By Andrew Johnson Jr. Of DOW JONES NEWSWIRES CHICAGO (Dow Jones)–U.S. wheat futures are poised for a weaker start to Tuesday’s day session, consolidating recent gains on favorable crop ratings and a lack of fresh supportive news. In overnight electronic trading, Chicago Board of Trade September wheat was 1 3/4 cents lower at $5.34, and… read more
Tag Archives: commoditites
Futures Broker / Grain Calls and News
WHEAT – Down 2 to 3 cents per bushel. Spillover pressure from Friday’s bearish USDA U.S. wheat production and ending stocks reports. Also pressure from a firm dollar and seasonal harvest weight. * Hot and dry weather in Europe remains a concern while overall satisfactory crop weather continues in the U.S. CORN – Down 1/2… read more
Futures Broker / Grain Calls and News
WHEAT – Down 1 to 2 cents per bushel. Profit-taking ahead of three-day weekend and after the big rally on Thursday. U.S. seasonal harvest pressure also weighs, but market underpinned by harsh weather in portions of Europe and in the Black Sea wheat region. CORN – Down 2 to 3 cents per bushel. Profit-taking after… 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
Swing Trade Strategies – Using “Market Timing Intelligence”. by John Crane
The recent price action in the July Natural gas offers a good example of the “action-reaction” trading methodology is action. Knowing probable levels of future support and resistance levels has always been a goal of both swing traders and day traders alike. The advance knowledge can give you an edge when looking to lower your… read more
Futures Broker / Grain Calls and News
WHEAT – Steady to up 1 cent per bushel. Spillover support from gains in KCBT and MGEX wheat futures amid excessive wet weather in the Canadian Prairies that is trimming wheat production prospects. Gains limited by profit-taking ahead of the weekend and after the gains early in the week and a firm dollar. CORN –… read more
Futures Broker / Grain Calls and News
By Andrew Johnson Jr. Of DOW JONES NEWSWIRES CHICAGO (Dow Jones)–Soybean futures are expected to begin Thursday’s day session higher, buoyed by follow through buying from Wednesday. Strength in overnight trade is serving as an early signal of price direction. Soybeans are seen 2 cents to 4 cents higher. Overnight, Chicago Board of Trade July… read more
Futures Broker / Grain Calls and News
June 16 (Reuters) – Chicago soybean futures rose half a percent on Wednesday, as oilseed markets remained supported by rains that could slash canola output in Canada and hamper soybean crop progress in the United States. Chicago soy and grain futures drew some strength from greater risk appetite among investors, although share prices gave up… read more
Futures Broker / Grain Calls and News
WHEAT – Down 1 to 2 cents per bushel. * Profit-taking setback after rally on Monday. Wheat gained on Monday, led up by concerns about a cut in Canadian wheat output due to excessive wet weather CORN – Down 1 to 2 cents per bushel. * Profit-taking after Monday’s gains weigh on corn futures, in… read more
Futures Broker / Grain Calls and News
WHEAT – Steady to up 1 cent per bushel Short-covering supportive but plentiful supply situation continues to cap any gains. CORN – Steady to up 2 cents per bushel Prices receiving some support from talk that China could step up purchases of U.S. corn but gains likely to be limited unless market gets confirmation of… read more