{"id":18351,"date":"2023-03-27T12:11:40","date_gmt":"2023-03-27T20:11:40","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=18351"},"modified":"2023-03-27T12:11:40","modified_gmt":"2023-03-27T20:11:40","slug":"big-grain-report-this-friday-03-28-2023-trading-levels","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/big-grain-report-this-friday-03-28-2023-trading-levels\/","title":{"rendered":"Big Grain Report this Friday + 03.28.2023 Trading Levels"},"content":{"rendered":"
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Get Real Time updates and more on our private FB group!<\/span><\/div>\n
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https:\/\/business.facebook.com\/groups\/1105191589938254\/<\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
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The Week Ahead:<\/h3>\n

By John Thorpe, Senior broker<\/p>\n

There are few reports with market-moving potential in the March 27 week for the financials, However, for the grain markets and impact on livestock prices, Friday will mark the\u00a0once a year prospective plantings report.<\/p>\n

The third and final estimate of GDP for the fourth quarter 2022 will be reported at 7:30 CDT on Thursday. With the first quarter 2023 already nearing its end, there is far more interest in economic conditions in the January-March period.<\/p>\n

Meanwhile, Fed policymakers will be back in public after the end of the communications blackout period from the March 21-22 FOMC meeting. No comments will be more closely attended to than Vice Chair of Supervision\u00a0Michael Barr\u2019s appearance before the House Financial Services Committee on Wednesday at 9:00 CDT. Aside from the committee\u2019s posturing, Barr\u2019s written testimony and responses to questioning will be a warning to other banks to clean up their risk management and any overreliance on narrow business sectors.<\/p>\n

For our Grain Traders and Bona Fide Hedgers<\/p>\n

This piece of information from one of our partners,<\/p>\n

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QTMarketCenter<\/a><\/p>\n

Offers expectations for Friday\u2019s big and all important USDA\u00a0Prospective Plantings report and USDA Quarterly Grain Stocks\u00a0—<\/p>\n

Ahead of this week’s USDA quarterly grain stocks report, analysts are forecasting as of March 1, US Soybean<\/a> stockpiles at 1.73 bln bu, that compares with the 1.93 bln bu on March 1, 2022<\/p>\n

— Ahead of this week’s USDA quarterly grain stocks report, analysts are forecasting as of March 1, US Corn<\/a> stockpiles at 7.47 bln bu, that compares with the 7.76 bln bu on March 1, 2022<\/p>\n

— Grain traders and analysts are forecasting next week’s USDA prospective planting report to show US Soybean<\/a> acres at 88.3 mln, that compares with last season’s 87.5 mln acres.\u00a0The data will be released Friday, March 31 around 11:00 am CT.<\/p>\n

— Grain traders and analysts are forecasting next week’s USDA prospective planting report to show US Corn<\/a> acres at 90.9 mln, that compares with last season’s 88.6 mln acres.\u00a0The data will be released Friday, March 31 around 11:00 am CT.<\/p>\n

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Plan your trade and trade your plan.\u00a0<\/a><\/p>\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

for 03-28-2023<\/p>\n

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#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG<\/figcaption><\/figure>\n
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Economic Reports, Source:\u00a0<\/strong><\/h3>\n

Forexfactory.com<\/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 more on our private FB group! https:\/\/business.facebook.com\/groups\/1105191589938254\/     The Week Ahead: By John Thorpe, Senior broker There are few reports with market-moving potential in the March 27 week for the financials, However, for the grain markets and impact on livestock prices, Friday will mark the\u00a0once a year prospective plantings […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[67,231,76,30,238],"tags":[1481,1480,1475,1471,1469,1467,1468,1474,1472,1477,1478,1476,1479,1470,1473,1172,1239,40,627,1277,36],"class_list":["post-18351","post","type-post","status-publish","format-standard","hentry","category-future-trading-news","category-commodity-brokers-2","category-commodity-trading-2","category-futures-broker-2","category-grain-futures","tag-cbot","tag-comex","tag-commoditiesmarket","tag-commoditiestrader","tag-commoditytrading","tag-crudeoil","tag-daytrader","tag-futuresmarket","tag-futurestrader","tag-kcbt","tag-mgex","tag-nymex","tag-smfe","tag-stockindices","tag-swingtrader","tag-cme","tag-commodities","tag-daytrading","tag-futures","tag-globex","tag-gold"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/18351","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=18351"}],"version-history":[{"count":1,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/18351\/revisions"}],"predecessor-version":[{"id":18352,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/18351\/revisions\/18352"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=18351"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=18351"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=18351"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}