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Wyckoff's Weekly Grains Outlook: Planting Close to Complete

Wyckoff's Weekly Grains Outlook: Planting Close to Complete

29 May 2014
Jim Wyckoff Commentary -  TheCropSite

ANALYSIS - Corn planting is close to complete and during the short holiday week, markets are trading mixed, reports Jim Wyckoff for TheCropSite.

Corn futures have done some technical damage and may have put in a market top, according to Wyckoff. Seasonal studies suggest that once the markets starts to trend sideways they could continue to do so through the week of July 4th, he said. 

TheCropSite News Desk

IMPORTANT NOTE: I am not a futures broker and do not manage any trading accounts other than my own personal account. It is my goal to point out to you potential trading opportunities. However, it is up to you to: (1) decide when and if you want to initiate any traders and (2) determine the size of any trades you may initiate. Any trades I discuss are hypothetical in nature.

Here is what the Commodity Futures Trading Commission (CFTC) has said about futures trading (and I agree 100%): 1. Trading commodity futures and options is not for everyone. IT IS A VOLATILE, COMPLEX AND RISKY BUSINESS. Before you invest any money in futures or options contracts, you should consider your financial experience, goals and financial resources, and know how much you can afford to lose above and beyond your initial payment to a broker. You should understand commodity futures and options contracts and your obligations in entering into those contracts. You should understand your exposure to risk and other aspects of trading by thoroughly reviewing the risk disclosure documents your broker is required to give you.

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