7 Things to Know Before you Start Trading Wheat Futures

Author: Joseph Easton, Senior Broker at Cannon Trading

  1. The Basics:

There are two types of Wheat most commonly traded…

”Chicago Soft Red Winter (SRW) and KC Hard Red Winter (HRW) are the global industry standards for wheat. Chicago SRW Wheat is the most liquid Wheat futures contract in the world, trading the equivalent of more than 15 million tons each day in 2013–9 ½ times more than the largest European contract. Producers, processors, millers and exporters continue to look to Chicago SRW and KC HRW Wheat for the liquidity that is critical for any risk management solution.

Liquidity means that you can execute positions quickly, effectively and efficiently. Liquidity offers more flexibility in structuring hedging strategies to meet your timing and market needs. And when the world is facing new challenges in Wheat risk management, liquidity provides the security you need in order to respond with confidence” – CME Group

  • Types of  Wheat Futures: Chicago SRW Wheat Futures  and KC HRW Wheat Futures
  • Contract specifications: One contract (5,000 bushels) of deliverable (~ 136 Metric Tons)
  • Common Symbol:  CME Globex: ZW  and CME Globex: KE

Continue reading “7 Things to Know Before you Start Trading Wheat Futures”

What will the Markets do Tomorrow? Levels for 4.17.2018

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Voted #1 Blog and #1 Brokerage Services on  TraderPlanet   for 2016!!

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Dear Traders,

If you as a trader would like to chat and exchange ideas with one of our series 3 executives, please feel free to schedule a time for one on one “consultation”. Regardless if you are a client or not, trading can sometimes be a lonely adventure. Our brokers may be able to provide you insight from years of experience, observing other clients, assisting clients with trading and much more! I myself, have picked up many “little ins and outs” by talking to my colleagues, other professionals, webinars and more.

This is a free, no obligation invitation:

https://www.cannontrading.com/services/traders-profile

Continue reading “What will the Markets do Tomorrow? Levels for 4.17.2018”

Trading Signals Free Trial & Futures Trading Levels 4.13.2018

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Voted #1 Blog and #1 Brokerage Services on  TraderPlanet   for 2016!!

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Dear Traders,

Below you will see my chart along with my turning points signals.

This is 10 range bar chart for the mini SP chart which also displays my proprietary ALGOS.

10 range bar chart for the mini SP chart which also displays my proprietary ALGOS

These ALGOS along with a 15 minutes one on one session is available for a free trial.

To sign up and more info visit: https://www.cannontrading.com/tools/intraday-futures-trading-signals

Continue reading “Trading Signals Free Trial & Futures Trading Levels 4.13.2018”

Futures Trading Guide – Levels & Reports for April 11th 2018

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Voted #1 Blog and #1 Brokerage Services on  TraderPlanet   for 2016!!

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Dear Traders,

Read our guide which outlines some important futures day trading concepts. It may be beneficial to read this guide before trading commodities on the futures market.

My name is Ilan Levy-Mayer and I am the Vice President and Senior Futures Broker at Cannon Trading.  

I came up with the following personal observations after serving online traders worldwide for more than 20 years.

The following steps are guides to progress, and are not necessarily in sequential order. Some of them are always required, but each futures trader is different and will relate to these stages in their own ways. While attempting to learn and progress, one must keep in mind that futures trading is risky and can involve significant losses.

  1. Education

Hopefully if you are already trading you have completed your initial education: contract specs, trading hours, futures brokers, platforms, the opportunities as well as the risk and need to use risk capital in futures, and so on. Understanding this information is essential to futures commodities trading. The second type of education is ongoing: learning about trading techniques, the evolution of futures markets, different trading tools, and more.

Continue reading “Futures Trading Guide – Levels & Reports for April 11th 2018”

Futures Trading Levels & Reports for April 6th 2018

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Voted #1 Blog and #1 Brokerage Services on  TraderPlanet   for 2016!!

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 Three Things to Keep in Mind for Friday’s Employment Report:

  • Overall pace of U.S. hiring has eased to 1.4-1.6% from 2.2% in 2014
  • Average hourly earnings grew by 2.6% yearly since 2016 from 2% 2010 through 2015
  • Does Fed’s current tightening cycle reflect concern over asset prices?
  • Unemployment might be within 0.3-0.6% of hitting bottom at around 3.5-3.8%

Futures Trading Levels & Reports for April 5th 2018

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Voted #1 Blog and #1 Brokerage Services on  TraderPlanet   for 2016!!

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Four Straight Days of 2% Moves!!

It seems volatility is here to stay as there has been 7 days in 2018 where the stock market have moved +/- 2%!

Volatility for Four Straight Days of 2% Moves!!

(Past performance is not necessarily indicative of future results)

Daily Mini NASDAQ 100 Chart for Your Review 4.04.2018

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Voted #1 Blog and #1 Brokerage Services on  TraderPlanet   for 2016!!

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Make sure you adjust your trading to the increased volatility!! 

Don’t risk your WHOLE account on one trading day…..approach trading with more of money management/ risk control attitude!! 

We have added some new videos for your review at: 

https://www.cannontrading.com/video_center/

A look at the mini NASDAQ 100 daily chart. The ranges and volatility in the NQ have been the most dominant in my opinion.

Mini NASDAQ 100 equalized active daily continuation chart

Make April a Great Trading Month by BEING DISCIPLINED 4.03.2018

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Voted #1 Blog and #1 Brokerage Services on  TraderPlanet   for 2016!!

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Fed Unwinding of QE and What It Means for U.S. Bonds

By Blu Putnam, Chief Economist, CME Group

Video Highlights

  • Fed’s unwinding of QE has helped to raise U.S. Treasury yields
  •  U.S. Treasuries considered high-yielding compared to Japan, EU
  • Japan, Germany bond yields to rise when they end quantitative easing

WATCH VIDEO

Continue reading “Make April a Great Trading Month by BEING DISCIPLINED 4.03.2018”

Good Friday Trading Hours – Markets are CLOSED Friday

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Voted #1 Blog and #1 Brokerage Services on  TraderPlanet   for 2016!!

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This Friday ALL US MARKETS will be closed. No pre-opening or evening trades on Thursday. make sure to discuss with your broker. 

Good Friday Trading Hours
On a different note, Thursday we will have a significant report for the grain markets:

Looking ahead to the March 29 Prospective Plantings Report – watch the video now

Continue reading “Good Friday Trading Hours – Markets are CLOSED Friday”

Good Friday Trading Hours 3.28.2018

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Voted #1 Blog and #1 Brokerage Services on  TraderPlanet   for 2016!!

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This Friday ALL US MARKETS will be closed. No pre-opening or evening trades on Thursday. make sure to discuss with your broker.  

Good Friday Trading Hours

Continue reading “Good Friday Trading Hours 3.28.2018”