June 23rd, 2017 Newsletter

Try our new daytrading signals newsletter via email daily as well as review of the corn market as we head into the critical month of July.

June 23, 2017 - Issue #881

In This Issue

1. Day Trading Signals Newsletter
2. Hot Market report: Corn Prices Fall Back, But Critical Month of July Approaches
3. Economic Calendar

1. New Day Trading Signals Newsletter


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2. Hot Market report: Corn Prices Fall Back, But Critical Month of July Approaches

From our friend Jim Wyckoff at JimWyckoff.com

Click on image below to enlarge

corn futures; The corn futures market has backed way down from the spike high scored in early June. Bulls and bears are now back on a level overall near-term technical playing field. See the support and resistance lines on the chart. The direction in which prices move beyond these lines will very likely be the next significant trending price move in the market. Remember that July is arguably the most important growing month for the U.S. corn crop, when the critical pollination phase of plant development occurs. A weather market could again quickly develop to pop prices higher again.

3. Economic Calendar

Source: Moore Research Center, Inc.

Date Reports Expiration & Notice Dates
06/23
Fri
9:00 AM CDT - New Home Sales(May)
2:00 PM CDT - Cattle On Feed
 
 
LT: Jul 2,5,10 Year Notes Options(CBT)
Jul Bonds Options(CBT)
Jul Canola Options(CBT)
Jul Wheat Options(CBT)
Jul Corn Options(CBT)
Jul Oats Options(CBT)
Jul Rough Rice Options(CBT)
Jul Soybeans,Soymeal,Soyoil Options(CBT)
06/26
Mon
7:30 AM CDT - Durable Goods Ex-Transportation(May)
7:30 AM CDT - Durable Orders(May)
 
 
FN: Jul Cotton(NYM)
 
 
 
06/27
Tue
9:00 AM CDT - Consumer Confidence(Jun)
3:30 PM CDT - API Energy Stocks

 
LT: Jun Butter(CME)
Jun Milk(CME)
Jun Butter Options(CME)
Jun Milk Options(CME)
Jul Copper Options(CMX)
Jul Gold & Silver Options(CMX)
Jul Natural Gas Options(NYM)
Jul RBOB & ULSD Options(NYM)

06/28
Wed
6:00 AM CDT - MBA Mortgage Purchase Index
7:30 AM CDT - Int Trade In Goods(May)
9:00 AM CDT - Pending Home Sales(May)
9:30 AM CDT - EIA Petroleum Status Report
2:00 PM CDT - Dairy Product Sales
LT: Jun Copper(CMX)
Jun Gold & Silver(CMX)
Jun Platinum & Palladium(NYM)
Jul Natural Gas(NYM)
06/29
Thu
7:30 AM CDT - USDA Weekly Export Sales
7:30 AM CDT - Initial Claims-Weekly
7:30 AM CDT - GDP-Third Estimate(Q1)
7:30 AM CDT - GDP Deflator-Third Estimate(Q1)
9:30 AM CDT - EIA Natural Gas Report
2:00 PM CDT - Hogs & Pigs
3:30 PM CDT - Money Supply
FN: Jul Natural Gas(NYM)
 
 
 
06/30
Fri
7:30 AM CDT - PCE Prices(May)
7:30 AM CDT - PCE Prices-Core(May)
7:30 AM CDT - Personal Income & Spending(May)
8:45 AM CDT - Chicago PMI(Jun)
9:00 AM CDT - Michigan Sentiment-Final(Jun)
11:00 AM CDT - Grain Stocks
11:00 AM CDT - Planted Acreage
FN: Jul Gold & Silver(CMX)
Jul Platinum & Palladium(NYM)
Jul Canola(CBT)
Jul Wheat(CBT)
Jul Oats(CBT)
Jul Rough Rice(CBT)
Jul Corn(CBT)
Jul Soybeans,Soymeal,Soyoil(CBT)
LT: Jun 2,5 Year Notes(CBT)
Jun Fed Funds(CME)
Jun Live Cattle(CME)
Jul RBOB & ULSD(NYM)
Jul Sugar-11(ICE)
Jun Fed Funds Options(CME)
Jul Lumber Options(CME)

07/03
Mon
9:00 AM CDT - Construction Spending(May)
9:00 AM CDT - ISM Index(Jun)
1:00 PM CDT - Auto & Truck Sales(Jun)
 
FN: Jul Orange Juice(ICE)
Jul Sugar-11(ICE)

 
07/04
Tue
INDEPENDENCE DAY
 
 
 

 
 
 
07/05
Wed
6:00 AM CDT - MBA Mortgage Purchase Index
9:00 AM CDT - Factory Orders(May)
11:00 AM CDT - Cotton System
11:00 AM CDT - Fats & Oils
1:00 PM CDT - FOMC Minutes
2:00 PM CDT - Grain Crushings
3:30 PM CDT - API Energy Stocks
FN: Jul RBOB & ULSD(NYM)
 
 
 
07/06
Thu
6:30 AM CDT - Challenger Job Cuts(Jun)
7:15 AM CDT - ADP Employment Change(Jun)
7:30 AM CDT - Initial Claims-Weekly
7:30 AM CDT - Trade Balance(May)
7:30 AM CDT - Int Trade In Goods(May)
9:00 AM CDT - ISM Services(Jun)
9:30 AM CDT - EIA Natural Gas Report
10:00 AM CDT - EIA Petroleum Status Report
2:00 PM CDT - Dairy Products Sales
3:30 PM CDT - Money Supply

 
 
 
FN=First Notice, OE=Option Expiration, LT=Last Trade

Disclaimer: This calendar is compiled from sources believed to be reliable. Moore Research Center, Inc. assumes no responsibility for any errors or omissions. It is meant as an alert to events that may affect trading strategies and is not necessarily complete. The release dates for certain economic reports may have been rescheduled.

* Please note that the information contained in this letter is intended for clients, prospective clients, and audiences who have a basic understanding, familiarity, and interest in the futures markets.

** The material contained in this letter is of opinion only and does not guarantee any profits. These are risky markets and only risk capital should be used. Past performances are not necessarily indicative of future results.

*** This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts herein contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgment in trading!

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