July 18 corn
Wayne Glassford - Tue Apr 18 2017 at 11:03 PM
I have been watching July 18 corn
That is a contract month for corn yet to be planted
Seems to me the price has not suffered any price erosion
I think too many are fixated on old crop corn
New crop seems to stay within a trading range, which tells me the market, for corn yet to be planted, is not about to make a move in any direction until more is known about this yrs crop, that is just barely started to be planted
Until more is known, I expect new crop to stay within the trading range
Might be a chance to trade the range, but a person would have to have extreme patience, for a 10 cent or less move over weeks
However, I see this as a low risk trade
Just look at the charts and your entry is very obvious, depending on how you want to trade the July 18 month
How often can you trade long, short or swing trade a market, with low risk
Nothing is risk free, but golly Grandma, bring on the possum and grits whilst I invite the banker, what's his name???
Better yet, you hold up a bit and show his wife how to skin a possum, so they can invite us over, for a feast
Maybe they got better fishing in their cement pond
I been wanting to get over there and find out what they hiding behind that fancy pasture fence
Maybe fish too big to fit in our little fry pan
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