WHEAT – Up 3 to 4 cents per bushel. * Short-covering as wet weather in Canada continues to cause potential further harm to the wheat crop CORN – Down 1 to 2 cents per bushel. * Follow-through technical selling, good U.S. crop weather and lower crude oil combine to weigh on corn futures. SOYBEANS –… read more
Tag Archives: Commodities
Futures Broker / Grain Calls and News
* WHAT: USDA Weekly Crop Progress report * WHEN: Monday 1600 EDT (2000 GMT) * Analysts see U.S. corn rated 76 pct good/excellent * Analysts see soybeans rated 71 pct good/excellent CHICAGO, June 21 (Reuters) – Rainy weather around the U.S. Midwest last eek was expected to cause the U.S. Agriculture Department to slightly ower… read more
Swing trade signals – Bullish patterns in Cattle and Sugar. [chart] John Crane
There are a couple of potential swing trade signals showing up on the charts. The first one to look at is in the August Cattle. The market has formed a bullish TR swing pattern after completing an A-B bottom formation on June 11th. The market rallied off this low and reached the 20-day EMA where it formed… read more
Futures Broker / Grain Calls and News
WHEAT – Steady to up 1 cent per bushel. Spillover support from gains in KCBT and MGEX wheat futures amid excessive wet weather in the Canadian Prairies that is trimming wheat production prospects. Gains limited by profit-taking ahead of the weekend and after the gains early in the week and a firm dollar. CORN –… read more
Futures Broker / Grain Calls and News
By Andrew Johnson Jr. Of DOW JONES NEWSWIRES CHICAGO (Dow Jones)–Soybean futures are expected to begin Thursday’s day session higher, buoyed by follow through buying from Wednesday. Strength in overnight trade is serving as an early signal of price direction. Soybeans are seen 2 cents to 4 cents higher. Overnight, Chicago Board of Trade July… read more
Swing Trading Strategies – N-gas reverses at R-line target objective. [chart]
July Natural gas ended a corrective pullback on the June 9threversal swing day (marked by the green arrow on the chart). The newly confirmed reaction swing received additional bullish confirmation when N-gas gapped higher at the open of the June 14th trading session and then closed 225 points higher for the day. It appeared that N-gas was off and running as bullish news appeared everywhere.… read more
Futures Broker / Grain Calls and News
June 16 (Reuters) – Chicago soybean futures rose half a percent on Wednesday, as oilseed markets remained supported by rains that could slash canola output in Canada and hamper soybean crop progress in the United States. Chicago soy and grain futures drew some strength from greater risk appetite among investors, although share prices gave up… read more
PPI [6-16-2010] – Futures Broker
WASHINGTON, June 16 (Reuters) – U.S. housing starts fell more than expected in May to their lowest level in five months, a government report showed on Wednesday, as a popular homebuyer tax credit that had buoyed construction activity over the past two months expired. The Commerce Department said housing starts dropped 10 percent to a… read more
Futures Broker – Housing Starts [6-16-2010]
NEW YORK, June 16 (Reuters) – U.S. housing starts fell 10 pct, more than an expected fall of 3.3 pct, in May to their lowest level in five months in Commerce Department data on Wednesday. A popular homebuyer tax credit had buoyed construction activity over the past two months but expired in April. Housing starts… read more
Swing trading strategies – How to handle explosive markets! [chart]
July Coffee continues to push higher, surging over 2400 points in the last four days. Explosive markets can offer huge opportunities or huge risks. In this case, price has exceeded time as Coffee reached the first reaction line target objective (148.50, on Friday, June 11. 2010), before settling back to the up-sloping median line at the close of… read more