Loading ...commodity trading has always been like that ,its all manipulated because of the leverage ,its a scammers paradise .The only way to beat them is buy 1 futures contract then buy 1 In-the money Put of the Same expiration month .. Invariably they will spread a rumor about some crop problem to wipe out the specs. Every crop year they will lose the crop at least once…
Chicago is the worst place to trade COMMODITY’S ..MORE CROOKS THAN NY..Even if you place a stop below the lowest price recorded ,they will reach down and take you out and then run it up …I found the only way to beat them is to buy insurence with an in the money PUT of the same expiration month..Then they can run the stops ,run it up and down all day and your in the money put will keep you in the game until YOU want out …Iv done it and made some money ,but I figured better to deal with the crooks I know in NY ,than the ones I dont know in Chicago.