WHEAT – Down 1 to 2 cents per bushel. * Pressure from firm dollar and falling equities amid mounting concern about the euro zone financial crisis. Plentiful supply of wheat also weighs. * Neutral reaction to USDA’s weekly export sales report. CORN – Down 1 to 2 cents per bushel. * Pressure from a turn… read more
Tag Archives: Futures news
Futures Broker / Grain News and Calls
WHEAT – Down 1 to 2 cents per bushel. Hesitant buying of wheat futures as equities and gold sag after Germany’s decision to ban naked short sales of certain financial instruments. CORN – Up 1 to 2 cents per bushel. Support from talk China bought two cargoes of U.S. corn and news from USDA that… read more
Futures Broker /Grain News and Calls
WHEAT – Down 1/2 to 1 cent per bushel. * Pressure from firm dollar and ongoing reminders of the plentiful global stockpile of wheat. Losses limited by the potential for short-covering bounces since the wheat market remains loaded with spec shorts. CORN – Down 2 to 3 cents per bushel. * Higher dollar, lower crude… read more
Futures Broker / Grain News and Calls
WHEAT – Down 2 to 4 cents per bushel. Firm dollar weighing on market and plentiful supply of wheat continues to act as an anchor on the wheat market, which occasionally bounces amid short-covering. CORN – Down 3 to 5 cents per bushel. Higher dollar, lower crude oil and outlooks for a bumper U.S. corn… read more
Futures Broker / Grain News
WHEAT – Down 1 to 2 cents per bushel. Firm dollar and abundant supply of wheat weigh on market in addition to weight from corn/wheat spreading. * USDA said 485,500 tonnes of U.S. wheat sold for export last week, above estimates for 300,000 to 400,000. * Cold weather in the U.S. Plains not seen causing… read more
Futures Broker / Grain News
WHEAT – Up 3 to 5 cents per bushel. Following corn higher on news China bought U.S. corn. Investors also seeking safe-haven buys, including gold and grains, on continued worries about financial woes in Greece and the euro zone. CORN – Up 5 to 7 cents per bushel. Supported by news China bought U.S. corn… read more
Futures Broker / Grain Calls
CHICAGO (Dow Jones)–Traders and analysts said Tuesday’s U.S. Department of Agriculture ending stocks data was negative for Chicago Board of Trade soybean and wheat futures. The data looks supportive for CBOT corn, but bearish outside market influences may balance out the lower-than-expected domestic corn ending stocks figures, a CBOT floor source said. Soybean futures are… read more
Swing Trading Strategies – How the Reversal dates picked the high for the Dow Jones futures. [chart]
Last Thursday, the business channels were full of experts expressing shock as the market plunged. They acted surprised that the market could be trading lower in the midst of such a strong and prolonged upward trend. But, was it really a surprise and were there warning signs that preceded the unprecedented price collapse? I think… read more
Futures Broker / Grain News
By K.T. Arasu CHICAGO, May 9 (Reuters) – Investors will get a strong dose of fundamental trading points in grains this week from a set of government data expected to point to growing stockpiles of corn and soybeans in the United States. The possibility of damage to the corn crop from freezing temperatures that were… read more
Futures Broker / Grain News
WHEAT – Down 1 to 3 cents per bushel. Slow exports of U.S. wheat and plentiful global stockpile of wheat continues to act as an anchor on the wheat market. Some underlying support due to fact wheat market is loaded wit short-sellers, leading to occasional bouts of short-covering rallies. CORN – Up 1 to 2… read more