Corn, Wheat and Soybeans

Quote from larrybf:

nice thread........good to know i am not alone trading somwthing other than currencies and stock index............
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I like the added benefit of trading multiple months for the same products AND trading different time frames. For example, eCorn has 10 separate tradable months as far out as December 2009.
Is this a wonderful country or what?!!! :D
 
Quote from ProfLogic:

I like the added benefit of trading multiple months for the same products AND trading different time frames. For example, eCorn has 10 separate tradable months as far out as December 2009.
Is this a wonderful country or what?!!! :D
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Corn is an excellent place for a new trader to start. Moves slow, few whipsaws, tight Bid/Ask spread so it is always easy to get out if you are wrong. Soybeans on the other hand . . .
 
Quote from Bingoking:

Corn is an excellent place for a new trader to start. Moves slow, few whipsaws, tight Bid/Ask spread so it is always easy to get out if you are wrong.
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The only catch is limit moves, which new traders generally aren't prepared for.
 
Quote from FullyArticulate:

To each is own, but I find this a great trade opportunity. Look at the +soy -(2) corn spread for the past few months. You can almost envision the group mentality:

"Oh no, not enough corn, buy corn!"
"Oh wait, no one will plant soybeans at this price ratio, buy soy!"
"But we have a lot of soy and no corn, buy corn!"

"Priced into the market" assumes an instantaneous and universal agreement. Intelligent people believe different things.

Take a look at the May/July wheat spread. You're telling me that on October 1st, the spread was worth carry and October 15th it was worth 80 cents premium, but now it's worth carry again and that move was entirely rationally "priced in"?

People panic, overreact, rethink their positions, and those are all opportunities.
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Bingo-----that is exactly right.
 
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