WHEAT – Down 2 to 3 cents per bushel. Pressure from firm dollar and falling equities as market continues to deal with uncertainty about the eurozone economy. Also pressure from a turn to warmer U.S. crop weather which will help boost production prospects. CORN – Down 1 to 2 cents per bushel. Pressure from a… read more
Tag Archives: economic news
Futures Broker / Grain News and Calls
WHEAT – Down 1 to 2 cents per bushel. * Pressure from firm dollar and falling equities amid mounting concern about the euro zone financial crisis. Plentiful supply of wheat also weighs. * Neutral reaction to USDA’s weekly export sales report. CORN – Down 1 to 2 cents per bushel. * Pressure from a turn… read more
Swing trade strategy – How the R-swing date worked in the Australian dollar. [chart]
June Australian dollar – The Aussie is experiencing a sharp price decline, falling over 580 points in the past four trading sessions. However, the price decline may be coming to an end as the market reached the reaction line target objective (8331) on the projected reversal swing date (May 19th). I look for the Aussie… read more
Futures Broker / Grain News and Calls
WHEAT – Down 1 to 2 cents per bushel. Hesitant buying of wheat futures as equities and gold sag after Germany’s decision to ban naked short sales of certain financial instruments. CORN – Up 1 to 2 cents per bushel. Support from talk China bought two cargoes of U.S. corn and news from USDA that… read more
Futures Broker / Grain News and Calls
WHEAT – Down 2 to 4 cents per bushel. Firm dollar weighing on market and plentiful supply of wheat continues to act as an anchor on the wheat market, which occasionally bounces amid short-covering. CORN – Down 3 to 5 cents per bushel. Higher dollar, lower crude oil and outlooks for a bumper U.S. corn… read more
Futures Broker / Grain News
WHEAT – Down 1 to 2 cents per bushel. Firm dollar and abundant supply of wheat weigh on market in addition to weight from corn/wheat spreading. * USDA said 485,500 tonnes of U.S. wheat sold for export last week, above estimates for 300,000 to 400,000. * Cold weather in the U.S. Plains not seen causing… read more
Futures Broker / Grain News
WHEAT – Up 3 to 5 cents per bushel. Following corn higher on news China bought U.S. corn. Investors also seeking safe-haven buys, including gold and grains, on continued worries about financial woes in Greece and the euro zone. CORN – Up 5 to 7 cents per bushel. Supported by news China bought U.S. corn… read more
Swing Trading Strategies – How the Reversal dates picked the high for the Dow Jones futures. [chart]
Last Thursday, the business channels were full of experts expressing shock as the market plunged. They acted surprised that the market could be trading lower in the midst of such a strong and prolonged upward trend. But, was it really a surprise and were there warning signs that preceded the unprecedented price collapse? I think… read more
Futures Broker / Grain News
By K.T. Arasu CHICAGO, May 9 (Reuters) – Investors will get a strong dose of fundamental trading points in grains this week from a set of government data expected to point to growing stockpiles of corn and soybeans in the United States. The possibility of damage to the corn crop from freezing temperatures that were… read more
Swing Trading Strategy for Dow Jones futures [chart]
June Dow Jones –The Dow futures plunged 994 points, to a low of 9840, before a short-covering rebound. The April 27th and May 3rd reversal dates identified the major highs that formed the bearish TR pattern in the Dow Jones futures that signaled the trend shift and triggered the sell. However, today’s wide range day… read more