CHICAGO (Dow Jones)–Friday’s U.S. Department of Agriculture ending stocks data were deemed by traders and analysts to be slightly bearish for Chicago board of Trade soybean, corn and wheat futures. The report did not provide any surprises, with a drop in world ending stocks or corn and wheat seen priced in the market considering the… read more
Tag Archives: Futures news
Crop Production 7/9/2010 – Futures News
CHICAGO, July 9 (Reuters) – The U.S. Agriculture Department on Friday reduced its estimate of U.S. corn ending stocks for both the 2009/10 and 2010/11 marketing years. The USDA pegged 2009/10 ending stocks at 1.478 billion bushels, compared with an average trade estimate for 1.40 billion bushels and down from the USDA’s June estimate of… read more
Futures news – Initital Jobless Claims (7/8/2010)
WASHINGTON, July 8 (Reuters) – New U.S. claims for unemployment insurance fell more than expected last week, government data showed on Thursday, while the number of people continuing to receive benefits in the final week of June was the lowest in seven months. Initial claims for state unemployment benefits dropped 21,000 to a seasonally adjusted… read more
Futures Broker / Grain Calls and News
WHEAT – Up 1 to 2 cents per bushel. Support from hot and dry weather in Europe that was posing a threat to wheat crops. Led up by gains in milling quality of KCBT HRW wheat as milling wheat in Paris holds near one-year highs after trading large volumes on Tuesday. * Hot and dry… read more
Swing Trading Strategies – Reaction swing triggered sell for gold before the plunge! [chart]
August Gold – The TMV Swing Trade Report is currently hold the short position in the August Gold from $1247.00. Gold finally gave it up on July 1st and finally confrimed the bearish reaction swing I have been talking about in the newsletter for the past afew days. The market had been trading in a sideway consolidation pattern since… read more
NonFarm Payrolls [7/2/2010] – Futures News
Nonfarm payrolls fall 125,000 on census jobs * Private hiring rises 83,000 after weak May * Unemployment rate dips to 9.5 pct vs 9.7 pct in May * Average workweek edges down to 34.1 hours WASHINGTON, July 2 (Reuters) – U.S. employment fell for the first this year in June as thousands of temporary census… read more
Futures Broker / Grain Calls and News
WHEAT – Down 1 to 2 cents per bushel. Profit-taking ahead of three-day weekend and after the big rally on Thursday. U.S. seasonal harvest pressure also weighs, but market underpinned by harsh weather in portions of Europe and in the Black Sea wheat region. CORN – Down 2 to 3 cents per bushel. Profit-taking after… read more
EIA ENERGY STOCKS REPORT (6/30/2010) – Futures News
NEW YORK, June 30 (Reuters) – U.S. crude oil futures pared gains on Wednesday after a government report showed crude oil stocks fell last week more than analysts had forecast, but less than industry data had shown in a report on Tuesday. The U.S. Energy Information Administration said crude stocks fell 2.01 million barrels last… read more
Futures Broker / Grain Calls and News
WHEAT – 5 to 7 cents per bushel higher. * USDA reported June 1 U.S. wheat stocks at 973.4 million bushels, above the average trade estimate of 940 million. * USDA reported U.S. 2010 all-wheat acreage at 54.3 million acres, slightly above an average of analyst estimates at 53.8 million. CORN – 15 to 20… read more
Futures Broker/ Grain Report
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