Ag trade ideas

TraDaToR said:
Long Lumber May @ 484.5.
- May has plunged more than other expiries
-Renewed trade wars with Canada
-Daily hammer candlestick
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I like this one, will probably get on board. I also like the fact there was high volume on the sell off on the 2nd and 5th of March then after that the support held at the 40 day moving average. The fact that there might be some catch up vs the other expiries is a bonus.
 
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TraDaToR said:
I960, you are totally right. When you read all the industry news everyday, you are tempted to put too much importance on it. This RFS summit with Trump was scheduled and I put too much weight on anything coming out of it. I am sure the path of least resistance is still up...
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and it closed above 1.50 yesterday. it was a good spot.
 
F...Lumber limit down...I need to stop trading outrights. It 's always the same. Every year I think " what about trading pure prices for a change ?". For a month or 2, results are good, I am encouraged. Then I lose it all and stop. See you next year for my next attempt...:confused:

Edit : At least I am out @ 476.6
 
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Back on ET
To try to do outrights !
Short ZM Q8 @ 383.2 because spreads are already down, Rosario soy is going down, funds are mega short. Soy stocks are still very high

And I think I ll go short Kansas wheat soon
 
You mean mega long? Not so sure about ZM but I would have shorted KE if I wasn't a recovering outright trader.

NB: WASDE is tomorrow. I would have waited...
 
I have just exited half my KW/ZW Jul18 @ 34.25.

KW is overvalued for sure... Against ZW? Not sure but I take half here. I bought @ 4 so it is a good trade no matter what...
 
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