Playing Corn’s Pop

Published on
May 30th, 2019
Duration
13 minutes

Playing Corn’s Pop

Trade Ideas ·
Featuring John Roque

Published on: May 30th, 2019 • Duration: 13 minutes

John Roque, CMT, of Wolfe Research discusses his bullish thesis on a high-flying commodity: Corn. He breaks down the historical chart patterns, examines the recent price spike, and reviews how to play the situation. He also recommends a second trade idea with a bearish bet on the Russell 2000, in this interview with Jake Merl. Filmed on May 29, 2019.

Comments

Transcript

  • NR
    Nelson R.
    1 June 2019 @ 00:19
    I did not know about John before this video, I enjoyed his presentation and fresh perspective, bring him back RV.
  • JM
    John M.
    30 May 2019 @ 17:34
    Corn is up because of the poor weather in the midwest which threatens the crop! https://www.agriculture.com/news/crops/us-corn-planting-is-waaaaaaaaaaaaay-behind-usda-says and this: https://farmpolicynews.illinois.edu/2019/05/planting-troubles-worsen-progress-lowest-on-record-for-corn/ Too much rain and even when it stops you have to let the soil dry out a bit before you can put heavy equipment out there to do the planting. I don't find "trend" insightful but fundamentals i.e., weather, suggest higher corn prices ahead.
    • JM
      John M.
      30 May 2019 @ 18:13
      Weekly Weather and Crop Bulletin Report states that by May 26th: By May 26, " producers had planted 58 percent of the nation’s corn acreage, 32 percentage points behind both last year and the 5-year average." (see page 12) https://www.usda.gov/oce/weather/pubs/Weekly/Wwcb/wwcb.pdf I think this is going to be a big story in 2019.
    • AP
      A P.
      31 May 2019 @ 10:21
      Thanks John, one would have expected that with ASF the demand for grains would keep crippling soft prices but with those supply disruptions prices have gone the other way. So if you combine higher pork prices from ASF + softs you get a good case for something like the DBA ETF.
  • N
    Norman .
    30 May 2019 @ 16:59
    Great to see John on RV - he's one of the great technical analysts!
  • SV
    Steven V.
    30 May 2019 @ 16:50
    He should have studied the solar cycles instead, where he would learn about the 11-year cycle in soft commodities. His historical work is a joke and I'm rather disappointed that RV is running pieces like this.
    • CC
      CHRISTOPHER C.
      30 May 2019 @ 17:06
      Steve: Your comment is too harsh. John is a competent analyst with a decent record of picks over the years. Perhaps you can present your historical work so we can all learn and profit from your wisdom...