By Andrew Johnson Jr. Of DOW JONES NEWSWIRES CHICAGO (Dow Jones)–Soybean futures are poised for a firmer start to Wednesday’s day session, underpinned by spillover strength from outside markets and supportive underlying fundamentals. Overnight, Chicago Board of Trade August soybeans were 4 cents higher at $10.15 3/4 and November… read more
Monthly Archives: July 2010
Futures Broker/ Grain News and Calls
CHICAGO (Dow Jones)–U.S. wheat futures are expected to slide on Tuesday’s open following overnight losses on a stronger dollar and continued profit-taking after the market’s sharp rally last week. Chicago Board of Trade futures are called 4 cents to 6 cents lower. In overnight trade, CBOT September wheat was down 6 cents to $5.76 1/4… read more
Housing Starts and Prints (7/20/2010) – Futures Broker
NEW YORK, July 20 (Reuters) – U.S. housing starts fell more than expected in June to their lowest level in eight months, a government report showed on Tuesday, supplying further evidence the economy was losing momentum during the second quarter. KEY POINTS: * The Commerce Department said housing starts dropped 5.0 percent to a seasonally… read more
Reversal Dates for the week of July 19 – July 23
Monday – Soybeans, Bean oil, S&P Tuesday – Corn, Silver, Dow Jones, Canadian dollar Wednesday – Treasury Bonds, Eurocurrency, British pound Thursday – Wheat, Crude oil, Natural gas, Gold, Cotton Friday – Eurocurrency… read more
Futures Broker / Grains Calls and News
By Andrew Johnson Jr. Of DOW JONES NEWSWIRES CHICAGO (Dow Jones)–Soybean futures are expected to start Friday’s day session on the defensive, with the market consolidating ahead of the weekend after the week’s sharp gains. Overnight, Chicago Board of Trade August soybeans were 1/4 cent lower at $10.18 3/4 and November soybeans were 3/4 cent… read more
Swing Trading Strategy – New reaction swing projects higher target objective for Wheat! What’s the new price? [chart]
September Wheat could continue to trade higher until it reaches the newly projected reaction line. The market had reached the previous reaction at $5.66 during Wednesday( July 14) trading session, before backing off and closing at $5.59. This time and price objective where determined from the TR pattern. (See blog entry from July 12). However,… read more
Swing trading strategy – August Natural gas surges higher on projected reversal date! How was it done?. [chart]
Natural gas surged over a $3,000 higher, after posting a bottom at 4.288 on the projected reversal date! The TMVSwing Trading Report had been short August Natrual gas from 4.550 ( recommended in July 8th issue). The target objective was 4.250 with a projected reversal date due on July 15th. I was looking for the N-gas to trade lower into the… read more
CFTC Subcommittee on Convergence to Discuss Wheat Markets (7-15-2010)
CFTC Subcommittee on Convergence to Discuss Wheat Markets Washington, DC – On Thursday, July 15, 2010, members of the Commodity Futures Trading Commission’s (CFTC) Subcommittee on Convergence in Agricultural Commodity Markets will conduct a conference call from 3:00 – 4:00 p.m., to discuss recent developments in the wheat markets. The Subcommittee on Convergence in Agricultural… read more
Futures Broker / Grain News and Calls
By Andrew Johnson Jr. Of DOW JONES NEWSWIRES CHICAGO (Dow Jones)–Soybean futures are expected to start Wednesday’s day session on firm footing, buoyed by supportive technicals and weather uncertainties for the developing U.S. crop. Overnight, Chicago Board of Trade July soybeans were 1 1/2 cents lower at $10.29, August soybeans were 3 1/2 cents higher… read more
Retail sales (7-14-2010)
By MARTIN CRUTSINGER AP Economics Writer WASHINGTON (AP) — Retail sales fell in June for the second straight month, raising new concerns about how much of a slowdown the economy will have to endure in the second half of this year. The Commerce Department says retail spending dropped 0.5 percent in June. That followed an… read more