December Silver advanced into a cluster of reversal dates (Tuesday, September 28 and Wednesday, September 29). Silver reached the reaction line price objective in concurrence with the reversal date cluster. This combination will typically have a strong influence on the next market direction over the short-term. Thursday—the “trail day”—began with a trade above the September 29thhigh, reaching… read more
Tag Archives: Trading News
Argiculture Report /Futures Broker
CHICAGO, Sept 30 (Reuters) – The U.S. Agriculture Department on Thursday pegged U.S. corn stocks as of Sept. 1 at 1.708 billion bushels, above trade for 1.412 billion bushels. Stocks stood at 1.673 billion a year ago. The USDA, in its quarterly grain stocks report, estimated soybean ending stocks on Sept. 1 at 151.1 million… read more
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
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
Initial jobless Claims (9/16/2010) – Futures News, Futures Broker
WASHINGTON, Sept 16 (Reuters) – U.S. claims for unemployment benefits unexpectedly fell last week, dropping to a two-month low, according a government report on Thursday that hinted at some stability in the labor market. Initial claims for state unemployment benefits slipped 3,000 to a seasonally adjusted 450,000, the lowest since the week ended July 10,… read more
Opening Grain Calls and News – Futures News
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
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