Monthly Archives: March 2011

Grains called to open sharply higher

* Corn seen up 15-30 cents on bullish USDA data * Soybeans called up 35-45 cents, wheat seen up 10-20 * USDA corn, soy stocks data bullish, to offset acreage * Wheat seen following corn, soy despite bearish USDA data CHICAGO, March 31 (Reuters) – U.S. corn futures wereforecast to surge by as much as… read more

USDA Prospective Planting report summary

CHICAGO (Dow Jones)–The following table is provided as a service to Dow Jones Newswires subscribers in conjunction with the U.S. Department of Agriculture’s prospective plantings and quarterly grain stocks reports. The reports were released Thursday morning.  Estimates are in millions of acres for 2011 U.S. prospective plantings and billions of bushels for grain stocks as of March 1.   Pospective… read more

Consumer Spending rises 0.7 % in February

By MARTIN CRUTSINGERAP Economics Writer WASHINGTON (AP) — Consumers spending rise in February at the fastest pace in four months, but a big part of the increase went to cover higher prices for gas. The Commerce Department says consumer spending rose 0.7 percent in February. Personal incomes rose 0.3 percent. That was after a 1.2 percent January… read more

U.S. fourth quarter growth revised up to 3.1%

WASHINGTON, March 25 (Reuters) – The U.S. economy grew  more quickly  than previously estimated in the fourth quarter as businesses maintained fairly solid spending and restocked shelves to meet rising demand, while corporate profits increased 3.3 percent, a government report showed on Friday.    Gross domestic product growth was revised up to an annualized rate of… read more

New U.S. Jobless claims fell last week.

WASHINGTON, March 24 (Reuters) – New U.S. claims for unemployment benefits fell as expected last week, with the four-week moving average dropping to its lowest level in more than 2-1/2 years, showing the labor market healing was becoming entrenched.    Initial claims for state unemployment benefits slipped 5,000 to a seasonally adjusted 382,000, the Labor Department said… read more

New-home sales plunged in February to record low.

WASHINGTON (AP) — Buyers of new homes plunged in February to the fewest on records dating back nearly half a century, a dismal sign for an already-weak housing market. The Commerce Department says new-home sales fell 16.9 percent last month to a seasonally adjusted annual rate of 250,000 homes. It’s the third straight monthly decline and far below the… read more

Swing Trading Strategies – Update of short May Coffee recommendation. [chart]

From last night’s issue of the TMV Swing Trading report – May Coffee – Short from 275.25 – exit price @ 270.70 – After the sell was triggered at 275.75, coffee traded sharply lower until it touched the ascending lower parallel line (green line). The lower parallel line is a line of support and the… read more

Swing Trading Strategy – Short Coffee update!

TMV Swing Trading report – Short May Coffee @ 275.25 – After trading through the trigger price to confirm the sell at 275.25, coffee continued to trade lower until it found support at the lower ascending parallel line.  The current price action suggests Coffee may bounce off support and trade back to the 20-day EMA… read more