On Wednesday, November 10, 2010, I posted two charts, one for the December Gold and one for the December Coffee. I discussed the “Action-Reaction” time and price projections for both markets and illustrated how the strategy timed the entry and exits signals for both markets. This is a follow up to that post with an… read more
Tag Archives: Traders Network
Opening Grain Calls and News / Futures Broker
WHEAT – Down 10 to 15 cents per bushel. Pressure from talk China may raise interest rates this weekend to cool inflation, which was viewed as bearish for commodities. Showers in the U.S. Plains also weigh. CORN – Down 10 to 12 cents per bushel. Falls amid prospects for China to raise interest rates in… read more
Grain Supply Report / Futures Broker
CHICAGO (Dow Jones)–The U.S. on Tuesday unexpectedly cut its soybean harvest estimate and slashed its supply forecast, setting the stage for gains in soybean futures. Soybean production was pegged at 3.375 billion bushels, down 1% from the government’s October estimate, according to the U.S. Department of Agriculture. Analysts surveyed by Dow Jones, on average, had… read more
Cotton News /Futures Broker
NEW YORK, Nov 9 (Reuters) – The monthly supply report from the U.S. Agriculture Department was seen by analysts on Tuesday as bullish for the cotton futures market. They said the market will get a further boost after the USDA cut the 2010/11 production forecast in top consumer China to 30 million (480-lb) bales, from… read more
Opening Grain Calls and News – Futures Broker
WHEAT – Down 2 to 3 cents per bushel. Firm dollar weighs, as does position-squaring ahead of the release early on Tuesday of the USDA’s November crop production and supply/demand reports. * USDA seen raising U.S. wheat stocks by 2 million bushels. * Dry weather is stressing development of the hard red winter wheat crop… read more
Nonfarm Payrolls – 11/5/2010: Futures News
Nonfarm payrolls rise 151,000 in October * Private employment jumps 159,000 * Unemployment rate steady at 9.6 percent * Average workweek rises to 34.3 hours from 34.2 hours By Lucia Mutikani WASHINGTON, Nov 5 (Reuters) – U.S. employment increased more than expected last month as private companies hired workers at the fastest pace since April,… read more
Grains Opening Calls and News /Futures Broker
WHEAT – Up 10 to 15 cents per bushel. Boosted by falling dollar after U.S. Fed decided to buy bonds in a risky move to boost the struggling U.S. economy. Dry weather in the U.S. Plains HRW wheat region also supportive. * Showers in the U.S. Delta will buoy winter wheat prospects but more rain… read more
Five reports to watch this week: 11/1/2010 – 11/5/2010
• Fed decision: In what will likely be an event covered in financial history books for decades to come, Fed Chief Ben Bernanke and his fellow committee members will announce the latest interest rate policy on Wednesday (2:15 p.m.). No one expects the rate to change from nearly zero, but nearly everyone expects a clear… read more
Currency Update – November 1, 2010 – Futures News
Currency update – Dollar recovers mildly after initial weakness in an otherwise, steady markets. The surprised moves are found in yen crosses but there is no follow through selling then yen. Sterling is lifted mildly by better than expected PMI manufacturing data but again. Aussie was lifted by solid manufacturing data from China. But after… read more
Grain News and Opening Calls – Futures Broker
WHEAT – Up 3 to 5 cents per bushel. Weak dollar, dry weather in U.S. winter wheat region and in west Australia wheat-growing area combine to lift wheat futures. * Dry weather is boosting final seedings of the 2011 U.S. winter wheat crop in the U.S. Plains but rainfall is needed, especially in western Kansas… read more