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Search: Posts Made By: Schnook
Forum: Commodities May 17th, 2022, 06:37 AM
Replies: 294
Views: 69,855
Posted By Schnook
In addition to the above suggestions by myrrdin I...

In addition to the above suggestions by myrrdin I would highly recommend signing up for the twice daily market commentaries from Benson Quinn Commodities (wholly owned by ADM)

These guys work with...
Forum: Commodities March 7th, 2022, 06:35 PM
Replies: 294
Views: 69,855
Posted By Schnook
With May wheat locked limit up it's very...

With May wheat locked limit up it's very difficult to even guess where this spread ultimately trades, but I kinda want a piece of it. As myrrdin already mentioned, size would have to be small because...
Forum: Commodities December 7th, 2021, 08:11 PM
Replies: 294
Views: 69,855
Posted By Schnook
I stole this from Fertilizer Week on twitter: ...

I stole this from Fertilizer Week on twitter:

https://nexusfi.com/attachment.php?attachmentid=320394

It's not just ammonia. Potash, Urea, Sulfer etc. all at multi-year or all-time highs

The...
Forum: Commodities November 2nd, 2021, 07:17 PM
Replies: 294
Views: 69,855
Posted By Schnook
I thought this was an interesting chart ...

I thought this was an interesting chart

https://nexusfi.com/attachment.php?attachmentid=319305

Reminds me a bit of the old saying that the best fertilizer is high prices ;)
Forum: Commodities May 6th, 2021, 04:52 PM
Replies: 294
Views: 69,855
Posted By Schnook
Amen. Did the same thing two days ago on a bond...

Amen. Did the same thing two days ago on a bond trade and prevented a small loss from becoming a stupid loss. Also learned something new as I revisited my data.

Thanks for sharing your thought...
Forum: Commodities February 9th, 2021, 01:20 PM
Replies: 294
Views: 69,855
Posted By Schnook
I recently stumbled upon another excellent...

I recently stumbled upon another excellent resource for grains market commentary and analysis, from Benson Quinn Commodities. The commentaries are distributed via email, and if anyone is interested...
Forum: Commodities October 15th, 2020, 08:20 PM
Replies: 294
Views: 69,855
Posted By Schnook
I appreciate your posts, as I really do enjoy a...

I appreciate your posts, as I really do enjoy a good dialogue. I'm just trying to understand what you're saying. As mentioned, that chart doesn't show an x-axis label or any values (probably got cut...
Forum: Commodities October 15th, 2020, 07:05 PM
Replies: 294
Views: 69,855
Posted By Schnook
Hey Woody, First off, it's great that you've...

Hey Woody,
First off, it's great that you've got this strategy working for you. I hope that your results exceed your expectations. Unfortunately, I'm having a little difficulty following along. Your...
Forum: Commodities October 9th, 2020, 02:36 PM
Replies: 294
Views: 69,855
Posted By Schnook
Yes, but the market closed exactly where it was...

Yes, but the market closed exactly where it was trading just before the report came out. When bullish news is unable to move prices higher, it's fair warning for the bulls.
Forum: Commodities October 9th, 2020, 10:02 AM
Replies: 294
Views: 69,855
Posted By Schnook
Yes, thank you, I am flat. I will consider...

Yes, thank you, I am flat. I will consider re-entering after the report but only interested in selling weakness.
Forum: Commodities October 8th, 2020, 11:01 AM
Replies: 294
Views: 69,855
Posted By Schnook
Officially short beans. One contract :D Started...

Officially short beans. One contract :D Started as a scalp from 1061.25 and will manage risk fairly tightly (because that's how I roll) but may give it a little more room to run, and may also add,...
Forum: Commodities September 28th, 2020, 08:16 AM
Replies: 294
Views: 69,855
Posted By Schnook
Specs are now pretty long corn, and I am...

Specs are now pretty long corn, and I am officially flat. I profited on my swing positions but the story has played out. On to the next trade...

Could it be beans? Specs and managed money are very...
Forum: Commodities September 15th, 2020, 06:46 AM
Replies: 294
Views: 69,855
Posted By Schnook
Specs have officially covered their shorts in...

Specs have officially covered their shorts in corn and are now marginally long. I have, as of this morning, taken more profits on my position but still have one little contract left, which I'll hold...
Forum: Commodities August 14th, 2020, 07:53 AM
Replies: 294
Views: 69,855
Posted By Schnook
USDA was forecasting a record corn crop of over...

USDA was forecasting a record corn crop of over 15.2 bn bushels as September corn tested the low 300s. This week's storm has now been estimated to have damaged or destroyed anywhere from 200-400...
Forum: Commodities August 6th, 2020, 04:41 AM
Replies: 294
Views: 69,855
Posted By Schnook
Thanks myrrdin, I always appreciate hearing your...

Thanks myrrdin, I always appreciate hearing your perspective.
Forum: Commodities August 5th, 2020, 04:08 PM
Replies: 294
Views: 69,855
Posted By Schnook
Was that it? Was that the short squeeze I was...

Was that it? Was that the short squeeze I was hoping for? :sarcastic: Lame.

Large speculators went from a 235,000 lot net short in early June to a mere 100,000 lots last week. That still leaves...
Forum: Commodities July 8th, 2020, 01:41 PM
Replies: 294
Views: 69,855
Posted By Schnook
I'm not going to make it a habit to post all my...

I'm not going to make it a habit to post all my trades here (that's what journals are for) but since I posted those entries this morning I feel somewhat obliged to mention that I sold part of my add...
Forum: Commodities July 8th, 2020, 07:56 AM
Replies: 294
Views: 69,855
Posted By Schnook
I added back a few contracts this morning at...

I added back a few contracts this morning at 342.25 and 342.50 (market now 341.25 bid as I type) but will keep a fairly tight leash on these adds.

Specs have covered some of their shorts but I...
Forum: Commodities July 1st, 2020, 11:45 AM
Replies: 294
Views: 69,855
Posted By Schnook
I took profits on half my position in September...

I took profits on half my position in September corn at 349 1/2 and 352 3/4 today. Still carrying a small core long, though, as I think there's potential for additional gains in the weeks ahead. As...
Forum: Commodities June 30th, 2020, 12:58 PM
Replies: 294
Views: 69,855
Posted By Schnook
The squeeze is on. All those specs who shorted...

The squeeze is on. All those specs who shorted corn below 330 are definitely sweating now.
Forum: Commodities June 29th, 2020, 02:10 PM
Replies: 294
Views: 69,855
Posted By Schnook
Well it did go lower, and now we're up 12 cents...

Well it did go lower, and now we're up 12 cents from Friday's 316 lows on this:

"On Monday, the USDA released its Crop Progress Report that shows U.S. farmers have seen their corn crops improve.
...
Forum: Commodities June 24th, 2020, 06:23 PM
Replies: 294
Views: 69,855
Posted By Schnook
Yeah it's been trading heavy. Feels like it wants...

Yeah it's been trading heavy. Feels like it wants lower.
Forum: Commodities June 11th, 2020, 06:59 AM
Replies: 294
Views: 69,855
Posted By Schnook
Today's WASDE report could yield some additional...

Today's WASDE report could yield some additional clues about how the market is positioned. I'm not terribly well versed in the grains market fundamentals, so I would love to hear other traders'...
Forum: Commodities June 10th, 2020, 04:15 PM
Replies: 294
Views: 69,855
Posted By Schnook
This is probably a pointless exercise but just...

This is probably a pointless exercise but just for giggles:

On June 9, cumulative delta showed about 9,000 net sells while price fell 7 points from 333.5 to 326.5 (this includes the overnight...
Forum: Commodities June 10th, 2020, 06:23 AM
Replies: 294
Views: 69,855
Posted By Schnook
Open interest also increased by over 13,000...

Open interest also increased by over 13,000 yesterday alongside a bit of roll volume. Specs rolling and adding to shorts? If so could provide more fuel for the fire. Interestingly there was also a...
Showing results 1 to 25 of 31

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