Grain Futures Update

News & commentary on Grain Futures markets including wheat, soybeans, corn & more.

Grain Futures Update is a blog dedicated to bringing updates, news and commentary on grain futures markets including the commodities wheat, corn, soybeans and more.

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Futures, options and forex trading is speculative in nature and involves substantial risk of loss.  These recommendations are a solicitation for entering into derivatives transactions.  All known news and events have already been factored into the price of the underlying derivatives discussed.  From time to time persons affiliated with Zaner, or its associated companies, may have positions in recommended and other derivatives.


Posted on 9/19/2019 1:46:52 PM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.

 


Posted on 9/19/2019 1:46:26 PM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.

 


Posted on 9/18/2019 1:27:45 PM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.

 


MANY AREAS IN BRAZIL, ARGENTINA AND AUSTRALIA ARE IN NEED OF RAIN.

Posted on 9/18/2019 7:05:25 AM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.



Higher closes for oats and rough rice while lower for Minneapolis, Kansas City and Chicago wheat along with soybeans, soybean meal, soybean oil and corn. TARIFFS AND THE DOLLAR ARE ALWAYS AN ISSUE LATELY BUT NOW THE FOCUS IS ON WEATHER ESPECIALLY WITH DRY AREAS IN BRAZIL, THOUGH THE SOUTHERN PART IS OKAY, ARGENTINA DRY IN THE WHEAT GROWING AREAS AND AUSTRALIA DROUGHT LIKE CONDITIONS IN WALES AND QUEENLAND.  The wheat complex has been retracing higher since September 3rd but now faces resistance areas. KC, though, is forming a possible bottom in my opinion. Otherwise, this complex remains bearish overall. with Minneapolis first needing a close above 550, KC 410 and Chicago 500 at this time. Oats appear to be in a BULL PENNANT but also in a strong looking resistance area. Strong support remains below 275 down to around 260 also. Rough rice has been retracing higher since the end of July culminating in its HIGHEST HIGH AND CLOSE since August 22nd causing me to remove my sell signal and stand aside for now. Corn continues to look bearish overall but I feel that adding shorts now is not worth the risk with a gap still at 392 3/4 and most of the bearish news already being accounted for. Beside the action has been choppy over the last month which often happens at tops and bottoms. However, I keep focusing on that gap which, as you know, generally fill around 90 % of the time in the grain complex. CALL ME IF YOU WANT A STRATEGY FOR POSSIBLY TAKING ADVANTAGE OF THIS SITUATION. Soybeans gave me a BUY SIGNAL on Sept. 12th while now in a strong looking resistance area. Personally I would stand aside at this time. The distance between major support and resistance is too close (30 cents) for me. Meal continues trade steadily lower overall but has been consolidating since the beginning of August while the fundamental news for the been complex has leaned toward being bullish lately. Oil has a GAP AT 2902 which in not far away at this time while reaching its highest high since last December 19th giving me a BUY SIGNAL Major support lingers around 2900. BUY SIGNALS FOR OATS AND SOYBEANS. SELL SIGNALS FOR MINNEAPOLIS, KANSAS CITY AND CHICAGO WHEAT ALONG WITH CORN AND SOYBEAN MEAL. For additional charts, quotes, news, commentary & more, sign up for a FREE 30 day trial to markethead.com.


MANY AREAS IN BRAZIL, ARGENTINA AND AUSTRALIA ARE IN NEED OF RAIN.

Posted on 9/18/2019 7:05:19 AM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.



Higher closes for oats and rough rice while lower for Minneapolis, Kansas City and Chicago wheat along with soybeans, soybean meal, soybean oil and corn. TARIFFS AND THE DOLLAR ARE ALWAYS AN ISSUE LATELY BUT NOW THE FOCUS IS ON WEATHER ESPECIALLY WITH DRY AREAS IN BRAZIL, THOUGH THE SOUTHERN PART IS OKAY, ARGENTINA DRY IN THE WHEAT GROWING AREAS AND AUSTRALIA DROUGHT LIKE CONDITIONS IN WALES AND QUEENLAND.  The wheat complex has been retracing higher since September 3rd but now faces resistance areas. KC, though, is forming a possible bottom in my opinion. Otherwise, this complex remains bearish overall. with Minneapolis first needing a close above 550, KC 410 and Chicago 500 at this time. Oats appear to be in a BULL PENNANT but also in a strong looking resistance area. Strong support remains below 275 down to around 260 also. Rough rice has been retracing higher since the end of July culminating in its HIGHEST HIGH AND CLOSE since August 22nd causing me to remove my sell signal and stand aside for now. Corn continues to look bearish overall but I feel that adding shorts now is not worth the risk with a gap still at 392 3/4 and most of the bearish news already being accounted for. Beside the action has been choppy over the last month which often happens at tops and bottoms. However, I keep focusing on that gap which, as you know, generally fill around 90 % of the time in the grain complex. CALL ME IF YOU WANT A STRATEGY FOR POSSIBLY TAKING ADVANTAGE OF THIS SITUATION. Soybeans gave me a BUY SIGNAL on Sept. 12th while now in a strong looking resistance area. Personally I would stand aside at this time. The distance between major support and resistance is too close (30 cents) for me. Meal continues trade steadily lower overall but has been consolidating since the beginning of August while the fundamental news for the been complex has leaned toward being bullish lately. Oil has a GAP AT 2902 which in not far away at this time while reaching its highest high since last December 19th giving me a BUY SIGNAL Major support lingers around 2900. BUY SIGNALS FOR OATS AND SOYBEANS. SELL SIGNALS FOR MINNEAPOLIS, KANSAS CITY AND CHICAGO WHEAT ALONG WITH CORN AND SOYBEAN MEAL. For additional charts, quotes, news, commentary & more, sign up for a FREE 30 day trial to markethead.com.


Posted on 9/17/2019 1:23:18 PM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.

 


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