Grains Journal

Gentlemen,

Been enjoying reading your post. SInce you follow the grains was wondering if you fellows look at any spread trades ?
 
Quote from J-Law:

Gentlemen,

Been enjoying reading your post. SInce you follow the grains was wondering if you fellows look at any spread trades ?
More...

I used to do spreads, but while they are "safer" , they also take away full profit potential. Spreads are better in Hogs and Cattle where you could get whacked on a days on end limit lock move.
 
I went long Dec Corn 245. This is the beginning of my fall strategy of buying corn and adding on dips. I will switch to the July Contract at some point. I am way underleveraged at this point with no stop in place and the idea is to add positions and reap a large gain on a bullish corn position sometime before next May/July.
 
I should point out as well, that there are some bullish signs on the daily chart(not on weekly) if we close in this area today.
 
Quote from Buy1Sell2:

Still long the Dec Corn for now. Weekly chart still looks like down, so I will pay close attention.
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mmmm----Corn-----


My trade is against the seasonal tendency, but the daily chart says stay long. We are at some short term resistance, so we'll see. :)
 
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