Ag trade ideas

Got long D (Robusta) this morning for a shortish term trade based on short term technicals. Not much being risked.

Still waiting for a significant retrace in KC to enter and annoyed about my 2 tick "bottom" miss.
 
i960 said:
Besides drinking it, what's everyone's thoughts on Coffee (KC)? I took a speculative long at 1.2511 yesterday based on my read of chart technicals (falling wedge, 3-drive-ish, potential recent double bottom, fibs) and somewhat positives in past seasonality. Could have sold on the pop to 1.27 area but decided to keep holding towards a further out target (1.3315).

Might be a completely stupid move given how bad commodities in general (particularly KC and SB) have been crushed as of late, but that's what stops are for. Have a feeling I might be a bit early here though.
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Okay promise, this is my last whining about this - but fucking coffee today, man. I don't mind losing on a trade or flat out being wrong - but I definitely do mind missing out on a trade that I scoped out and didn't get filled on. My initial 2 entries were losses, my last resting order entry was 4 ticks off (1.1965) from the eventual bottom (1.1985).

Current price: 1.3350.

(And now I hear that Brazil's crop may be smaller than expected)
 
i960 said:
Okay promise, this is my last whining about this - but fucking coffee today, man. I don't mind losing on a trade or flat out being wrong - but I definitely do mind missing out on a trade that I scoped out and didn't get filled on. My initial 2 entries were losses, my last resting order entry was 4 ticks off (1.1965) from the eventual bottom (1.1985).

Current price: 1.3350.

(And now I hear that Brazil's crop may be smaller than expected)
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Use Market Order :)
 
What do you all think about commodity prices as a whole? I have read a few articles somewhat calling a bottom in the prices.

Also, I heard a rumor there were major issues with the Russian wheat crop. Anybody have any insight or heard anything on that?
 
Anyone watching the lean hogs? There is a huge spread between the August, which expires here shortly, at $77 and the December at $59. I have read there is some bearish news w/ Russia banning imports.
 
FCXoptions said:
What do you all think about commodity prices as a whole? I have read a few articles somewhat calling a bottom in the prices.

Also, I heard a rumor there were major issues with the Russian wheat crop. Anybody have any insight or heard anything on that?
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Russian wheat is really ok, it shoud be around 56 MT which is quite good. I think its already too late to get a bad crop.
Grains/oleaginous can go lower depending on the US crop. Price are not at a bottom, most of the farmers are still making money.
 
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