On September 14th, I posted this commentary and recommendation about the December Copper. Soon after this was posted the market traded through the trigger price to elect the buy signal for a long position. December Copper – Copper resumed the longer-term bullish trend after ending the four-day corrective pullback into a projected reversal swing date.… read more
Tag Archives: Traders Network
Grain Stocks / Futures Broker
US Sep 1 Stocks: Soybeans 0.151 Bln Bushels, Vs 0.571B US Sep 1 Stocks: Corn 1.708 Bln Bushels, Vs 4.310B Jun 1 US Sep 1 Stocks: Wheat 2.459 Bln Bushels, vs 0.976B Jun 1 USDA US Revised 2009 Soybean Crop 3.359 Bushels USDA 2010 All Wheat Crop 2.224 Bln Bushels; Vs 2.265B Aug… read more
Crude Oil Inventories / Futures Broker
NEW YORK, Sept 29 (Reuters) – U.S. crude oil inventories fell slightly more than expected last week on lower imports, a government report showed on Wednesday. Stocks of gasoline and distillates also dropped, against forecasts of builds, as refinery utilization slumped 2 percentage points to 85.8 percent, according to the report by the U.S. Energy… read more
Grain News and Calls / Futures Broker
WHEAT – Down 18 to 20 cents per bushel. Improved crop weather in several important growing areas, including drought-hit Russia, long-liquidation and profit-taking combining to weigh on wheat market. * Improved chances for rainfall in the drought-hit regions of Russia will boost soil moisture and aid germination of newly sown winter wheat. * Favorable weather… read more
Initial Jobless Claims 9/23/2010 -Futures News, Jobless Claims Unexpectedly Rise
WASHINGTON, Sept 23 (Reuters) – New U.S. claims for unemployment benefits rose unexpectedly last week, government data showed on Thursday, highlighting continued labor market weakness. Initial claims for state unemployment benefits increased 12,000 to a seasonally adjusted 465,000, the Labor Department said, breaking two straight weeks of declines. Analysts polled by Reuters had forecast claims… read more
Grain News and Opening Calls – Futures News
WHEAT – Up 8 to 10 cents per bushel. Dry weather in Australia, Russia and portions of Argentina, combined with a season-ending frost in Canada that may have harmed some of the immature crop, boosts wheat futures to six-week high. * Frost kills Canada crops, Wheat Board sees quality concerns. * Showers in portions of… read more
Market news to watch for 9/20/2010-9/24/2010
Five Stock Market Changers to Watch This Week Featured Story: Study: Americans $6.6 Trillion Short of What They Need for Retirement ________________________________________ • Interest rates: The Fed will announce benchmark U.S. interest rates on Tuesday (2:15 p.m.). The rate itself is likely to stay at virtually zero, but investors will watch language the committee uses… read more
Grain News and Opening Calls – Futures Broker
By Tom Polansek Of DOW JONES NEWSWIRES CHICAGO (Dow Jones)–Wheat prices are poised to end a three-day losing streak on global weather worries and spillover support from a rally to nearly two-year highs in corn. Traders remain nervous about tight world supplies of wheat after a severe drought devastated Russia’s crop this summer and prompted… read more
CPI 9/17/2010 – Futures News
Consumer prices rise 0.3 percent in August By MARTIN CRUTSINGER AP Economics Writer WASHINGTON (AP) — Consumer prices posted a small rise in August, but outside of a big jump in volatile gasoline prices, inflation was essentially flat. Consumer prices edged up 0.3 percent in August, matching the July increase, the Labor Department said Friday.… read more
PPI 9/16/2010 – Futures News, Futures Broker
WASHINGTON, Sept 16 (Reuters) – U.S. producer prices rose slightly more than expected in August as energy prices recorded their first increase since March, government data showed on Thursday, calming fears of deflation for now. The Labor Department said the seasonally adjusted index for prices paid at the farm and factory gate increased 0.4 percent,… read more