WHEAT – Up 1 to 2 cents per bushel. Follow-through short-covering bounce after the sharp decline of prices on Monday. Also, spillover support from gains in corn and soybeans. CORN – Up 5 to 6 cents per bushel. Support from news China bought 115,000 tonnes of U.S. corn, cold and wet weather that is delaying… read more
Tag Archives: Grains
Soybeans reverse sharply after reaching projected target objective! [chart]
On April 5th, July Soybeans posted a low close of $945 1/4 inside the 60% buy window. Two days later, Soybeans rallied out of the buy window and traded through the trigger price for a long entry signal. The reverse/forward count projected a new upward price swing of twelve days from the low close from April 5th. I also… read more
Opening Grain News
By Andrew Johnson Jr. Of DOW JONES NEWSWIRES CHICAGO (Dow Jones)–Chicago Board of Trade soybean futures are poised for a lower start to Friday’s day session on pre-weekend positioning in the absence of fresh fundamental news. CBOT soybeans are seen opening the day session 2 cents to 3 cents lower. A weak undertone from outside,… read more
Grain Calls
WHEAT – Down 1 to 2 cents per bushel. Firm dollar and ongoing pressure from abundant supply of wheat weigh on wheat futures. Neutral reaction to USDA’s weekly export CORN – Up 1 to 2 cents per bushel. * Support from larger-than-expected number for corn in USDA’s weekly export sales report and forecasts for showers… read more
History suggests Iceland’s volcano could trigger major rally in futures.
Iceland has a history of volcano eruptions. Probably the most signifcant is the massive eruption of the Laki volcano in 1783 that lead to one of the greatest disasters in living history. The Laki volcano eruption occurred in the June of 1783 killing thousands and spreading a massive haze that covered most of Europe and parts of North… read more
Grains Called Higher
Grains Higher at 7:15 a.m. CDT Corn futures are expected to open 3 to 4 higher as of 7:15 a.m. CDT; soybeans 7 to 9 higher; wheat 6 to 8 higher.… read more
Grain Calls
WHEAT – Down 1/2 to 1 cent per bushel. Profit-taking expected after the strong technical rally on Thursday. Plentiful supply of wheat continues to slow rallies. CORN – Down 1 to 2 cents per bushel. Outlooks for good U.S. corn planting weather through the weekend into next week weighing on corn futures in addition to… read more
Opening Grain Calls
WHEAT – Down 1 to 2 cents per bushel. Plentiful global supply of wheat weighs, in addition to pressure from a firm dollar. CORN – Down 1 to 2 cents per bushel. Firm dollar and good U.S. corn planting weather combine to weigh on market, in addition to profit-taking after Wednesday’s short-covering bounce. SOYBEANS –… read more
Wheat and Corn Calls
WHEAT – Up 1/2 to 1 cent per bushel. Follow-through technical buying after Monday’s firm close. Wheat market was oversold and due for a bounce but bullish momentum lacking amid plentiful supplies CORN – Down 1 to 2 cents per bushel. Forecasts for good U.S. corn planting weather this week weighs on market countering some… read more
Grains calls
WHEAT – Up 1/2 to 1 cent per bushel. Follow-through technical buying after Monday’s firm close. Wheat market was oversold and due for a bounce but bullish momentum lacking amid plentiful supplies. CORN – Down 1 to 2 cents per bushel. Forecasts for good U.S. corn planting weather this week weighs on market countering some… read more