In the January 11th issue of the Traders Market Views Swing Trading report, I commented on a trade I had made earlier to sell March Soybeans, following a failed swing pattern on after Soybeans made a new high on January 3rd. Typically, a failed swing pattern will trigger a significant price move in the opposite… read more
Tag Archives: Crop Production
Grain Stocks and Production Report / Futures Broker
01/12 07:37 CST UPDATE 1-US slashes soy, corn stocks below expectation 1-12-2011 08:37 UPDATE 1-US slashes soy, corn stocks below expectatio * US soy end stocks 140 mln, 10 pct below est * US corn end stocks 745 mln, 4 pct below est * US Dec 1 soy stocks 2.277 bln, 3 pct below est… read more
Crop production – 12/10/2010
CHICAGO, Dec 10 (Reuters) – The U.S. Agriculture Department pegged U.S. corn ending stocks for the 2010/11 (Sept/Aug) season at 832 million bushels, raising it from its November estimates when an average of trade estimates had expected a lower ending stocks number of 806 million. The USDA estimated 2010/11 U.S. soybean ending stocks at 165… read more
Grain Supply Report / Futures Broker
CHICAGO (Dow Jones)–The U.S. on Tuesday unexpectedly cut its soybean harvest estimate and slashed its supply forecast, setting the stage for gains in soybean futures. Soybean production was pegged at 3.375 billion bushels, down 1% from the government’s October estimate, according to the U.S. Department of Agriculture. Analysts surveyed by Dow Jones, on average, had… read more
Swing Trading Strategies – How looking into the past will help find critical support or resistance in the future.[chart]
Past market action can offer invaluable information about future market reactions. Simply by looking into the past you can identify key support and resistance levels that may have a profound affect the next price movement of the market. Just recently, November Soybeans offered a very good example of past price action affecting the futures price reaction.… read more
Futrues news – Grains to open sharply higher on bullish supply and demand report.
CHICAGO (Dow Jones)–Friday’s U.S. government supply and demand reports for grains and oilseeds were seen as bullish across the board, with smaller production and tighter ending stocks forecast, traders said. The U.S. Department of Agriculture’s report confirmed that the U.S. corn crop is smaller than earlier projections and surprisingly viewed soy yield potential… read more
Futures news – Corn crop down 4% – stocks at lowest level in 15 years.
* US corn yields, crop down 4 pct, end stocks 902 mln bu * Corn 2010/11 end stocks smallest in 15 years * USDA corn, soy forecasts are lower than trade expected * Record US soybean crop, corn is third largest WASHINGTON, Oct 8 (Reuters) – Sharply lower yields across… read more
Argiculture Report /Futures Broker
CHICAGO, Sept 30 (Reuters) – The U.S. Agriculture Department on Thursday pegged U.S. corn stocks as of Sept. 1 at 1.708 billion bushels, above trade for 1.412 billion bushels. Stocks stood at 1.673 billion a year ago. The USDA, in its quarterly grain stocks report, estimated soybean ending stocks on Sept. 1 at 151.1 million… read more
Crop Production – Futures News (9/10/2010)
CHICAGO, Sept 10 (Reuters) – The U.S. Agriculture Department on Friday reduced its yield forecast for U.S. corn this year to 162.5 bushels per acre from its August estimate of 165.0 bushels after hot, dry weather last month hurt the crop. Traders and analysts polled by Reuters had expected the department to peg the average… read more
Futures Broker / Grain News and Calls
By Tom Polansek Of DOW JONES NEWSWIRES CHICAGO (Dow Jones)–Wheat prices are expected to rise as traders digest disappointing harvest results from former Soviet states devastated by drought and wait for the results of a tender from Egypt, the world’s largest importer of the grain. The harvest is rolling in the former Soviet Union and… read more