CHICAGO, Dec 15 (Reuters) – Signs of good export demand supported Chicago Board of Trade wheat and soybean futures early on Wednesday, traders said. Shortly before the futures market opened, Egypt announced it bought 110,000 tonnes of hard red winter wheat from the United States. Additionally, Jordan bought 150,000 tonnes of U.S. hard red winter… read more
Tag Archives: Grains
Opening Grain Calls and News / Futures Broker
WHEAT – Up 4 to 6 cents per bushel Weak dollar boosting market in addition to ongoing concerns about harvest delays, crop conditions in Australia as well as dry weather in U.S. Plains * Dry weather and wide temperature swings will cause further stress to the hard red winter wheat crop in western areas of… read more
Opening Grain Calls / Futures Broker
WHEAT – Up 3 to 5 cents per bushel. Lifted by weather concerns in Australia and in the U.S. with additional support from increasing U.S. exports of wheat, including a sale of 250,000 tonnes to Iraq and a weekly government sales number that was above estimates. CORN – Down 2 to 3 cents per bushel.… read more
Grain Opening Calls and News / Futures Broker
WHEAT – Down 10 to 15 cents per bushel. Pressure from a higher dollar and profit-taking after the rally early in the week to a four-month high left the market technically overbought and due for a correction. * USDA to cut U.S. wheat stocks amid Australian rain. * Floods in Australia cut wheat crop. Estimated… read more
Swing Trading Strategies – How is the December 6th reversal date affecting Wheat? [chart]
In the December issue of the TMV Swing Trading Report I wrote this about how the December 6th reversal date could affect Wheat over the short-term. March Wheat – Wheat is due for a corrective pullback after closing higher for eight days in a row. Today’s higher close pushed into a minor reversal Castle With… read more
Weather News Grains Calls Higher / Futures Broker
WHEAT – Up 12 to 15 cents per bushel. Support from excessive wet weather in Australia’s wheat harvest and dry weather in portions of the U.S. winter wheat region and in China’s wheat belt. Weak dollar also supportive. * Australia sees record wheat crop, but quality down. * Paris wheat at new high on Australia… read more
Grain News and Opening Calls / Futures Broker
WHEAT – Up 5 to 10 cents per bushel. Support from excessive wet weather in Australia’s wheat harvest and dry weather in the U.S. western Plains and in portions of China’s wheat growing region. Gains limited by a firm dollar. CORN – Down 3 to 5 cents per bushel. Firm dollar, lower crude oil and… read more
Grain Calls -Futures Broker
WHEAT – Up 20 to 25 cents per bushel. Excessive rainfall in Australia’s wheat harvest, dry weather in the U.S. Plains and prospects for a sale of U.S. wheat to Egypt boost prices in addition to support from a weak dollar. CORN – Up 8 to 10 cents per bushel. Lower dollar, higher crude oil… read more
Grain Opening Calls and News – Futures Broker
WHEAT – Up 3 to 5 cents per bushel. Dry weather in the western U.S. winter wheat region and excessive wet weather in Australia’s wheat harvest combining to lift wheat futures. * Dryness continues to be a concern in the U.S. western winter wheat growing region. There are signs of rainfall for next week but… read more
Grain Calls and News / Futures Broker
WHEAT – Up 6 to 8 cents per bushel. Support from commercial buying and as dry weather in the U.S. Plains hard red winter wheat region leading to concern about stress on the newly seeded crop leading to a potential reduction in 2011 U.S. wheat production. * Western winter wheat areas of the U.S. Plains… read more