WHEAT – Up 8 to 10 cents per bushel. Active export sales of U.S. wheat and news Egypt made its first purchase of wheat in nearly a month combine to boost wheat futures with further support from concern about harm to the U.S. crop from a cold snap this week. CORN – Up 3 to… read more
Tag Archives: soybeans
Grain Opening Calls / Futures Broker
WHEAT – Up 10 to 12 cents per bushel. Brisk export sales, no signs of shipment interruptions to Egypt, a weak dollar, a technical rebound from Friday’s late slide and prospects for end-of-month fund buying lift wheat futures. CORN – Up 5 to 6 cents per bushel. Spillover support from a strong rebound in wheat,… read more
Opening Grain Calls / Futures Broker
WHEAT – Up 8 to 10 cents per bushel. Brisk export sales of U.S. wheat, news Algeria is aggressively seeking wheat imports and talk Saudi Arabia is seeking wheat combine to lift wheat futures. CORN – Up 7 to 8 cents per bushel. Spillover support from soaring wheat market and corn continues to find independent… read more
Swing Trading Strategies – Avoiding Disaster in Soybeans. [chart]
In the January 11th issue of the Traders Market Views Swing Trading report, I commented on a trade I had made earlier to sell March Soybeans, following a failed swing pattern on after Soybeans made a new high on January 3rd. Typically, a failed swing pattern will trigger a significant price move in the opposite… read more
Grains Opening Calls /Futures Broker
1/12 07:51 CST CBOT grains and soy to rally on bullish USDA data 1-12-2011 08:37 CBOT grains and soy to rally on bullish USDA data CHICAGO, Jan 12 (Reuters) – CBOT corn was expected to open 0 to 15 cents per bushel higher on Wednesday following the elease of bullish U.S. and global crop and… read more
Grain Stocks and Production Report / Futures Broker
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
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
Swing Trading Strategies – “Action-Reaction” pattern signals buy for Japanese yen. [chart]
March Japanese yen tested support and reversed inside the buy zone. The yen rallied off the lower parallel action line with very good separation from the low. This is a bullish swing trade setup and suggests the corrective pullback has ended and could be forming a bullish reaction swing. A trade above 1.2080 would confirm… 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