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Veteran Advisor
Posts: 760
Registered: ‎06-30-2010
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Re: Floor Talk March 8

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Senior Advisor
Posts: 4,437
Registered: ‎06-19-2011
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Re: Floor Talk March 8

Remember my post a few days ago about the Gov. coming out with reports to manipulate markets and prices to stay where they needed them too. ANYONE?
Veteran Advisor
Posts: 3,058
Registered: ‎06-26-2012
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Re: Floor Talk March 8

[ Edited ]

yes, i'll speak up Shaggy. i do remember you saying this....they can temporarily manipulate mkts, but in the end, ---i believe Palouser would agree----the actual economics of a market will be revealed in cash for sure and in futures to a lesser or greater degree, depending on what the spec $$ wants to do.

 

let's use example of beans. bearish #'s on the surface-----so mkt reacts by selling for 7 minutes, only to give the strong hands an opportunity to buy the reality, if you will. do you remember bean chart i posted yesterday (it did trade a little higher than i had charted--but--) w/ a buy around 1450?

 

ScreenShot001.gif

 

 

 

Advisor
Posts: 1,363
Registered: ‎06-25-2010
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Re: Floor Talk March 8

CX1,

Man do those charts look crazy.  I sometimes do not bother with them.  I buy based on gut and price. 

Veteran Advisor
Posts: 3,058
Registered: ‎06-26-2012
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Re: Floor Talk March 8

[ Edited ]

I know you're not crazy about my charts, gio.....rather, they make you crazy.Smiley Wink

 

----sometimes they make me crazy, too.........and i override them w/ good or sometimes bad decision.

 

main point today is beans are telling us they don't believe USDA---trading back to unch

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Advisor
Posts: 3,819
Registered: ‎05-03-2010
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Re: Report timing

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roarintiger1,

 

Here are photos of corn harvesting in Argentina. This farmer was harvesting corn, today. The field was finished an hour ago (1:00pm CT) and the yield was 107qq/ha with a humidity of 16%. This is well above what the farmer had expected.

 

Argentina Harvest.jpg

 

 

Argentina corn harvest 2.jpg

Senior Contributor
Posts: 164
Registered: ‎12-29-2011
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Re: Report timing

Happy to see the corn action today and even soybeans recovered.  Have a good weekend guys.  This weekend has been a heck of a ride.  Time for some stress relieving adult beverages. 

Advisor
Posts: 1,181
Registered: ‎06-30-2012
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Re: Floor Talk March 8

yup. The low is in. Can't believe the USDA for a second. Wheat rallied off the face of record plantings/production and a negative day. USDA needs to wake the **bleep** up. 

Advisor
Posts: 1,363
Registered: ‎06-25-2010
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Re: Floor Talk March 8

[ Edited ]

Looking at the price and the gains today, looks like no one believed the REPORT or thought it was crap. Interesting trade for the next week.   I am still going long beans.

Honored Advisor
Posts: 6,030
Registered: ‎07-18-2011
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Re: Floor Talk March 8

Mike that corn does not look very healthy.   Like it dried out late.  Stalks looking like that here would be 12-13 moisture or lower.