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TFC Commodity Trading Forum

Re: limitup waiting on your grain expertise

He test me===lol
Looking for a correction on corn and beans...then a rally into the growing season....as I was leaning towards pre-report. This why I told Spike to wait until after the report. to revert back to a technical sell-off. The report was truly bullish beans and corn long term...but , this is a profit taking business. Always combine technical analysis (including outside markets --something many here fail to do) with fundamental analysis. If the USDA did not produce fake numbers then US carry would of been much lower...they still have not accounted for all the flooded acres from last year. Any glitches in the growing season, corn and beans could be lock limit up with ending stocks near historical lows. Demand is for old crop is not going to abate...unless there is a US mandate that purchases will have to be for new crop. Export sales continues to have surprises for this time of year and going forward. The June report is going to be wild one. Today it was buy the rumor, sell the fact. A real trader is neither bullish or bearish. ;)