ZC to Trend or Countertrend

[SoCalOptionsWriter]

Opinions on how much lower it can go and for how long?

 

[BKR88]

Opinions on how much lower it can go and for how long?

Farmers know their business pretty well and the majority think lower.
Fundamentals aren’t great.

https://twitter.com/x/status/1753037228446449853

 

[mikeriley]

Winter season cycle, expecting to turn
in March.

 

[Handle123]

Been short awhile since last year, Corn below area where system says to reverse to upside, will watch closer towards end of the month.

 

[SoCalOptionsWriter]

Sell some puts?

 

[maxinger]

Opinions on how much lower it can go and for how long?

My goodness! You have been sleeping for a year.

The recent downtrend started about a year ago.

Only a nuclear powered crystal ball will know how low it will go.

 

[maxinger]

Sell some puts?

When you enter &
when you exit will determine
whether you earn
tons of $$$ or
lose tons of $$$

 

[Quanto]

Opinions on how much lower it can go and for how long?

I simply bet that the current downtrend will last till end of June, with some temp rebounces in April.
Also due to the exorbitant rise of the food prices recently, including corn (ZC); 350 is the normal level, currently at 430.
It simply has to normalize (ie. mean-revert ) by coming down...

 

[BKR88]

Winter season cycle, expecting to turn
in March.

current downtrend will last till end of June

Seasonal pattern usually has prices trending higher until June.

rise of the food prices recently, including corn

Not much of a "rise" recently.

 

[CannonTrading_Ilan]

https://www.zerohedge.com/commodities/corn-drops-3-year-low-supplies-expected-surge-1987-levels


Corn Drops To 3-Year Low As Supplies Expected To Surge To 1987 Levels