WHEAT – Down 3 to 5 cents per bushel. End-of-month and end-of-week profit-taking lending pressure in addition to weight from a firm dollar. * Dry weather is a concern in the U.S. Plains winter wheat growing region, especially in western Kansas and Colorado. It appears that a dry pattern has become firmly entrenched in the… read more
Tag Archives: Traders Network
Currencies News / Futures Broker
Currencies news – Daily Report: Yen Up Mildly, Dollar Steady ahead of US GDP Yen strengthen broadly today as risk sentiments are hit by disappointing production data from Japan and Korea. Asian equities are broadly lower also as investors lighten their positions ahead of Q3 GDP data from US today as well as a line… read more
Cotton News – Future Broker
Cotton news – 0925 EDT [Dow Jones] – Cotton futures rebound early Friday, supported by supply concerns amidst continued high demand. Prices fell yesterday following a nearly 50% reduction in weekly U.S. export sales from the previous week, a sign that high prices forced mills to slow their purchases. But analysts say despite the drop,… read more
Grain Calls and News / Futures Broker
WHEAT – Up 10 to 12 cents per bushel. Boosted by dry weather in key wheat areas of the U.S. Plains, including western Kansas, and in west Australia. Dryness also a concern in portions of the U.S. Midwest soft red winter wheat region. Weak dollar also supportive, as is a rumor that China may have… read more
Grain Opening Calls / Futures Broker
WHEAT – Down 1/2 to 1 cent per bushel. Pressure from a firm dollar, but market underpinned by dry weather in the U.S. winter wheat region that is leading to concern about seedings of the 2011 crop. * Dry weather beginning to cause concern in the winter wheat areas in the U.S. Midwest and also… read more
Reversal dates for the week of October 18 through October 22.
Monday – S&P Tuesday – Soybeans, Heating oil, Silver, Dow Jones Wednesday – Wheat, Coffee Thursday – Corn, Soymeal, Cocoa Friday – Cattle, Bean oil, Silver, Copper… read more
Grain News and Opening Calls / Futures Broker
WHEAT – Up 3 to 5 cents per bushel Weak dollar, corn strength supportive to wheat futures. Dry weather in key winter wheat-planting areas also viewed as bullish. Traders say market prone to profit taking on rallies. * Rainy weather boosts soil moisture in eastern half of U.S. Midwest, but more storms needed for winter… read more
Retail Sales 10/15/2010 – Futures News
WASHINGTON, Oct 15 (Reuters) – Sales at U.S. retailers rose a stronger-than-expected 0.6 percent in September, lifted by big-ticket items including autos, electronics and appliances, Commerce Department figures showed on Friday. Analysts polled by Reuters had expected an increase of 0.4 percent for September, after an upwardly revised 0.7 percent gain in August. Excluding autos,… read more
Initial Jobless Claims 10/14/2010 _ Futures News
WASHINGTON, Oct 14 (Reuters) – The number of people filing new claims for unemployment insurance rose to a higher-than-expected 462,000 in the latest week, the Labor Department said on Thursday, while the number of people still collecting jobless benefits fell to an almost two-year low. First-time jobless claims rose 13,000 in the week ended Oct.… read more
Grains Opening Calls / Futures Broker
WHEAT – Up 2 to 4 cents per bushel Strength in corn, weaker dollar expected to lead wheat futures higher early. CORN – Up 3 to 5 cents per bushel Prices expected to resume upward trend, after pause on Wednesday, as weak dollar spurs buying from investors seeking hedge against inflation. Commercial buying noted after… read more