Grains Journal

Johnny Walker · May 30, 2006

I did some extra research on oat fundamentals over the holliday period and I can see oats dropping down to 172- 174 based on Canadian crop reports. I will short oats again if it jumps up to 185. I am looking to go long Sept corn gain below 260.

Johnny Walker · May 30, 2006

Quote from t_ibby:

All,

I find your journal very interesting. I have been trading Futures Indexes for over a year and wanted to look at something different. I am a very technical trader.

Can you recommend any resources to read up on the fundamental side of trading grains? I understand there are certain USDA reports to watch out for but I am really lacking the knowledge of new planting and stuff like that.

Thanks!

Ibby

Start by reading this article to understand the usda reports.
http://www.usda.gov/nass/nassinfo/pub1554.htm

Here is the page with the actual wasde reports.
http://usda.mannlib.cornell.edu/reports/waobr/wasde-bb/

Here is the page with other crop reports for corn.
http://www.nass.usda.gov:8080/QuickStats/index2.jsp

Buy1Sell2 · May 30, 2006

Quote from t_ibby:

All,

I find your journal very interesting. I have been trading Futures Indexes for over a year and wanted to look at something different. I am a very technical trader.

Can you recommend any resources to read up on the fundamental side of trading grains? I understand there are certain USDA reports to watch out for but I am really lacking the knowledge of new planting and stuff like that.

Thanks!

Ibby

I don't really trade or research fundamentals at all unless you want to consider seasonality to be a fundamental. I generally consider that a mix of fundamental and technical. I only pay attention to the chart technicals and seasonality and would not be able to offer good advice on places to look for fundamental anlaysis/ideas. It is my belief that fundamentals are revealed in the chart as well as the human aspect.

ibby · Jun 1, 2006

Thanks for both your replies. I look forward to your future post.

Good luck in your trading.

Ibby

Buy1Sell2 · Jun 5, 2006

Still holding July Wheat, July Oats and July Beans short here. Will look to add positions on strength.

Johnny Walker · Jun 7, 2006

I still have not created any new positions in the grains. Fundamentals look pretty bearish for the near term due to great weather for corn/soybeans. I will be sitting on my hands and waiting for bottom, the only grain I am considering shorting is oats. Good job on the profits in wheat you must be raking it in.

Buy1Sell2 · Jun 7, 2006

Quote from Johnny Walker:

I still have not created any new positions in the grains. Fundamentals look pretty bearish for the near term due to great weather for corn/soybeans. I will be sitting on my hands and waiting for bottom, the only grain I am considering shorting is oats. Good job on the profits in wheat you must be raking it in.

Thanks, so far , so good. I think I could have covered Oats and Beans a few days ago and then reshorted, but it's ok!

Buy1Sell2 · Jun 7, 2006

I am looking for some kind of double top on hourly charts for Beans and for Oats so that I may short more. Until then, I will stick with the positions that I have. There is a potential for a short term double bottom coming on hourly wheat charts. If it occurs, I will take profits there.

Buy1Sell2 · Jun 8, 2006

Covered July Wheat here at 386.75. Roughly 34 cents profit per contract.

Buy1Sell2 · Jun 9, 2006

Quote from Buy1Sell2:

Covered July Wheat here at 386.75. Roughly 34 cents profit per contract.

Nothing like exiting just prior to another 12 cents profit--