 central - east central Minnesota - | Sat - 3/22/2013 15:56 I posted this a couple of days ago "Corn grow a little bigger balls today after testing 7.25 shortly after the opening ,,,,,this is the first time ZXK has had 2 SOLID,STRONG closes ABOVE the 100 day and the 18 and 45 are rising. Down trend line is a cent or two above the market but if it breaks it should try for $7.50ish High for the year is 7.474. Daily OI numbers have been pointing to funds adding to there net longs ! ! ! If your thinkin of moving some corn 7.45 may be a nice spot ! ! !" Now today keeps growing bigger balls even being down .07 I will hold off on re-hedging any new crop for now and after taken a look at the CFTC report K should re-test $7.50 next week. With OI numbers the last 2 weeks and spec long adding 52k long to 230k net long there's some pretty big bets being made to the long side of corn,more so old crop. OK,,,,,NO I'm not drinking and YES I'm bullish corn !!! Beans on the other hand,,, look DOA Tara since your the other perma bull what's your thoughts ? ? ?
Ok, at risk of sounding really stupid (not the first or the last), What is the "ZXK" ? Are you refering to ZCK (May 13 Corn) or is ZXK a different market / Chart ? Google doesn't show it, relating to Grains ~ TIA |