September 11th, 2020 - Issue #1021
In This Issue
1. Day-Trading Alerts via Text Directly to Your Phone FREE TRIAL ($249 value)
2. Hot Market Report: Will USDA WASDE change the Bean Oil Trend?
3. Economic Calendar
Rollover notice - Start trading DECEMBER currencies, Stock Index futures, Financials, Metals and other markets. Check with your broker
On this the 19th anniversary of 9/11, we remember and honor the lives of those lost and their families. We thank all the front-line responders for their heroism. May the healing continue and may there be peace.
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1. Day- Trading Alerts via Text Directly to Your Phone FREE TRIAL ($249 value)
3 Weeks FREE TRIAL
The real time trade alerts FREE 3-week trial uses a combination of proprietary information technical studies, trading ALGOS and a few popular indicators for confirmation.
You will receive a text and email each time there is an entry or exit in a simple language along with the current price for that specific market.
Text alerts available to US and Canada residents. Int'l clients will receive the alerts via email.
Real-time trade signals via text available for the following markets:* Gold, silver, copper, platinum
* mini SP, mini Nasdaq, mini Dow, mini Russell
* Major currenciey pairs
* Wheat, Beans, Soymeal, Bean oil
* Crude oil, RBOB, Heating oil, Natural gas
* 30 year Bonds and 10 year Notes
* Hogs, Cattle
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2. Hot Market Report: Will USDA WASDE change the Bean Oil Trend?
By John Thorpe, Senior BrokerClick on image below to enlarge
This week’s highlighted Market is Bean Oil futures. Bean Oil is part of the grains sector along with "it's" brothers soybeans, corn, oats, soymeal, wheat, Kansas City Wheat. Most traded on the CBOT exchange.
About 5 weeks ago I highlighted the ZLZ20 December CBOT Soybean Oil markets bullish trend with ”the Guiding Hands” reference “lifting” the trend. Today , on the precipice of the Monthly USDA WASDE report I thought it would be fun to see where this market is now and where it may likely be headed. Last month, I mentioned some fundamental truths that may be impacting this trend as those are still in place. China can also fulfill it’s phase one trade deal obligations/food security needs of soybean purchase through the by products as well, such as edible bean oil and bean meal in addition to bulk Soybean purchases. A weaker U.S. Dollar relative to the Brazilian Real equates to higher demand for a dollar denominated Soybean oil supply. What I read from Todd Hultman an analyst at DTN today was “ With FOB soybean prices in Brazil now 53 cents above those at the U.S. Gulf, more U.S. soybean sales are likely.. but it is difficult to know how far China will go with its purchases”
Daily chart of wheat futures for your review from this morning.
To access a free trial to the ALGOS shown in the chart visit and sign up for a free trial for 21 days with real-time data.
Soybean Oil Futures Specs
Hours: 7:00 PM to 1:20 PM next day PM Central Time
Margins: $770 initial, $700 Maint. ( as of the date of this newsletter)
Point Value: Full Point= $600.00 ( Example: $33.10 to $32.10). Min fluctuation is 1/100 of a cent per pound= $6 ( Example: 33.10 -33.11) Settlement: Deliverable, FND is last business day preceding the contract month
Months: 5 monthly contracts of Jan, Mar, May, Aug, Sep and 12 monthly contracts of Jul, Oct, Dec listed annually after the termination of trading in the December contract of the current year
Weekly Options:NO
Some of the basic fundamentals to keep in mind when you are considering trading ZL or other grain contracts:
1. Longer term view of current market prices
2. Dates and times of important reports. WASDE, Planting intentions, Crop progress
3. Weather
4. Global Political situation (food often used as a weapon in trade)
5. Dollar strength or lack of, Brazilian Real value
Our brokers here at Cannon will be happy to chat about the Bean Oil market, other grains, other futures, options, futures spreads and much more! Feel free to contact us at any time.
3. Economic Calendar
Source: Moore Research Center, Inc.
| Date | Reports | Expiration & Notice Dates |
|---|---|---|
| 09/11 Fri |
7:30 AM CDT - USDA Weekly Export Sales
7:30 AM CDT - Core CPI & CPI(Aug) 11:00 AM CDT - WADSE Report & Crop Production 1:00 PM CDT - Treasury Budget(Aug) |
LT: Oct Cotton Options(NYM)
Oct Coffee Options(ICE) |
| 09/14 Mon |
3:00 PM CDT - Crop Progress
|
LT: Sep Wheat(CBT)
Sep Corn(CBT) Sep Oats(CBT) Sep Rough Rice(CBT) Sep Soybeans,Soymeal,Soyoil(CBT) Sep Currencies(CME) Sep Eurodollar(CME) Sep Mx Peso(CME) Sep US Dollar Index(ICE) Sep Eurodollar Options(CME) |
| 09/15 Tue |
7:30 AM CDT - Empire State Manufacturing(Sep)
7:30 AM CDT - Export(ex-ag) & Price(ex-oil)(Aug) 8:15 AM CDT - Capacity Util & Industrial Prod(Aug) 11:00 AM CDT - NOPA Crush 3:30 PM CDT - API Energy Stocks |
LT: Sep Canadian Dollar(CME)
Sep Cocoa(ICE) Sep Lumber(CME) Oct Sugar-11 Options(ICE) |
| 09/16 Wed |
6:00 AM CDT - MBA Mortgage Index
7:30 AM CDT - Retail Sales(Aug) 7:30 AM CDT - Retail Sales Ex-Auto(Aug) 9:00 AM CDT - Business Inventories(Jul) 9:00 AM CDT - NAHB Housing Market Index(Sep) 9:30 AM CDT - EIA Petroleum Status Report 1:00 PM CDT - FOMC Rate Decision(Sep) 2:00 PM CDT - Dairy Products Sales 3:00 PM CDT - Net Long-Term TIC Flows(Jul) |
FN: Sep Lumber(CME)
LT: Oct Platinum & Palladium Options(NYM) |
| 09/17 Thu |
7:30 AM CDT - USDA Weekly Export Sales
7:30 AM CDT - Initial Claims-Weekly 7:30 AM CDT - Housing Starts & Building Permits(Aug) 7:30 AM CDT - Philadelphia Fed Index(Sep) 9:30 AM CDT - EIA Natural Gas Report 2:00 PM CDT - Milk Production 3:30 PM CDT - Money Supply |
LT: Sep S&P 500(CME)
Sep S&P 500 Options(CME) Oct Crude Lt Options(NYM) |
| 09/18 Fri |
7:30 AM CDT - Current Account Balance(Q2)
9:00 AM CDT - Univ of Mich Consumer Sent-Prelim(Sep) |
LT: Sep E-Mini Dow(CME)
Sep E-Mini S&P 500(CME) Sep E-Mini NASDAQ(CME) Sep Russell(CME) Sep Coffee(ICE) Sep E-Mini Dow Options(CME) Sep E-Mini S&P 500 Options(CME) Sep E-Mini NASDAQ Options(CME) Sep Russell Options(CME) Oct Orange Juice Options(ICE) |
| 09/21 Mon |
3:00 PM CDT - Crop Progress
|
LT: Sep 10 Year Notes(CBT)
Sep Bonds(CBT) |
| 09/22 Tue |
9:00 AM CDT - Existing Home Sales(Aug)
2:00 PM CDT - Cold Storage 3:30 PM CDT - API Energy Stocks |
LT: Oct Crude Lt(NYM)
|
| 09/23 Wed |
6:00 AM CDT - MBA Mortgage Index
8:00 AM CDT - FHFA Housing Price Index(Sep) 9:30 AM CDT - EIA Petroleum Status Report 2:00 PM CDT - Dairy Product Sales |
|
| 09/24 Thu |
7:30 AM CDT - USDA Weekly Export Sales
7:30 AM CDT - Initial Claims-Weekly 9:00 AM CDT - New Home Sales(Aug) 9:30 AM CDT - EIA Natural Gas Report 2:00 PM CDT - Hogs & Pigs 3:30 PM CDT - Money Supply |
FN: Oct Cotton(NYM)
Oct Crude Lt(NYM) LT: Sep Feeder Cattle(CME) Sep Feeder Cattle Options(CME) Oct Copper Options(CMX) Oct Gold Options(CMX) Oct Silver Options(CMX) |
| FN=First Notice, OE=Option Expiration, LT=Last Trade | ||
* 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!
