On Thursday, June 30th at 11AM the USDA will release their Planted Acreage and June 1 Stocks reports. John Payne and I recorded our weekly Inside Commodity Futures podcast today and reviewed the reports. You may listed to our analysis here: https://www.danielstrading.com/news/grain-futures/2016/06/28/inside-commodity-futures-usda-june-30th-report-preview At the end of this wire you will find the industry estimates for… Read more.
Turner’s Take Ag sees 2016 corn prices having a possible range from $3.25 to $4.20 in the Dec 2016 futures given a normal weather year. If we have weather issues prices cold push higher to a range of $3.50 to $4.50 based on Dec 2016 corn futures. To find out more about how we determine these prices and… Read more.
March corn is now trading above $4.50 and has stopped us out of our short position from $4.25. While I remain bearish on corn prices for 2013/14 and 2014/15, you can’t deny these low US corn prices have spurned demand from exports, ethanol and animal feed.
Futures contracts are either cash settled or physically delivered. Futures contracts that are physically delivered require the holder to either produce the commodity or take delivery from the exchange. Futures contracts that are cash settled are not deliverable and a simple debit or credit is issued when the contract expires.
While the holder of a futures contract is obligated to fulfill the terms of the contract, most futures contracts are closed out well before delivery may occur. To avoid delivery and the costs of retendering, futures traders need to fully understand First Notice Day (FND) and Last Trading Day (LTD).
One of the main draws traders have towards futures spreads is the reduced margins, but it is important to understand why the exchanges issue margin credit for spreads. The exchanges recognize margin for both flat priced futures and futures spreads should be proportionate to their risk and volatility. In this article, we will go over examples of reduced margins in Crude Oil spreads.
Many traders pay attention to price gaps on a chart. Are gaps significant and should they be part of a trader’s strategy? Or are gaps merely a gap in price just because there was a gap in time between recorded trades at the exchange?
This is a sample entry from Craig Turner’s weekly market analysis newsletter, Turner’s Take, published on May 08, 2013. In this issue: WASDE: Looking forward to new crop estimates Corn: Bearish new crop corn – sell rallies — if not short already, look to sell Soybeans: Bearish new crop soybeans – sell rallies — if… Read more.
This is a sample entry from Craig Turner’s weekly market analysis newsletter, Turner’s Take, published on February 04, 2013. In this issue: MACRO Markets: Cash continues to leave the sidelines and get in the game. CORN: Drought conditions in WCB getting better with recent rains. We continue to hold bear spread new crop CZ/CU from… Read more.