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

Dec Corn Weekly *PIC*

Just a little anecdote to add to the on-going narrative about corn if I may. According this weekly data from Barcharts, Dec corn hit the 1.236 fib price mile marker today when it hit the 740 price. It has since backed way off and was at 707 the last I looked suggesting that perhaps NOW maybe speed of accent will slow a bit and perhaps consolidate some now that the 1.236 fib target has been satisfied. The next fib mile marker targets above, for those that are curious, according to my calcs are, 781, 815, & 848. If crop conditions are as bad as i've been led to believe, then sooner or later all the targets should eventually be hit.