Market rankings for the option trader.

Wednesday commodity market rankings - 3/7/18, By Brad King

Since last week we have had lean hogs join the bearish ranks. We have recommended shorts for hedgers but think it may be a good spec position too. After a wild ride in sugar, it looks to be headed lower again. Be ready to reduce risk if we take out the recent lows. Of course this also goes for coffee, bean oil, and bonds.

It is looking like cocoa will be taking over for cotton next week on my bullish list. I am hoping for some weakness to pick up a new position soon. Although my bullish list is for the most part lower today, I am waiting for another push. Patience seems to bewhat is necessary to see if our trends continue higher. If you are looking to add to a position, soybean mealhas dipped a bit and there is a grain report tomorrow.

If you would like to position for long term trends in 2018, give me a call at 928-773-0472 or you may open an account HERE. Account applications can be completed at your convenience 24 hours/day.

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Bullish commodity rankings

  1. KC Wheat- Hold long calls or spreads.
  2. Soybean Meal - Hold long calls - add risk.
  3. Crude Oil - Hold long calls.
  4. Nasdaq - Hold long call spreads.
  5. Cotton - Hold long bull call spreads.
Bearish commodity rankings
  1. Sugar - Hold long puts.
  2. Treasury Bonds - Hold long put spreads.
  3. Lean Hogs- Hold long puts
  4. Soybean Oil - Hold long puts.
  5. Coffee - Hold put spreads.

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