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.

This blog is brought to you by Zaner Group, one of America's oldest family-owned and operated futures and forex brokers.  Zaner provides a wide range of services from research and recommendations to the execution of all your futures needs.

We invite you to join the thousands of other Zaner clients that have enjoyed our services.  Click here to learn how to open an account with Zaner.

If you're a member of the agricultural supply chain or follow the grains markets you may want to take advantage of Zaner's FREE Daily Ag. Hedge Newsletter.

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.


ONLY POTENTIAL FREEZE SCARES SEEMS TO BE LEFT FOR THE BULLS TO HOLD ON TO.

Posted on 9/16/2014 7:32:51 AM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.

WE HAVE A VERY GOOD HEDGING DEPARTMENT HEADED BY TED SEIFRIED. WHY NOT TALK TO HIM OR ANY OF OUR OTHER HEDGING BROKERS. NO ONE WILL PRESSURE YOU AND WHAT HAVE YOU GOT TO LOSE? I'VE BEEN A LICENSED FUTURES BROKER FOR 41 YEARS AND TRUST NO ONE MORE THAN TED AND HIS GROUP

 

Higher closes for oats, corn, soybeans and soybean oil while lower for rough rice, soybean oil, Minneapolis, Kansas City and Chicago wheat. Minneapolis, KC and Chicago made new CONTRACT LOWS and CLOSES dropping five to six sessions in a row with little resistance nearby as seen below. The Minneapolis/KC spreads have been falling back again keeping me very disappointed at its action so far. Oats settled higher continuing to look bullish since the latter part of July. You can see below that the oats have been moving higher in an orderly fashion. Rice settled down but has retraced back into its nearest resistance area over the last several days. I need to see a close over 1300 before I look at a possible turnaround. Corn also closed up continues to look very bearish overall with strong looking resistance from 360 up to around 375. However, my next objective is the 320's. Continued trading below 350 has not been a good sign but I am looking for a test of this area again. Hedging concerns depends on each individual farmer's situation and that's where our hedging department would come into play. PLEASE GIVE ME A CALL AND I WILL HAVE YOU TALK TO ONE OF OUR HEDGE BROKERS. Since everybody knows the government is looking at record crops and yields and corn storage is at a high, the only hope for the remaining bulls in the near term is a freeze scare in my opinion. Our hedge department says many farmers have been holding on to corn from the previous year leaving little room for storage whereby farmers would be forced to sell a large part of their crops right away. The beans and oil settled higher and the meal lower (worst low since Aug. 6th 2012) also looking for record crops and yields. SELL SIGNALS FOR MINNEAPOLIS, KANSAS CITY AND CHICAGO WHEAT ALONG WITH CORN, ROUGH RICE SOYBEANS, SOYBEAN MEAL AND SOYBEAN OIL. CALL FOR DETAILS.  For additional charts, quotes, news, commentary & more sign-up for a FREE 30-day trial to Market head.Com

  

 

 

 

 

 


ONLY POTENTIAL FREEZE SCARES SEEMS TO BE LEFT FOR THE BULLS TO HOLD ON TO.

Posted on 9/16/2014 7:32:44 AM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.

WE HAVE A VERY GOOD HEDGING DEPARTMENT HEADED BY TED SEIFRIED. WHY NOT TALK TO HIM OR ANY OF OUR OTHER HEDGING BROKERS. NO ONE WILL PRESSURE YOU AND WHAT HAVE YOU GOT TO LOSE? I'VE BEEN A LICENSED FUTURES BROKER FOR 41 YEARS AND TRUST NO ONE MORE THAN TED AND HIS GROUP

 

Higher closes for oats, corn, soybeans and soybean oil while lower for rough rice, soybean oil, Minneapolis, Kansas City and Chicago wheat. Minneapolis, KC and Chicago made new CONTRACT LOWS and CLOSES dropping five to six sessions in a row with little resistance nearby as seen below. The Minneapolis/KC spreads have been falling back again keeping me very disappointed at its action so far. Oats settled higher continuing to look bullish since the latter part of July. You can see below that the oats have been moving higher in an orderly fashion. Rice settled down but has retraced back into its nearest resistance area over the last several days. I need to see a close over 1300 before I look at a possible turnaround. Corn also closed up continues to look very bearish overall with strong looking resistance from 360 up to around 375. However, my next objective is the 320's. Continued trading below 350 has not been a good sign but I am looking for a test of this area again. Hedging concerns depends on each individual farmer's situation and that's where our hedging department would come into play. PLEASE GIVE ME A CALL AND I WILL HAVE YOU TALK TO ONE OF OUR HEDGE BROKERS. Since everybody knows the government is looking at record crops and yields and corn storage is at a high, the only hope for the remaining bulls in the near term is a freeze scare in my opinion. Our hedge department says many farmers have been holding on to corn from the previous year leaving little room for storage whereby farmers would be forced to sell a large part of their crops right away. The beans and oil settled higher and the meal lower (worst low since Aug. 6th 2012) also looking for record crops and yields. SELL SIGNALS FOR MINNEAPOLIS, KANSAS CITY AND CHICAGO WHEAT ALONG WITH CORN, ROUGH RICE SOYBEANS, SOYBEAN MEAL AND SOYBEAN OIL. CALL FOR DETAILS.  For additional charts, quotes, news, commentary & more sign-up for a FREE 30-day trial to Market head.Com

  

 

 

 

 

 


09/11 Corn and Beans have sell signals

Posted on 9/15/2014 1:18:06 PM by: Larry Baer, Market Strategist @ Zaner. 312-277-0112.

Call me for trade

 

 


NO UPDATE TODAY

Posted on 9/15/2014 7:30:27 AM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.

WE HAVE A VERY GOOD HEDGING DEPARTMENT HEADED BY TED SEIFRIED. WHY NOT TALK TO HIM OR ANY OF OUR OTHER HEDGING BROKERS. NO ONE WILL PRESSURE YOU AND WHAT HAVE YOU GOT TO LOSE? I'VE BEEN A LICENSED FUTURES BROKER FOR 41 YEARS AND TRUST NO ONE MORE THAN TED AND HIS GROUP

 

Higher closes for oats, corn, soybeans and soybean oil while lower for rough rice, soybean oil, Minneapolis, Kansas City and Chicago wheat. Minneapolis, KC and Chicago made a new CONTRACT LOWS and CLOSE,S which pretty much tells the story until we see changes technically and/or fundamentally that could make us think otherwise. There really aren't any secrets out there and good resistance remains overhead for all three. The Minneapolis/KC spreads have rallied slighjtly over the last couple of trading sessions  but I've been very disappointed at its action so far. Oats settled higher making its best close since Aug. 27th. They say oats leads the way because about of one third of the traders are supposedly commercials but that doesn't seem to be working so far. Rice continues to fall in the November contract making a new CONTRACT LOW AND CLOSE the last tow sessions. Enough said!  Corn closed slightly higher in a very bearish market but falling at a somewhat slower rate ahead of the crop report. Trading below 350 has not been a good sign meaning the 320's continue to look like its next objective. We had a rally up near 360 Monday which was projected and has fallen back since then with heavy resistance overhead. Hedging concerns depends on each individual farmer's situation and that's where our hedging department would come into play. Since everybody knows the government is looking at record crops and yields and corn storage is at a high, the only hope for the remaining bulls is a freeze scare in my opinion. Our hedge department says many farmers have been holding on to corn from the previous year leaving little room for storage whereby farmers would be forced to sell a large part of their crops right away. The bean complex(record crops forecast) also continues to look weak with the beans making a new CONTRACT LOW before settling higher in reversal type action, meal its lowest close since Aug. 20th, 2012 and oil and a new CONTRACT LOW before settling higher also in reversal type action. Finally, the meal and meal/oispreads made their worst close since the first week in February. SELL SIGNALS FOR MINEAPOLIS, KANSAS CITY AND CHICAGO WHEAT ALONG WITH CORN, ROUGH RICE SOYBEANS, SOYBEAN MEAL AND SOYBEAN OIL. CALL FOR DETAILS.  For additional charts, quotes, news, commentary & more sign-up for a FREE 30-day trial to Market head.Com

 

 

 

 

 

  

  

 


CONTINUATION OF A VERY BEARISH LOOKING COMPLEX EXCLUDING THE OATS.

Posted on 9/9/2014 7:29:13 AM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.

WE HAVE A VERY GOOD HEDGING DEPARTMENT HEADED BY TED SEIFRIED. WHY NOT TALK TO HIM OR ANY OF OUR OTHER HEDGING BROKERS. NO ONE WILL PRESSURE YOU AND WHAT HAVE YOU GOT TO LOSE? I'VE BEEN A LICENSED FUTURES BROKER FOR 41 YEARS AND TRUST NO ONE MORE THAN TED AND HIS GROUP

 

Higher closes for Kansas City wheat and oats while lower for corn soybeans, soybean meal, soybean oil, Minneapolis, and Chicago wheat. Minneapolis made a new CONTRACT LOW CLOSE, KC settled higher for its third session in row while Chicago closed down. All three continue in downtrends overall as evidenced by the charts below and there still seems to be no bottoms in sight as of this time. The Minneapolis/KC spreads have come back down to the point where its not a good spread to due although it is in a solid support area. I've been very disappointed at its action so far. Oats settled higher for their third session in a row continuing to look higher at this time while in an orderly uptrend since July. Strong looking support starts around 340. Rice continues to fall in the November contract making a new CONTRACT LOW CLOSE and has a DOUBLE BOTTOM at 1243.  I still wouldn't begin to get excited unless I now see a close over 1300 while preferably over 1340 at this time. Corn trading below 350 has not been a good sign meaning the 320's look to be its next objective. We had a rally up near 360 which was projected and has fallen back with heavy resistance overhead. Hedging concerns depends on each individual farmer's situation and that's where our hedging department would come into play. Since everybody knows the government is looking at record crops and yields and corn storage is at a high, the only hope for the remaining bulls is a freeze scare in my opinion. Our hedge department says many farmers have been holding on to corn from the previous year leaving little room for storage whereby farmers would be forced to sell a large part of their crops right away. The bean complex(record crops forecast) also continues to look weak . The meal and meal/oil spreads have given the bulls hope by consolidating over the last few months exploding to its best high and close slnce the beginning of July last week before falling back into the lower end of its trading range since July. Also, the Nov. bean gap at 1132 1/2 looks very unlikely to get filled now,hat history says will most likely, but not always, be filled sooner or later has kept some traders nervous but the longer that gap remains the less likely they'll worry about it. I don't see much support below for the bean complex and meal still not  closing below 340 since Jan. 10th I find amazing! In the end I still see the bean complex moving down while wheat and corn will keep slowing their pace down from now on although that doesn't seem to be happening yet. SELL SIGNALS FOR MINEAPOLIS, KANSAS CITY AND CHICAGO WHEAT ALONG WITH CORN, ROUGH RICE SOYBEANS, SOYBEAN MEAL AND SOYBEAN OIL. CALL FOR DETAILS.  For additional charts, quotes, news, commentary & more sign-up for a FREE 30-day trial to Market head.Com

 

 

  

  

 

  

 

 


NO UPDATE TODAY

Posted on 9/8/2014 7:05:16 AM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.

WE HAVE A VERY GOOD HEDGING DEPARTMENT HEADED BY TED SEIFRIED. WHY NOT TALK TO HIM OR ANY OF OUR OTHER HEDGING BROKERS. NO ONE WILL PRESSURE YOU AND WHAT HAVE YOU GOT TO LOSE? I'VE BEEN A LICENSED FUTURES BROKER FOR 41 YEARS AND TRUST NO ONE MORE THAN TED AND HIS GROUP

 

Higher closes for oats, soybeans and soybean meal while lower for rough rice, soybean oil, Minneapolis, Kansas City and Chicago wheat. There's not been much in the way of changes for the grain complex as seen on the charts below. We've seen the continued slowdown of the wheat complex  as its gone into a consolidation mode with Minneapolis and KC still trending lower overall while Chicago hasn't made a new low since July 29th. Even the Minneapolis/KC spreads have been chopping around in a range between -3 and -17 since early July. With wheat's harvest there's not much more bearish news to affect at this complex except for demand and exports. I would continue to be careful, especially for Chicago wheat of initiating any new short positions unless for necessary hedging purposes. I just don't feel the action is worth the risk like in other markets at this time. Oats settled higher continuing to look higher at this time. I would look to go long somewhere under 340 where the bulk of good support resides and you had your chances last week when I originally mentioned this. Rice continues to fall in the November contract making a new CONTRACT LOW AND CLOSE.  I wouldn't begin to get excited unless I now see a close over 1300 while preferably over 1340 at this time. Corn settled down but still consolidating since July now matter what the news (mostly bearish) has been. In other words unless I, at least, see a new contract low and close, I wouldn't be inclined to add short positions now. Hedging concerns is a different story depending on each individual farmer's situation. That's where our hedging department would come into play. Since everybody knows the government is looking at record crops and yields, corn's action tells me it could be still oversold at the moment and should not be sold unless we see a close under at 360. Our hedge department says many farmers have been holding on to corn from the previous year leaving little room for storage whereby farmers would be forced to sell a large part of their crops right away. The beans (record crops forcast) and meal settled higher while oil made a new CONTRACT LOW AND CLOSE. The meal and meal/oil spreads have given the bulls hope by consolidating over the last couple of months before exploding to its best high and close slnce the beginning of July . The Nov. bean gap at 1132 1/2 that history says will most likely, but not always, be filled sooner or later has kept some traders nervous but the longer that gap remains the less likely they'll worry about it. I don't see much support below for the beans and oil but the Dec. meal does have strong looking support from 360 down to 340 (briefly penetrated before).  In the end I still see the bean complex moving down while wheat and corn will keep slowing their pace down from now on. SELL SIGNALS FOR MINEAPOLIS, KANSAS CITY AND CHICAGO WHEAT ALONG WITH CORN, ROUGH RICE SOYBEANS, SOYBEAN MEAL AND SOYBEAN OIL. CALL FOR DETAILS.  For additional charts, quotes, news, commentary & more sign-up for a FREE 30-day trial to Market head.Com

 

 

 

 

 

 

 

 

 

 

 


Older posts

Recent Posts

Other Markets

Grain Futures Update

Digg!