Tag Archives: Grains

Swing Trading Strategies – Projected reversal date pegs high in Corn! [chart]

May Corn – Corn traded sharply higher, reaching a high of $7.68 and reaching the 60% sell zone, before Wednesday’s (April 20, 2011) projected reversal date kicked in and turned the market lower. Corn tumbled over 29 cents into the close, finishing the day as an “outside” day with a bearish tail. This price action… read more

Trading in Futures -Market Wrap up for April 20, 2011

Stock Indices were on the rise June Mini Dow closed @ 12455 June ES closed @ 133425 June Mini NASDAQ close @ 237600   Metals are once again on the Rise, making new highs fanning the inflation Flames aided by a continued decline in the Dollar June Gold  @1489.9 (close) May Silver @ 4446.1 (close)   The… read more

Trading in Futures – Market Wrap up for April 19, 2011

Stock Indices found strength into the close June Mini Dow closed @ 12225 June ES closed @ 130850 June Mini NASDAQ close @ 231050   Metals are once again on the Rise, making new highs fanning the inflation Flames June Gold  @1495.5 (2:36 pm MST) May Silver @ 4398.5 (2:36 pm MST)   Inside Day in the Dollar Index however… read more

Grains – USDA stands pat on corn/soy stocks.

CHICAGO, April 8 (Reuters) – The U.S. Department of Agriculture on Friday kept its estimate of U.S. corn ending stocks unchanged at 675million bushels, which was above an average trade forecast for 586 million bushels.    The USDA also kept its estimate of U.S. soybean ending stocks unchanged at 140 million bushels, just above an average… read more

Grains news – Chinese rate hike to pressure soybeans

CHICAGO, April 5 (Reuters) – Soybean futures on the Chicago Board of Trade were expected to open down 8 to 10 cents a bushel Tuesday, pressured by news China was raising benchmark deposit and lending rates in an attempt to cool inflation.    Also weighing on prices is the advancing harvest of what is expected to… read more

Grains called to open sharply higher

* Corn seen up 15-30 cents on bullish USDA data * Soybeans called up 35-45 cents, wheat seen up 10-20 * USDA corn, soy stocks data bullish, to offset acreage * Wheat seen following corn, soy despite bearish USDA data CHICAGO, March 31 (Reuters) – U.S. corn futures wereforecast to surge by as much as… read more

Wheat and Corn Stocks larger than expected!

By Russell Blinch and Roberta Rampton WASHINGTON, March 10 (Reuters) – Stockpiles of U.S. wheat and corn are forecast to be larger this year than traders had expected, a government report said in a report on Wednesday, noting sky-high wheat prices have trimmed demand.    The Agriculture Department forecast U.S. wheat stocks of 843 million bushels… read more

TMV Swing Trading Report – Wheat plunges after sell signal triggered. [chart]

TMV Swing Trading Report – Short May Wheat @ $7.84 – May Wheat traded up to the downward sloping parallel line and tested the 20-day EMA. The market reversed at the parallel line plunged to a new low, breaking below the February 23rd pivot low. I will have updated stops and target objectives in the… read more

Swing Trading Strategies – Short Soybean oil hits target objective! [chart]

TMV Swing Trade report – Short March Soybean oil @ 56.35 – Hit the target! Bean oil traded to a low of 53.31, to close the short position at the 53.35 target objective. From this juncture, I look for Bean oil to bounce off the lower parallel support line and begin to form a new… read more