Dry weather and shipping delays in South America are boosting demand for soybeans from the U.S., the world’s largest grower and exporter, and producing the tightest inventories in almost five decades. Stockpiles will shrink to a nine-year low of 130 million bushels on Aug. 31, before the next U.S. harvest, according to the average of [...]
Market update – Short Bean oil hits target objective! – swing trades, median line, price action
TMV Swing Trade report – December Soybean oil – short from 56.55 – exit price @ 52.60. Hit the target! Bean oil reached the TR pattern target objective as it traded through 52.60 on the projected R date. To learn how to use “Market Timing Intelligence” to enhance you trading performance, click here to access free [...]
Reversal dates for the week of September 3 through September 7.
Monday – Lean Hogs, Soybeans Tuesday – Coffee Wednesday – Natural gas, Australian dollar Thursday – Soybean oil, Heating oil, Cotton Friday – Click here to learn more about reversal dates and Market Timing Intelligence.
Commodities Headed For Bull Market As U.S. Drought Withers Crops
Commodities are poised to enter a bull market led by surging grain futures amid the worst U.S. drought in half a century and on mounting optimism growth in the U.S. and stimulus from China will boost demand. The Standard & Poor’s GSCI gauge of 24 raw materials rose as much as 1.2 percent to 677.29 in London, the highest since [...]
Market Alert – CME changes trading hours for grains.
After being approved by the Commodity Futures Trading Commission the CME Group has expanded electronic grain futures trading to 21 hours. Trade now only stops between 2 p.m. and 5 p.m. Central each day. The new trading schedule started at 5 p.m. on Sunday. CFTC Commissioner Bart Chilton says he’s satisfied the three hours of [...]
Market news – Soybeans May Gain on Speculation U.S. Planting Didn’t Increase-
Soybeans may rebound from their biggest decline since January on speculation that next week’s U.S. Department of Agriculture planting report will show farmers didn’t increase oilseed planting. The USDA’s prospective plantings report, scheduled to be released on March 30 in Washington, may show a 11 percent rise in soybean futures this year hasn’t encouraged farmers to [...]
Market News – Dollar Bulls Beat Bears in Futures for Longest Since 1999
Not since 1999 have currency traders been bullish on the dollar for so long, a sign that the market sees the U.S. resuming its role as the engine of global economic growth. Futures anticipating a stronger dollar against its developed-market peers have outnumbered those predicting a drop for 26 consecutive weeks through the five days [...]
Market alert! Short April Gold hits target objective!
TMV Swing Trade report – Short April Gold from $1692.10 – Hit the Target! – Gold continued the downward slide overnight and reached the target objective target objective. The short position was closed at $1652.50 for a nice gain.
Soybeans Advance to Highest Since September as Brazil Cuts Crop Forecast
Soybean futures rose for a second day to the highest level in five months in Chicago after Brazil, the largest shipper of the oilseed, cut its forecast for production this year. Farmers in Brazil will harvest 68.7 million metric tons of soybeans in the crop year through August, less than a February estimate of 69.2 million [...]
Market Alert – Long March Eurocurrency reached target objective!
TMV Swing Trade report – Long March Eurocurrency from 1.3168 – Exit price @ 1.3220 – Hit the Target! I was looking for a short-term rally, based off the TR pattern on the 120-minute chart. The price advanced to the trigger price overnight and reached the target objective early this morning.