{"id":11687,"date":"2016-09-29T12:26:46","date_gmt":"2016-09-29T20:26:46","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=11687"},"modified":"2017-07-19T03:58:29","modified_gmt":"2017-07-19T11:58:29","slug":"usda-report-tomorrow-9-30-2016","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/usda-report-tomorrow-9-30-2016\/","title":{"rendered":"USDA report tomorrow! 9.30.2016"},"content":{"rendered":"

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.
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\n\"Like<\/a>\"Follow<\/a>\"View<\/a>\"Find<\/a>\"Cannon<\/a>\"Find<\/a><\/p>\n

1. Market Commentary<\/a><\/strong>
\n2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index<\/a><\/strong>
\n3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds<\/a><\/strong>
\n4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver<\/a><\/strong>
\n5. Futures Economic Reports for Friday\u00a0September 30, 20<\/a><\/strong>16<\/strong><\/a><\/p>\n

Greetings!<\/p>\n

Two pointers for tomorrow:<\/strong><\/p>\n

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:<\/p>\n

\n

http:\/\/www.agweb.com\/article\/what-can-we-expect-from-the-next-usda-grain-stocks-report-naa-debra-beachy\/<\/a><\/p>\n

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.<\/p>\n

“We’re not expecting a big jump in ending stocks,” he says.\u00a0“We don’t expect major changes.”<\/p>\n

However, the report could be bearish if it shows a bigger-than-expected increase in ending stocks, according to some analysts.\u00a0The report is based on a survey of farmers taken around Sept. 1, the end of the old crop year.<\/p>\n

“This report puts the final stamp on the old crop marketing year,” Nelson says.<\/p>\n

Allendale estimates old crop corn at 1.728 billion bushels, which is\u00a0lower than the Sept. 12 USDA estimate of 1.915 billion bushels.\u00a0 The firm estimates old crop soybeans at 214 million bushels, higher than the USDA estimate of 195 million bushels.<\/p>\n

“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\u00a0that Allendale estimates weaker soybean demand and less domestic crush than USDA.<\/p>\n

Analysts surveyed by Bloomberg expect Sept. 1 corn stocks to come in at 1.754 billion bushels, soybeans at 200 million bushels\u00a0and wheat stocks at 2,438 million bushels.<\/p>\n<\/div>\n

\u00a02. 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:<\/strong><\/p>\n

Tomorrow is the last trading day of the month. Certain markets will experience certain trading behavior on the last trading day of the month.<\/p>\n

\n

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

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!\u00a0\u00a0 (vertical line marked)<\/p>\n<\/div>\n

\"Bond<\/strong><\/p>\n

<\/p>\n

GOOD TRADING<\/strong><\/p>\n

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.<\/p>\n

If you like Our\u00a0Futures Trading<\/a>\u00a0Daily Support and Resistance Levels, Please share!<\/strong><\/p>\n

Futures Trading Levels<\/a><\/strong><\/p>\n

Levels for Trade Date of 9.30.2016<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Contract Dec. 2016<\/td>\nSP500<\/td>\nNasdaq100<\/td>\nDow Jones<\/td>\nMini Russell<\/td>\nDollar Index<\/td>\n<\/tr>\n
Resistance 3<\/td>\n2194.33<\/td>\n4940.67<\/td>\n18532<\/td>\n1273.00<\/td>\n96.01<\/td>\n<\/tr>\n
Resistance 2<\/td>\n2180.67<\/td>\n4908.58<\/td>\n18406<\/td>\n1264.00<\/td>\n95.82<\/td>\n<\/tr>\n
Resistance 1<\/td>\n2164.58<\/td>\n4876.67<\/td>\n18252<\/td>\n1250.10<\/td>\n95.63<\/td>\n<\/tr>\n
Pivot<\/td>\n2150.92<\/td>\n4844.58<\/td>\n18126<\/td>\n1241.10<\/td>\n95.44<\/td>\n<\/tr>\n
Support 1<\/td>\n2134.83<\/td>\n4812.67<\/td>\n17972<\/td>\n1227.20<\/td>\n95.25<\/td>\n<\/tr>\n
Support 2<\/td>\n2121.17<\/td>\n4780.58<\/td>\n17846<\/td>\n1218.20<\/td>\n95.06<\/td>\n<\/tr>\n
Support 3<\/td>\n2105.08<\/td>\n4748.67<\/td>\n17692<\/td>\n1204.30<\/td>\n94.87<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Contract<\/td>\nDec. Gold<\/td>\nDec. Silver<\/td>\nNov. Crude Oil<\/td>\nDec. Bonds<\/td>\nDec. \u00a0 Euro<\/td>\n<\/tr>\n
Resistance 3<\/td>\n1340.3<\/td>\n19.80<\/td>\n50.23<\/td>\n171 28\/32<\/td>\n1.1340<\/td>\n<\/tr>\n
Resistance 2<\/td>\n1334.9<\/td>\n19.63<\/td>\n49.27<\/td>\n170 28\/32<\/td>\n1.1314<\/td>\n<\/tr>\n
Resistance 1<\/td>\n1329.5<\/td>\n19.39<\/td>\n48.51<\/td>\n170 8\/32<\/td>\n1.1285<\/td>\n<\/tr>\n
Pivot<\/td>\n1324.1<\/td>\n19.22<\/td>\n47.55<\/td>\n169 8\/32<\/td>\n1.1259<\/td>\n<\/tr>\n
Support 1<\/td>\n1318.7<\/td>\n18.98<\/td>\n46.79<\/td>\n168 20\/32<\/td>\n1.1231<\/td>\n<\/tr>\n
Support 2<\/td>\n1313.3<\/td>\n18.81<\/td>\n45.83<\/td>\n167 20\/32<\/td>\n1.1205<\/td>\n<\/tr>\n
Support 3<\/td>\n1307.9<\/td>\n18.57<\/td>\n45.07<\/td>\n167<\/td>\n1.1176<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Contract<\/td>\nDec. Corn<\/td>\nDec. Wheat<\/td>\nNov. Beans<\/td>\nDec. SoyMeal<\/td>\nNov. Nat Gas<\/td>\n<\/tr>\n
Resistance 3<\/td>\n335.5<\/td>\n412.3<\/td>\n963.00<\/td>\n307.57<\/td>\n3.091<\/td>\n<\/tr>\n
Resistance 2<\/td>\n333.8<\/td>\n409.2<\/td>\n958.75<\/td>\n305.23<\/td>\n3.061<\/td>\n<\/tr>\n
Resistance 1<\/td>\n331.5<\/td>\n404.1<\/td>\n954.50<\/td>\n301.97<\/td>\n3.015<\/td>\n<\/tr>\n
Pivot<\/td>\n329.8<\/td>\n400.9<\/td>\n950.25<\/td>\n299.63<\/td>\n2.985<\/td>\n<\/tr>\n
Support 1<\/td>\n327.5<\/td>\n395.8<\/td>\n946.0<\/td>\n296.4<\/td>\n2.939<\/td>\n<\/tr>\n
Support 2<\/td>\n325.8<\/td>\n392.7<\/td>\n941.75<\/td>\n294.03<\/td>\n2.909<\/td>\n<\/tr>\n
Support 3<\/td>\n323.5<\/td>\n387.6<\/td>\n937.50<\/td>\n290.77<\/td>\n2.863<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

source:http:\/\/www.forexfactory.com\/calendar.php<\/a><\/p>\n

All times are Eastern time Zone (EST<\/a>)<\/strong><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Date<\/th>\n4:22pm<\/a><\/th>\nCurrency<\/th>\nImpact<\/th>\n<\/th>\nDetail<\/th>\nActual<\/th>\nForecast<\/th>\nPrevious<\/th>\nGraph<\/th>\n<\/tr>\n<\/thead>\n
<\/td>\n<\/tr>\n
FriSep 30<\/span><\/td>\n2:00am<\/td>\nEUR<\/td>\n<\/td>\n\n
German Retail Sales m\/m<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n-0.2%<\/td>\n1.7%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nGBP<\/td>\n<\/td>\n\n
Nationwide HPI m\/m<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n0.3%<\/td>\n0.6%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n2:45am<\/td>\nEUR<\/td>\n<\/td>\n\n
French Consumer Spending m\/m<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n0.4%<\/td>\n-0.2%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nEUR<\/td>\n<\/td>\n\n
French Prelim CPI m\/m<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n-0.3%<\/td>\n0.3%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n4:00am<\/td>\nEUR<\/td>\n<\/td>\n\n
Italian Monthly Unemployment Rate<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n11.4%<\/td>\n11.4%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n4:30am<\/td>\nGBP<\/td>\n<\/td>\n\n
Current Account<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n-30.5B<\/td>\n-32.6B<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nGBP<\/td>\n<\/td>\n\n
Final GDP q\/q<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n0.6%<\/td>\n0.6%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nGBP<\/td>\n<\/td>\n\n
Index of Services 3m\/3m<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n0.3%<\/td>\n0.5%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nGBP<\/td>\n<\/td>\n\n
Revised Business Investment q\/q<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n0.5%<\/td>\n0.5%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n5:00am<\/td>\nEUR<\/td>\n<\/td>\n\n
CPI Flash Estimate y\/y<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n0.4%<\/td>\n0.2%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nEUR<\/td>\n<\/td>\n\n
Core CPI Flash Estimate y\/y<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n0.9%<\/td>\n0.8%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nEUR<\/td>\n<\/td>\n\n
Italian Prelim CPI m\/m<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n-0.3%<\/td>\n0.2%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nEUR<\/td>\n<\/td>\n\n
Unemployment Rate<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n10.0%<\/td>\n10.1%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n8:30am<\/td>\nUSD<\/td>\n<\/td>\n\n
Core PCE Price Index m\/m<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n0.2%<\/td>\n0.1%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nUSD<\/td>\n<\/td>\n\n
Personal Spending m\/m<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n0.2%<\/td>\n0.3%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nUSD<\/td>\n<\/td>\n\n
Personal Income m\/m<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n0.2%<\/td>\n0.4%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n9:45am<\/td>\nUSD<\/td>\n<\/td>\n\n
Chicago PMI<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n52.1<\/td>\n51.5<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n10:00am<\/td>\nUSD<\/td>\n<\/td>\n\n
Revised UoM Consumer Sentiment<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n90.1<\/td>\n89.8<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nUSD<\/td>\n<\/td>\n\n
Revised UoM Inflation Expectations<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n<\/td>\n2.3%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc<\/a>. 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.<\/h3>\n","protected":false},"excerpt":{"rendered":"

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed. 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. […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[67],"tags":[1016,1017],"class_list":["post-11687","post","type-post","status-publish","format-standard","hentry","category-future-trading-news","tag-bond-chart","tag-usda-report"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/11687","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/comments?post=11687"}],"version-history":[{"count":4,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/11687\/revisions"}],"predecessor-version":[{"id":11693,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/11687\/revisions\/11693"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=11687"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=11687"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=11687"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}