Today's Market View Corn Futures Expected to Open 3 to 5 Higher as of 7:15 a.m.
26 minutes ago
Corn: The new-crop December contract unsuccessfully tested the previous high for the fourth time in five sessions in large part due to spillover noncommercial pressure from the old-crop market.
Soybeans: The soybean market held up relatively well Tuesday by ignoring the sharp losses in corn and wheat as the new-crop November contract rallied on planting delays.
Wheat: Noncommercial long liquation led to sharp losses in all three wheat markets with additional pressure tied to follow-through commercial selling.
Live Cattle: Live cattle contracts closed well off session lows on follow-through noncommercial selling, though the nearby June was able to settle higher tied to renewed commercial interest.
Cotton: The weaker dollar and unfriendly weather forecasts for growing areas sparked a limit-up move in new-crop December cotton on strong buying from both sides of the market.
Since 1996 by request from many traders new and old hands at trading I was ask to post my calls at that time on AOL Commodity forum board. I did and it soon turned into my E mail service called Market Pick, posting my calls in advance of the markets and offering in my trading course. I believe you will enjoy watching the markets after the market opens.
Simplicity is the most powerful approach to trading you can have. Send me a E mail for information on my trading course called "The Art Of Trading"
My market calls are my opinions and the average is around 75% right 25% wrong based on my trading methods.
Market Pick Sample:
Grains
5/03 July Rice buy 15.41 price hit
4/25 July Wheat buy 8444 price hit
4/13,20 July Corn buy 7892 canceled
Meats:
5/05 July L-Hogs: sell 92.270 price hit
5/03,4 Aug. F-Cattle sell 134.120 price hit, 132.920 price hit
5/03 Aug. L-Hogs sell 95.450 price hit
Soft's / Misc.
5/02 July Cotton sell 146.20 price hit
4/25,26 July Cotton sell 164.00 price hit
4/25,28 July Coffee buy 302.50 price hit
Metals:
5/02,5 July Silver buy 49.85 canceled
4/27 June Gold buy 1519.5 price hit
4/07 June Gold buy 1463.9 price hit
Energies:
3/10,14 June Nat. Gas sell 3.957 price hit, 3.800 canceled
2/22 April Nat. Gas sell 3.949 price hit, 3.867 price hit
2/17,18 April Crude Oil sell 87.06 canceled
Currencies:
5.02 June B/Pound buy 1.6730 price it
4/27 June B/Pound buy 1.6593 price hit
4/18,20 June S/Franc buy 1.12440 price hit
Financial's / Indexes
5/03 June Eurodollar buy 99.715 price hit
5/03,4 June S&P 500 buy 1364.0 canceled
4/06,7 June Eurodollar buy 99.70 price hit
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