CHICAGO (Dow Jones)–Chicago Mercantile Exchange hogs’ could open mostly firm Monday as traders bank on positive post-Easter holiday market fundamentals. Wholesale pork carcass values Friday were up $0.35 per hundredweight and steady-to-firm cash hog price calls are seen for Monday. Pork bellies could open firm on possible spillover lean hog support. A mixed CME live… read more
Tag Archives: Commodity Trading
Soybean calls
CHICAGO (Dow Jones)–Soybean futures at the Chicago Board of Trade are poised for a firm start to the first full trading week of April, underpinned by the positive influence of other financial markets. CBOT soybeans are seen opening 2 cents to 3 cents higher.… read more
Silver is approaching a cluster of resistance leading into the 4/5 reversal swing date. [chart]
Live Cattle
Monday April 5 is first notice day. If you are long look to get out to day.… read more
Livestock News
CHICAGO, March 31 (Reuters) – Chicago Mercantile Exchange cattle futures were narrowly mixed early on Wednesday in electronic trading as beef market was seen topping. Hogs were higher on support from Friday’s bullish hog report with steadier cash hogs and higher product supportive.… read more
Opening Grain Calls
CHICAGO, March 31 (Reuters) – CBOT soy futures were called to open down at least 7 to 12 cents per bushel Wednesday, with corn down 3 to 5 cents and wheat down 2 to 4 cents on what traders called bearish stocks data in USDA’s quarterly stocks report. (Reporting by Sam Nelson; Editing by John… read more
How the median line acts as a price magnet. [chart]
This Coffee chart is a great example how the median line (center line) acts like a magnet to attract price. How the market reacts to this line can be a very good indicator of future price action. A market that reaches the line quickly and with a wide range day will typically reverse at the line.… read more
Hog update
Chicago Mercantile Exchange lean hog futures were sharply higher in early pit trading on Tuesday as funds continued to buy summer month contracts after USDA on Friday reported a smaller-than-expected U.S. hog herd, traders said.… read more
Grain Opening Calls
WHEAT – Up 3 to 4 cents per bushel. * Weak dollar and technical short-covering lifting wheat futures but gains limited by abundant global stockpile of wheat. SOYBEANS – Up 3 to 4 cents per bushel. Weak dollar, higher crude oil and concerns about ability of South America to ship soy due to spreading labor… read more
Crude oil surges off strong economic news.
NEW YORK, March 29 (Reuters) – U.S. crude futures rose more than $2 on Monday, opening strongly in New York trading, as a weaker dollar and stronger equities markets bolstered by economic data helped lift crude oil futures. Stronger consumer sentiment in the euro zone and a forecast for strong growth in China… read more