I do appologize for being out of touch for the last few weeks. I have been tied up with the project of originating and organizing a commodity futures trading course for my readers.

I do appreciate the response to my survey although it wasn’t as good as I expected. I did choose 2 people who answered my survey, to sample my course for free. I am working on presenting a college style training course in the midst of a bunch of e-books.

One of the respondants to my survey was picked for free training because he asked me if I knew Robert Anderson. No I Don’t.
But I did look him up on the internet and I think I can teach you more than he could. There is also some guy named Ken Roberts that started main street trading. I think his course is a beginners course to lead you to his “Main Street Brokerage” where he can earn commissions. Don’t be fooled. Main Street charges full service comissions. Be looking for an email from me.

I also chose a person who has no experience in commodity trading. I want beginning traders to be as comfortable joining the same family as experienced traders. I don’t leave people behind. Hopefully the experienced traders won’t leave others behind either, because I want to have the best traders community of all time with our traders forum!

Richard and Dave will have my utmost attention at first as soon as I get my course particulars worked out.

But on to the markets!

The markets have been extremely volatile and I think i said last time that it may be good to sit on the sidelines for a while. Being in the business of futures trading does not give the security of a weekly paycheck. But when the time is right, your bank account will thank you.

Anyway, it would be suicide for an individual trader to enter the markets on a cash basis right now. I would only think about options right now especially if you are inexperienced, because you don’t have to deal with margin, or losing your house! With an option, you can control the same amount of contracts as a big company does but only risk the money you put up for the option.

There are some good option trading courses out there. I know of one I could recommend if you send me an email.

Chicago wheat futures were moving toward support last time, and I said if it broke support we could see lower prices, which we did. It is not looking like a major breakthrough though. The indicators are showing a good chance of an upward move soon.

Corn futures volatility has been harsh for individual traders. Ovrerall it looks like corn is ready to move up.

Oat futures have shocked me. This was the normal time for oats to move up but I guess the price was too high. That is exactly why we keep our stops placed. I think that oat futures had to move down before they could justify the normal move up. It still is not too late for the jump in oats, but it is risky. But I think other people know that too. Just keep your stops placed.

Soybean futures look good. I recommended sitting on the sidelines last time. Right now I would recommend a call option
in beans. The indicators are looking good, but the volatility is too high for normal cash contracts for the normal indavidual trader. Always keep your stops placed.

December Chicago Wheat futures closed Friday at 716.0

December Corn Futures closed Friday at 543.0

December Oat Futures closed Friday at 331.2

November Soybean futures closed Friday at 11.640

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Grain Commodity Futures Trading, Grain Commodity Futures Market Predictions