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
Tag Archives: Commodity Trading
Futures Broker / Grain Report
WASHINGTON, June 30 (Reuters) – U.S. farmers could harvest 13.2 billion bushels of corn, the Agriculture Department’s annual report on plantings indicated on Wednesday, implying harvest could be 1 percent smaller than its forecast earlier this month, but still narrowly topping last year’s record. Soybean harvest could be 3.3 billion bushels, up 1 percent from… read more
Swing Trade Strategies – What is today’s price action telling us about Soybeans? [chart]
November Soybeans dipped into the 60% buy zone for the second time in as many days. Just like the previous day, Soybeans reversed and traded higher, moving out of the buy zone. Since today’s price action did occur on the projected reversal date, it may be significant because it occurred one day before Wednesday’s Grain Stocks and… read more
Futures Broker / Grain News
June 29 (Reuters) – U.S. wheat prices fell again on Tuesday, extending the previous session’s 1.5 percent loss to trade near their lowest level in more than two weeks on reports of high quality crops from the United States. Corn prices also edged down nearly one percent, holding near an eight-month trough, under pressure from… read more
Futures News / Grain Calls and News
WHEAT – Up 1 to 2 cents per bushel. Short-covering support as market remains heavily loaded with fund shorts. USDA’s export sales report also supportive. Gains limited by plentiful supplies of wheat as noted by Thursday’s IGC report and a firm dollar. CORN – Up 2 to 3 cents per bushel. Short-covering technical rebound after… read more
Futures Broker / Grain Calls and News
WHEAT – Up 3 to 4 cents per bushel. * Short-covering as wet weather in Canada continues to cause potential further harm to the wheat crop CORN – Down 1 to 2 cents per bushel. * Follow-through technical selling, good U.S. crop weather and lower crude oil combine to weigh on corn futures. SOYBEANS –… 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
* WHAT: USDA Weekly Crop Progress report * WHEN: Monday 1600 EDT (2000 GMT) * Analysts see U.S. corn rated 76 pct good/excellent * Analysts see soybeans rated 71 pct good/excellent CHICAGO, June 21 (Reuters) – Rainy weather around the U.S. Midwest last eek was expected to cause the U.S. Agriculture Department to slightly ower… read more
Swing trade signals – Bullish patterns in Cattle and Sugar. [chart] John Crane
There are a couple of potential swing trade signals showing up on the charts. The first one to look at is in the August Cattle. The market has formed a bullish TR swing pattern after completing an A-B bottom formation on June 11th. The market rallied off this low and reached the 20-day EMA where it formed… 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