...remember Amaranth (the largest lost in commodity trading history)? Funnies can run support and resistance real quick...for God sakes...anybody can draw a line. Anyway weather premium needs to back in corn. Commercials defend corn with funds buying back. The point is I would not trust S/R levels in a weather market....and if you are a chart trader... STAY away from weather markets.