DeCarley Trading - Futures, Options, Integrity

DeCarley Trading strives to offer the highest quality futures and options brokerage services at competitive rates. Whether you prefer trading online via a state-of-the-art trading platform, or with an experienced commodity broker, we are confident DeCarley is capable of exceeding your expectations.

Full- Service

Beginning traders are recommended to take advantage of the benefits of full service in order to gain orientation of the markets and trading in general.

Broker Assisted

If you are a relatively experienced futures and options trader but would like to have access to a broker, you may want to consider a broker assisted account.


Are you an experienced trader? If so, you may not need a broker; nor do you need to pay for service that you won't use. If this is you, save yourself some money and go for this option!


Self-Directed Pro

If brokers and commissions just get in your way, this is the plan for you. The Pro plan is reserved for those with ample account funding and trading experience to require minimal broker attention.

Managed Futures

Studies suggest traditional stock and bond portfolios can be improved with the addition of managed futures, let us help to determine if portfolio diversification makes sense for you.


We are partnered with a system vendor who has conducted due diligence on a handful of system developers, and over 300 systems, which have proven to be relevant.


Grain Futures Market Analyasis

**There is substantial risk of loss in trading futures and options.

**Past performance is not indicative of future results

On the radar:

  • Grains in the aftermath of USDA and expanded hours

Corn and Soybean Futures

Corn and soybean futures have suffered in recent sessions on the heels of a stronger U.S. dollar, economic concerns (compliments of European debt issues), and what could be fund liquidation due to government induced margin hikes and position limit increases.  Also, fresh competition in futures clearing has lead to new trading hours and this isn't necessarily welcomed by all, and could be playing a factor in the need for funds to exit the grain markets.

However, in our view each of the bearish items previously mentioned could prove to be rather temporary.  For instance, new leadership in Greece and France causes a certain degree of uncertainty but it might not change the big picture.  In other words, it is quite possible that newly voted officials will find they have little power over the inevitable continuation of austerity and that could divert any major "risk off" plays in the commodity and financial markets.

Similarly, the U.S. Dollar has found itself in favor as of late but there are no guarantees the trend will continue.  Currencies are known for being rather directionless during the summer months and that should work in favor of continued range trade in the dollar and the Euro.  If so, a trip to the lower end of the trading range in the greenback should support the grain complex. 

Chatter suggests that there are significant concerns in regards to the expanded trading hours of CME Group grain futures.  The uneasiness arises from the fact that the new trading hours result in active trade at the time of USDA announcements.  Unlike economic data that can be assessed rather quickly, grain reports take some time to sift through the details and this has encouraged some traders to lighten positions.  In addition, the Obama administration has made a point to implement regulations to limit speculation (primarily in crude oil) through increased margin requirements for floor traders and  position limits.  Coming into last week, large speculators were holding record net long positions in soybeans (nearly 260,000 contracts).  As of Friday's COT Report, the net long position had been reduced by about 23,000 contracts, suggesting we've already seen a considerable amount of liquidation by the so-called "smart money". 


We suspect we could see more soybean liquidation, into the $13.80 area, but at some point fundamentals should come into play.  After all, Thursday's USDA report was moderately bullish and we doubt the tight supply scenario will be offset by any decrease in demand in the short-term at the hands of European turmoil. Additionally, the seasonal peak isn't scheduled to come in until late May or early June. If a rally ensues, the first area of resistance will be near $14.55 and then again near $14.85.  Should global equities and commodities (crude) provide outside support, we could see prices as high as $15.20.  

Although corn fundamentals aren't quite as healthy as soybeans, it is quite possible any strength in beans could help revive corn prices.  Also, corn likely won't be immune from a lower U.S. dollar.  If buyers come to corn futures, we should see a run to the top of the channel near $6.20, or maybe even $6.40.  If we are wrong, the next major area of support will be $5.40ish. 

 Corn Futures Contract Chart

Soybean futures chart

DeCarley Trading
This email address is being protected from spambots. You need JavaScript enabled to view it.
Click here for Carley Garner's Trading Education Books
1-866-790-TRADE (8723)

 *There is substantial risk of loss in trading futures, options and FOREX.

Futures and Options Trading Booksby Carley Garner

What People are Saying about Our Commodity Trading Books

Choosing a Futures Broker and Brokerage Service

Full-Service or Online Trading?

The decision to trade online or through a full-service commodity broker will undoubtedly make a large impact on your bottom line.

Learn More

A Fair Commission Rate vs. Low Commission

To look at commission rates objectively, we must understand the background of the futures industry and how brokerages accept risk for fees.

Learn More

Choosing a Commodity Brokerage Firm

Deciding on a commodity brokerage firm is a significant decision and shouldn’t be taken lightly. Not all traders and brokers are compatible.

Learn More

Choosing a Futures and Options Broker

Most traders in search of a futures broker are concerned primarily with trading platforms, commission, and quality guidance.

Learn More

The Truth about Futures Commission

The goal of futures trading should be to MAKE money, not SAVE it! Discount commodity brokers cut corners that cost their clients time & money.

Learn More

Commodities via Futures or ETFs?

A key difference to trading commodity futures over ETFs is leverage, but there is more to discuss, such as taxes, market hours, and efficiency.

Learn More