Tag Archives: Grains

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

Possible bullish TR swing pattern forming in Soybeans [chart]

Soybeans touched the ascending median line objective on March 22. The market stopped at the median line and posted two consecutive lower closes as it pulled back to the 20-day SMA. This is a possible bullish TR pattern forming inside the prior market swing. A trade above $9.76 1/2 would confirm the pattern and trigger… read more

Crop Production Report [3/10/2010]

WASHINGTON, March 10 (Reuters) – U.S. soybean exports are headed for a record 1.42 billion bushels, the government said Wednesday, and heavy domestic use of the oilseed will reduce the stockpile to a scant 190 million bushels this summer, slightly less than analysts had expected. The Agriculture Department lowered its forecast for U.S. corn exports… read more