{"id":19899,"date":"2024-06-25T12:39:02","date_gmt":"2024-06-25T20:39:02","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=19899"},"modified":"2024-06-25T12:39:02","modified_gmt":"2024-06-25T20:39:02","slug":"voice-from-the-tomb-legendary-grain-traders-seasonal-wisdom-revealed","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/voice-from-the-tomb-legendary-grain-traders-seasonal-wisdom-revealed\/","title":{"rendered":"“Voice from the Tomb”: Legendary Grain Trader’s Seasonal Wisdom Revealed"},"content":{"rendered":"
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In light of this weeks impactful \u201cGrain Stocks\u201d report out Friday morning<\/a><\/p>\n

by John Thorpe, Senior Broker:<\/a><\/p>\n

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This\u00a08 \u00bd x 11,\u00a0well worn, sheet of paper version has been pinned to the corkboard in my office for decades and is worth a share. Called “Voice from the Tomb”, I have noticed a web page dedicated solely to this Myth or Non Fiction? Lore or Fact? and his experiences following the execution dates.<\/p>\n

It\u2019s interesting to contemplate the prospective impact of following the note left to family members,\u00a0in light of some of the upcoming dates provided. What follows is simply a brief of the contents, feel free to google search the topic to follow the trader’s experiences, you too may end up saving the primary authors advice.<\/p>\n

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Voice From The Tomb<\/strong><\/p>\n

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This is the legend of a wise grain trader that made a fortune trading “seasonals” in the pits of the Chicago Board of Trade.<\/p>\n

“After his wife died, a millionaire grain trader dedicated his life to raising their children. The children were lazy and thought they’d inherit all of their father’s money. He felt that his children were wasteful and believed they took him for granted. When he died, all the money went to charity. All he left them in his will were the following dates of when to buy and sell. The will said that if they strictly followed his advice, they’d have the fortunes they always thought were going to drop in their laps.”<\/p>\n

So what is a “seasonal”<\/a>? “Seasonality often plays a part in determining prices for commodities in regular cycles throughout the year. Normal increases and decreases in supply and demand for particular commodities seem to occur every year in fairly consistent patterns. Commodity seasonal patterns might appear to be an easy trading strategy for commodities, but seasonal tendencies are just that – tendencies.”\u00a0Chuck Kowalski<\/a><\/p>\n

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