Corn down on impressive planting progress, but still lagging behind

The Contrary Investing Report

Investing and Trading News, with a Contrarian, Sarcastic Twist!

Corn futures have been whacked this week. Dry weather over the weekend helped farmers make impressive gains, but plantings are still behind. This may be a nice buying opportunity. All the “on the ground” intelligence I’ve seen still indicates this crop could be in serious trouble. These could be some deceiving positive numbers that are […]

Read More

Chuck Butler mentioned yesterday in the Daily Pfennig that, for the first time since 2005, Futures Traders are going long the US Dollar. 2005, you’ll remember, was the year of the dollar’s counter rally in this downtrend. Nothing goes straight up or down, so we’ll see if this is the start of some sort of […]

Read More

Note: This article was also published on Seeking Alpha. Bull markets, like college fraternity parties, usually begin in relatively quiet fashion – with small participation, initial awkwardness, and some doubters. In both cases, things have a tendency to quickly kick into gear when they are driven by supply and demand fundamentals – be it alcohol, […]

Read More

Open Positions Date Position Qty Month/Yr Contract Strike Call/Put Entry Price Last Price Profit/Loss 04/15/08 Long 2 JUL 08 Corn 605 628 1/2 $2,350.00 04/29/08 Long 1 OCT 08 Live Cattle 103.850 107.050 $1,280.00 04/30/08 Long 1 OCT 08 Live Cattle 104.350 107.050 $1,080.00 05/08/08 Long 1 OCT 08 Live Cattle 105.350 107.050 $680.00 05/09/08 […]

Read More

About Author

Brett

Hi, I’m Brett Owens – and I’m a financial junkie. My “problem” started incollege, when I got a little dose of the stock market – man, was I hooked…in no time, I was reading the Wall Street Journal religously.

Sign up for our Newsletter

Categories