Prayers to the Market
Ahhhhh Sunday. On Sundays we here at Trade the Farm @tradethefarm have three very important obligations: spend time with family, go to church, and get ready for the markets to open.
Some Sundays in church I find myself thinking about a certain large short future position and praying that prices will go down. Then I look around and see all the farmers in my congregation and I’m pretty sure that they’re praying that the prices will go up.
Sunday has always been considered a day of rest and while a lot of people take that day off, anyone in the ag- business knows that Sunday in America is Monday to the rest of the world.
Between a Friday afternoon close and a Sunday night open the market has its quietest time of the week, over 50 hours closed. That’s why Sunday can have some of the best trading of the week. Sunday is prime time for price discovery. Over those 50 hours there can be changes in weather, crop conditions, geopolitics, etc. In that same time your thoughts about the market and risk have also had time to settle in and coalesce.
CME Group, unlike Chick-Fil-A is always open on Sundays.
My Sundays are usually spent preparing for a conference call named Ag-Squawk @agsquawk, where ag-professionals and I get together to evaluate risks and possible opportunities for the following week.
At Trade the Farm @tradethefarm we always preach to our farmer clients that you don’t make money growing grain, you make money selling the grain you’ve grown.
With that said, time to get to work.
Whose prayers are going to be answered, mine or yours? Only God knows.
I hope you and your family are enjoying this Sunday as much as I am mine.
Feel free to contact me at any time 1-855-737-FARM.
There is a significant risk of loss in trading futures and options. Futures trading is not appropriate for all investors. Please read our full risk disclosure at www.tradethefarm.com