Corn, Soybean, Copper, Crude Oil; Your 4 Important Need-To-Knows for Trading Futures on July 31st, 2025

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Corn

Bullet Points, Highlights, Announcements

By Mark O’ Brien, Senior Broker

corn

General:

The Federal Reserve held rates steady for a fifth straight meeting today but faced rare dissents from two officials seeking an immediate cut. Officials maintained their benchmark policy rate in a range between 4.25% and 4.5%. Dissent came from two Fed governors and marks the first meeting since 2020 in which more than one Fed official voted differently than chair Powell, and the first since 1993 in which more than one board governor dissented.

Grains: Soybean, Corn

Chicago Board of Trade soybean futures fell for the fourth consecutive session today, dragged down by favorable weather across the U.S. Midwest and sluggish export demand, analysts said. Weighing on prices were forecasts for cooler temperatures and periodic rainfall in the U.S. Midwest, bolstering expectations for big U.S. soy and corn harvests. Prior to tomorrow’s First Notice Day for the contract, August futures touched $9.77 3/4 per bushel, its lowest price of the year. Sept. corn futures matched yesterday’s intraday low of $3.87 3/4 per bushel, nearly a 2-year low.

Energy: Crude Oil

Crude futures rose for the third day, buoyed by concerns U.S. sanctions could reduce flows of Russian crude, optimism over trade deals such as those with the EU and Japan.

Focus ahead will be on the weekend meeting where OPEC+ will determine September output levels. The September West Texas futures contract on the NYMEX traded above $70/barrel for the first time since June 23, a ±$5.00/barrel in three trading sessions, equal to a $5,000 per contract move.

Metals: Copper

Last week, copper futures hit a new record high with the front month September contract trading to $5.9585/lb. Today, U.S. President Donald Trump signed a proclamation ordering 50% tariffs on certain copper imports, citing national security. However, the levies applied only to semi-finished products, such as copper pipes and wires and so-called derivate products such as pipe fittings and cables. It excluded refined materials such as copper ores and concentrates. Reacting to the anticipated limited impact on the base metal, September copper futures plunged over $1.20/lb. to below $4.60/lb. – a ±19% drubbing and a ±$30,000 per contract move for the contract, the largest single-day decline since 1989.

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December Corn

December Corn is testing support against the contract low and key reversal. If violated, new sustained lows would project a potential slide to the third PriceCount objective to the $3.88 area.

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The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved.

It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at www.qtchartoftheday.com

Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.

Daily Levels for July 31st, 2025

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USDA Numbers, Brazilian Real, Levels & Reports; Your 4 Important Need-To-Knows for Trading Futures on July 1st, 2025

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USDA Numbers from Today

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Tomorrow, we start July with a plethora of reports as we will have a short trading week with 4th of July on Friday.

USDA pegged this year’s planted corn acreage at 95.203 million acres, with soybeans at 83.380 million – both coming in slightly below USDA’s March 31 estimate and below the average pre-report trade guess. The soybean acreage may come in even lower in August, based on our expectations that the late wheat harvest will prevent some double-cropped soybeans to get planted.

That likely would not have fully been accounted for in this June 1 survey. All wheat acreage rose slightly, with small gains across the board for winter and spring wheat. None of these acreage numbers are really market movers, other than the fact that an even lower soybean acreage estimate leaves us more vulnerable to a weather scare.

The June 1 quarterly stocks survey results were relatively close to pre-report estimates as well, although both soybeans and wheat came in a bit higher than expected. The corn, soybean and wheat stocks estimate suggest less residual usage, which translates into less feed usage for wheat for the previous marketing year, with implications then for the current year as well.

That’s been a pattern for USDA in recent years, suggesting that perhaps it is under-estimating the size of U.S. wheat crops. But overall, this is one of the tamer June 30 sets of reports that I’ve seen in a while, with the market now moving on to trade weather, potential trade agreements, and biofuel policy.

USDA inspected 53.9 million bushels of corn for export in the week ending June 26, along with 8.3 million bushels of soybeans, 16 million bushels of wheat, and 0.4 million bushels of grain sorghum. Marketing year to date export inspections total 2.163 billion bushels, up 490 million bushels or 29% from the previous year’s pace, and up 138 million bushels from the seasonal pace needed to hit USDA’s target for the marketing year that ends on August 31.

As such, look for USDA to increase its old-crop corn export target again in its July WASDE crop report, although the trade is now focused on new crop growing conditions. The gap continues to grow week to week. Marketing year to date soybean export inspections total 1.685 billion bushels, up 158 million bushels or 10% from the previous year’s pace. The total exceeds the seasonal pace needed to hit USDA’s target by 66 million bushels, but that gap continues to shrink each week.

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Brazilian Real

The weekly Brazilian real chart established a long term low last fall. Now, on the correction higher, we have activated upside PriceCount objectives to aim for.

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The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved.

It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk.

Learn more at www.qtchartoftheday.com

Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors.

Past performance of actual trades or strategies is not necessarily indicative of future results.

Daily Levels for July 1st, 2025

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High-Volatility Markets! 5 Smart Moves for Confident Trading, May Soybean

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Extreme Volatility!

Volatility!

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The last few weeks and especially the last few trading sessions we saw tremendous volatility across many markets.

What we witnessed last night and during today’s session reminded me of the markets when COVID first broke out and we saw limit moves across the board.

Temporarily: Due to volatility, most of our platforms now require 100% margins; even for day trading!

Here are some ideas to explore during times of volatility like these:

1.      You don’t have a crystal ball. To think you can buy an ES contract in this volatility and use a 2 point stop in hopes of making 20 points profit is a very low probability event…you would need to buy it at the PEREFECT time for this to happen. Point is, with higher volatility you need to use WIDER stops to give yourself a chance. That may mean using SMALLER trade size.

2.      If you are able to, share your read with another trader, it may provide you with a better perspective just by sharing.

3.      If you think there is room for a big move or what we call a “runner” – be prepared to for the pullbacks. Use multiple time frames to gain a better perspective and hang in there for the big move, if this is what you think can happen.

4.      If you have enough risk capital, try to use multiple contracts, example buying 2 rather than 1. Taking profit on the first part of the position will help you relax and look at what the market is really telling you rather than what you would like it to say. It helps reduce both the fear and the greed.

5.    “Plan your trade, trade your plan”

Again, these are just some short pointers, written quickly after today’s session in hopes of helping you when you face a similar situation of extreme volatility.

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May Soybeans

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May soybeans satisfied a third downside PriceCount objective on the Friday flush. It is normal for the chart to react in the form of a near term consolidation or corrective trade, at leaset. IF we can resume the break the contract low stands out as a significant support level to contend with while the low percentage fourth count remains open to the $9.16 area.

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The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved.
It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at www.qtchartoftheday.com
Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.

Daily Levels for April 8th, 2025

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Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

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5 Powerful Reasons Micro Grains Are Dominating the Market Surge!

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Micro Grains!

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Micro Ags Are Available!

With Perspective Plantings Report next Monday, it is a good idea to familiarize yourself with MICRO GRAINS.

Micro Grains

This report contains the expected plantings and last year’s harvest for principal crops and tobacco presented on a state basis. Principal micro grains crops are as follows: corn, all wheat, winter wheat, durum wheat, other spring wheat, oats, barley, flaxseed, cotton, rice, all sorghum, sweet potatoes, dry edible beans, soybeans, sunflower, peanuts, sugarbeets, canola, and proso millet.

After the first three weeks of trading, we are approaching just under a half million Micro Grains contracts traded for Micro Corn, Micro Soybean, Micro Soybean Oil, Micro Soybean Meal, and Micro Wheat, as well as some other quick hits below:

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That’s Micro Grains for tomorrow!

Try Micro Grains, grain futures and many other futures with our REALTIME state of the art FREE platform!

FREE DEMO HERE

Daily Levels for March 25th, 2025

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Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

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⚠️ 5 Market Hazards Ahead – Soybean, Volatility, CPI & The Fed’s Blackout Shaking up Markets!

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Cannon Futures Weekly Letter

Soybean

March Soybean

In Today’s Issue #1233

  • Time Change
  • The Week Ahead – CPI, PPI, Fed Blackout
  • Futures 102 – Intro to Treasury Futures
  • Hot Market of the Week – May July Beans Spread
  • Broker’s Trading System of the Week – ES intraday System
  • Trading Levels for Next Week
  • Trading Reports for Next Week

USA Time Change!!

Final Week of Standard time in the U.S. “Spring Forward!” Begins Sunday, March 9th.

Advance your clocks 1 hour @ 2 A.M.

Important Notices: The Week Ahead

By John Thorpe, Senior Broker

 

Final Week of Standard time in the U.S. “Spring Forward!” Begins Sunday, March 9th.

Advance your clocks 1 hour @ 2 A.M.

More volatility to come as next week all markets will be reacting to the potential for tariff implementations creating uncertainty in the marketplace. Therefore, increased volatility expectations.

Highlights next week will also include CPI and PPI Wednesday and Thursday respectively prior to cash market open. No fed speakers as we enter the official “BlackOut” period. The next Fed Rate decision is do out the following week.

Earnings reports continue to dwindle with 302 total reports while we are in the top of the 9th inning of earnings season, the reports will be impacting the indices much less than in past weeks.

I am including the European carmakers as a benchmark. My belief is the market will be much more interested in the earnings of these companies in future quarters as bell weathers for potential tariff effects. Finally, for Indices traders, at the end of next week, Friday, this should be the last day you will want to trade the March contract. June will become the front month. M25.

Earnings Next Week:

  • Mon. Oracle post close
  • Tue. Volkswagen AG
  • Wed. Adobe post close, Porsche.
  • Thu.  Quiet
  • Fri. BMW

FED SPEECHES:

  • Mon.     Fed Blackout period
  • Tues.     until the day after
  • Wed.     the next rate announcement
  • Thu.     On Wednesday March 19th
  • Fri.       3/19/25 Chair Powell will Speak, 30 minutes after the rate decision.

Economic Data week:

  • Mon. Quiet
  • Tue. Redbook, Jolts, WASDE
  • Wed. CPI, EIA Crude Inventories, Beige Book
  • Thur. PPI, Initial Jobless Claims, EIA Nat Gas
  • Fri. Michigan Consumer Sentiment

Futures 102: Introduction to Treasuries

Course Overview

Central banks like the U.S. Federal Reserve help shape short- and long-term economic growth by restricting or expanding the supply of money circulating in an economy. They do this through the use of debt obligations called treasuries — such as bills, notes and bonds – in which the government borrows money from the holder for a specified period of time. Because treasuries are viewed as being among safest of all investments, they can be in high demand.

Treasury futures offer one way to gain exposure without trading the individual securities themselves. Learn the basics behind trading Treasury futures, from the delivery process, contract specifications, key concepts like basis and Cheapest to Deliver (CTD) and more. Discover the different ways these contracts are used, from price discovery to risk management to profit speculation, and how they are intertwined with other financial markets like stocks and currencies.

 

Start Now

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Hot Market of the Week

Hot market of the week is provided by QT Market Center, A Swiss army knife charting package that’s not just for Hedgers, Cooperatives and Farmers alike but also for Spread traders, Swing traders and shorter time frame application for intraday traders with a unique proprietary indicator that can be applied to your specific trading needs.

Free Trial Available

Soybean Spread

May – July

The May – July soybean spread accelerated with a gap higher where it completed its second upside PriceCount objective off the February low. The chart is correcting and closed the gap. IF you can resume the rally with new sustained highs, the third count would project a possible run to the -9 area, which would be consistent with a challenge of the January spike reversal.

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The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved. It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at www.qtchartoftheday.com

Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.

Brokers Trading System of the Week

With algorithmic trading systems becoming more prevalent in portfolio diversification, the following system has been selected as the broker’s choice for this month.

ES NZL

The NZL automated trading system utilizes two main ALGOS in an attempt to identify either an early trend in the trading day and/or high percentage counter trend set ups.

The system is fully automated and runs between the hours of 4 AM central and 3:15 PM Central.

The model relies on volume charts rather than time charts.

PRODUCT

Mini SP500

SYSTEM TYPE

Day Trading

Recommended Cannon Trading Starting Capital

$36,000

COST

USD 199 / monthly

Get Started

Learn More

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The performance shown above is hypothetical in that the chart represents returns in a model account. The model account rises or falls by the average single contract profit and loss achieved by clients trading actual money pursuant to the listed system’s trading signals on the appropriate dates (client fills), or if no actual client profit or loss available – by the hypothetical single contract profit and loss of trades generated by the system’s trading signals on that day in real time (real‐time) less slippage, or if no real time profit or loss available – by the hypothetical single contract profit and loss of trades generated by running the system logic backwards on back adjusted data. Please read full disclaimer HERE.

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Trading Levels for Next Week

Daily Levels for March 10th, 2025

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Trading Reports for Next Week

First Notice (FN), Last trading (LT) Days for the Week:

www.mrci.com

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Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

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April Unleaded Gasoline & New Micro Futures – Grains, Oilseeds: Market Insights for Tomorrow

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unleaded gasoline

April Unleaded Gasoline takes the spotlight!

Different Markets for Day Trading

April Unleaded Gasoline.

Busy trading day tomorrow with many different reports – please check the calendar below!!

Micro Futures – Grains, Oilseeds.

CME Group, the world’s leading derivatives marketplace, announced in late January that it will launch a suite of micro grain and oilseed futures contracts. These contracts will be cash-settled and be one-tenth the size of the exchange’s Corn, Wheat, Soybean, Soybean Oil and Soybean Meal futures contracts.

Their first day of trading was this last Monday, Feb. 24.

Quoting John Ricci, Managing Director and Global Head of Agriculture from CME Group’s press release: “Our benchmark grain and oilseed futures products are the most liquid and highly-utilized markets in global agriculture today. These smaller-sized contracts will provide additional flexibility for market participants to manage their agricultural portfolios with greater precision.”

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Micro Futures

Corn, Wheat, Soybean, Soybean Oil and Soybean Meal futures will be listed by and subject to the rules of CBOT. For more information and additional contract specs, please visit www.cmegroup.com/microags.

April Unleaded Gasoline

April unleaded gasoline activated downside PriceCount objectives off the January top and is completing the first count to 2.20. It would be normal to get a near term reaction in the form of a consolidation or corrective trade from this level. If the chart can sustain further weakness, the second count would project a possible run to the 2.15 area. It would take a trade below the October reactionary low to formally negate the remaining unmet upside objectives.

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Daily Levels for February 27th, 2025

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Economic Reports

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Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

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