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Time To Exit Corn

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Corn Futures---Corn futures in the December contract is currently trading lower by 13 cents at 3.80 a bushel as I had been recommending a bullish position from the 4.00 level as it is time to move on as this market has turned bearish.

Originally my stop loss was at the contract low of 3.63 as I'm not willing to risk anymore as the crop report that was released yesterday was extremely bearish as production numbers are right near 14 billion bushels as there was very little damage caused by the floods. Carryover levels increased substantially coupled with the fact that there is extremely weak demand for corn at this time so move on and become neutral as my only recommendation in the grains is a bearish wheat position.

Corn prices are trading below their 20 and 100 day moving average as the trend is lower as harvest is right around the bend as the grain market still remains bearish my opinion. The crop progress report was released yesterday showing that 57% of the crop is in good/excellent condition, but the fact that we're going to produce almost 14 billion bushels was quite a shock to this market as the crop looks to get larger not smaller in the coming weeks ahead so its time to look at other markets that are beginning to trend.




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




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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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