Today's Market View Corn Futures Expected to Open Steady to 2 Higher as of 7:15 a.m.
23 minutes ago
Corn: A return of noncommercial interest allowed the corn market to recover a portion of Monday's collapse. Trade could remain slow ahead of Thursday morning's USDA reports.
Soybeans: Renewed buying from both sides of the market sparked a solid double-digit rally in soybeans Tuesday as the market grows more bullish fundamentally.
Wheat: More rain was put in the forecast for Western Europe this week leading to follow-through selling at all three exchanges Tuesday.
Live Cattle: Oversold conditions and cash optimism for this week resulted in a sharp triple-digit rally wiping out a good portion of Monday's retreat.
Cotton: Concerns that USDA will lower its demand projection in Thursday morning's WASDE report led to limit-down (7-cents) losses in the first three cotton contracts.
-----------------------------------------------
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
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