April 26th, 2019 - Issue #962
In This Issue
1. Day-Trading Alerts via Text Directly to Your Phone FREE TRIAL
2. Hot Market Report: Will Beans "Sizzle" this Summer?
3. Economic Calendar
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1. Day- Trading Alerts via Text Directly to Your Phone FREE TRIAL
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 Beans "Sizzle" this Summer?
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.
Summertime can be a volatile time for Grain Futures, just as winter can be the most volatile time for Natural Gas. This fundamental push accompanied by technical extremes, should cause additional volatility and potential opportunity along with risk.
To the right is a weekly chart for soybeans. You can see ZS is at a critical support of the previous down move 856.25 low week close from December 2015.
If we close under this support you should expect to try the previous support from July 2018 around 830s. If we do not close below support, I would expect to retest resistance around 890.
You can also see the level I marked for when China committed to their soybean purchase. This can be used as a fundamental resistance around $920.00 . One thing to be aware, soybeans have limit moves, you can read more about this topic using this link.
This chart was prepared using E-Futures Int'l software, which you can demo for 28 days with realtime data.
To access a free trial to the ALGOS shown in the chart ( DIAMONDS included) 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: $1925 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 |
|---|---|---|
| 04/26 Fri |
7:30 AM CDT - GDP - Advance Estimate(Q1)
7:30 AM CDT - GDP Deflator - Advance Estimate(Q1) 9:00 AM CDT - Univ of Mich Consumer Sent-Final(Apr) |
LT: Apr Bitcoin(CME)
Apr Copper(CMX) Apr Gold & Silver(CMX) Apr Platinum & Palladium(NYM) May Natural Gas(NYM) May 2,5,10 Year Notes Options(CBT) May Bonds Options(CBT) May Canola Options(CBT) May Wheat Options(CBT) May Corn Options(CBT) May Oats Options(CBT) May Rough Rice Options(CBT) May Soybeans,Soymeal,Soyoil Options(CBT) |
| 04/29 Mon |
7:30 AM CDT - Personal Income & Spending(Mar)
|
FN: May Natural Gas(NYM)
|
| 04/30 Tue |
7:00 AM CDT - S&P Case-Shiller Home Price Index(Feb)
7:30 AM CDT - Chicago PMI(Apr) 7:30 AM CDT - Employment Cost Index(Q1) 9:00 AM CDT - Consumer Confidence(Apr) 9:00 AM CDT - Pending Home Sales(Mar) 3:30 PM CDT - API Energy Stocks |
FN: May Copper(CMX)
May Gold & Silver(CMX) May Platinum & Palladium(NYM) May Canola(CBT) May Wheat(CBT) May Corn(CBT) May Oats(CBT) May Rough Rice(CBT) May Soybeans,Soymeal,Soyoil(CBT) LT: Apr Butter & Milk(CME) Apr Fed Funds(CME) Apr Live Cattle(CME) May RBOB & ULSD(NYM) May Sugar-11(ICE) Apr Butter & Milk Options(CME) Apr Fed Funds Options(CME) May Lumber Options(CME) |
| 05/01 Wed |
6:00 AM CDT - MBA Mortgage Index
7:15 AM CDT - ADP Employment Change(Apr) 9:00 AM CDT - Construction Spending(Mar) 9:00 AM CDT - ISM Manufacturing Index(Apr) 9:30 AM CDT - EIA Petroleum Status Report 1:00 PM CDT - FOMC Rate Decision(May) 2:00 PM CDT - Dairy Products Sales 2:00 PM CDT - Fats & Oils 2:00 PM CDT - Grain Crushings 2:00 PM CDT - Cotton System |
FN: May Orange Juice(ICE)
May Sugar-11(ICE) |
| 05/02 Thu |
7:30 AM CDT - USDA Weekly Export Sales
7:30 AM CDT - Initial Claims-Weekly 7:30 AM CDT - Productivity-Prel(Q1) 9:00 AM CDT - Factory Orders(Mar) 9:30 AM CDT - EIA Natural Gas Report 3:30 PM CDT - Money Supply |
FN: May RBOB & ULSD(NYM)
|
| 05/03 Fri |
7:30 AM CDT - Ave Workweek & Hourly Earnings(Apr)
7:30 AM CDT - Nonfarm Payrolls(APR) 7:30 AM CDT - Unemployment Rate(Apr) 7:30 AM CDT - Adv Intl Trade In Goods(Mar) 7:30 AM CDT - Adv Retail Inventories(Mar) 7:30 AM CDT - Adv Wholesale Inventories(Mar) 9:00 AM CDT - ISM Non-Manufacturing Index(Apr) |
LT: May Canadian Dollar Options(CME)
May Currencies Options(CME) May Mx Peso Options(CME) May Live Cattle Options(CME) May US Dollar Index Options(ICE) Jun Cocoa Options(ICE) |
| 05/06 Mon |
|
|
| 05/07 Tue |
7:30 AM CDT - Trade Balance(Mar)
2:00 PM CDT - Consumer Credit(Mar) 3:30 PM CDT - API Energy Stocks |
|
| 05/08 Wed |
6:00 AM CDT - MBA Mortgage Index
9:30 AM CDT - EIA Petroleum Status Report 2:00 PM CDT - Dairy Products Sales |
LT: May Cotton(NYM)
|
| 05/09 Thu |
7:30 AM CDT - USDA Weekly Export Sales
7:30 AM CDT - Initial Claims-Weekly 7:30 AM CDT - Core PPI & PPI(Apr) 9:00 AM CDT - Wholesale Inventories(Mar) 9:30 AM CDT - EIA Natural Gas Report 3:30 PM CDT - Money Supply |
|
| 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!
