Monthly Archives: June 2010

EIA ENERGY STOCKS REPORT (6/30/2010) – Futures News

NEW YORK, June 30 (Reuters) – U.S. crude oil futures pared gains on Wednesday after a government report showed crude oil stocks fell last week more than analysts had forecast, but less than industry data had shown in a report on Tuesday. The U.S. Energy Information Administration said crude stocks fell 2.01 million barrels last… read more

Futures Broker / Grain Calls and News

WHEAT – 5 to 7 cents per bushel higher. * USDA reported June 1 U.S. wheat stocks at 973.4 million bushels, above the average trade estimate of 940 million. * USDA reported U.S. 2010 all-wheat acreage at 54.3 million acres, slightly above an average of analyst estimates at 53.8 million. CORN – 15 to 20… read more

Futures Broker/ Grain Report

WASHINGTON, June 30 (Reuters) – The U.S. Agriculture Department released its acreage report on Wednesday. Following are highlights from the report. Corn Planted Acreage Up 2 Percent from 2009 Soybean Acreage Up 2 Percent All Wheat Acreage Down 8 Percent All Cotton Acreage Up 19 Percent Corn planted area for all purposes in 2010 is… read more

Futures Broker / Grain Report

WASHINGTON, June 30 (Reuters) – U.S. farmers could harvest 13.2 billion bushels of corn, the Agriculture Department’s annual report on plantings indicated on Wednesday, implying harvest could be 1 percent smaller than its forecast earlier this month, but still narrowly topping last year’s record. Soybean harvest could be 3.3 billion bushels, up 1 percent from… read more

Swing Trade Strategies – What is today’s price action telling us about Soybeans? [chart]

November Soybeans dipped into the 60% buy zone for the second time in as many days. Just like the previous day, Soybeans reversed and traded higher, moving out of the buy zone. Since today’s price action did occur on the projected reversal date, it may be significant because it occurred one day before Wednesday’s Grain Stocks and… read more

Futures Broker / Grain News

June 29 (Reuters) – U.S. wheat prices fell again on Tuesday, extending the previous session’s 1.5 percent loss to trade near their lowest level in more than two weeks on reports of high quality crops from the United States. Corn prices also edged down nearly one percent, holding near an eight-month trough, under pressure from… read more

Swing Trade strategy in British pound [chart]

I currently have a recommended long position for the September British pound – long from 1.485- in the TMV Swing Trading Report. In the last issue I expressed concern that the market may have difficultly crossing the up-sloping median line and it my be time to exit. On the bullish side, is the bullish reversal… read more

Futures News / Grain Calls and News

WHEAT – Up 1 to 2 cents per bushel. Short-covering support as market remains heavily loaded with fund shorts. USDA’s export sales report also supportive. Gains limited by plentiful supplies of wheat as noted by Thursday’s IGC report and a firm dollar. CORN – Up 2 to 3 cents per bushel. Short-covering technical rebound after… read more