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TFC Commodity Trading Forum

Grains and Meats / Market Pick

Today's Market View Corn Futures Higher Ahead of USDA Reports
22 minutes ago

Corn: Heavy commercial buying sparked a near limit-up rally in July corn Wednesday as processors try to ensure needed supplies for summer use.

Soybeans: Spillover support from the surge in crude oil and corn allowed the bean market to close higher, albeit well off session highs.

Wheat: Renewed commercial buying pushed wheat at all three exchanges to solid gains led by the Minneapolis market as traders expect domestic ending stocks to decrease in Thursday morning's USDA reports.

Live Cattle: Live Cattle contracts recovered from early losses to close with moderate gains in large part tied to higher cash prices in the Plains.

Cotton: It was a mixed day in cotton as old-crop contracts remained on the defensive while the new-crop December posted a slight gain as both markets were limited by heavy commercial selling.

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Since 1996 by request from many traders new and old hands at trading I was ask to post my calls at that time on AOL Commodity forum board. I did and it soon turned into my E mail service called Market Pick, posting my calls in advance of the markets and offering in my trading course. I believe you will enjoy watching the markets after the market opens.

Simplicity is the most powerful approach to trading you can have. Send me a E mail for information on my trading course called "The Art Of Trading"

My market calls are my opinions and the average is around 75% right 25% wrong based on my trading methods.

Market Pick Sample:

Grains

5/03 July Rice buy 15.41 price hit
4/25 July Wheat buy 8444 price hit
4/13,20 July Corn buy 7892 canceled

Meats:

5/05 July L-Hogs: sell 92.270 price hit
5/03,4 Aug. F-Cattle sell 134.120 price hit, 132.920 price hit
5/03 Aug. L-Hogs sell 95.450 price hit

Soft's / Misc.

5/02 July Cotton sell 146.20 price hit
4/25,26 July Cotton sell 164.00 price hit
4/25,28 July Coffee buy 302.50 price hit

Metals:

5/02,5 July Silver buy 49.85 canceled
4/27 June Gold buy 1519.5 price hit
4/07 June Gold buy 1463.9 price hit

Energies:

3/10,14 June Nat. Gas sell 3.957 price hit, 3.800 canceled
2/22 April Nat. Gas sell 3.949 price hit, 3.867 price hit
2/17,18 April Crude Oil sell 87.06 canceled

Currencies:

5.02 June B/Pound buy 1.6730 price it
4/27 June B/Pound buy 1.6593 price hit
4/18,20 June S/Franc buy 1.12440 price hit

Financial's / Indexes

5/03 June Eurodollar buy 99.715 price hit
5/03,4 June S&P 500 buy 1364.0 canceled
4/06,7 June Eurodollar buy 99.70 price hit

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July T-Bond Option Strategy P/L..+ $ 8,047.
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Sept. T-bond Option Strategy P/L...+ $ 13,378.
Oct. T-Bond Option Strategy P/L..- ($ 1,504.)
Nov. T-Bond Option Strategy P/L...+ $ 17,870.
Dec. T-Bond Option Strategy P/L...+ $ 8,999.
Jan. T-Bonds Option strategy P/L...+ $ 5,308.
Feb T-Bonds Option Strategy P/L....+ $ 6,716.
P/L for 9 months...+ $ 68,027.

This is probably one of the easiest option strategies one can do with options almost daily. Easy to put on and exit. Very easy to learn and simple to do. It works because of momentum building on momentum. E mail me for information concerning the T-Bond option strategy.

To review comments about my trading course and Market Picks click on link below. Send E mail request, please fill in subject box saying, send Market Pick information.

You will also receive the Daily Market View - Grains and Meats morning reports along with Optionetics Commentary, Trading strategies and the popular Commodity Round up reports.

USCoralSea