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May 27th 2016 Newsletter

Soymeal futures leading the grain complex iSystems available in Spanish and Italian memorial day hours

May 27th, 2016 - Issue #831

In This Issue

1. Trading Updates: Memorial Day Hours, iSystems in Spanish and Italian!
2. Grain Traders: Keep a Close Eye on Soybean Meal
3. Economic Calendar

1. Trading Updates

Memorial Day Trading Hours


More details at: http://www.cmegroup.com/tools-information/holiday-calendar/files/2016-memorial-day-holiday-schedule.pdf

Ice Futures Memorial Day Holiday Trading Schedule 2016

Detailed holiday hours: https://www.theice.com/holiday-hours

iSystems aAvailable in Spanish and Italian!!

Dear Traders,
We are excited to announce that our new technology, iSystems is now available in Spanish!
This cutting edge platform allows you to browse, filter, select, monitor and when ready trade live many different systems based on different, tested algorithms.
We will be happy to assist or answer any questions.
Start your journey now! https://cannon.isystems.com

Estimado Comerciante,
Estamos muy contentos de anunciar que nuestra nueva tecnologia de , Systems, ahora disponible en espanol !
Esta plataforma de vanguardia le permite navegar , filtrar , seleccionar,

controlar y , cuando este listo, podra comprar y vender en vivo en linea
bajo varios sistemas basados en diferentes algoritmos comprobados.

Estaremos encantados de ayudarle o responder a cualquier pregunta .

Comience ahora! https://cannon.isystems.com

2. Hot Market: Grain Traders- Keep a Close Eye on Soybean Meal

From our friend Jim Wyckoff at JimWyckoff.com

Click on image below to enlarge

grain futures; See on the daily bar chart for July soybean meal futures that prices are in a steep nearly three-month-old uptrend and this week hit a 22-month high. The meal bulls have the strong near-term technical advantage. However, the meal market is now overextended, big-time, and due for a good downside correction. When the soybean meal futures market bull move begins to fizzle, then the rest of the grain markets will also likely begin to absorb significant selling pressure. My bias is that the grains can't see much more upside without a weather market scare in the U.S. Corn Belt. The U.S. spring/summer planting and growing season is upon us, and that means higher volatility is likely for the grain futures markets in the coming several weeks--including weather market scares that crop up nearly every year.

3. Economic Calendar

Source: Moore Research Center, Inc.

Date Reports Expiration & Notice Dates
05/30
Mon
MEMORIAL DAY

05/31
Tues
7:30 AM CDT - PCE Prices(Apr)
7:30 AM CDT - Personal Income & Spending(Apr)
8:00 AM CDT - Case Shiller 20-City Index(Mar)
8:45 AM CDT - Chicago PMI(May)
9:00 AM CDT - Consumer Confidence(May)
FN: Jun 2,5,10 Year Notes(CBT)
Jun Bonds(CBT)
Jun Copper(CMX)
Jun Gold & Silver(CMX)
Jun Platinum & Palladium(NYM)
LT: May Fed Funds(CME)
Jun RBOB & ULSD(NYM)
May Fed Funds Options(CME)
Jun Lumber Options(CME)
06/01
Wed
6:00 AM CDT - MBA Mortgage Purchase Index
9:00 AM CDT - Construction Spending(Apr)
9:00 AM CDT - ISM Index(May)
1:00 PM CDT - Auto & Truck Sales(May)
1:00 PM CDT - Fed's Beige Book(Jun)
2:00 PM CDT - Fats & Oils
2:00 PM CDT - Grain Crushings
LT: May Butter(CME)
May Milk(CME)
May Butter Options(CME)
May Milk Options(CME)
06/02
Thurs
7:30 AM CDT - Challenger Job Cuts(May)
7:15 AM CDT - ADP Employment Change(May)
7:30 AM CDT - Initial Claims-Weekly
9:30 AM CDT - EIA Gas Storage
10:00 AM CDT - API & DOE Energy Stats
2:00 PM CDT - Dairy Products Sales
3:30 PM CDT - Money Supply
FN: Jun RBOB & ULSD(NYM)
06/03
Fri
7:30 AM CDT - USDA Weekly Export Sales
7:30 AM CDT - Ave Workweek & Hourly Earnings(May)
7:30 AM CDT - Nonfarm Payrolls(May)
7:30 AM CDT - Trade Balance(Apr)
7:30 AM CDT - Unemployment Rate(May)
9:00 AM CDT - Factory Orders(Apr)
9:00 AM CDT - ISM Services(May)
LT: Jun Canadian Dollar Options(CME)
Jun Currencies Options(CME)
Jun Live Cattle Options(CME)
Jun Mx Peso Options(CME)
Jun US Dollar Index Options(ICE)
Jul Cocoa Options(ICE)
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!

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