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
Tag Archives: Futures Trading
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
NonFarm Payrolls [7/2/2010] – Futures News
Nonfarm payrolls fall 125,000 on census jobs * Private hiring rises 83,000 after weak May * Unemployment rate dips to 9.5 pct vs 9.7 pct in May * Average workweek edges down to 34.1 hours WASHINGTON, July 2 (Reuters) – U.S. employment fell for the first this year in June as thousands of temporary census… read more
Futures Broker / Grain Calls and News
WHEAT – Down 1 to 2 cents per bushel. Profit-taking ahead of three-day weekend and after the big rally on Thursday. U.S. seasonal harvest pressure also weighs, but market underpinned by harsh weather in portions of Europe and in the Black Sea wheat region. CORN – Down 2 to 3 cents per bushel. Profit-taking after… read more
Swing Trading Strategies – R swing triggers buy for British pound – where will it go? [chart]
In the last issue of the TMV Swing Trade Report, I talked about the recent British pound price action and the possible bullish pattern forming over the past few days. The market had traded to a high of 1.5130, just missing my initial 1.5155 target objective identified by the reaction line. The market ended up backing… read more
EIA ENERGY STOCKS REPORT (6/30/2010) – Futures News
NEW YORK, June 30 (Reuters) – U.S. crude oil futures pared gains on Wednesday after a government report showed crude oil stocks fell last week more than analysts had forecast, but less than industry data had shown in a report on Tuesday. The U.S. Energy Information Administration said crude stocks fell 2.01 million barrels last… read more
Futures Broker / Grain Calls and News
WHEAT – 5 to 7 cents per bushel higher. * USDA reported June 1 U.S. wheat stocks at 973.4 million bushels, above the average trade estimate of 940 million. * USDA reported U.S. 2010 all-wheat acreage at 54.3 million acres, slightly above an average of analyst estimates at 53.8 million. CORN – 15 to 20… read more
Futures Broker/ Grain Report
WASHINGTON, June 30 (Reuters) – The U.S. Agriculture Department released its acreage report on Wednesday. Following are highlights from the report. Corn Planted Acreage Up 2 Percent from 2009 Soybean Acreage Up 2 Percent All Wheat Acreage Down 8 Percent All Cotton Acreage Up 19 Percent Corn planted area for all purposes in 2010 is… read more
Futures Broker / Grain Report
WASHINGTON, June 30 (Reuters) – U.S. farmers could harvest 13.2 billion bushels of corn, the Agriculture Department’s annual report on plantings indicated on Wednesday, implying harvest could be 1 percent smaller than its forecast earlier this month, but still narrowly topping last year’s record. Soybean harvest could be 3.3 billion bushels, up 1 percent from… read more