The recent 5-day decline in Soybeans came to a halt when the market reached the downward sloping median line, on the August 9th reversal date. The market tested the median support before closing above the line Tuesday, The gap higher opening on Wednesday is a strong beginning for the “trail day” and will confirm a… read more
Monthly Archives: August 2011
Opening Grain Calls : Futures Trading News, Futures Trading Broker
Soybeans 2 to 4 cents higher Corn 1 to 3 cents higher Wheat 1 to 3 cents higher Weaker dollar, higher crude oil and out side markets will have a big effect on the grains.… read more
Market report – The U.S dollar is trading lower vs. other major currencies after S&P downgrades it AAA rating.
The U.S. Dollar continues to trade lower against most major currencies after Standard & Poor’s downgraded U.S. top credit rating from AAA to AA+ on Friday. The decision raised concerns over the fiscal issue of the world’s biggest economy. Although the Federal Reserve Open Market Committee is scheduled to meet tomorrow, traders didn’t wait and… read more
Reversal dates for the week of August 8 – August 12
Monday – August 8 – Tuesday – August 9 – Wheat, Silver, Australian dollar Wednesday – August 10 – Bean oil, Gold, Treasury bonds Thursday – August 11 – Cocoa, Coffee Friday – August 12 – Soy meal, Crude oil, British pound… read more
Opening Grain Calls : Futures Trading News, Futures Trading Broker
Soybeans 13 to 15 cents lower Wheat 11 to 13 cents lower Corn 10 to 12 cents lower Stronger dollar, weaker crude oil and better weather condition in the US… read more
Market news – Weekly Jobless claims down slightly.
New U.S. claims for unemployment benefits showed marginal improvement over last week. Initial claims for state unemployment benefits were down 1000, to a seasonally adjusted 400,000, according to the labor department report. Economists had forecast claims rising to 405,000.… read more
Opening Grain Calls : Futures Trading News, Futures Trading Broker
Soybean 14 to 16 cents higher Corn 8 to 10 cents higher Wheat 11 to 13 cents higher higher crude prices and weaker dollar… read more