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The " Forgotten ' Futures .....
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The " Forgotten ' Futures .....

  #11 (permalink)
Greenhorn Trader
Austin, TX
 
Futures Experience: Beginner
Platform: NinjaTrader
Broker/Data: NT Broker
Favorite Futures: ES
 
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kevinkdog View Post
LSNED?

I belive that's "Learn Something New Every Day".

then again, it could be a Long Skinny Ned...

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  #12 (permalink)
Membership Temporarily Revoked
Memphis,TN
 
Futures Experience: Advanced
Platform: ThinkorSwim,FXCM, Ensign Software
Broker/Data: ThinkorSwim, FXCM
Favorite Futures: Futures, Forex, Options
 
mdsvtr's Avatar
 
Posts: 232 since Sep 2010
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kevinkdog, US Bond Trader, Pariah Carey ,empty .,.....

I appreciate everyone's feedback and input into the discussion at hand


yYah, I figured these markets had low volume and interest , since they're hardly ever discussed, or are classified as the big heavy weights... I.E. the ES, TF, GC, CL, etc..

My main thing I look for with regards to trading is, price patterns and pattern setups via various timeframe charts that I monitor and look at daily.
And so I see these setups and patterns on Milk, Canola, Rough Rice, Butter ( the low volume and less traded contracts )

And since the patterns I look for occur on these commodities, I was curious if there was enough volume and if they we're liquid enough to even consider trading

I'm right on the state line between Memphis and Mississippi

How long have you been a Memphis resident ?

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  #13 (permalink)
Elite Member
London, United Kingdom
 
Futures Experience: Intermediate
Platform: N/A
Broker/Data: Bloomberg
Favorite Futures: Energies
 
CobblersAwls's Avatar
 
Posts: 284 since Jul 2014
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I understand your curiosity as there are many commodities that we use in our everyday lives (milk/butter/orange juice/coal/steel/etc) that are available to trade on exchange.

The problem is that these commodities adhere less to technicals and more to fundamentals. You need to have access to a lot of simple yet obscure data that is not going to be so easy for a day trader to access and then break down. For example, I know a softs trader that specialises in cocoa and coffee. He has analysts on the ground in south america who talk to local farmers and will relay information to him each day on how crops are doing etc. They will also have local meteorologists who will be constantly tracking weather patterns in the region. These are just 2 examples of information not easily accessible to the average joe.

On top of this there will be a tonne of variables that affect this years corn harvest which will affect it's prices. Even then it's complicated. We may experience weather that 95% of the time leads to a bumper harvest. With so much expected corn on the market we could estimate that prices may fall and take a short position. However what we didn't consider is that due to a shift in consumer demand over the last decade, farmers have been replacing some corn fields with wheat and soy crop and so despite the fantastic weather, the corn supply will not be over-bearing, and the price of corn may not fall as expected.

It's certainly find commodities and trading physical products an interesting field and one I study in my spare time. I wouldn't trade them though unless working on a desk with access to fundamental data.

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  #14 (permalink)
Elite Member
Memphis TN
 
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mdsvtr View Post
I'm right on the state line between Memphis and Mississippi

How long have you been a Memphis resident ?

13 years almost! Jesus it's flown by. Not from here came here for school. And actually I live one county over but work downtown.

Someday, and that day may never come, I'll call upon you to do a service for me.
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  #15 (permalink)
Elite Member
Austin, TX
 
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kevinkdog View Post
LSNED?


GregLGTP View Post
I belive that's "Learn Something New Every Day".

then again, it could be a Long Skinny Ned...

Long Short and Never Enough Dough?

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  #16 (permalink)
Market Wizard
Houston, TX
 
Futures Experience: Advanced
Platform: XTrader
Broker/Data: Advantage Futures
Favorite Futures: Energy
 
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mdsvtr View Post
And so I see these setups and patterns on Milk, Canola, Rough Rice, Butter ( the low volume and less traded contracts )

And since the patterns I look for occur on these commodities, I was curious if there was enough volume and if they we're liquid enough to even consider trading

I traded some Rough Rice odd lots a few years back as part of a system was following. Market orders and stop orders had terrible slippage.

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