Today's Market View Corn Futures Expected to Open 2 to 4 Lower as of 7:15 a.m. CDT
17 minutes ago
Corn: Continued commercial buying has led to increased strength in the corn market. The carry in the new-crop futures spread continues to weaken, indicating a more bullish longer-term commercial outlook.
Soybeans: The soybean market remains in a sideways trend with recent action amounting to little. Futures spreads and trend remain flat, waiting for either side of the market to become interested.
Wheat: Buying tied to short-covering seems to be sparking the recent rally in wheat, as the commercial outlook remains bearish. Seasonally the market tends to turn more bullish in late summer.
Live Cattle: Noncommercial selling tied to the stronger U.S. dollar index and weaker DJIA had live cattle contracts on the defensive. However, some commercial buying has been seen.
Cotton: Solid commercial buying has been noted, leading to a sharp rally in the new-crop futures. The market hasn't broken out of its downtrend, but soon could if support continues to build.
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.
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"
Just one example what is taught in the course.
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 Trading Course Information) Market Picks are no longer available because of health issues.