US Corn (ZCZ6)

Currency in USD
541.90
+14.90(+2.83%)
Real-time Data·

US Corn Futures Discussions

Closed my longs before FOMC from 527 to 537. Will go long again from 510 or anove 544
Definitely a bullish report, which does not mean price will only go up.my suggestion remeains to buy retracements. We should see higher prices even short term, and that would be a good chance to take profit and wait for a more substantial correction Cycle is bullish, dont short ags, it will be much easier to buy lower levels when seen Still long 526 and would take profit around 560-570 Next year prices could go above 7
A lot of fertilizers are imported through the Hormutz straight, these fertilizers will be out of stock next year, this will push this year demand and reduce crop for next year. So i still remain bullish and will buy any retracement
527 filled, 525 unfilled, small long no stop, still to be increased down around 510 if seen. Stop below 495 first target 562
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You can bet someone knows what is in the report and is acting on it. Good action for shorts. Still holding short two December. Was short four but did not like the resiliency of the market from going down. Also, given the massive corruption in the system, the chances of the USDA fanning inflation with a bullish report is likely small. We shall see ...
Not a good idea, as said before, small crops brings smaller crop, and the demand is strong
Bought corn today at 526 and sold it after the WASDE report at 539.
This week we have data incoming so i would trade light, favoring small long around 525 and down to 512. No stop for the time being as would hold very light positions. Expect WASDE to come with small crop becoming slightly smaller and strong demand. If that is the case price could go for new highs before these days of controlled retracement Picture changes and turns negative only below 495
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Closed small term shorts from 541 at 533 Will look for long at lower levels still, flat for the time being
Short, 520$ is my target
550 before 520
confirmed that on short term frames volumes are now above price so there is likely more chance for a short term correction. scenario remains bullish, i have opened some small shorts yesterday at 541, my stop is above 551, target 528 and 523. I will be buying still 512 - 510 area and down to 495 if seen (unlikely in my opinion)
Price is now fighting with volumes and need to overcome this obstacle in the 535/40 area, if this holds again, we go for new highs once again
I think it's going to be big profit taking to go with oil. I'm surprised oil is down to be honest.
I dont see much further upside for oil in the short term, and neither a clear correlation between crop and oil, i think mid term ags price will rise further no matter where oil will be
Lol this thing dumped when oil broke out then squeezed back up when oil came off.
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Volumes moving above price on short term frames, profit taking is starting, this means short term retracement that leads to lower buying opportunities. You can short if you want but be aware that main trend is still bullish. I am now flat and will buy in the 495-512 area if seen. Snall long order placed at 523 first
Dips bought again, picture is still bullish, every retracement is a gift
And i know its way too early now, but i see corn between 8 and 10 in 2027/28
On dec, 536 would be a good stop for entry 540-544. Don't think the gap will enter the chat for a while
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Being patient here - still short four - and resisting urge to sell more. Would have sold a couple more if it rallied into close - which it didn't. Record long Large Speculator positions - whose left to buy to push this higher? Still like the position even though looking at losses. Harvest - here we come! This market is hanging by a thread ...
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Thank you for providing your perspective. You raise a lot of good points. The idea that demand expectations are driving prices higher may be a factor I haven't appropriately considered. Hard for me to gauge demand. The crop harvest, the over-extension of large speculators to the long side, and the rocket fueled rise in prices are all very apparent. The fact that open interest is rising tells me that the commercials are more than happy to sell corn at these prices. They are not the ones buying or OI would be declining. Just have to see how this plays out - have to admit I'm very surprised at how resilient prices have been at these levels.
i would not even consider being short until volumes remain below price. As you see, every retracement is small and quickly being bought back. Picking a top, or a bottom is much more risky, difficult and costly than going with trend. If in the last 20 session one had bought any retracement, he would have made at least 50 winning trades. While shorting would lead to a losing position if not margin calls. I dont know if you use POC volumes as indicator but it clearly show the support of the price currently. We can name hundreds reason for this case or the bearish case, but in fact is JUST money that moves the market. So just go long. I think we could see this or next week a potential leg lower, maybe not, but if it goes there, be more bullish and dont turn bearish if you want to have good trades
And if you look at COT, especially on ags and commodities, remember that extremes positioning do not imply a reversal in trend, first because one or two weeks of positioning reduction usually re-ignite the main trend, and second because these extremes, especially on grains, can last much longer than a single small investor like us can stay liquid
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Amazing bulls!
Again and repeat, every dip is bought, even more evident during New York session
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Remain long at 536, moved my second buy from 526 to 521 and the last big one at 512. Stop 494, targets remain 580 and 630 first. Not sure my pending buys will be filled but happy to go long at lower prices if seen
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So its finally going down after taken loss
Still hasn't made a lower low
Going down ahaha, it’s going on since 2 weeks every day and you don’t understand these small retracement are just part of the trend? Just profit taking, one day it will definitely lose 2-3% and you will think it’s done…6 and 7 before 5, wait and see
I know you’re going to be pissed, but its hard ro tell if its a real trend reversal. More like guessing. Can be just one down day then squeeze up again the next. Plus oil is down today.
Kinda ironic if oil broke out and everyone covered their grain shorts then oil dumps again on a trump tacos
Bought on juni 1. and held through expiration with fantastic losses. Re bought next expiration same day for premium and recoveres some losses, sold in July. Then it dipped, wanted ro go long on 12th august but i had no more margin. Nonstop rally since then.
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I got wrecked, I'm out.🥲
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closed at loss. Staying out from corn
My suggestion is still, learn charts and study how to use POC before you commit to any trade. And if you really want to trade corn, buy the dips that will be seen, like i did today at 536. There will be more, but will all be buying opportunities. Another chart that has volumes below charts supporting the buying side as for today is Qualcomm, for example
I would also say look at each commodity. Every few years each will go crazy bullish then crazy bearish. Just go with the trend instead of going against it. I totally missed this ralky in grain but did long oil
Market go up, down or sidelines. Identify if big volumes are below price (bullish) or above (bearish). Buy dips in the first case, sell strenght in the second case. Stay out of sidelined market or everytime you have not clear what the trend is, because this means you will not have a plan. Use stops, and never stop learning. Its very difficult to be profitable, but Kamehameha does the same mistakes i used to do, trading on gut, feelings because price is too high or too low. Eventually being short corn at 530 and below will be profitable, but market time is now, not few months later…
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It will go to 490
and every day it drops and recover quickly, continous gifts but also clear signs of dips being bought. No need to search for a top when the strenght is evident. It will eventually start chopping but no need to anticipate anything
Deprnding on Hormuz it can go to $490 next year after going to $7 first with almost no pull back lol. Told you to look at the monthly chart. Once it goes parabolic there’s no deep pull back.
In other words technicals and overbought does not matter. You just made a bet Trump reopens Hormuz immediately. No idea ahat hapoens there. He can TACO or keep it going for a long time.
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514 first tp
Closed longs 543, buying again 536 and 526 if seen, then down to 512 stop 495 taget 580 and 610
536 also filled, second order 526 bigger, and last one 512
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Closed longs 543, buying again at 536 and 526 if seen
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Nice work!
I am not sure it will go down but i am sure buying dips will still work as long as volume are below price
Filled a small lot 537.5
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Very hard to trade this. It just keeps going up and over extended
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how do i get that information?
You find these indicators on trader view
And it needs at least months to learn to watch a chart, its not difficult nor easy either. Need to learn and study
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It just refuses to go down…
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even at 500 this is still crazily bullish. But I still stick to my stance that nothing goes up all the time
You will see when next round of data release, market clearly bets on a shortage of corn. And ags market can go one side for much longer than any rational idea would suggest…i think this could see 7 before it goes below 5 again
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No one can know for sure what any market will do but in my opinion further upside is unlikely. Stone X will be releasing their crop estimate either tomorrow or the next day - which should provide the impetus for the next move lower. They will likely come in the high 170's bushels per acre.
Stone x releases a survey, not real data. Charts, price and volumes show real data. Plus, market is not really worried about size, which could also be in line, but on demand of US crop, which will likely be higher than expected due to ukraine / black sea tensions and less availability from Brazil. Remember market is always right and most of us small traders, often wrong sided
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can corn go up non stop without a retrace?
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