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.


07/18 , Corn and beans have a sell signal

Posted on 7/21/2014 12:43:42 PM by: Larry Baer, Market Strategist @ Zaner. 312-277-0112.

Call me for trade

 

 


JUST ANOTHER DOWN DAY FOR A BEARISH COMPLEX WITH GOOD WEATHER AND GOOD EXPORTS

Posted on 7/21/2014 7:52:03 AM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.

 

Higher for soybean oil while lower for soybeans, soybean meal, rough rice, corn, rough rice, Minneapolis, Kansas City and Chicago wheat. The shooting down of the Malaysian airliner was the major news topic for the grains on Thursday overshadowing decent export sales with the wheat complex being affected the most with the other grains, basically, temporarily following.  Minneapolis made its second worst close, KC a new CONTRACT LOW AND CLOSE while Chicago also had its second lowest close.The nearest resistance areas for all three begin around 695, 715 and 575 respectively. Truthfully, I expect the wheat complex to fall further than their present areas to the extent of Chicago wheat trading somewhere between four and five dollars. The December Minneapolis/ KC spreads equaled their best close if its move after breaking out to the upside on July 7th. However,I'm still waiting, hopefully, for a retracement back to at least a negative twenty to start putting on positions because if its risk after from its present level. CALL ME FOR DETAILS! Oats settled lower again following through from Thursday's reversal type action while still buoyed by a strong looking support area that goes from 335 down to the 324 area, Then again, a weekly chart shows them basically range bound between 320 and 350 since the middle of March. Rice (Sept.) continues to look very weak overall moving in an down in an orderly fashion since the beginning of May. Its nearest resistance is still above 1340 with little support below. New crop corn made a new CONTRACT LOW AND CLOSE having trouble making a test of the 400 area so far. Don't forget around 75% of corn goes into feed down from 85% before ethanol was thrust upon us and the cattle herds are at 50-60 year lows not to mention what the hog virus did to the hog population. Get set for an even bigger drop in the bean complex like in the wheat and corn since the latter part of 2012 but the oil did close higher in reversal type action after making a new CONTRACT LOW first. DID YOU KNOW THAT THE BEANS ARE SO THICK IN SOME PARTS OF THE UNITED STATES THAT, IN SOME AREAS, IT'S CHEARPER TO CROP DUST BY PLANE THAN BY TRACTOR BECAUSE OF THE NUMBER OF BEANS THAT WOULD BE CRUSHED! I don't see much support below for the beans and oil but the meal does have strong looking support from 360 down to 340. New crop oil needed to hold the 38 area but failed to do so last week. Meal/oil spreads turned back in May which was a tip off of what's been happening also. BUY SIGNAL FOR OATS. 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

 

  

 

 

  

 

 


JUST ANOTHER DOWN DAY FOR A BEARISH COMPLEX WITH GOOD WEATHER AND GOOD EXPORTS

Posted on 7/21/2014 7:51:57 AM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.

 

Higher for soybean oil while lower for soybeans, soybean meal, rough rice, corn, rough rice, Minneapolis, Kansas City and Chicago wheat. The shooting down of the Malaysian airliner was the major news topic for the grains on Thursday overshadowing decent export sales with the wheat complex being affected the most with the other grains, basically, temporarily following.  Minneapolis made its second worst close, KC a new CONTRACT LOW AND CLOSE while Chicago also had its second lowest close.The nearest resistance areas for all three begin around 695, 715 and 575 respectively. Truthfully, I expect the wheat complex to fall further than their present areas to the extent of Chicago wheat trading somewhere between four and five dollars. The December Minneapolis/ KC spreads equaled their best close if its move after breaking out to the upside on July 7th. However,I'm still waiting, hopefully, for a retracement back to at least a negative twenty to start putting on positions because if its risk after from its present level. CALL ME FOR DETAILS! Oats settled lower again following through from Thursday's reversal type action while still buoyed by a strong looking support area that goes from 335 down to the 324 area, Then again, a weekly chart shows them basically range bound between 320 and 350 since the middle of March. Rice (Sept.) continues to look very weak overall moving in an down in an orderly fashion since the beginning of May. Its nearest resistance is still above 1340 with little support below. New crop corn made a new CONTRACT LOW AND CLOSE having trouble making a test of the 400 area so far. Don't forget around 75% of corn goes into feed down from 85% before ethanol was thrust upon us and the cattle herds are at 50-60 year lows not to mention what the hog virus did to the hog population. Get set for an even bigger drop in the bean complex like in the wheat and corn since the latter part of 2012 but the oil did close higher in reversal type action after making a new CONTRACT LOW first. DID YOU KNOW THAT THE BEANS ARE SO THICK IN SOME PARTS OF THE UNITED STATES THAT, IN SOME AREAS, IT'S CHEARPER TO CROP DUST BY PLANE THAN BY TRACTOR BECAUSE OF THE NUMBER OF BEANS THAT WOULD BE CRUSHED! I don't see much support below for the beans and oil but the meal does have strong looking support from 360 down to 340. New crop oil needed to hold the 38 area but failed to do so last week. Meal/oil spreads turned back in May which was a tip off of what's been happening also. BUY SIGNAL FOR OATS. 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

 

  

 

 

  

 

 


OPTONS PLAY: WILL BEANS PUSH THROUGH RESISTANCE?

Posted on 7/19/2014 8:20:43 AM by: Matt McKinney, Market Strategist @ Zaner. 312-277-0115.

Direct-312-277-0115, http://www.mmckinneyfutures.com/

TRADING COMMODITY FUTURES AND OPTIONS INVOLVES SUBSTANTIAL RISK OF LOSS AND MAY NOT BE SUITABLE FOR ALL INVESTORS. YOU SHOULD CAREFULLY CONSIDER WHETHER TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR CIRCUMSTANCES, KNOWLEDGE AND FINANCIAL RESOURCES.

 

 

OPTONS PLAY: WILL BEANS PUSH THROUGH RESISTANCE?

HOW LONG CAN THE FIRST AREA OF RESISTANCE ON THE BEAN CHART HOLD?

 

 

Fundamentally even the grains bounced around yesterday on the news of the Malaysian flight shot down over the war torn area near Ukraine/Russia. The September soybeans which I am following closely had about a 29 cent/bushel trading range. They ended the day down about 3 cents, after rallying up over 25 cents/bushel right on the news.

 

Technically, I have added my favorite technical indicators to this chart below. They are the 9 (red line), 20 (green line), and the 50 (blue line) day Simple Moving Averages or SMA's. I have also added Bollinger Bands or BB's (the light blue shaded area) and Candlesticks (the red and green bars with the wicks, on this daily chart each bar represents a day of trading). These few technical indicators tell me 8-10 different characteristics about the market at a quick glance so I have them saved on my charts in MARKETHEAD, so they can populate a chart at the click of a mouse.

My favorite technical indicators show me that soybeans are still in a "SUPER-TREND" down. This happens when the 9 day SMA (red line) crosses down and under the 20 day SMA (green line) as both indicators point lower while the market trades below the 9 day SMA. We have that now, but the market continues to bump up against the 9 day SMA and even traded above it yesterday. However we closed below it and we are below now as you see on the chart below.

 

DAILY SOYBEAN CHART

 

OPTION PLAY:

For exact details on strategies, months, expiration dates, strike prices, and number of positions feel free to contact me at 312-277-0115 or mmckinney@zaner.com .

It is also important to note that I am not married to a market, but to trends. So I make recommendations with options on futures and commodities like the energies, metals, currencies, softs, financials, and more.

 

FREE QUOTE- "If you wait to do everything until you're sure it's right, you'll probably never do much of anything ." -Win Borden 

 

 

 

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.

FOR CUSTOMERS TRADING OPTIONS, THESE FUTURES CHARTS ARE PRESENTED FOR INFORMATIONAL PURPOSES ONLY. THEY ARE INTENDED TO SHOW HOW INVESTING IN OPTIONS CAN DEPEND ON THE UNDERDLYING FUTURES PRICES; SPECIFICALLY, WHETHER OR NOT AN OPTION PURCHASER IS BUYING AN IN-THE-MONEY, AT-THE-MONEY, OR OUT-OF-THE MONEY OPTION. FURTHERMORE, THE PURCHASER WILL BE ABLE TO DETERMINE WHETHER OR NOT TO EXERCISE HIS RIGHT ON AN OPTION DEPENDING ON HOW THE OPTION'S STICKE PRICE COMPARES TO THE UNDERLYING FUTURE'S PRICE. THE FUTURES CHARTS ARE NOT INTENDED TO IMPLY THAT OPTION PRICES MOVE IN TANDEM WITH FUTURES PRICES. IN FACT OPTIONS PRICES MAY ONLY MOVE A LITTLE.

THE LIMITED RISK CHARACTERISTIC OF OPTIONS REFERS TO LONG OPTIONS ONLY AND REFERS TO THE AMOUNT OF THE LOSS, WHICH IS DEFINED AS THE PREMIUM PAID ON THE OPTION(S) PLUS FEES.

 


 

 


DOWNING OF THE MALAYSIAN AIRLINER OVERSHADOWED GOOD EXPORT FOR WHEAT AND SOYBEANS!

Posted on 7/18/2014 7:36:12 AM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.

 

Higher for soybeans, soybean meal, rough rice, corn. Minneapolis, Kansas City and Chicago wheat while lower for oats and soybean oil. The shooting down of the Malaysian airliner was the major news topic for the grains overshadowing decent wheat and soybean export sales. The wheat complex was affected the most with the other grains, basically, temporarily following.  Minneapolis and KC had their worst lows since February before joining Chicago wheat to make their best closes in 5-6 trading sessions but changing nothing technically. Chicago rallied over thirty cents off its lows to settle around ten cents from its highs when the news came out. The nearest resistance areas for all three begin around 695, 715 and 575 respectively. Truthfully, I expect the wheat complex to fall further than their present areas to the extent of Chicago wheat trading somewhere between four and five dollars. The December Minneapolis/ KC spreads (down 6 out of its last sessions) broke out to the upside on July 7th and have been retracing lower since July 7th. However,I'm still waiting, hopefully, for a retracement back to at least a negative twenty to start putting on positions.CALL ME FOR DETAILS! Oats settled lower after making their best high in six sessions following the wheat higher early after the news broke. Also, oats have retraced sharply lower since July 3rd while still buoyed by a strong looking support area that goes from 335 down to the 324 area, Then again, a weekly chart shows them basically range bound between 320 and 350 since the middle of March. Rice (Sept.) continues to look very weak overall even after closing thirty cents higher. Its nearest resistance is still above 1340 and has little support below. New crop corn spiked up 14 cents off its lows when the news came out but settled only slightly higher eight cents off its high. I do  expect at least one test of the all important 400 area but that to eventually fail and continue down. Don't forget around 75% of corn goes into feed down from 85% before ethanol was thrust upon us and the cattle herds are at 50-60 year lows not to mention what the hog virus did to the hog population. Get set for an even bigger drop in the bean complex like in the wheat and corn before since the latter part of 2012 when all is said and done. Both have been looking toppy for some time and the last grain reports confirmed what I have been saying all along. The beans rallied 33 cents off their lows before settling eight cents down. The same can be said for the meal.  DID YOU KNOW THAT THE BEANS ARE SO THICK IN SOME PARTS OF THE UNITED STATES THAT, IN SOME AREAS, IT'S CHEARPER TO CROP DUST BY PLANE THAN BY TRACTOR BECAUSE OF THE NUMBER OF BEANS THAT WOULD BE CRUSHED! I don't see much support below for the beans and oil (NEW CONTRACT LOW AND CLOSE) but the meal does have strong looking support from 360 down to 340. New crop oil needed to hold the 38 area but failed to do so last week. Meal/oil spreads turned back in May which was a tip off of what's been happening also. BUY SIGNAL FOR OATS. 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

 

 

  

 

  

  


DOWNING OF THE MALAYSIAN AIRLINER OVERSHADOWED GOOD EXPORT FOR WHEAT AND SOYBEANS!

Posted on 7/18/2014 7:30:43 AM by: Rick Alexander, VP, Trading @ Zaner. 312-277-0107.

 

Higher for soybeans, soybean meal, rough rice, corn. Minneapolis, Kansas City and Chicago wheat while lower for oats and soybean oil. The shooting down of the Malaysian airliner was the major news topic for the grains overshadowing decent wheat and soybean export sales. The wheat complex was affected the most with the other grains, basically, temporarily following.  Minneapolis and KC had their worst lows since February before joining Chicago wheat to make their best closes in 5-6 trading sessions but changing nothing technically. Chicago rallied over thirty cents off its lows to settle around ten cents from its highs when the news came out. The nearest resistance areas for all three begin around 695, 715 and 575 respectively. Truthfully, I expect the wheat complex to fall further than their present areas to the extent of Chicago wheat trading somewhere between four and five dollars. The December Minneapolis/ KC spreads (down 6 out of its last sessions) broke out to the upside on July 7th and have been retracing lower since July 7th. However,I'm still waiting, hopefully, for a retracement back to at least a negative twenty to start putting on positions.CALL ME FOR DETAILS! Oats settled lower after making their best high in six sessions following the wheat higher early after the news broke. Also, oats have retraced sharply lower since July 3rd while still buoyed by a strong looking support area that goes from 335 down to the 324 area, Then again, a weekly chart shows them basically range bound between 320 and 350 since the middle of March. Rice (Sept.) continues to look very weak overall even after closing thirty cents higher. Its nearest resistance is still above 1340 and has little support below. New crop corn spiked up 14 cents off its lows when the news came out but settled only slightly higher eight cents off its high. I do  expect at least one test of the all important 400 area but that to eventually fail and continue down. Don't forget around 75% of corn goes into feed down from 85% before ethanol was thrust upon us and the cattle herds are at 50-60 year lows not to mention what the hog virus did to the hog population. Get set for an even bigger drop in the bean complex like in the wheat and corn before since the latter part of 2012 when all is said and done. Both have been looking toppy for some time and the last grain reports confirmed what I have been saying all along. The beans rallied 33 cents off their lows before settling eight cents down. The same can be said for the meal.  DID YOU KNOW THAT THE BEANS ARE SO THICK IN SOME PARTS OF THE UNITED STATES THAT, IN SOME AREAS, IT'S CHEARPER TO CROP DUST BY PLANE THAN BY TRACTOR BECAUSE OF THE NUMBER OF BEANS THAT WOULD BE CRUSHED! I don't see much support below for the beans and oil (NEW CONTRACT LOW AND CLOSE) but the meal does have strong looking support from 360 down to 340. New crop oil needed to hold the 38 area but failed to do so last week. Meal/oil spreads turned back in May which was a tip off of what's been happening also. BUY SIGNAL FOR OATS. 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

 

 

  

 

  

  


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