By Andrew Johnson Jr. Of DOW JONES NEWSWIRES CHICAGO (Dow Jones)–Soybean futures are poised for a firmer start to Wednesday’s day session, underpinned by spillover strength from outside markets and supportive underlying fundamentals. Overnight, Chicago Board of Trade August soybeans were 4 cents higher at $10.15 3/4 and November… read more
Tag Archives: Grains
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
Swing Trading Strategy – New reaction swing projects higher target objective for Wheat! What’s the new price? [chart]
September Wheat could continue to trade higher until it reaches the newly projected reaction line. The market had reached the previous reaction at $5.66 during Wednesday( July 14) trading session, before backing off and closing at $5.59. This time and price objective where determined from the TR pattern. (See blog entry from July 12). However,… 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
Swing Trading Strategies – How the June 29th reversal date confirmed major buy for Wheat. [chart]
– A look at the recent chart of the September Wheat shows a very good example of “action/reaction” combined with a reversal date projection. Combining the two unique trading techniques can be a very powerful swing trading strategy. The first thing I want you to notice is the June 29th reversal date, marked as the (D) pivot… 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 Report and Calls
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
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