Advances for copper futures during the first trading session of February helped drive the reddish metal toward its biggest weekly gain in four months, according to Bloomberg. The base metal’s good fortune as of late is largely linked with strong economic data released by the two nations that are its top users. Copper – due… Read more.
Inclement weather impacting crops in a major South American venue for the legume and its byproducts pushed up soybean futures on Tuesday, according to Bloomberg. The first third of next month is forecast to see Argentina endure dry, warm weather, which cuts down the nation’s crop prospects. In turn, that will enhance U.S. export demand.… Read more.
Conjecture about inclement weather in South America during the next 14 days drew down soybean futures on Thursday, marking the legume’s second consecutive trading session of losses, according to Bloomberg. Parts of Brazil and Argentina will see rainfall amounting to as much as two inches during the next 48 hours, according to Chicago-based QT Weather,… Read more.
Corn futures were pushing toward their lengthiest rally in the past 12 months amid concerns that inclement weather will augment the duress that the grain will endure, according to Bloomberg. Regions of Argentina and Paraguay are forecast for dryness during the next 10 days and the lack of soil moisture is particularly harmful for the… Read more.
The production of wheat in the globe's second-largest generator of the grain is poised to push to record highs for a seventh year thanks to assistance from brisker weather, according to Bloomberg. Yield prospects in India are being prodded higher by colder weather, which also is prompting increased planting, according to Bloomberg. Increased soil moisture… Read more.
This is a sample entry from Craig Turner’s weekly market analysis newsletter, Turner’s Take, published on January 8, 2013. On Friday, January 11th at 11:00 am central time, the USDA will release the January WASDE, Annual Crop Production for Corn & Soybeans, December 2012 stocks, and Winter Wheat seedings. The January 11th USDA report is… Read more.
This is a sample entry from John Payne’s newsletter, This Week in Grain, published on January 7, 2013. I hope you had a fantastic holiday season and a happy New Year. It is WASDE week! This is one of the most critical WASDE reports we see all year. The USDA will provide us their final… Read more.
Copper futures fell on Monday in the aftermath of a report forecast to indicate that factory orders in the euro zone's largest economy dropped for a third month during the past four, according to Bloomberg. The Economic Ministry of Germany, host of the region's healthiest economy, is projected to indicate on Tuesday that orders fell… Read more.
The Trade Spotlight advisory service applies the GBE trading methodology (buying or selling commodity contracts based on breakouts of chart formations and technical indicators) to identify one to two trade setups per week.
Conjecture about reduced production in two key South American nations drove soybean futures higher in value on Monday, according to Bloomberg. Dry weather threatens the legume's crops in Brazil while heavy rain is pinching the harvest in Argentina. Brazil is set to push past the U.S. as the globe's largest producer of the legume, according… Read more.