NEW YORK, July 28 (Reuters) – Chicago soybean traders focused on forecasts for hotter and drier weather for the Delta and Southeast over the next week, which may harm some of the crop that is setting pods. * In the Midwest, overall satisfactory crop weather was predicted for the next week to 10 days, with… read more
Tag Archives: Futures
Swing Trading Strategies – What can you learn from looking at past price action? [chart]
Looking into the past can provide a wealth of information when trying to find future support and resistance levels. Past high or low price pivot points should not be ignored and can be critical when trying to identify or project futures price swings and trend reversals. The later came into play recently in the Dollar Index. The Dollar index had… read more
Futures Broker/ Grain News and Calls
CHICAGO (Dow Jones)–U.S. wheat futures are expected to slide on Tuesday’s open following overnight losses on a stronger dollar and continued profit-taking after the market’s sharp rally last week. Chicago Board of Trade futures are called 4 cents to 6 cents lower. In overnight trade, CBOT September wheat was down 6 cents to $5.76 1/4… read more
Futures Broker / Grains Calls and News
By Andrew Johnson Jr. Of DOW JONES NEWSWIRES CHICAGO (Dow Jones)–Soybean futures are expected to start Friday’s day session on the defensive, with the market consolidating ahead of the weekend after the week’s sharp gains. Overnight, Chicago Board of Trade August soybeans were 1/4 cent lower at $10.18 3/4 and November soybeans were 3/4 cent… read more
CFTC Subcommittee on Convergence to Discuss Wheat Markets (7-15-2010)
CFTC Subcommittee on Convergence to Discuss Wheat Markets Washington, DC – On Thursday, July 15, 2010, members of the Commodity Futures Trading Commission’s (CFTC) Subcommittee on Convergence in Agricultural Commodity Markets will conduct a conference call from 3:00 – 4:00 p.m., to discuss recent developments in the wheat markets. The Subcommittee on Convergence in Agricultural… read more
Futures Broker / Grain News and Calls
By Andrew Johnson Jr. Of DOW JONES NEWSWIRES CHICAGO (Dow Jones)–Soybean futures are expected to start Wednesday’s day session on firm footing, buoyed by supportive technicals and weather uncertainties for the developing U.S. crop. Overnight, Chicago Board of Trade July soybeans were 1 1/2 cents lower at $10.29, August soybeans were 3 1/2 cents higher… read more
Futures Broker / Grain News and Calls
By Andrew Johnson Jr. Of DOW JONES NEWSWIRES CHICAGO (Dow Jones)–U.S. wheat futures are poised for a weaker start to Tuesday’s day session, consolidating recent gains on favorable crop ratings and a lack of fresh supportive news. In overnight electronic trading, Chicago Board of Trade September wheat was 1 3/4 cents lower at $5.34, and… read more
Futures Broker / Grain Calls and News
WHEAT – Down 2 to 3 cents per bushel. Spillover pressure from Friday’s bearish USDA U.S. wheat production and ending stocks reports. Also pressure from a firm dollar and seasonal harvest weight. * Hot and dry weather in Europe remains a concern while overall satisfactory crop weather continues in the U.S. CORN – Down 1/2… 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
Futures Broker / Grain News
By Mark Weinraub CHICAGO, July 6 (Reuters) – The U.S. Agriculture Department lowered its good to excellent ratings for U.S. corn and soybeans on Tuesday as damp conditions took a toll on crops in key production states such as Iowa. In its weekly report, USDA rated the corn crop as 71 percent good to excellent,… read more