is it time to BUY some grains?

[filter]

price actions plus volumes seem to indicate some change happening.

 

[DrEvil]

Quote from filter:

price actions plus volumes seem to indicate some change happening.

My thinking on this. Get long Wheat and hedge your risk by going short Cocoa. I'm already in this trade.

 

[ProfLogic]

Wheat and Soybeans triggered long on Wednesday.

 

[Optional]

I think there is still some downside left...but it's very limited...
Am long new crop C and W, and short old crop calls...1:2, and 1:3, respectively...

 

[FattBurger]

All I see is lower lows and lower highs for the past 3 months. It could go to 3.00, whats the hurry?

 

[nazzdack]

Quote from DrEvil:
My thinking on this.......

?....??......!.....or just buy a few bags of Pepperidge Farm Milano cookies instead. The profit/pleasure is immediate.

 

[DrEvil]

Quote from FattBurger:

All I see is lower lows and lower highs for the past 3 months. It could go to 3.00, whats the hurry?

The only reason that I would still be in the trade at 3.00 would be if my Cocoa short had balanced out my loss. It's all one big casino. Manage your risk.

 

[Hook N. Sinker]

Longer term there may be a positive divergence in wheat futures price charts.

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2864049 \img>

 

[illfuture]

New Crop corn (Dec) broke support friday. It will go down to around 3.05. History will repeat itself this year.

 

[increasenow]

you do know that Soybeans is heading for a break south through 9.3000 and below...I am looking for a good short entry tomorrow