WHEAT – Up 10 to 12 cents per bushel. Brisk export sales, no signs of shipment interruptions to Egypt, a weak dollar, a technical rebound from Friday’s late slide and prospects for end-of-month fund buying lift wheat futures. CORN – Up 5 to 6 cents per bushel. Spillover support from a strong rebound in wheat,… read more
Tag Archives: Futures Broker
Grain News and Opening Calls / Futures Broker
WHEAT – Down 10 to 15 cents per bushel Pressure from a firm dollar and profit-taking after rising to a 5-1/2 month high and nearly a 2-1/2 year high on big exports of U.S. wheat. * Dry weather continues to be a problem in the U.S. Plains hard red winter wheat region and no relief… read more
Swing Trading Strategies – Cattle post major reversal on projected reversal date. [chart]
February Cattle surged to a new all-time high on the January 18th projected reversal date, but failed to hold the earlier gains and closed near the low of the daily session. The long tail, on the reversal dated price bar, warns of a swing pattern failure. A conformation on the swing pattern failure could signal a major top… read more
Grain News and Opening Calls / Futures Broker
WHEAT – Up 13 to 15 cents per bushel. News Algeria bought 600,000 tonnes of wheat on Monday, had purchased up to 1 million tonnes over the past couple of weeks and harsh weather in Australia and the U.S. combine to lift wheat futures. Lower dollar also supportive. CORN – Up 6 to 7 cents… read more
Grains Opening Calls /Futures Broker
1/12 07:51 CST CBOT grains and soy to rally on bullish USDA data 1-12-2011 08:37 CBOT grains and soy to rally on bullish USDA data CHICAGO, Jan 12 (Reuters) – CBOT corn was expected to open 0 to 15 cents per bushel higher on Wednesday following the elease of bullish U.S. and global crop and… read more
Grain Stocks and Production Report / Futures Broker
01/12 07:37 CST UPDATE 1-US slashes soy, corn stocks below expectation 1-12-2011 08:37 UPDATE 1-US slashes soy, corn stocks below expectatio * US soy end stocks 140 mln, 10 pct below est * US corn end stocks 745 mln, 4 pct below est * US Dec 1 soy stocks 2.277 bln, 3 pct below est… read more
Grains Opening Calls and News / Futures Broker
CHICAGO (Dow Jones)–U.S. wheat futures are expected to start slightly higher Monday as the markets rebound from a sell-off last week. Futures prices recovered a bit after falling 2.5% last week in a setback from a surge to 28-month highs. Poor global weather, including excessive rains in eastern Australia, sparked the recent rally and continue… read more
Grains Lower Rebalancing Begins On Friday / Futures Broker
WHEAT – Down 7 to 8 cents per bushel. Firm dollar and follow-through technical selling lending pressure as long-liquidation continues as index fund portfolio rebalancing begins on Friday. * Mostly favorable conditions for final wheat harvest in southern Australia while wet weather remains a problem in the north. [ID:nDTN614] * The potential for snowfall this… read more
Grain Calls and News /Futures Broker
WHEAT – Down 5 to 6 cents per bushel. Firm dollar and profit-taking after Wednesday’s rally weighs on prices. Traders said the wheat market appeared to be topping out at around five-month highs in CBOT and two-year highs in KCBT and MGEX. * Mostly favorable conditions for wheat harvest in southern Australia while showers in… read more
Grain News and Opening Calls / Futures Broker
WHEAT – Down 1 to 2 cents per bushel. Profit-taking after CBOT wheat rally to five-month highs and as high-protein KCBT and MGEX wheats rose to two-year highs due to deterioration of Australia’s crop amid excessive rainfall and flooding and on dryness in the U.S. Plains HRW wheat area. * Australia wheat quality slumps in… read more