Daniels Trading Senior Futures Brokers John Payne and Craig Turner discuss the Grain Trading, Livestock Outlooks, and Macro Economic Markets. This week we focus on the 2000+ Chicago Wheat delivery notification that shocked the market on First Notice Day for the Dec 15 Chicago Wheat contract and what it means for soft red winter (Chicago)… Read more.
The dt Futures Blog is a great place to learn about commodity futures trading and investing. Insightful educationally-focused articles on topics ranging from choosing a futures broker to commodities trading strategies and risk management are published frequently.
Friday was first notice day for Chicago Wheat and there were 2343 contract of wheat that was issued delivery notifications on Friday. That is well beyond what the trade was expecting. It looks like the longs in Dec Wheat are caught on the wrong side of the trade and need to retender and sell wheat… Read more.
I hope every one of you and your families has a great Thanksgiving! The general rule for Thanksgiving week is Monday and Tuesday seem like normal trading days but Wednesday and Friday (half day) get really slow. Usually the only time the markets get very active the before and after Thanksgiving Thursday is if something… Read more.
With WTI Jan Crude oil failing to hit $50, November 2nd at $49.23 and November 3rd at $49.18, that rejection has created a steady descent, following the over downward trend of WTI Crude.
Daniels Trading Senior Futures Brokers John Payne and Craig Turner discuss the Grain, Livestock, and Macro Economic Markets. Particular focus on Argentina’s election results and the possible impact on Soybeans as well as what to look for in the Chicago Wheat contract as we head into First Notice Day with cash 20 to 30 cents… Read more.
This month we will be looking at the MRCI March 16 vs Feb 16 Natural Gas bear futures spread. According to MRCI’s Spread Outlook report “The heating season begins November. As temperatures get progressively colder, distributors sell more gas into the retail market. January is historically the coldest month of the year, with supply typically… Read more.
This weekly feature examines chart formations, along with technical indicators, of two to three commodity markets. Breakouts of these formations may lead to trading recommendations published by the Trade Spotlight advisory service.
January soybean futures have been trading around support in the 850 area. Sunday night they attempted a downside breakout below that level; the rejection of the downside move proved to be a Taylor Trading Technique Buy day.
For the last 2 weeks, the WTI crude market has been making another run lower. Looking at the January contract, WTI attempted to hit the $50 barrel mark and fell short, only reaching $49.23.
Announcement #1: Daniels Trading has a new podcast called Inside Commodity Futures (ICF) and it is hosted by myself and John Payne of This Week in Grain. We talk about Grains, Livestock, the macro markets, and as we get this thing rolling I’m sure we will even talk some Energy markets too. Our aim is… Read more.