ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
On Wednesday, August 12, 2015, the U.S. Department of Agriculture (USDA) released its latest “World Agricultural Supply and Demand Estimates.” The news was treated as very bearish for corn. Teucrium Corn ETF (CORN) plunged immediately on the news. Source: FreeStockCharts.com The corn season’s first “survey-based corn yield forecast” came in higher than the trend-based forecast … Read more
Teucrium Corn ETF (CORN) soared on the day by 4.0% as commodities rallied across the board. The rally took CORN into its 50-day moving average (DMA) and an opportunity to take a profit on my trial run on short-term trades around my core CORN position. (I announced the buy here). Source: FreeStockCharts.com This first buy … Read more
A month ago, I wrote about the resilience of cocoa prices in the face of an avalanche of weaker agricultural prices. Given my opportunistic strategy for trading cocoa through the iPath Bloomberg Cocoa SubTR ETN (NIB), I laid out a price target for locking in profits on the latest trade. I have since sold my … Read more
Illinois Governor Bruce Rauner asked the U.S. Department of Agriculture to declare a disaster in areas of the state hit hard by flooding. He should have asked for disaster relief on behalf of all the nation’s corn. Illinois was the nation’s #2 producer of corn in 2014, but the potential damage from on-going flooding in … Read more
(This is an excerpt from an article I originally published on Seeking Alpha on December 30, 2014. Click here to read the entire piece.) After an additional dip, my thesis for playing another bottom in Teucrium Corn ETF (CORN) seems to finally be working. Since that article in mid-August, CORN is up 5.3% versus a … Read more