CFTC released updated COT numbers a short while ago and we a HUGE jump in the reduction of net shorts in Corn and to a lesser but still impressive degree SRW Wheat.
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Happy Friday friends! Check out the podcast/audio at the bottom. I review the COT reports there. Here are the results for the week: January soybeans will take over the top step on Monday. Cattle on feed came in: On Feed 101% Placements 98% Marketings 105%. This is what the bulls want to see. A bottom… Read more.
Good morning friends! Corn 351’0 unch Soybeans 977’0 +1’4 Chi Wheat 417’2 +’2 KC Wheat 424’6 +1’2 Cotton 69.20 -.61 A quick reminder that November options expire today on the close in all of the session. I expect a lot of volatility in Soybeans early next week as this is a major expiration… Read more.
Good evening friends! Corn 350’6 -6’6 Soybeans 976’0 -5’2 Chi Wheat 415’6 -4’4 KC Wheat 422’2 -3’0 Cotton 69.80 -1.30 Buy the rumor sell the fact was the theme of the day across the the CBOT and Cotton markets as prices retreated after fantastic export data was announced this morning. The… Read more.
The Taylor Trading Technique (TTT) seeks to anticipate when short term trend changes are likely to occur and then takes positions to take advantage of traders who get trapped when the market reverses direction. Today was a Taylor Trading Sell Short day in gold futures. After making a low last Friday, it rallied for the… Read more.
There is a trade opportunity based on a Trend Line breakout today in the Soybean Meal futures market.
Good morning friends! Corn 358’2 +’2 Soybeans 985’0 +3’4 Chi Wheat 420’4 +’4 KC Wheat 427’0 +1’6 Cotton 71.49 +.39 USDA released exports a few minutes ago: Bean export sales of 2,008,500 MMT for 2016-17 came in well above expectations, this was a huge week. Wheat export sales of… Read more.
Good evening friends! Corn 358’0 +4’2 Soybeans 982’2 +9’6 Chi Wheat 421’0 +1’0 KC Wheat 426’0 +4’2 Cotton 71.14 -.01 Corn and wheat find support on the breaks while cotton and soybeans jump higher with the crude oil market. The mitigated disaster that is the US livestock market has some hand… Read more.
FRESH PODCAST ALERT | Click here to check out our new Inside Commodity Futures podcast. I talk about the Federal Reserve, Crude Oil, Natural Gas, Soybeans, Corn, Wheat, Live Cattle and Natural Gas. If you want to be notified when Inside Commodity Futures is release please subscribe via iTunes or Android in the links below.… Read more.
Daniels Trading Commodity Futures Broker Craig Turner discusses the market’s expectations for interest rate increases and why the US Dollar, precious metals, treasuries and US stocks are stabilizing. We also go over what to look for if Dec Crude breaks $53.30, if Dec Natural Gas test 3.15, the ranges in Soybeans, Corn, and Wheat, and our thoughts on the multiyear lows… Read more.