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
Tag Archives: soybeans
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
Futures news – Opening call for Grains.
WHEAT – Down 2 to 3 cents per bushel. – Profit-taking is expected after Tuesday’s rally peaked around $8 a bushel. Poor condition of Australian crop continue to support the Wheat market. CORN – Down 1 to 2 cents per bushel. – A setback can be expected following the nine-session winning streak in which prices hit highest… read more
Futures News – Weather concerns continues to support Soybeans
CHICAGO (Dow Jones)–U.S. soybean futures are expected to start at a 28-month high Tuesday as forecasts show little chance for rain in hot, dry areas of Argentina and raise concerns about dryness developing in southern Brazil. Traders predict soybean futures will start 7 to 9 cents a bushel higher at the Chicago Board of Trade.… read more
Swing Trading Strategies – Tax Incentives aid bullish reaction cycle in Crude oil. When will it end? [chart]
Crude oil futures remain above the ascending median line support and continue to climb into the January 4th reversal date. The market has been following the bullish cycle in textbook fashion, after breaking out of the latest reaction swing pattern, formed between December 6, 2010 and December 10. 2010 reversal dates. The upward trend is… read more
Grain News and Opening Calls / Futures Brorker
WHEAT – Down 2 to 4 cents per bushel. Concerns about China’s interest rate hike weighed on market but drop expected to be limited by weakness in U.S. dollar and low-quality of Australia’s crop. * China says supplies of wheat are sufficient. * Russian wheat output fell by 32.7 percent to 41.5 million tonnes in… read more
Grain Calls Mixed /Futures Broker
WHEAT – Down 2 to 4 cents per bushel. Outlooks for drier weather in Australia’s wheat harvest lending pressure, but market underpinned by dryness in the U.S. Plains hard red winter wheat region. CORN – Up 2 to 4 cents per bushel. Gains for sixth straight session to a 28-month high on hot and dry… read more
Grain Opening Calls and News / Futures Broker
WHEAT – Up 1 to 3 cents per bushel. * Market supported by concerns about tight supplies of quality wheat following weather problems in Australia and dry conditions in the U.S. Plains. Softer dollar lends support. Wheat also seen as oversold following active corn/wheat spreading this month. CORN – Steady to up 1 cent per… read more
Grain Opening Calls / Futures Broker
WHEAT – Down 2 to 4 cents per bushel * Consolidation expected as some traders close out positions ahead of the weekend. Losses will be limited by weather problems in the U.S. Plains and Australia. * Some light snow expected in the U.S. Southern Plains on Friday but dry conditions forecast for Saturday through Tuesday,… read more
Swing Trading Strategy – What is the next move for Soybeans? [chart]
January Soybeans traded higher after testing support at the 20- day EMA on the December 13th reversal date. The market surged off support and traded above the prior swing high as it formed a wide range momentum bar. However, the market stalled and has been trading sideways to lower over the past three days. Is… read more