Welcome to the TFC Commodity Trading Forum.
Please feel welcome to join in on these informative ongoing discussions about trading futures and commodities.

The Trading Forum is intended for the open discussion of commodities trading. The management of this Forum does not agree or disagree with the ideas exchanged, and does not exert editorial control over the message posted herein. Read and post at your own risk. The risk of loss in trading or commodities can be substantial. We discourage the use of this Forum to promote trading that is acknowledged to be risky. Please note: many links from the Forum lead to pages on other web sites. We cannot take responsibility for nor endorse the information presented on those sites.

TFC Commodity Trading Forum

Re: Corn prices higher/Randolf *LINK*

Well that chart doesn't mean much to me as it is not price action. And there is and always will be a fresh bullish and/or bearish 'story' to be told weekly just for everyone to jump up and down about. That's what the Ag types and media do for excitement. Makes for a great industry all around with thrills and chills weekly. All I know is the chart broke out on the ETF:CORN and is consolidating in a very bullish tight 4 day pattern above the breakout pt. This pattern 'tends to be' explosive. This ETF is 'roughly' equal portions of Sept/12 Corn/Dec/12 Corn and Dec/13 Corn. So the buy on the ETF is where it is presently above the breakout pt with a stop under the breakout pt. But it is just a trade not marriage. Technically looking good....so far...............

The seasonal trend chart with CORN is very bearish from mid June through Sept historically. So the seasonal trends are not in sync with present price action. Guess all the ducks can't line up at the same time. That would make it waaaaaaaaay too easy. Can't have that. See link bottom left.