USDA Report


Bitcoin First Day, USDA Report Tomorrow, March is the Front Month for Stock Indices! 12.12.2017

December 11th, 2017 Filed under Bitcoin Futures | Comment (0)

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Dear Traders,

March is now the FRONT MONTH for all e-mini contracts. March is H8

so YMH8 is the March mini Dow futures

Market Movers: December 12 Crop Report

  • By CME Group
  • Topics: Agriculture

Industry experts Dave Hightower, of The Hightower Report, and Virginia McGathey, President of McGathey Commodities, preview the December 12 USDA report discussing corn and soybean yields in advance of its publication.

Watch the Video!

Bitcoin updates:

The CBOE 1 bitcoin contract launched last night in what I consider a relatively successful first day. The CBOE contract controls one bitcoin while the CME contract set to launch this coming Sunday evening controls 5 bitcoins.

We saw approx. 4000 contracts traded on the January contract of the CBOE with a high of 18850 and a low of 15,000 ( where the market opened…) The contract is very volatile and the bid-ask spread is still wide.

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USDA Report Tomorrow 3.31.2017

March 30th, 2017 Filed under Future Trading News | Comment (0)

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Big USDA report tomorrow, if you are a grain trader!

Market Movers Video
March 31 Prospective Plantings Report
Industry leaders preview the March 31 prospective plantings report and discuss impacts to supply and demand fundamentals along with trading opportunities for the current environment.

This report features David Hightower, President of The Hightower Report and Joe Vaclavik, Founder and President of Standard Grain, Inc.

Are the lows in for the Grain Markets? 10.06.2016

October 5th, 2016 Filed under Future Trading News | Comment (0)

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1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Thursday October 6, 2016

Greetings!

Are the Lows in for the Grain Markets? A USDA report was published this past Friday and it seems that once the information was digested by traders, there might be room for a potential rally in grain markets.

read full article along with charts at:

https://www.thestreet.com/story/13841020/1/are-the-lows-in-for-the-grain-markets.html

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USDA report tomorrow! 9.30.2016

September 29th, 2016 Filed under Future Trading News | Comment (0)

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.

Like us on FacebookFollow us on TwitterView our profile on LinkedInFind us on Google+Cannon Trading Futures Trading Resistance & Support Levels and Economic ReportsFind us on Yelp

1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Friday September 30, 2016

Greetings!

Two pointers for tomorrow:

1. While I mostly discuss e-minis, crude oil, gold and bonds for day trading….I do follow about another 15 active futures markets, including the grains ( corn, wheat, beans, bean meal and more). Big reports for the grains tomorrow. here is a quick outlook from AgWeb:

http://www.agweb.com/article/what-can-we-expect-from-the-next-usda-grain-stocks-report-naa-debra-beachy/

Analysts expect Friday’s USDA Grain Stocks report to show a slight increase in ending stocks, according to Rich Nelson, chief strategist for Allendale, a marketing firm in McHenry, Ill.

“We’re not expecting a big jump in ending stocks,” he says. “We don’t expect major changes.”

However, the report could be bearish if it shows a bigger-than-expected increase in ending stocks, according to some analysts. The report is based on a survey of farmers taken around Sept. 1, the end of the old crop year.

“This report puts the final stamp on the old crop marketing year,” Nelson says.

Allendale estimates old crop corn at 1.728 billion bushels, which is lower than the Sept. 12 USDA estimate of 1.915 billion bushels.  The firm estimates old crop soybeans at 214 million bushels, higher than the USDA estimate of 195 million bushels.

“We suggest that USDA missed estimates on corn exports and ethanol,” Nelson says. “We look for a moderate increase in old crop soybeans,” he adds, pointing to the fact that Allendale estimates weaker soybean demand and less domestic crush than USDA.

Analysts surveyed by Bloomberg expect Sept. 1 corn stocks to come in at 1.754 billion bushels, soybeans at 200 million bushels and wheat stocks at 2,438 million bushels.

 2. Tomorrow is the last trading day of the month and quarter! pay attention as certain markets will experience higher volatility. I wrote the following on the bonds market based on my years of observations:

Tomorrow is the last trading day of the month. Certain markets will experience certain trading behavior on the last trading day of the month.

Bonds are known to make some sharp moves right around 1:30 Central time ( 30 minutes before what used to be the pit close)

Here is a bond chart from last month’s last trading day….Pay attention to the WIDE range during the whole day and the large moves in the last 30 minutes!   (vertical line marked)

Bond Chart of the Last Trading Day of the Month

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