Posted By: Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
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|Market Movers Video|
Looking ahead to the September 28 Grain Stocks Report
In this video, Dave Hightower, Founding Principal of The Hightower Report, and Dan Basse, President of AgResource Company discuss this and more in their preview of the September 28Grain Stocks report. Are there signs that we’re stepping into a demand-led market?
- USDA recently adjusted wheat and corn stocks down, but the new trend points USDA revising demand upward again.
- Wheat stocks are projected at 935 million bushels for the 2018 and 2019 season, higher than normal – how will that impact pricing going forward?
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.
Futures Trading Levels
|Contract December 2018||SP500 #ES_F||Nasdaq100 #NQ_F||Dow Jones #YM_F||Mini Russell #RTY_F||BitCoin Index #XBT_F|
|Contract||December Gold #GC_F||Dec. Silver #SI-F||Nov. Crude Oil #CL-F||Dec. Bonds #ZB_F||Dec. Euro #6E_F|
|Resistance 3||1218.2||14.72||73.37||141 27/32||1.1932|
|Resistance 2||1212.5||14.63||72.87||141 10/32||1.1904|
|Support 1||1193.6||14.31||71.55||140 5/32||1.1784|
|Support 2||1187.9||14.22||71.05||139 20/32||1.1756|
|Support 3||1181.3||14.10||70.64||139 10/32||1.1710|
|Contract||Dec. Corn #ZC_F||Dec. Wheat #ZW_F||Nov. Beans #ZS_F||Dec. SoyMeal #ZM_F||Nov. Nat Gas #NG_F|
Economic Reports, source:
German GfK Consumer Climate
German Prelim CPI m/m
M3 Money Supply y/y
ECB Economic Bulletin
Private Loans y/y
Italian 10-y Bond Auction
Core Durable Goods Orders m/m
Final GDP q/q
Durable Goods Orders m/m
Final GDP Price Index q/q
Goods Trade Balance
Prelim Wholesale Inventories m/m
ECB President Draghi Speaks
Pending Home Sales m/m
Natural Gas Storage
Fed Chair Powell Speaks
GfK Consumer Confidence
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 here in 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 judgement in trading.