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 11/15/2018 3:42:16 PM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.

 


Posted on 11/15/2018 3:41:56 PM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.

 


Posted on 11/14/2018 2:18:22 PM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.

 


G 20 SUMMIT AT END OF MONTH. HARVEST BEHIND SCHEDULE BUT CORN 97% & SOYBEANS 91% COMPLETED.

Posted on 11/14/2018 6:30:06 AM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.

RANGE 'BOUND FOR GLORY' IS WHAT WOODY GUTHRIE MIGHT HAVE SAID!


Higher closes for rough rice while lower for oats, corn, Minneapolis, Kansas City and Chicago wheat along with soybeans, soybean meal and soybean oil. Not much to say again with continued slow exports along with the harvest behind schedule but going along fairly smoothly. The big news will be the upcoming G 20 summit at the end of the month which all eyes around the world will be on. STILL, LET'S MAKE A SIMPLE AND WHAT I FEEL SHOULD BE A RATHER EASY OBSERVATION FOR THE SPECULATORS. MOST OF THE GRAINS HAVE BEEN IN DEFINED TRADING RANGES FOR MONTHS. PLAY THOSE RANGES UNTIL YOU SEE BREAKOUTS. YOU DON'T NEED TO GET COMPLICATED DOING THIS. CONCERNING HEDGING THAT CAN BE A DIFFERENT STORY SINCE INDIVIDUAL OPERATING COSTS VARY. For Minneapolis continue to use 560 - 600, KC 485 - 540 and Chicago 485 - 530. KC and Chicago are also in resistance areas at this time. I don't want to add filler to my reports when there hasn't been much to report lately but the G 20 summit should be the main focus for now. Minneapolis has dropped slightly since my last report, KC continues to hold the all important 480 area even after its worst low since last December while Chicago had a wild Monday after an analyst reported a lower production estimate for Aussie's wheat crop. Oats remain bullish consolidating since the beginning of October. Rough rice has been trading between 1050 - 1130 over the last couple of months. You can also use 100.0 for the lower end since that's the low from the beginning of the contract. Rice's overall trend does, however, remain down. Although corn exports continue to slow down and no matter what the fundamental news has been, it still is in the same trading range since June . Don't make complicated judgments on this grain. Just trade it accordingly. Soybeans have been consolidating over the last couple of weeks in a dollar range (850 - 950) since June. Beans have been trending slightly higher since September, Meanwhile, meal has had a range of only 300 -330 since late August but the 300 area is looming more important. Stick to the range until a breakout in either direction occurs. Oil didn't hold a strong support area drifting to its worst low and close since September 21st. is back in a support area with 2700 to 3000 its trading range since June in an obvious downtrend overall.  BUY SIGNALS FOR OATS AND CORN. SELL SIGNALS FOR KANSAS CITY AND CHICAGO WHEAT ALONG WITH SOYBEAN OIL. For additional charts, quotes, news, commentary & more, sign up for a FREE 30 day trial to markethead.com.




Posted on 11/13/2018 1:20:49 PM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.

 


Posted on 11/12/2018 2:21:18 PM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.

 


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