Large Funds Are Short Corn

11 Oct in Blog, commodity consulting, commodity trading, corn, futures, Mike Seery, oats, option trading, seeryfutures, soybean meal, soybean oil, soybeans, wheat

Corn Futures---Corn futures in the December contract are trading slightly lower for the 3rd consecutive session down 2 cents at 3.47 a bushel as traders are awaiting tomorrow's crop report with estimates of around 14.2 billion being produced in 2017 with an average of 170 bushels per acre as this market still remains on the defensive in my opinion.

Corn price are right near a 4 week low trading under their 20 and 100 day moving average as harvest is around 22% complete which is far behind the 5 year average of 37% due to some rain in recent days, but that should pick up rather quickly as I don't see any problems persisting for long periods of time.

Prices look to retest the August 31st low of 3.44 as that report tomorrow should send some volatility back into this market as the volatility at the current time is very low and that seasonally does occur during the month of October due to harvest as the large monetary funds are short 143,000 contracts as they are betting tomorrow's report will be bearish and that the trend will continue to the downside.

In my opinion I don't see much action for corn for the rest of 2017 but I do think 2018 there could be some light at the end of the tunnel to the upside, however look at other markets with a better monetary potential scenario.TREND: MIXED---LOWER–CHART STRUCTURE: EXCELLENT




If you are looking to contact Michael Seery (CTA—COMMODITY TRADING ADVISOR) at 1-312-224-8140 I will be more than happy to help you with your trading or visit

Skype Address: mseery TWITTER---@seeryfutures



If you’re looking to open a Trading Account click on this link



There is a substantial risk of loss in futures and futures options. Furthermore, Seery Futures is not responsible for the accuracy of the information contained on linked sites. Trading futures and options is Not appropriate for every investor.

Home  | Privacy Notice | Risk Disclosure | Contact Us

Trading Futures and Options on Futures transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

Past performance is not necessarily indicative of future results.

Trading results obtained by a client while trading a demo account may not be indicative of the results obtained
when trading a live account due to the fact that trades are not sent to a regulated exchange but they are sent
to a simulated off-exchange server.

© 2017. Seery Futures. All Rights Reserved.