Issued: 02/03/2015
March corn:
1. The next important daily market top in March corn is Wed., Feb. 4 (+/- 1 day).
2. Continued test and daily close below $3.87, and worst-case $3.90 will place March corn in a ‘Sell’ position for multi-day decline and test/attempt at $3.75 (or lower) into later this week (week of Feb. 2).
3. Will update with further information based on the above as March corn confirms.
David Williams
Issued: 02/05/2015
March Corn:
1. As noted in our previous report, the next important daily market top in March corn was Wed., Feb. 4 (+/- 1 day).
2. The report noted that continued test and daily close below $3.87, and worst-case $3.90 would place March corn in a ‘Sell’ position for multi-day decline and test/attempt at $3.75 (or lower) into later this week (week of Feb. 2).
3. If short based upon the above indication, a protective buy stop should be placed now at $3.91. This stop will be lowered as the market continues to confirm.
David Williams
Issued: 02/06/2015
March corn:
1. As noted in our previous report, the next important daily market top in March corn was Wed., Feb. 4 (+/- 1 day).
2. The report noted that continued test and daily close below $3.87, and worst-case $3.90 would place March corn in a ‘Sell’ position for multi-day decline and test/attempt at $3.75 (or lower) into later this week (week of Feb. 2).
3. If short based upon the above indication initial short position exit should be taken at current prices (current price approx. $3.80).
4. Our protective buy stop has been lowered to $3.86. Will update.
David Williams
Issued: 02/06/2015
March corn:
1. Our protective buy stop at $3.86 in March corn was hit today, completing the trade. Will message any further entry in March corn if the market further confirms early next week (week of Feb. 9)
David Williams