Market alert! – Long March Wheat approaching median line target objective!

TMV Swing Trade report – Long March Wheat from $6.58 – Wheat prices surged out of the bullish reaction swing and are quickly approaching the the target objective where the upward sloping median line intersects the down sloping reaction line. I look for the market to pause at this level and possibly pullback. Therefore, I [...]

Wheat Climbs to Three-Week High as Russia May Slow Shipments on Low Supply

Wheat advanced to a three-week high in Chicago as Russia may slow shipments of the grain with supplies for exports down. Corn and soybeans gained. Wheat stockpiles held by farmers in Russia’s main exporting regions in the south have dropped below last year’s levels, declining as much as 50 percent in some areas, SovEcon, a Moscow-based agricultural [...]

Corn Traders Extend Bullish Bets on South America

Corn traders are bullish for a fifth consecutive week on speculation that dry weather in South America is damaging crops, boosting demand for U.S. supplies at a time when stockpiles are predicted to shrink to a 16-year low….  http://www.bloomberg.com/news/2011-12-30/corn-traders-extend-bullish-bets-on-south-america-crop-damage-commodities.html

Market update – Long March Corn hits target objective! – median line, reversal dates, swing trading strategies

TMV Swing Trade report – Long March Corn from $5.96 1/2 – Hit the Target! – Corn surged higher today and reached the target objective to close the long position at $6.35. This trade recommendation is a good example of how a market can react after a swing pattern failure. If you are a regular [...]

Market Update – Short December Wheat – finding support on median line – swing trading strategies, swing trade signals, price action

TMV Swing Trade report – Short from $6.10 – last price @ $5.84 – Wheat traded within 3 cents of the projected target price before rebounding.  The intra-day chart is now showing a possible bullish spike. Since I want to be out of this short position before the close, I look at this a good [...]

Morning opening calls for grains.

Soybeans – Called higher on rumors overnight of China buying U.S. or South American soybeans. However, near perfect growing conditions in South American could limit gains. Corn – Called to open mixed as traders say tight supplies are being offset by weak demand. Expect light trading volume due to approaching holiday Wheat – Called 1 to 2 [...]

Market Alert! – Wheat rebounds off confluence of support, will the rally last this time?

December Wheat tested the confluence of support provided by the intersection of the downward sloping median line and upward sloping parallel line. This is the third test of the support and the market is rebounding with good momentum as well as forming a three-bar reaction swing.  The price action is suggesting Wheat is ready could [...]