{"id":17566,"date":"2022-03-02T14:46:02","date_gmt":"2022-03-02T22:46:02","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=17566"},"modified":"2022-03-02T14:46:02","modified_gmt":"2022-03-02T22:46:02","slug":"ukraine-commodities-futures-trading-levels-3-03-2022","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/ukraine-commodities-futures-trading-levels-3-03-2022\/","title":{"rendered":"Ukraine & Commodities, Futures Trading Levels 3.03.2022"},"content":{"rendered":"
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Russia, Ukraine & Commodities<\/h1>\n
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By Mark O’Brien, Senior Broker<\/div>\n
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In a recent blog post, it was noted, \u201cWe\u2019re just one month into this calendar year with more developments ahead \u2013 geopolitically, weather-related and monetary policy related \u2013 all set to cause commodity prices across a range of asset classes to exhibit potentially rugged price action.\u00a0Keep an eye out.\u201d\u00a0Now two months into this calendar year, it appears that statement was subdued.<\/div>\n
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Many of the market moves stem from the escalating war activities in Ukraine, which\u00a0will remain a dominant force\u00a0in determining prices of several commodities.\u00a0Russia and Ukraine account for nearly 20% of global corn exports and 25% of wheat.\u00a0May corn<\/a> traded to new contract highs overnight (747\u00be, basis May).\u00a0May wheat<\/a> traded up its 75-cent limit today to the highest level since March of 2008.\u00a0Russia is responsible for up to 40% of the palladium supply<\/a> to the world, a commodity not typically among any trader\u2019s top-ten to keep an eye on.\u00a0It\u2019s seen a \u00b1$300\/oz. move up since Friday\u2019s close and is poised to close at daily contract highs.\u00a0Prices in crude oil<\/a> surged again today, trading intermittently to life-of-contract highs above $112\/barrel.\u00a0These and other markets \u2013 think metals, other energy products, stock index futures \u2013 will continue to exhibit outsize moves.\u00a0And while fears of physical supply disruptions, a ratcheting up of inflation expectations and other forces have sellers moving to the sidelines across numerous commodities, these traders are not gone.\u00a0Take care.<\/div>\n
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Sierra + Teton<\/strong> Available\u00a0through Cannon Trading<\/a>\u00a0along with other data feeds such as CQG and Rithmic.<\/div>\n
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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.\u00a0 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 when it comes to Futures Trading.<\/p>\n

Futures Trading Levels<\/strong><\/h3>\n

03-03-2022<\/p>\n

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\n<\/a>Economic Reports, Source:\u00a0<\/strong><\/h3>\n

http:\/\/BetterTrader.Co<\/a><\/p>\n

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This is not a solicitation of any order to buy or sell, but a current market view provided by\u00a0Cannon Trading Inc<\/a>. Any statement of facts\u00a0here in\u00a0contained are derived from sources believed to be\u00a0reliable,\u00a0but are not guaranteed as to\u00a0accuracy, 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\u00a0judgement\u00a0in trading.<\/p>\n","protected":false},"excerpt":{"rendered":"

Get Real Time updates and\u00a0more on our private FB group! https:\/\/business.facebook.com\/groups\/1105191589938254\/ Russia, Ukraine & Commodities By Mark O’Brien, Senior Broker In a recent blog post, it was noted, \u201cWe\u2019re just one month into this calendar year with more developments ahead \u2013 geopolitically, weather-related and monetary policy related \u2013 all set to cause commodity prices across […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[67,238],"tags":[],"class_list":["post-17566","post","type-post","status-publish","format-standard","hentry","category-future-trading-news","category-grain-futures"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/17566","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=17566"}],"version-history":[{"count":2,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/17566\/revisions"}],"predecessor-version":[{"id":17568,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/17566\/revisions\/17568"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=17566"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=17566"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=17566"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}