Today's Market View
Corn Futures Expected to Open 3 to 9 Higher at 7:15 a.m.
22 minutes ago
Corn: Corn rallied sharply again Wednesday on follow-through buying from both sides of the market due to the general consensus acreage will be lost and stocks will tighten, not grow, in 2011-2012.
Soybeans: The other grains supported beans to a certain extent Wednesday. However, strong buying was noted once again from the commercial side, reflecting a more bullish stance by this side of the market.
Wheat: Dwindling production prospects domestically and globally due to excessive rains and drought means stocks could tighten dramatically in coming months from current USDA estimates.
Live Cattle: Ideas demand will continue to slow and feed costs will rise due to the sharp increase in corn prices recently led to heavy selling by both sides of the market in the June contract Wednesday.
Cotton: Cotton's rally was modest in comparison to the other ag markets but gains were still solid on continued commercial interest tied to increasingly bullish fundamentals.
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:
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
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
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
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
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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