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Veteran Contributor

Re: Beans better find buyers into the close

as posted here for weeks I had targets of 331.75 "looking at a chart' for dec corn from gaps and swing numbers. Also sept corn had a contract low of 329 why wont dec test that.

 

 

Charts are the bible, were we were and were we could go. Sorry if you dont beleive in them

 

 

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Advisor

Re: Beans better find buyers into the close

What ya showing for beans cap???
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Veteran Advisor

Re: Beans better find buyers into the close

Amazing how you can see so. Well into
The future.

Many of the producers just saw the late planting, less than ideal conditions, hail,
Floods, leached nitrogen, and frost and
Freeze.....

We see everything every day........

Do your charts see that?

Yet you laugh at us

We see the crop, you imagine it

To you everything is as you see it, depending
On who you chose to believe and pay for
Their opinion

If you boys are so smart, and the remainder of
Us are so dumb, how do you explain when
You are on the wrong side of the market?

We don't seem to dwell on that, like you are
Now crowing how right you are.
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Veteran Contributor

Re: Beans better find buyers into the close

425 cat

 

nov beans 957-952. under 950 we test 910 target. Bounces will get sold at 974-980 again

imho

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Advisor

Re: Beans better find buyers into the close

Well its Friday. Probably gap up or gap down monday
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Veteran Contributor

Re: Beans better find buyers into the close

"Did your charts see that"

HMMMMM market reaction is soooooo important.

Take the case of Frost,SDS China signing here yrly  bean contract and hmmmm new contract lows.

Harvest weather looks good. Wont be surprise the commerical doing weeken pre harvest selling today.

Market reaction is very important for bull or bear news.

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Senior Contributor

Re: Beans better find buyers into the close

Why do you waste your valuable time helping farmer customers? With the amazing expertise of commodity brokers, I would think the easy path to wealth and riches would be to use that knowlege to trade in behalf of yourself.

 

Of course I am making fun at your expense, but it seems like the all knowing brokers should have ample capital to put at risk in the market rather than working for a few petty commissions.

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Veteran Contributor

Re: Beans better find buyers into the close

I like my income coming 3 ways.

1) am a member of the CBOT and lease my seat

2) do trade my own account

3) broker comm

 

I have seen brokers just wanting to take the client money and turn that into his comm. Sorry but many that know me

can tell ya
I dont do that in fact many times I talk people out of trades.

There is no BS from this guy.

My father had clearing firm at the CBOT and CME. I was told to be clean, honest and upfront

with clients.

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Veteran Advisor

Re: Beans better find buyers into the close

Care to tackle the wheat market?

Down 13

Headlines bleating good harvest weather?

I don't think were cutting wheat!

Some wheat areas still not good

I'm told most elevators in the Midwest only

Took in half of what they usually get.

Please don't give me the story that corn

Will replace wheat feeding....first not that

Much wheat.......second, positive basis

On corn due to short supply....most corn

In the plains didn't make grain.

Yes, things may be different in chicagoland

But on the high plains....different, but

The traderrs just can't grasp that.

Much the same of the big hail storm

Spring, from York Nebraska into Iowa and

Mo. Huge swath thru good corn country...

How fast we forget.

One of the better traders I know went broke

In the markets. He tells me if a broker

Thinks he has all the answers, take your

Business elsewhere....nobody knows, and

You and the broker are both fools if you

Think you
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Advisor

Re: Beans better find buyers into the close

How many weak longs are still in the market corn beans wheat Cap???
And do you have the funds short position number in beans?? 100,000 yet???
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