Trading Recommendations For Trading Futures

By Marc Nemenoff
04 June 2009 @ 10:28 am EDT

Grains: Yesterday July Beans were down 27 cents, Corn down 17 and Wheat down 52 cents. Over night Beans were 15 higher, Corn 5 higher and Wheat 11 higher. Wednesday was a particularly strong day for the dollar which had a negative effect on just about every commodity, especially the Grains and Metals. We remain long out of the money calls and/or call spreads in July Corn with the intention of holding the position through the June 10th Crop Production Report or until/if July Corn trades above the 455’0 level. I will also be looking at Nov. Beans below the 1010’0 as a buying opportunity.

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