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The markets are higher today as more snow is forecast in the central US and that will further delay corn harvest. Farmer sales also tend to slow down during the week of Thanksgiving and that can be supportive too. Andy Daniels, the founder of Daniels Trading, has an opinion about rice today
The markets are higher today as more snow is forecast in the central US and that will further delay corn harvest. Farmer sales also tend to slow down during the week of Thanksgiving and that can be supportive too. Andy Daniels, the founder of Daniels Trading, has an opinion about rice today
USDA has been given a lot of grief lately about various reports and rice hasn’t been left off the list regarding questionable numbers. The difference with rice is twofold; not only is production overstated, but the demand estimates have been artificially lowered due to insufficient supplies. The production side of the equation is generated by…
This is a sample entry from Don DeBartolo’s email newsletter, Trade Spotlight:Futures, published on Friday, July 01, 2016. Short the September 2016 Rough Rice contract from 1093.5 (6/24/16). Market settled at 1064.5. Marked-to-market profit of $580. Stop loss: Move buy stop to 1108.0, above recent contract highs, GTC. (Remaining Risk: $290) Target: Maintain buy limit… 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.
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.