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Interesting Situation In Corn


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Corn Futures---Corn futures in the July contract broke a 4 day winning streak this Monday afternoon in Chicago blamed on profit-taking finishing down only 1 penny 3.80 a bushel.

In my opinion I think there's a higher probability that corn prices have finally bottomed out around the 3.70 level as I will be looking at a counter trend trade in the coming days or weeks ahead as we enter Spring planting.

Massive flooding has occurred in the state of Iowa and Nebraska as that could cause a problem, but it is still too early.

One interesting fact is that the Commitment of Traders report was released stating that the large money managed funds are short nearly a record 260,000 contracts as they added around 81,000 more in last week's trade as they still believe lower prices are ahead.

Volatility will certainly increase once spring planting arrives as traders will keep a close eye on weather conditions especially for corn as soybeans are planted until early May.

If you are looking to contact Michael Seery (CTACOMMODITY TRADING ADVISOR) at 1-630-408-3325 I will be more than happy to help you with your trading or visit www.seeryfutures.com

Skype Address: 5da1f85979b7117b

TWITTER---@seeryfutures

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Email: mseery@seeryfutures.com

If youre looking to open a Trading Account click on this link www.admis.com

There is a substantial risk of loss in futures and futures options. Furthermore, Seery Futures is not responsible for the accuracy of the information contained on linked sites. Trading futures and options is Not appropriate for every investor.



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About the author


Michael is the sole owner of SEERYFUTURES.COM which is a commodity futures and options consulting, advisory, and educational firm.

Michael frequently appears on multiple business networks including Bloomberg News, Fox Business, CNBC Worldwide, CNN Business, and Bloomberg TV. He also writes market commentary for several commodity websites and is interviewed for commodity comments by the Wall Street Journal. He is also a guest on First Business, which is a national and internationally syndicated business show.
 
Michael started his career in 1990 at the Chicago Board of Trade as a runner. He soon worked his way up to becoming a Series 3 broker. He works with seasoned traders as well as novice beginners educating them on trading the futures markets as well as using simple and complex option strategies. Michael covers all markets including grains, metals, energies, and all other futures markets that are traded.
 
To Michael the biggest lesson any trader needs to learn is risk management. Michael believes this is the most important factor in trading. He also works with traders to help them determine the proper risk for their trading style. Michael has spent a lot of time educating his clients to help them understand trading strategies and trading techniques while enjoying spending quality time with customers going over the markets or just talking general trading philosophies.

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