very bearish break below support zone🐻hard to consider longs here unless we reclaim support/488 level.. For now a dip to 350-400 is very possible before the next rally comes
boost and follow for more.. thanks! ❤️🔥
CORNUSD trade ideas
Corn Short, Technical, Fundamental and COT Analysis Current Corn Short
Entered originally, and admittedly prematurely, when we saw price touch the 61.8% fib retracement level.
Entered a short position last month as price has been steadily falling since June last year.
The falling price of corn is being caused by simply an overabundance of supply, and a lack of increased demand.
On the supply side, we have seen Corn acreage in the USA increase by ~10%.
At the same time, Brazil has also been growing record amounts of corn.
One of the factors which lead to Corns high in 2022 was the Russo-Ukrainian war and Ukraine's inability to export their produce. This is simply not the case anymore, as of now, Ukrainian exports have begun to pick back up to pre-invasion levels.
Demand has failed to increase with these pro-supply events.
Over the past four years we have seen American cattle herds, who are the largest consumers of Corn, slowly shrinking to lows not seen since the 50s. This is mostly due to an increase in local droughts which have made it harder to graze cattle, a preferable alternative to cattle feed due to the cheaper costs. This has caused the overall demands for Corn to shrink as there are less cattle overall to consume Corn and Corn products due to the drought.
Non-Commercial traders, as can be seen through COT filings, are a majority short Corn.
528,280 short positions are currently held by Non-Coms vs 295,676 longs.
Latest COT filings do show a slight increase in Net Positions (Longs-Shorts) compared to the previous. Possibly due to profit taking by Non-Commercials.
My Entry was based on Technical analysis, mostly an apparent Fib retracement. I saw price close in the "Golden Zone" on the 27th of Feb and as I am heavily Bearish on Corn, took it as an opportunity to enter short.
This entry was rather early and if I am closed, with my SL at 4.208, I will look to re-enter at a later date.
corn weekly breakout coming ?I see that in the last 2 major tops in Corn futures had significant pops at the .786 fib
retracement and never completed the H&S to baseline and my premise is that its baked in inflation and it will happen again truncated descent right here. Its in a wedge descending to a narrow point and ready to meander upwards steadilly or pop I also think food prices and corn are not in step due to export bans on corn from USA in many countries but I believe the balance is achieved now.
Corn trade this GAPHello friends, attached I have located a trade for Corn. Low risk, good profit ratio, short term. There will be a movement next week. Pleace set After a good Entry your SL in the Profitzone
Greetings and good luck
The Corn Market Rundown: Prices, Acres, and WeatherJust a heads up, I'm not a commodity expert, but I'm keen to give it my best shot. So, keep that in mind as we dive in!
Have you been tracking corn prices recently? You might've noticed a halt at the $7.15 level, a mark set last September and October. Likely, a lot of investors decided to take profits at this level. All this is happening just before Friday's acreage report, which many believe could significantly influence the market.
Expectations around this report are varied. Some anticipate a similar outlook to the last report in March. Others predict a significant drop in corn acres planted - think 500k+ acres less. If the actual numbers come in below market expectations, it should be a positive shift for corn prices.
In the grain stock department, the USDA surprised everyone with their last report. The grain stock numbers came in lower than what most folks expected, and it did stir the pot.
A critical factor that everyone is keeping tabs on is the condition of the crops. Currently, there's a severe drought in the Corn Belt, and we're experiencing some of the worst crop conditions since 1988. Some regions are even on track for the driest June ever. That's not exactly a record anyone wanted to break.
On a brighter note, weather forecasts indicate some much-needed rain is coming to the Corn Belt. The coverage looks a bit uneven, and it's challenging to predict the exact amount (1, 2, 3 inches, etc.). So the question remains, will it be enough?
So let's sum this up. We've got to pay attention to three key things: acreage numbers, stock numbers, and weather patterns.
Here are three possible scenarios:
Base Scenario: No change in acreage and stock numbers, and the Corn Belt gets the necessary rainfall.
Worst Case for Corn Prices: Acreage and stock numbers come in higher than expected, and the Corn Belt gets enough rainfall.
Best Case for Corn Prices: Acreage and stock numbers come in lower than expected, and the Corn Belt receives little to no rainfall.
Looking back at the corn price chart, the post-pandemic price surge seems to be slowing down. Some might even spot an angled head and shoulders pattern on the daily. If the price breaks below $5.70, it's not a great sign for corn. A further drop below $5.30 is even more concerning. If you measure the head and shoulders pattern from the head to the neckline, prices could potentially revert back to pre-pandemic ranges.
In conclusion, if you're considering going long on corn, or if you're a farmer, a scenario of lower acreage numbers, lower stocks, and little to no rain in the belt could open up a good opportunity to go long, book profits, or negotiate better contracts.
I hope this analysis helps anyone trying to navigate the corn market. As always, stay vigilant and keep those reports and weather forecasts close by!
Corn new weekly IDEAHello investors, I analyzed Corn in relation to the last bearish trend. Things were turbulent on the raw materials market and we will soon reach the lowest point, if we have not already reached it. I recommend trading all commodities as a risk-free investment, i.e. only trading X1. Currently, almost all agricultural products can be bought very cheaply. I wish you much success
Corn new wavesHello investors, check out my idea for corn. I mainly trade corn according to harmonious patterns. The hit rate in the 2 hour time window is very high. However, always remember to hedge your positions.
Corn Going Up after Bear Trap.Corn Going Up after Bear Trap.
Deep Bear Trap almost too deep to qualify.
All other factors present.
5x Move.
CORN - KEYLEVELS - 2DHere I am neutrally bullish, we see a (possible) double bottom, which if it breaks the next level of resistance, could bring buyers and even greater interest.
On the other hand, we must take into account that this correction is normal for grain, taking into account that the situation in Ukraine has calmed down and grain exports have resumed, thus all that growth since the beginning of the war, has now been closed and completed by a correction.
The price is also decreasing due to the fact that the grain harvest was done in August-September and the stocks are full, but with the time when we get closer to spring, the prices must rise again.
CORNHI Guys if CORN reach down 390usd probably I collect that for more than 15 % gain from its retrace action ........you see it is creating bearish flag currently.
Gooooood Luuuuuuck
CORN,4H, TIME TO BUY NOW ...hello EVERYBODY.....
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sometimes you can get chance to MAKE fast profit you found the right point to enter and exit...
so depending on the strongest support and resistance lines....
we have that chance now to open long position. to 6.21 then to 6.41
and our SL will be on 5.60
==============================
good luck
big trend support here as well 👀bounce here and break of 645 should lead to some nice rally, break of 600 round number support is bad news for longs imo.
boost and follow for more, thanks
CORN Short Supply And Demand IdeaSee Picture For Analysis:
Higher Timeframe (Weekly)
-Price inside weekly Supply-
-Trend = downtrend
-Price below 200MA
-Look for shorts on LTF (Daily)
Lower Timeframe (Daily)
-Daily RBD supply located at extreme of HTF weekly supply
-Valid for short or waiting for new LTF (1hr/30min/15min) confirmation.
-Strong confrimation.
CORN/USD LongPositive Confluence Factors... (15)
1. LTF and HTF direction in alignment? ✅
2. At edge of HTF structure (in green zone)?
3. HTF candlestick confirmation? ✅
4. Trade setup visible on multiple time frames? ✅
5. Break out of structure and a break back in present? ✅
6. Near miss present (below price if looking to get short, or above price if looking to get long)? ✅
7. Reliable looking sequence of flags present (if looking for further continuation)? ✅
8. Correction/s I'm looking to get long or short within and/or on the break of proportionate to preceding impulse? ✅
9. M style pattern present?
10. Structural approach to area of value? ✅
11. Fairly flat structure present? ✅
12. Expanding pattern present?
13. Equal spacing present? ✅
14. Clearly identifiable middle section present? ✅
15. Head and shoulders pattern present? ✅
16. Decent R:R available? ✅
17. No hook point sat just beyond stop loss? ✅
18. Protection available for your stop loss? ✅
Negative Confluence Factors... (1)
1. Counter to HTF trend?
2. Not at edge of HTF structure (in red zone)?
3. Trade setup only visible on one time frame?
4. Price only wicked to area of value on multiple time frames? ❌
5. Near miss present (above price if looking to get short, or below price if looking to get long)?
6. Unreliable looking sequence of flags present (if looking for further continuation)?
7. Correction/s I'm looking to get long or short within and/or on the break of disproportionate to preceding impulse?
8. Squeeze present (structure not parallel or expanding)?
9. Fairly steep structure present?
10. Very unequal spacing present?
11. No clearly identifiable middle section present?
12. Excessively voluminous middle section present?
13. Limited R:R available?
14. Hook point sat just beyond stop loss?
15. Entry around swap hours?
16. Entry directly before major news announcement?
Corn (I see the potential good R:R)View On Corn (2 March 2023)
We had an extreme sell down recenly and it has eatn some strong stop loss that are place near $630 region.
Now the support get broken but the price still manage to swing above that level.
So, I am expecting the recent sell down might be an stop hunt move.
If it is the case, we must be the return of Corn price and it can go to $650 region soon
Let's see
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" "Comment".
Thank You!
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Short term opportunities for cornHello,
Corn futures are contracts that allow traders to buy or sell corn at a predetermined price at a future date. The direction of corn futures in the next few years will depend on a variety of factors, including weather patterns & global demand.
In recent years, corn futures have been affected by fluctuations in weather patterns, such as droughts and floods, which can impact crop yields and prices.
Additionally, global demand for corn has been increasing, particularly from emerging economies like China and India, which are using more corn as a source of animal feed and for biofuels.
Overall, while there are many factors that can affect the direction of corn futures, it is likely that demand for corn will continue to grow, particularly from emerging economies.
Good luck in this short term trade.
CORN/USD LongPositive Confluence Factors... (14)
1. LTF and HTF direction in alignment? ✅
2. At edge of HTF structure (in green zone)? ✅
3. HTF candlestick confirmation? ✅
4. Trade setup visible on multiple time frames? ✅
5. Break out of structure and a break back in present? ✅
6. Near miss present (below price if looking to get short, or above price if looking to get long)? ✅
7. Reliable looking sequence of flags present (if looking for further continuation)?
8. Correction/s I'm looking to get long or short within and/or on the break of proportionate to preceding impulse? ✅
9. M style pattern present? ✅
10. Structural approach to area of value? ✅
11. Fairly flat structure present? ✅
12. Expanding pattern present?
13. Equal spacing present?
14. Clearly identifiable middle section present? ✅
15. Head and shoulders pattern present? ✅
16. Decent R:R available? ✅
17. No hook point sat just beyond stop loss? ✅
18. Protection available for your stop loss?
Negative Confluence Factors... (1)
1. Counter to HTF trend?
2. Not at edge of HTF structure (in red zone)?
3. Trade setup only visible on one time frame?
4. Price only wicked to area of value on multiple time frames?
5. Near miss present (above price if looking to get short, or below price if looking to get long)? ❌
6. Unreliable looking sequence of flags present (if looking for further continuation)?
7. Correction/s I'm looking to get long or short within and/or on the break of disproportionate to preceding impulse?
8. Squeeze present (structure not parallel or expanding)?
9. Fairly steep structure present?
10. Very unequal spacing present?
11. No clearly identifiable middle section present?
12. Excessively voluminous middle section present?
13. Multiple possible entry types?
14. Limited R:R available?
15. Hook point sat just beyond stop loss?
16. Entry around swap hours?
17. Entry directly before major news announcement?
CORN/USD Short• If price pushes up above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
CORN/USD Short• If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
Corn is at the critical supportAs shipping cost drops we see that corn , wheat , cotton are dropping fast. This is a disinflational signal OR a big recession signal. We will see what is going to happen after today's NFP and unemployment numbers. Corn is at a good support point. It may rise again if we see NFP is lower than expected or an increase in the unemployment numbers.
Disclaimer – WhaleGambit. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
CORNF Bullish ForecastCorn looks bullish with two price targets for a bias of 685.44, with the 676 pushing away from the demand zone.
Corn, waiting for the next pullback to go longLet's see if we get another pullback to 6.708$, which is the optimal entry for this Fibonacci compression. (you can find the indicator under my name)
First take profit is at 6.959, which gives you a risk to reward ratio of 3.
We're in an uptrend, so the trend is your friend ;-)
Happy trading!
CORN is a few green days away from long trigger break 👀on break of 705.6 look for quick push to 808 or so, boost and follow for more
