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Zc1

Continuous CornA few things for direction on Corn after report. Some bias for more upside longer term, but the market has been saying not so fast lately. US Dollar: Usually trends lower into major China export programs (more so for beans than corn as China usually does not buy much corn) Trends higher after export program concludes. Some resistance ahead. A move lower would help grain exports…. COT: Commercial Net is tipping lower. Natural selling by farmer. (+) Commercial Shorts could be reversing to add to positions, typically places a low. (+) Commercial Longs have not been adding. Until they start adding I will remain neutral. (+/-) Funds are adding to longs. (+) **These indicators lag behind change in trends. But if we do trend after the report, It should help confirm a bigger picture scenario either way….
CBOT:ZC1!
by mtb1980
Continuous CornCorn – Weekly Cont: The 5.47 area had the most volume by price since the uptrend began. Did the recent bump give the Funds an opportunity to bail on their longs or does it prove to be an area of accumulation for funds and end users??? Weekly support at 5.21 needs to hold for the weak longs. Further key support at 4.98. Risk is 4.66-4.37. So far the cloud is acting as good support. Any further strength needs to see a weekly close above the 5.44-5.47 resistance. Initial target above 5.47 is at 5.88 and then 6.16. Current “Market Structure” is very sensitive. Downside Risk is 4.37, Upside Risk is any posted number up to 8.81
CBOT:ZC1!
by mtb1980
December CornPossibly put the highs in for Dec Corn here...as shown in chart, we faded the gains from the bullish July USDA crop report (which showed lower acreage) on better weather forecasts after wknd of the 4th...weather maps less threatening in corn belt as of late and is bearish feature for the next few weeks should forecasts confirm. Condition ratings expected to increase. Spreads are firm though and there is some support from Bean oil as the Canola mkt is experiencing production issues due to ongoing drought. This feature could have potential to pull CZ higher but I believe the upside here is limited. I expect CZ to trade down to ~520 range and b/c range bound from there.
CBOT:ZCZ2021Short
by King_of_Beans
🌽𝘾𝙤𝙧𝙣 𝙛𝙪𝙩𝙪𝙧𝙚 - we buy canned food for the New Year🚜ZC1! : 🕐 2W Most likely, wave (V) of the "Supercycle" degree unfolding the ending diagonal I-II-III-IV-V , in which the growth is in wave III . ZC1! : 🕐 1W The growth marked with ((A)) is most likely over, although one more local maximum is not excluded. Further, a rollback is expected within the wave ((B)) of III , which has the right to take the form of any corrective pattern. CORNUSD :🕐 1D When the correction forms appear, at the completion of the corrective wave ((B)) of III , I plan to take a closer look at a long position on one of the available trading instruments, as well as at companies in the agricultural sector. The wave marking in the double circle parenthesis corresponds to the green marking in the circle on the chart.
CBOT:ZC1!
by TradeWaves-EWA
2
How to make money online ?Now, before you get too excited about it, I am not selling you any course, products or even membership , haha. If you get spam mails, FB advertisments, text messages about how someone can make money earning 4, 5, 6 or even 7 figures income online, you know for a fact these things : 1. Millions of people have attempted to sell something online to make money (Only the top 10% or lesser really make good money, many are just struggling) 2. The notion that it is advertised as easy, no need software, special domain knowledge and yet can make more money than a regular job has enticed many to part with their hard earned money to these smooth talking course providers! I too had my fair share trying to hawk wares online but with limited success. I discovered unless you have a unique product that is in high demand (like this ), else you would need to have a differentiating point so that others would come and visit your site. So, in the past, I would search online everyday, read lots of news and articles trying to be the first to find the Holy Grail product , affordable and yet within my means to do the business. It was an uphill, stressful task. Then, after much hits and misses, I discovered trading and stock investment. Of course, I lost money , burnt my accounts thinking I could retire early (dreams some course providers would sell you)..... I did not give up for some reasons and persevere and am proud to say this has now become one stream of income for me. And the best part, I love this business. You see, in stock investment, you need not be the first to discover the company. That would be like buying IPOs , some like Amazon and FB or Macdonald would made you a millionaire but how many has that kind of foresight ? The good thing is anybody can catch the train to this path and at your own budget , time and risk appetite. There is something for everyone, that's the beauty. For example, late last year, I had plough aside some capital to invest in many commodities, from corn, wheat, soy, copper, silver ,gold to agricultural companies like Yihai Kerry, Wilmar, etc. I am thankful to God for he has once more blessed me abundantly. It is all about demand and supply ! The more buyers for this commodity, say Corn, the more the prices will be push up.So, you can be a buyer or seller online unlike the traditional mode of making money online - you need to be a seller only (you buy from wholesaler or manufacturer and in turn sell to retailers for a profit). And you need not put in a lot of capital to start this business, which is what I like about it. You can now buy shares in fractional shares, very affordable and with more brokers offering zero commission, you net profits is even higher if you get it right. And getting this game right is not difficult - just follow the trend. By that , I mean think big picture - who is the biggest, most popular social media company globally? Most would say FB , right ? Or in China, it would be Tencent who owns wechat and many other apps. They monopolised the market and that is why the government now is taking action against them. So, if you can't be an influencer with millions of followers to make the advertisment income, consider this option. There are tons of free materials online, videos , books in library, etc that can make you sounds like an expert. Then, there is of course, my favourite social site, TV which offers a plethora of services - cool charts to begin with and different authors for you to follow. You can cross check your own analysis with others and do paper trader for a while before you gain more confidence. Oh, did I say you need not be licensed to buy or sell shares ? I mean, other than the legal age required and you are not a bankrupt, the barriers to entry is really really low. There is no requirement on your educational background, job titles you held before, etc. The janitor can buy FB shares just like the CEO of a MNC company. No discrimination here ! Give yourself the opportunity and if you have any questions, ask around TV. Many people would be more than happy to help, for free. Have fun and enjoy the ride up ! Or down (if you are selling)
CBOT:ZC1!Long
by dchua1969
1
🍿 ''Bit''CORN keeps FLYING!🌽🌮🌾We knew we could have the rewards of a ''cryptocurrency trade'' with aq traditional, soft commodity and we knew that was Corn. Further to our previous idea the chart was agreeing with the statement and we are now half way through to the 918 target. So, allow me to call it ''BitCorn'' ps. Fun fact : ''Corn has proven itself to be one of the most effective alternative energy sources, placing it in the ranks of coal, gas, wood, etc. Corn is an excellent energy source because the corn cob is very dense and slow burning. Is corn an efficient energy source? Corn ethanol seems like a renewable energy source — a source that cannot run out — because corn can be planted again and again, and the energy in corn comes from the sun, not a limited supply of coal or oil in the ground. ... Most of this energy currently comes from fossil fuels like coal, oil and natural gas''. the FXPROFESSOR
CBOT_MINI:XC1!Long
by FX_Professor
1
New Highs in Corn Corn probes above $6 for the first time since 2013 Farmers will favor beans Keep an eye on gasoline and ethanol prices Corn continues to pop going into the planting and growing seasons- It’s all about the weather Backwardation as the market has high hopes for 2021 output In late April 2020, the corn price fell to its lowest level since 2008 when the continuous corn futures contract found a bottom at $3.0025 per bushel. The pandemic pushed prices lower across all asset classes. Corn is the primary ingredient in US ethanol production. The ethanol mandate that requires a blend of gasoline and biofuel in the US closely ties corn’s price to crude oil and gasoline. In April 2020, crude oil fell below zero to a low of negative $40.32 per barrel. Gasoline prices declined to 37.60 cents per gallon wholesale in March 2020, the lowest price since 1999. The price carnage in the energy sector and selling in all markets pushed corn to the $3 level where it found a bottom. Last week, corn moved to its highest price since July 2013 at nearly double the April 2020 low. Nearby May futures probed above the $6 per bushel level. Corn probes above $6 for the first time since 2013 On April 15, corn futures put in the most recent high when they traded to $6.015 per bushel on the nearby March futures contract. The chart highlights eight consecutive months of gains in the corn market as of mid-April 2021. A close above the $5.6425 level at the end of April will mark the ninth straight monthly price increase in the coarse grain. Open interest, the total number of long and short positions in the corn futures arena has been rising with the grain’s price. Increasing open interest as the price of a futures market rises is typically a validation of a bullish trend. Monthly price momentum and relative strength indicators are in overbought conditions, but they continue to rise. Monthly historical volatility at 22.31% signifies the rally is slow and steady. Corn futures are bullish, with the price at its highest level since July 2013. The next upside target is $7.30 per bushel, that month’s peak, which is a gateway to the 2012 $8.4375 all-time high in the corn futures market. Keep an eye on gasoline and ethanol prices The US ethanol mandate ties corn’s price to gasoline. The US is the world’s leading corn producer and exporter. Corn is the input into US ethanol processing. In Brazil, sugar is the input. Like corn, sugar prices have been rallying over the past months as the demand for ethanol rises with gasoline prices. The chart shows that gasoline futures rose from the lowest price of this century at 37.6 cents per gallon in March 2020 to the highest level since 2018 at $2.17 per gallon in March 2021. Higher gasoline prices have pushed ethanol to a multi-year peak. The monthly ethanol futures chart illustrates that the biofuel’s cost has risen to its highest level since December 2014 at $2.01 per gallon. Higher ethanol prices support higher corn prices. Continue reading the full article using the link below. Trading advice given in this communication, if any, is based on information taken from trades and statistical services and other sources that we believe are reliable. The author does not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects the author’s good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice the author provides will result in profitable trades. There is risk of loss in all futures and options trading.
CBOT:ZC1!Long
by Andy_Hecht