CHICAGO, Dec 15 (Reuters) – Signs of good export demand supported Chicago Board of Trade wheat and soybean futures early on Wednesday, traders said. Shortly before the futures market opened, Egypt announced it bought 110,000 tonnes of hard red winter wheat from the United States. Additionally, Jordan bought 150,000 tonnes of U.S. hard red winter… read more
Tag Archives: soybeans
Opening Grain Calls and News / Futures Broker
WHEAT – Up 4 to 6 cents per bushel Weak dollar boosting market in addition to ongoing concerns about harvest delays, crop conditions in Australia as well as dry weather in U.S. Plains * Dry weather and wide temperature swings will cause further stress to the hard red winter wheat crop in western areas of… read more
Swing Trading Strategy – Energy building for a significant move in Coffee. [chart]
Coffee has been forming a consolidation pattern over the past few weeks. I look at this sideways consolidation pattern and see two smaller reaction swings inside the larger reaction swing (identified by the high pivot on November 9 the low pivot on November 16th. The three reaction swings have formed a bullish pennant formation and that gives… read more
Crop production – 12/10/2010
CHICAGO, Dec 10 (Reuters) – The U.S. Agriculture Department pegged U.S. corn ending stocks for the 2010/11 (Sept/Aug) season at 832 million bushels, raising it from its November estimates when an average of trade estimates had expected a lower ending stocks number of 806 million. The USDA estimated 2010/11 U.S. soybean ending stocks at 165… read more
Opening Grain Calls / Futures Broker
WHEAT – Up 3 to 5 cents per bushel. Lifted by weather concerns in Australia and in the U.S. with additional support from increasing U.S. exports of wheat, including a sale of 250,000 tonnes to Iraq and a weekly government sales number that was above estimates. CORN – Down 2 to 3 cents per bushel.… read more
Grain Opening Calls and News / Futures Broker
WHEAT – Down 10 to 15 cents per bushel. Pressure from a higher dollar and profit-taking after the rally early in the week to a four-month high left the market technically overbought and due for a correction. * USDA to cut U.S. wheat stocks amid Australian rain. * Floods in Australia cut wheat crop. Estimated… read more
Weather News Grains Calls Higher / Futures Broker
WHEAT – Up 12 to 15 cents per bushel. Support from excessive wet weather in Australia’s wheat harvest and dry weather in portions of the U.S. winter wheat region and in China’s wheat belt. Weak dollar also supportive. * Australia sees record wheat crop, but quality down. * Paris wheat at new high on Australia… read more
Grain News and Opening Calls / Futures Broker
WHEAT – Up 5 to 10 cents per bushel. Support from excessive wet weather in Australia’s wheat harvest and dry weather in the U.S. western Plains and in portions of China’s wheat growing region. Gains limited by a firm dollar. CORN – Down 3 to 5 cents per bushel. Firm dollar, lower crude oil and… read more
Grain Calls -Futures Broker
WHEAT – Up 20 to 25 cents per bushel. Excessive rainfall in Australia’s wheat harvest, dry weather in the U.S. Plains and prospects for a sale of U.S. wheat to Egypt boost prices in addition to support from a weak dollar. CORN – Up 8 to 10 cents per bushel. Lower dollar, higher crude oil… read more
Grain Opening Calls and News – Futures Broker
WHEAT – Up 3 to 5 cents per bushel. Dry weather in the western U.S. winter wheat region and excessive wet weather in Australia’s wheat harvest combining to lift wheat futures. * Dryness continues to be a concern in the U.S. western winter wheat growing region. There are signs of rainfall for next week but… read more