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
Tag Archives: Futures Trading
Grains Opening Calls and News / Futures Broker
CHICAGO (Dow Jones)–U.S. wheat futures are expected to start slightly higher Monday as the markets rebound from a sell-off last week. Futures prices recovered a bit after falling 2.5% last week in a setback from a surge to 28-month highs. Poor global weather, including excessive rains in eastern Australia, sparked the recent rally and continue… read more
Grains Lower Rebalancing Begins On Friday / Futures Broker
WHEAT – Down 7 to 8 cents per bushel. Firm dollar and follow-through technical selling lending pressure as long-liquidation continues as index fund portfolio rebalancing begins on Friday. * Mostly favorable conditions for final wheat harvest in southern Australia while wet weather remains a problem in the north. [ID:nDTN614] * The potential for snowfall this… read more
Grain Calls and News /Futures Broker
WHEAT – Down 5 to 6 cents per bushel. Firm dollar and profit-taking after Wednesday’s rally weighs on prices. Traders said the wheat market appeared to be topping out at around five-month highs in CBOT and two-year highs in KCBT and MGEX. * Mostly favorable conditions for wheat harvest in southern Australia while showers in… read more
Swing Trading Strategies – Reversal date triggers 30-cent rally in Wheat! [chart]
March Wheat traded to a new high, on the January 3rd reversal date. The new high was followed by a price decline on January 4 and early in the January 5th session, before the reversal date kicked in and triggered a 32-cent rally. The reversal rally has regained all of the previous day’s losses as… read more
Swing Trading Strategies – Silver Peaks on Projected Reversal Date! What’s Next? [chart]
March Silver – The January 3rd reversal date triggered a significant reversal after March Silver futures posted a new multi-year high on Monday, January 3, 2011. Tuesday’s session began with a lower gap opening and the market continued to fall under heavy selling pressure, dropping $1.80 before making a slight rebound into the close. This… read more
Grain News and Opening Calls / Futures Broker
WHEAT – Down 1 to 2 cents per bushel. Profit-taking after CBOT wheat rally to five-month highs and as high-protein KCBT and MGEX wheats rose to two-year highs due to deterioration of Australia’s crop amid excessive rainfall and flooding and on dryness in the U.S. Plains HRW wheat area. * Australia wheat quality slumps in… read more
Opening Grain Calls and News / Futures Broker
WHEAT – Up 18 to 20 cents per bushel. Flooding in global wheat producer and exporter Australia boosting prices to a five-month high. ** Bitter cold temperatures over the weekend in the U.S. Plains hard red winter wheat area likely caused little to no harm to the crop as a blanket of insulating snow covered… read more
Swing Trading Strategies – “Action/Reaction” setting up potential sell pattern in N-gas. [chart]
February Natural gas has been trading higher, after bouncing off the descending median line. The eight-day rally advanced Natural gas into the December 28th reversal date, setting up a potential bearish reaction swing. However, the December 28th reversal date failed to trade above the prior high–needed to set up the sell pattern. The following day–Thursday, December 29th–did… read more
Futures news – U.S. Crude oil stocks down again this week.
NEW YORK, Dec 30 (Reuters) – U.S. crude oil inventories fell less than expected last week as refinery utilization rose, according to a weekly report from the Energy Information Administration on Thursday. Domestic crude stocks dropped by 1.26 million barrels to 339.43 million barrels in the week to Dec. 24, the report showed, against expectations… read more