By Tom Polansek Of DOW JONES NEWSWIRES CHICAGO (Dow Jones)–Soybean prices are poised to start higher Wednesday in an attempt to keep pace with a strong rally in the corn market. Soybean prices have felt spillover support from corn recently as corn has consistently set fresh 23-month highs on worries about disappointing U.S. yields. Soybeans… read more
Tag Archives: Traders Network
Grain News and Opening Calls – Futures Broker
WHEAT – Down 3 to 5 cents per bushel. Pressure from news Australia increased its forecast for wheat exports and Russian Prime Minister Putin repeated that Russia would not need to import grain. * Australia ups 2010/11 wheat export forecast 26 percent. * Russia has enough grain, no export until 2011 harvest-PM. * Dry conditions… read more
Grain Opening Calls – Future Broker
WHEAT – Up 8 to 10 cents per bushel. Support from active exports of U.S. wheat as global production declines. A weak dollar also lending support. * High Ukraine wheat prices prevent export to Russia. * Australia heads for biggest wheat crop in 5 years – ACF * Dry conditions continue to hamper winter wheat… read more
Crude Oil Inventories – Futures News
NEW YORK, Sept 9 (Reuters) – U.S crude oil inventories last week fell unexpectedly as refineries ramped up their utilization rates, a government report showed on Thursday. Distillate and gasoline stocks also fell in the week to Sept. 3, as distillate output slipped and total product demand over the last four weeks rose 0.7 percent… read more
US Trade Balance – Futures News (9/9/2010)
Trade deficit narrows to $42.8 billion in July By MARTIN CRUTSINGER AP Economics Writer WASHINGTON (AP) — The trade deficit narrowed significantly in July as exports climbed to the highest level in nearly two years, reflecting big gains in sales of U.S.-made airplanes and other manufactured goods while imports declined. The July deficit fell 14… read more
Swing Trading Strategies – New reaction swing pattern in Copper, what does it mean? [chart]
The TMV Swing Trading Report is currently holding a long recommendation for December Copper at 347.50 – Over the past few days, Copper pulled back to test support from the prior swing high (343.05 on August 4th), before rebounding slightly near the close. This short-term corrective pullback has formed a reaction swing pattern with a trigger… read more
Futures Broker / Grain Calls and News
CHICAGO (Dow Jones)–U.S. soybean futures are poised for a weaker start to Tuesday’s day session, slipping on pressure from neighboring grain futures, seasonal weakness and positioning ahead of government crop reports. Overnight, Chicago Board of Trade soybean futures for November delivery were 2 1/2 cents lower at $10.32 1/2. Analysts expect soybeans to start 2… read more
Futures Broker / Grain News and Calls
By Tom Polansek Of DOW JONES NEWSWIRES CHICAGO (Dow Jones)–Wheat prices are expected to rise as traders digest disappointing harvest results from former Soviet states devastated by drought and wait for the results of a tender from Egypt, the world’s largest importer of the grain. The harvest is rolling in the former Soviet Union and… read more
Futures Broker / Grain
WHEAT – Down 10 to 12 cents per bushel. Improved winter wheat seeding weather in parts of Russia, some rainfall in dry wheat areas of west Australia, profit-taking and a firm dollar combine to weigh on wheat futures. * EU wheat slips, outside markets, weather weigh. * Cooler temperatures and some rainfall has eased stress… read more
Future Broker / Grain News and Calls
WHEAT – Up 12 to 15 cents per bushel. Prospects for Russia to import grains following the worst drought on record lifting wheat prices. * Concern about dry weather in western Australia adds support. * Dry, cold weather hampers Argentine wheat – gov’t. * EU wheat lifted by export demand, more German rain. * Russian… read more