Today's Market View Corn Futures Expected to Open 13 to 15 Lower as of 7:15 a.m. CDT
23 minutes ago
Corn: The commercial outlook continues to grow more bullish in both old-crop and new-crop corn, setting up a test of the record high at $7.22 3/4 for the new-crop December contract in coming weeks.
Soybeans: Solid gains the past two weeks have the new-crop November contract in position to test the previous contract high at $14.15 1/2 as early as next week. A move through this level would turn the long-term trend up.
Wheat: Despite the significant weakening of the September-to-December Chicago futures spread last week, the commercial outlook remains bearish and should continue to stall rally attempts.
Live Cattle: After rallying early in the week and testing the previous week's high, cattle contracts came under renewed pressure, stalling the recently established short-term uptrend.
Cotton: The downtrend in cotton continues to strengthen as the new-crop December contract closed below $1/pound for the first time since early January, opening the door for additional noncommercial long-liquidation.
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.
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"
Just one example what is taught in the course.
30 year T-Bond option strategy (based on 5 options per trade) for 9 Months Trading 2007 / 2008
June T-Bond Option Strategy P/L......+ $ 9,603.
July T-Bond Option Strategy P/L......+ $ 8,047.
Aug. T-Bond Option Strategy P/L......- ($390.)
Sept. T-bond Option Strategy P/L......+ $ 13,378.
Oct. T-Bond Option Strategy P/L......- ($ 1,504.)
Nov. T-Bond Option Strategy P/L......+ $ 17,870.
Dec. T-Bond Option Strategy P/L......+ $ 8,999.
Jan. T-Bonds Option strategy P/L.......+ $ 5,308.
Feb T-Bonds Option Strategy P/L.......+ $ 6,716.
P/L for 9 months...+ $ 68,027.
This is probably one of the easiest option strategies one can do with options almost daily. Easy to put on and exit. Very easy to learn and simple to do. It works because of momentum building on momentum. E mail me for information concerning the T-Bond option strategy.
To review comments about my trading course and Market Picks click on link below. Send E mail request (please fill in subject box saying, send Trading Course Information)
Market Picks are no longer available because of health issues.