February 1st, 2019 - Issue #952
In This Issue
1. Trading Webinar: Enhance Your Order Flow Trading with Bookmap
2. Hot Market Report: Soybeans to See Higher Volatility?
3. Economic Calendar
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1. Trading Webinar: Enhance Your Order Flow Trading with Bookmap
Wed, Feb 6, 2019 1:00 PM - 2:00 PM PST
In this webinar, we will take a look at some innovative new trader development tools from Bookmap
• How to read the auction and order flow• Spotting larger players and algorithmic activity and knowing their intentions
• Look for possible edge using and accessing ALL of the market data in Bookmap.
In the end, we hope to have opened your eyes to new processes that can help you get the most from your methods.
Special Bookmap offers will include a 14 day full money back guarantee.
SPACE is LIMITED, so reserve your space now!
2. Hot Market Report: Soybeans to See Higher Volatility?
By Joe Easton, Senior BrokerClick on image below to enlarge
This week’s highlighted Market is soybeans. Soybeans futures are part of the GRAINS family which includes 4 types of Wheat, Corn, Soymeal, Oats, Rough Rice and Bean Oil. All traded on the CBOT/GLOBEX exchange.
Weekly chart of Soybean Futures for your review from this morning ( Feb. 1st 2019). Yesterday in fundamental news, a letter from President Xi of China to President Trump was an offer to buy “500 million tons of soybeans”. Early this morning the front month Soybeans made 6 month highs.
Soybeans have been in a range from the 9/18/18 low of 812.5 and the recent high of 931.25 since the selloff from the 1082.5 high 3/5/18.
I expect this market to become more volatile over the next 3 months. Important levels to watch are 891 and 944. The daily chart pattern appears to be a rising wedge in a downtrend.
This chart was prepared using CQG Q Trader software, which you can demo for 14 days with realtime data.
To access a free trial to the ALGOS shown in the chart along with other tools, visit and sign up for a free trial for 21 days with real-time data.
Soybean Futures Specs
Hours: 7:00 PM to 1:20 PM next day PM Central Time
Margins: $2100 initial, $1750 Maint. ( as of the date of this newsletter)
Point Value: full Cent = $50.00 ( Example: $8.60 to $8.61/bu ). Min fluctuation is 2/8ths of a cent = $12.50 ( Example: 8.60 -8.602)
Settlement: Deliverable, FND is last business day preceding the contract month
Months: January (F), March (H), May (K), July (N), August (Q),September (U), November(X)
Weekly Options: YES
The bean market has good volume and enough volatility that it can be traded intraday, swing trading, using options and more.
Some of the basic fundamentals to keep in mind when you are considering trading ZS ( Soybean)
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)
4. Dollar strength or lack of, Brazilian Real value
Our brokers here at Cannon will be happy to chat about the Soybean 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 |
|---|---|---|
| 02/01 Fri |
7:30 AM CST - Ave Workweek & Hourly Earnings(Jan)
7:30 AM CST - Nonfarm Payrolls(Jan) 7:30 AM CST - Unemployment Rate(Jan) 9:00 AM CST - Construction Spending(Dec) 9:00 AM CST - ISM Manufacturing Index(Jan) 9:00 AM CST - Univ of Michigan Consumer Sentiment-Final(Jan) 2:00 PM CST - Cotton System 2:00 PM CST - Fats & Oils 2:00 PM CST - Grain Crushings |
LT: Feb Live Cattle Options(CME)
Mar Cocoa Options(ICE) |
| 02/04 Mon |
9:00 AM CST - Factory Orders(Dec)
|
FN: Feb Live Cattle(CME)
Feb RBOB & ULSD(NYM) |
| 02/05 Tue |
7:30 AM CST - Trade Balance(Dec)
9:00 AM CST - ISM Non-Manufacturing Index(Jan) 3:30 PM CST - API Energy Stocks |
|
| 02/06 Wed |
6:00 AM CST - MBA Mortgage Index
7:30 AM CST - Productivity-Prel(Q4) 9:30 AM CST - EIA Petroleum Status Report 2:00 PM CST - Dairy Products Sales |
|
| 02/07 Thu |
7:30 AM CST - USDA Weekly Export Sales
7:30 AM CST - Initial Claims-Weekly 9:30 AM CST - EIA Natural Gas Report 2:00 PM CST - Consumer Credit 3:30 PM CST - Money Supply |
|
| 02/08 Fri |
9:00 AM CST - Wholesale Inventories(Dec)
11:00 AM CST - WASDE Report 11:00 AM CST - Crop Production(& Annual) 11:00 AM CST - Grain Stocks 11:00 AM CST - Winter Wheat Seedings |
LT: Mar Sugar-16(ICE)
Feb Canadian Dollar Options(CME) Feb Currencies Options(CME) Feb Mx Peso Options(CME) Feb US Dollar Index Options(ICE) Mar Cotton Options(NYM) Mar Coffee Options(ICE) |
| 02/11 Mon |
|
FN: Mar Sugar-16(ICE)
|
| 02/12 Tue |
1:00 PM CST - Treasury Budget(Jan)
3:30 PM CST - API Energy Stocks |
|
| 02/13 Wed |
6:00 AM CST - MBA Mortgage Index
7:30 AM CST - Core CPI & CPI(Jan) 9:30 AM CST - EIA Petroleum Status Report 2:00 PM CST - Dairy Products Sales |
|
| 02/14 Thu |
7:30 AM CST - USDA Weekly Export Sales
7:30 AM CST - Initial Claims-Weekly 7:30 AM CST - Core PPI & PPI(Jan) 9:30 AM CST - EIA Natural Gas Report 3:30 PM CST - Money Supply |
FN: Mar Cocoa(ICE)
LT: Feb Lean Hogs(CME) Feb Lean Hogs Options(CME) Mar Crude Lt Options(NYM) |
| 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!
