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
Tag Archives: Commodities
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 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
Crop Production 7/9/2010 – Futures News
CHICAGO, July 9 (Reuters) – The U.S. Agriculture Department on Friday reduced its estimate of U.S. corn ending stocks for both the 2009/10 and 2010/11 marketing years. The USDA pegged 2009/10 ending stocks at 1.478 billion bushels, compared with an average trade estimate for 1.40 billion bushels and down from the USDA’s June estimate of… read more
Swing Trading Strategies – Dow Jones rallies to target objective in two days after predicted low! What now? [chart]
September Dow Jones – Dow Jones futures rallied for the second day in a row after it was reported that American retail sales grew at the fastest pace in four years. This news gave traders optimism that consumer spending is holding strong in spite of the drop in confidence. Technically, the market has continued to… 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
Swing Trading Strategies – Dow Jones reverses on projected Reversal dates. [chart]
If you were reading the TMV Swing Trade report last week, you know that I said the the Dow Jones futures should trade lower into a cluster of reversal dates due on Thursday (July 1) and Friday (July 2). The Dow Jones futures reached the downside target objective during Thursday’s session and closed on the up-sloping reaction line support. I also… read more
Swing Trading Strategies – Reaction swing triggered sell for gold before the plunge! [chart]
August Gold – The TMV Swing Trade Report is currently hold the short position in the August Gold from $1247.00. Gold finally gave it up on July 1st and finally confrimed the bearish reaction swing I have been talking about in the newsletter for the past afew days. The market had been trading in a sideway consolidation pattern since… read more