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TFC Commodity Trading Forum

Re: weather July 23-30 - repost/CJ

Hi CeeJay,
Thanks !!!
Not sure on Corn for the moment. It can't seem to break above 778/779, the long term resistance/highs going back to 2008 and 2011. Seems like a lot of resistance still there. I have had a few good Emini trades buying the dips and hoping to be on board if/when it breaks through. I never liked trading Corn because of the risk of limit moves, but here I think it is pretty safe as long as it doesn't start "pouring rain" in the Corn belt !!!! Sure hope you'll post up any signs of rain or cooling out there !!!!

On Ng I'm sort of at a loss. It made another run for 2.91 this morning and immediately bounced right back down to the 2.8 area.
Early storage estimates just starting to come out. Have to see where price migrates to as we approach Thursday.
I think Trades last chart paints a pretty clear picture of the major constraints Ng price has to tangle with !!!

Thanks, Lee