CHICAGO, April 6 (Reuters) – Chicago Mercantile Exchange ive cattle futures were lower early on Tuesday in electronic rading amid profit taking and pressure from lower financials hile firm cash markets and technicals provide support. Lean hogs were higher with April setting a new 19-month igh for a lead contract overnight amid firm cash markets.… read more
Tag Archives: Futures news
Opening Grain Calls
WHEAT – Down 1/2 to 1 cent per bushel. Strong condition ratings for the U.S. winter wheat crop as released by the USDA late Monday and a firm dollar weighs on wheat futures. KCBT HRW winter wheat firm as Iraq buys wheat including 50,000 tonnes of U.S. HRW wheat. CORN – Up 1/2 to 1… read more
Department of Energy reporting error
According to the Wall Street Journal, the U.S. Energy Department discovered a problem in the way that it collects data and will soon be reducing the amount of U.S. natural gas production that it has been reporting. June natural gas is trading higher.… read more
Livestock News
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
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