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Stay Long The Corn Market

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Corn Futures---Corn futures in the July contract settled last Friday in Chicago at 4.15 a bushel while currently trading at 4.54 up nearly $0.40 for the trading week hitting a 5 year high. If you have been following my previous blogs you understand that I am bullish the corn market and I still believe that corn will break the $5 level soon.

I think the crop estimates are way too high at this time and with such a long growing season ahead traders are now putting a price premium in case of some type of drought or early frost that could devastate the crop. The large money managed funds are now long 147,000 contracts and I'm sure they're adding more to that position in today's trade as more rain might enter the Midwestern part of the United States this weekend as we await Monday's highly anticipated crop progress report.

The volatility in corn is very high and it will become even more violent in the coming weeks ahead as there is just so much uncertainty at this time as I see absolutely no reason to be short corn.

The fundamental situation is the complete opposite of soybeans which has the highest carryover in history as corns carryover dropped 800 million bushels in the last month and I think will go even lower as this market is very strong to the upside.




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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