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Commodities and Tariffs, Crude Oil, AG & Energies, September KC Wheat; Your 6 Important Need-To-Knows for Trading Futures on July 8th, 2025

Posted on by Cannon Operations

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Commodities Face Pivotal Tariff Week Post 4th of July

commodities

Commodities, Tariffs on the AG & Energy Markets

Description: Arlan Suderman, Chief Commodities Economist at StoneX, breaks down the post-holiday movements in the AG & Energy markets. This week’s key drivers include:

  • Crude oil volatility following OPEC’s surprise output announcement.
  • Heavy losses in corn, soybeans, and wheat tied to favorable U.S. weather.
  • Tariff countdown: U.S. trade negotiations with 18 countries near critical deadlines.
  • China’s geopolitical squeeze and strained EU-China relations.
  • Potential impact of new trade frameworks with the EU & Vietnam.

This week is shaping up to be pivotal. Will new trade deals support the commodities? Or will weather and global politics keep pressure on the markets? Don’t forget to Like, Subscribe, and turn on notifications to stay updated on key market insights.
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Sept. Kansas City Wheat

September KC wheat is testing the contract lows established in May. If this support level doesn’t hold, new sustained lows would project a slide to the second downside PriceCount objective to the $5.02 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 8th, 2025
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Want to feature our updated trading levels on your website? Simply paste a small code, and they’ll update automatically every day! 

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Economic Reports

provided by: ForexFactory.com

All times are Eastern Time ( New York)
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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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Juneteenth Modified Hours; September KC Wheat, Levels & Reports; Your 4 Important Need-To-Knows for Trading Futures on Juneteenth; June 19th, 2025

Posted on by Cannon Operations

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Juneteenth Modified Schedule Tomorrow

juneteenth

Juneteenth tomorrow!

Click to View Amended Holiday Trading Hours 
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September KC Wheat

September KC wheat has resumed its rally into a new recovery high. This opens the topside for a potential run to the second upside PriceCount objective to the $5.82 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 June 19th, 2025
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Want to feature our updated trading levels on your website? Simply paste a small code, and they’ll update automatically every day! 

Click here for quick and easy instructions.

Economic Reports

provided by: ForexFactory.com

All times are Eastern Time ( New York)
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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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Voice of The Tomb: Seasonals, Corn, Wheat, & More Crucial, Important Need-To-Knows for Trading Futures on May 14th, 2025

Posted on by Cannon Operations

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Voice from the Tomb

Voice from The Tomb, Seasonals & more

by John Thorpe, Senior Broker

Day trade margins are back to normal valuations.

A quiet data day tomorrow.

    Market volatility is here to stay for the foreseeable future

Choose your opportunities wisely. Today’s market swings were largely back to normal (pre tariff talk normal)

I thought the timing would be correct to revisit this sage wisdom from the not-so-distant past since April WASDE was released yesterday.

This 8 ½ x 11, well worn, sheet of paper version has been pinned to the corkboard in my office for decades and is worth a share. Called “Voice from the Tomb”, I have noticed a web page dedicated solely to this Myth or Non-Fiction? Lore or Fact? and his experiences following the execution dates.

It’s interesting to contemplate the prospective impact of following the note left to family members, in light of some of the upcoming dates provided. What follows is simply a brief of the contents, feel free to google search the topic to follow the trader’s experiences, you too may end up saving the primary authors advice.

Voice From the Tomb

This is the legend of a wise grain trader that made a fortune trading “seasonals” in the pits of the Chicago Board of Trade.

“After his wife died, a millionaire grain trader dedicated his life to raising their children. The children were lazy and thought they’d inherit all of their father’s money. He felt that his children were wasteful and believed they took him for granted. When he died, all the money went to charity. All he left them in his will were the following dates of when to buy and sell. The will said that if they strictly followed his advice, they’d have the fortunes they always thought were going to drop in their laps.”

Seasonals, Corn, Wheat

seasonals corn wheat

So what is a “seasonal”? “Seasonality often plays a part in determining prices for commodities in regular cycles throughout the year. Normal increases and decreases in supply and demand for particular commodities seem to occur every year in fairly consistent patterns. Commodity seasonal patterns might appear to be an easy trading strategy for commodities, but seasonal tendencies are just that – tendencies.” Chuck Kowalski

Wheat

  • Sell March Wheat on January 10
  • Buy May and/or July Wheat on February 22
  • Sell July Wheat on May 10
  • Buy December Wheat on July 1
  • Sell December Wheat on September 10
  • Buy March Wheat on November 28

Corn

  • Buy July Corn on March 1
  • Sell July Corn on May 20
  • Buy December Corn on June 25
  • Sell December and March Corn on August 10

Disclaimers:

* Past results are not necessarily indicative of future results. The risk of loss in the futures trading market can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition.

** SEASONAL TENDENCIES ARE A COMPOSITE OF SOME OF THE MORE CONSISTENT COMMODITY FUTURES SEASONAL THAT HAVE OCCURRED OVER THE PAST 15 YEARS. THERE ARE USUALLY UNDERLYING FUNDAMENTAL CIRCUMSTANCES THAT OCCUR ANNUALLY THAT TEND TO CAUSE THE FUTURES TRADING MARKETS TO REACT IN A SIMILAR DIRECTIONAL MANNER DURING A CERTAIN CALENDAR PERIOD OF THE YEAR.

EVEN IF A SEASONAL TENDENCY OCCURS IN THE FUTURE, IT MAY NOT RESULT IN A PROFITABLE TRANSACTION AS FEES, AND THE TIMING OF THE ENTRY AND LIQUIDATION MAY IMPACT ON THE RESULTS. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT HAS IN THE PAST OR WILL IN THE FUTURE ACHIEVE PROFITS UTILIZING THESE STRATEGIES. NO REPRESENTATION IS BEING MADE THAT PRICE PATTERNS WILL RECUR IN THE FUTURE.

Tomorrow:

Econ Data:  EIA Energy stocks.

FED Speak: Three speakers

Earnings: TenCent, Siemens, Cisco systems, Sony

Tariff news: Anything goes!
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November Beans

November soybeans are activating upside PriceCount objectives off the April low. The first count projects a potential run to the $10.95 area although the chart will have to contend with the February high first. A trade above the late February reactionary high will formally negate the remaining unmet downside objective.
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Daily Levels for May 14th, 2025
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Want to feature our updated trading levels on your website? Simply paste a small code, and they’ll update automatically every day! 

Click here for quick and easy instructions.
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Economic Reports

provided by: ForexFactory.com

All times are Eastern Time ( New York)
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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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Gold Soars, Wheat Shrinks: 7 Powerful Stats from a Wild Trading Day

Posted on by Jenny Collins

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Turbulence in Equities & Commodities

Gold & Wheat, Emini S&P COTD

Buckle your seatbelts, Turbulence in equities and Commodities

By John Thorpe, Senior Broker

Please speak with your broker about ways that you may not be aware of to assist you with your risk management plans. They may surprise you with the creative solutions you may find more efficient than simple stop orders or the old “hand on the mouse blow yourself out” strategy.

Wheat

wheat

Why the turbulence in the Grain markets? USDA prospective plantings report was revealed, although largely in line with expectations, it’s a surprise that planted acres are down for soybeans, wheat and 12% lower for cotton while farmers are switching out of beans and planting corn instead, as seed and fertilizer costs are lower for these compliments in production.

Wheat for all winter varieties planted is the second smallest crop since records have been kept from 1919. The weather market begins now in earnest for the Wheat complex for the next 8 weeks.

    Market volatility is here to stay for the foreseeable future

Choose your opportunities wisely.

 What in the world was going on with equity prices today, first the big dump was attributed to Liberation Tariff Day, coined by the media, only to see the markets stage a brave comeback against all talking point odds! Was this merely a technical correction? Or a combination of oversold and some positive tariff news?

 Mini Dow’s range today? 786 points $value? = $3930.00 from hi to lo

  Mini S & P’s range today? 111.25 points $ Value? = $5562.50 from hi to lo

Mini Nasdaq’s range today? 439 points $value? = 8785.00 from hi to lo

How Gold is your Portfolio?

Gold

gold nugg

All-time highs in gold today. 3162.00 per troy gold ounce currently trading @ 3155.00 + over $40.00 per gold oz. yet the industrial metals were negative today, Dr. Copper and Silver. We offer all exchange traded contract sizes, from 1 oz to 100 ounces.

Secondary tariffs on Russian oil talk had the Crude oil futures up over $2 per bbl safely above the $70.00 /bbl price level.

Tomorrow:

Econ Data:  Redbook, ISM Mfg. Final, JOLTS, Dallas Fed.

FED Speak: Quiet

Earnings: Quiet

Tariff news: Anything goes!

June Emini S&P

The June Emini S&P corrected after it fompleted its second downside PriceCount objective earlier this month. Now, the chart has resumed its slide into a new low which, if sustained, would project a run to the third count in the 5371 area.

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Emini

Chart above 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

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 1st, 2025

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Want to feature our updated trading levels on your website? Simply paste a small code, and they’ll update automatically every day!

 Click here for quick and easy instructions.

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Economic Reports

provided by: ForexFactory.com

All times are Eastern Time (New York)

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Find us on Trustpilot
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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.
Call Now

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Market Outlook: May Wheat Satisfies, Key Earnings, Fed Speeches, and Economic Data for the Final Trading Week of the Month

Posted on by Jenny Collins

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Cannon Futures Weekly Letter

May MN Wheat

wheat

In Today’s Issue #1231

  • May Minnesota Wheat – Hot Market of the Week
  • Permanent Demo Available
  • The Week Ahead – NVIDIA, PCE, Housing Numbers, Fed Speeches and More!
  • Futures 102 – Understanding mini NASDAQ 100
  • Broker’s Trading System of the Week – ES intraday System
  • Trading Levels for Next Week
  • Trading Reports for Next Week

Trading Demo Available with your StoneX Futures Platform:

This permanent demo is available to all clients using the StoneX futures ( CQG desktop) platform as long as you have a balance.

If you live account is subscribed to live data, your demo will also have live data.

Demo data will run off the market data subscriptions you have.

See example below:

Login to your live trading account: https://m.cqg.com/stonexfutures

In the upper right corner, you should be able to click on your account number and select the demo account, which will be highlighted in yellow.

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Important Notices: The Week Ahead

By John Thorpe, Senior Broker

The final trading day of the month Next Friday with a full week packed with housing and other economic data, Fed Speak and a hot earning report or two.

Earnings Next Week:

  • Mon. Quiet
  • Tue. Home Depot before the open, Intuit post close
  • Wed. NVIDIA , Sales Force post close
  • Thu.  quiet
  • Fri. quiet

FED SPEECHES:

  • Mon Quiet
  • Tues. Barr 10:45 am CST, Barkin 12:00pm CST
  • Wed. Barkin 7:30 am CST, Bostic 11 am CST
  • Thu. Barr 9 am CST, Bowman 10:45 am CST, Hammack 12:15pm CST, Harker 2:15 CST
  • Fri. Quiet

Economic Data week:

 

  • Mon. Dallas Fed Manufacturing
  • Tue. RedBook, Case Schiller, Consumer confidence, Dallas Fed,
  • Wed. Richmond Fed, Bldg Permits, New Home Sales
  • Thur. Initial Jobless Claims, Durable Goods Q2 advance,
  • Fri. Core PCE, Chicago PMI

Futures 102: Understanding the E-mini Nasdaq-100

Course Overview

Learn more about the E-mini Nasdaq-100 futures contract. You will gain an understanding of the E-mini Nasdaq-100 futures contract specifications, spreading between different equity index futures contracts, and the tools available to help investors.

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

May MN Wheat

May MN wheat satisfied its third upside PriceCount objective where it would be normal to get a near term reaction in the form of a consolidation or corrective trade, at least. At this point, IF the chart can resume its rally into new sustained highs, we are left with the low percentage fourth count to aim for to the $7.27 area. It takes a trade above the October reactionary high to formally negate the remaining unmet downside counts. That’s May MN Wheat!

PriceCounts – Not about where we’ve been, but where we might be going next!

 

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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

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 February 24th, 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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RISK DISCLOSURE: Past results are not necessarily indicative of future results. The risk of loss in futures trading can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition.