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Occasional Contributor
Posts: 11
Registered: ‎09-01-2018
Corn is looking good ATM with potential for a rally
Regular Contributor
Posts: 167
Registered: ‎22-02-2018
There’s a good news section on the new platform which is so good for news on things which aren’t a priority on the regular news outlets (oil, gold etc). You can navigate by asset type / soft commods etc.
Esteemed Contributor
Posts: 2,148
Registered: ‎10-03-2016

I'm not sure what to make of these charts. Corn is sitting about it's historic base so plenty of room to the upside though has been a bit jumpy with the China tariffs drama over the last few days.

 

The charts look very cyclic with price rising in the first half of each year then falling away in the second half and the news section tells us the US midwest farmers are able to exercise an OPEC style release/withhold to manipulate price when they see fit which also confuses the picture.

 

Corn_20180407_13.13.pngCorn_20180407_13.14.png 

*** Intraday Price Action Scalping on FX Majors ***
Regular Contributor
Posts: 167
Registered: ‎22-02-2018
So you’re saying go bid in Jan every year? Smiley Wink Got it. Reminder is set.
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Esteemed Contributor
Posts: 2,148
Registered: ‎10-03-2016

The sell side looks the more consistent and presumably in tune with the affect of the weather on the timing of the crop harvest. 

 

Corn_20180409_11.16.png

*** Intraday Price Action Scalping on FX Majors ***