Today's Market View Corn Futures Expected to Open 6 to 10 Higher as of 7:15 a.m. CDT
21 minutes ago
Corn: July corn staged an impressive recovery by closing 41 1/2 cents off Thursday's low, possibly indicating a near-term bottom may be in.
Soybeans: Bearish export news -- net weekly export sales cancellations and a 452,000 mt cancellation to unknown destinations -- sparked a double-digit sell-off Thursday.
Wheat: Much like corn, the July Chicago wheat contract seemed to exhaust sell orders after trading at a level not seen since July of last year.
Live Cattle: Not to be outdone, live cattle contracts closed with sharp gains after trading sharply lower on the solid export pace and stronger cash prices.
Cotton: Deferred cotton contracts remained under pressure on selling from both sides of the market. The surging dollar kept noncommercial traders in liquidation mode.
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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
30 year T-Bond option strategy (based on 5 options per trade) for 9 Months Trading 2007 / 2008
June T-Bond Option Strategy P/L..+ $ 9,603.
July T-Bond Option Strategy P/L+ $ 8,047.
Aug. T-Bond Option Strategy P/L.- ($390.)
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
http://www.wfaa.us/coral
