Monthly Archives: July 2013

WZ-CZ Spread widens to 1.98– Did you buy it at or below 1.80??


About 10 days ago, I wrote that I liked buying WZ selling CZ. That spread was dancing around 180-175.   If you bought it when

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Why Bearish New Crop Beans?


November bean chart:  When we couldn’t take out 13.00 and make a run above 13.40….. That was a big sign of weakness.  When we

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Short Sep Dow agains 15500. Short Sep SP’s against 1690.00


Above is a chart of Sep S&;P futures.  It could break 100 handles from this level and still be in a bull trend.
This

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Week Re-Cap

1) The Sep/Dec corn spread came in again another 2 cents, to go off at 16 cents.  Not long ago it was at 42.  I

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Sep Dow Futures Down 119 as of 10:05: TAKE PROFITS ON SHORT FUTURES

Currently trading at 15,367.  If you are short from an average of 15,500,  you have 120 ticks of profit. That’s 1200 bucks per contract.  Take

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CZ hits bottom of Channel at 4.75

Cover another 1/3 of corn short position here. As I write this we are at 4.79.  4.75 was the bottom of the channel.

 

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Short Sep/ Long Dec spread finally rewards after 5 cents of heat

First off,  yes; when CU/CZ rallied above 40, I took off 2/3 of the position. I really thought we could have a bounce to 50: 

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CZ Searching for a Bottom: Hold your short positions, take profits or roll down protective buy stops

CZ Looks to test 4.75. If that doesn’t hold, then $4.60-$4.50.Just an FYI.  IF the bulls throw in the towel,  why can’t we see $4.34

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Brazil sends us beans. This sends Old Crop beans to the wood shed- limit down

Brazil sends us beans. This sends Old Crop beans to the wood shed- limit down. August beans traded as low at 13.92 1/2.    I covered

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Position Update on Corn and Bean Shorts

On July 9th, I suggested selling that rally in CZ up to 5.30 and I had resting orders to sell August Beans at 15.10 if

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