The TMV Swing Trade Report is currently long October Lean Hogs @ 77.47. The swing trade signal was based off the longer-term coiling pattern with a bullish reaction swing at the apex.The market surged out of the reaction swing and the “energy building” coiling pattern during Tuesday’s session. This price action suggests Hogs should continue to advance into… read more
Tag Archives: Futures news
Opening Grain Calls and News – Futures News
By Tom Polansek Of DOW JONES NEWSWIRES CHICAGO (Dow Jones)–Soybean prices are poised to start higher Wednesday in an attempt to keep pace with a strong rally in the corn market. Soybean prices have felt spillover support from corn recently as corn has consistently set fresh 23-month highs on worries about disappointing U.S. yields. Soybeans… read more
Grain Opening Calls – Future Broker
WHEAT – Up 8 to 10 cents per bushel. Support from active exports of U.S. wheat as global production declines. A weak dollar also lending support. * High Ukraine wheat prices prevent export to Russia. * Australia heads for biggest wheat crop in 5 years – ACF * Dry conditions continue to hamper winter wheat… read more
Important News to watch this week – Futures News (9/13/2010 – 9/17/2010)
Indicators to Watch this Week. •Consumer pulse: Retail sales figures come out Tuesday pre-market (8:30 a.m.) and the closely watched Michigan Consumer Sentiment Index is released Friday morning (9:55 a.m.). A declining consumer sentiment figure is considered an early signal of a coming downturn in the economy. • Inflation/deflation watch: How much we might be… read more
Crop Production – Futures News (9/10/2010)
CHICAGO, Sept 10 (Reuters) – The U.S. Agriculture Department on Friday reduced its yield forecast for U.S. corn this year to 162.5 bushels per acre from its August estimate of 165.0 bushels after hot, dry weather last month hurt the crop. Traders and analysts polled by Reuters had expected the department to peg the average… read more
Crude Oil Inventories – Futures News
NEW YORK, Sept 9 (Reuters) – U.S crude oil inventories last week fell unexpectedly as refineries ramped up their utilization rates, a government report showed on Thursday. Distillate and gasoline stocks also fell in the week to Sept. 3, as distillate output slipped and total product demand over the last four weeks rose 0.7 percent… read more
US Trade Balance – Futures News (9/9/2010)
Trade deficit narrows to $42.8 billion in July By MARTIN CRUTSINGER AP Economics Writer WASHINGTON (AP) — The trade deficit narrowed significantly in July as exports climbed to the highest level in nearly two years, reflecting big gains in sales of U.S.-made airplanes and other manufactured goods while imports declined. The July deficit fell 14… read more
Initial Jobless Claims – Futures News (9/9/2010)
New filings for jobless benefits tumble By JEANNINE AVERSA AP Economics Writer WASHINGTON (AP) — The number of people signing up for unemployment benefits dropped to the lowest level in two months, an encouraging sign that companies aren’t resorting to deeper layoffs even as the economy has lost momentum. The Labor Department says new claims… read more
Swing Trading Strategies – New reaction swing pattern in Copper, what does it mean? [chart]
The TMV Swing Trading Report is currently holding a long recommendation for December Copper at 347.50 – Over the past few days, Copper pulled back to test support from the prior swing high (343.05 on August 4th), before rebounding slightly near the close. This short-term corrective pullback has formed a reaction swing pattern with a trigger… read more
Futures Broker / Grain Calls and News
CHICAGO (Dow Jones)–U.S. soybean futures are poised for a weaker start to Tuesday’s day session, slipping on pressure from neighboring grain futures, seasonal weakness and positioning ahead of government crop reports. Overnight, Chicago Board of Trade soybean futures for November delivery were 2 1/2 cents lower at $10.32 1/2. Analysts expect soybeans to start 2… read more