Currency update – Dollar recovers mildly after initial weakness in an otherwise, steady markets. The surprised moves are found in yen crosses but there is no follow through selling then yen. Sterling is lifted mildly by better than expected PMI manufacturing data but again. Aussie was lifted by solid manufacturing data from China. But after… read more
Tag Archives: Commodity Trading
Grain News and Opening Calls – Futures Broker
WHEAT – Up 3 to 5 cents per bushel. Weak dollar, dry weather in U.S. winter wheat region and in west Australia wheat-growing area combine to lift wheat futures. * Dry weather is boosting final seedings of the 2011 U.S. winter wheat crop in the U.S. Plains but rainfall is needed, especially in western Kansas… read more
Reversal dates for the week of November 1 – November 5
Monday – Cattle, Soy meal, Japanese yen Tuesday – Bean oil, S&P Wednesday – Cocoa, Hogs Thursday – Corn, Soybeans, Heating oil Friday – Crude oil, Eurocurrency… read more
Grain Calls and News -Futures Broker
WHEAT – Down 3 to 5 cents per bushel. End-of-month and end-of-week profit-taking lending pressure in addition to weight from a firm dollar. * Dry weather is a concern in the U.S. Plains winter wheat growing region, especially in western Kansas and Colorado. It appears that a dry pattern has become firmly entrenched in the… read more
Currencies News / Futures Broker
Currencies news – Daily Report: Yen Up Mildly, Dollar Steady ahead of US GDP Yen strengthen broadly today as risk sentiments are hit by disappointing production data from Japan and Korea. Asian equities are broadly lower also as investors lighten their positions ahead of Q3 GDP data from US today as well as a line… read more
Cotton News – Future Broker
Cotton news – 0925 EDT [Dow Jones] – Cotton futures rebound early Friday, supported by supply concerns amidst continued high demand. Prices fell yesterday following a nearly 50% reduction in weekly U.S. export sales from the previous week, a sign that high prices forced mills to slow their purchases. But analysts say despite the drop,… read more
Update for Long November Soybean position.
The TMV Swing Trading Report is currently long the November Soybeans @ $12.25. Tomorrow (Friday, October 29, 2010) is the 1st notice day for the November contract. Therefore, I recommend exiting the long position at today’s close.… read more
Grain Calls and News / Futures Broker
WHEAT – Up 10 to 12 cents per bushel. Boosted by dry weather in key wheat areas of the U.S. Plains, including western Kansas, and in west Australia. Dryness also a concern in portions of the U.S. Midwest soft red winter wheat region. Weak dollar also supportive, as is a rumor that China may have… read more
Initial Jobless Claims – Futures News, Broker, Commodities News (10/28/2010)
* Initial jobless claims fall 21,000 last week * Claims lowest in three months * Continuing claims lowest in nearly two years WASHINGTON, Oct 28 (Reuters) – New U.S. claims for unemployment benefits fell last week to a three-month low, hinting at some improvement in the listless labor market. Initial claims for state unemployment benefits… read more
EIA Energy Stocks – Futures and commodities News
NEW YORK, Oct 27 (Reuters) – U.S. crude oil futures prices pared losses on Wednesday after after a government oil inventory report showed a large drop in gasoline stockpiles last week, against a forecast for stocks to be up slightly. The U.S. Energy Information Administration’s report showed crude stocks rose 5.01 million barrels, more than… read more