CHICAGO (Dow Jones)–Conflicting market fundamentals could yield mixed Chicago Mercantile Exchange hogs results at the start Wednesday. Wholesale pork price’s $0.88 per hundredweight relapse Tuesday that slashed pork packer margins is a negative market influence. But bullish traders may be moved by steady-to-firm cash hog calls driven by tight supplies. Furthermore, the shrunken price difference… read more
Monthly Archives: April 2010
Grain Calls
WHEAT – Up 1 to 2 cents per bushel. Follow-through short-covering bounce after the sharp decline of prices on Monday. Also, spillover support from gains in corn and soybeans. CORN – Up 5 to 6 cents per bushel. Support from news China bought 115,000 tonnes of U.S. corn, cold and wet weather that is delaying… read more
Greece downgraded as debt crisis worsens [4/27/2010]
By NICHOLAS PAPHITIS and PAN PYLAS ATHENS (AP) — Europe’s government debt crisis worsened ominously Tuesday when Greek bonds were downgraded to junk status and Portugal’s debt was lowered on fears the trouble could spread. Stocks slid on the news. German reluctance to fund most of a euro45 billion bailout of Greece by European government… read more
Soybeans reverse sharply after reaching projected target objective! [chart]
On April 5th, July Soybeans posted a low close of $945 1/4 inside the 60% buy window. Two days later, Soybeans rallied out of the buy window and traded through the trigger price for a long entry signal. The reverse/forward count projected a new upward price swing of twelve days from the low close from April 5th. I also… read more
Long Cocoa swing trade reaches target objecitve on R-swing date! [chart]
When July Cocoa dipped into the 60% buy window on April 12th the RT Swing Trader program triggered a buy signal for the July Cocoa at 2934. As soon as the the buy signal was triggered the RT Swing Trader identified April 26th as the projected reversal swing date and placed the reaction target objective… read more
Grain Calls for Monday
By Darin Newsom DTN Senior Analyst 6:00 AM e-CBOT Corn 2 3/4 higher, Soybeans 7 1/4 higher, Wheat 7 1/2 higher. Solid buying emerged in commodities once again during the overnight session with markets rallying despite continued strength in the U.S. dollar index. Soybeans and wheat led the grains higher with strong noncommercial buying seen… read more
Reversal Swing Dates for the week of April 26 – 30
Monday – Cocoa Tuesday – Hogs, Bean oil, Dow Jones, Canadian dollar, Eurocurrency, Japanese yen Wednesday – Cattle, Soy meal, RBOB gas, Heating oil Thursday – Cocoa Friday – Bean oil, Crude oil, Coffee… read more
New Home Sales [4/23/2010]
By ALAN ZIBEL AP Real Estate Writer WASHINGTON (AP) — Sales of new homes surged 27 percent last month, bouncing off the previous month’s record low and blowing past expectations as better weather and government incentives boosted sales. The Commerce Department said Friday that new home sales rose in March to a seasonally adjusted annual… read more
Robust Pork Business to Ignite Hogs Friday
CHICAGO (Dow Jones)–Persistent robust pork business will likely ignite Chicago Mercantile Exchange hogs gains at the start Friday. Wholesale pork prices Thursday leaped another $2.27 per hundredweight, which widened pork packer margins. Generally steady-to-firm cash hog price calls may also inspire those who are banking on futures advances. Thursday’s U.S. Department of Agriculture pork and… read more
Opening Grain News
By Andrew Johnson Jr. Of DOW JONES NEWSWIRES CHICAGO (Dow Jones)–Chicago Board of Trade soybean futures are poised for a lower start to Friday’s day session on pre-weekend positioning in the absence of fresh fundamental news. CBOT soybeans are seen opening the day session 2 cents to 3 cents lower. A weak undertone from outside,… read more