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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11/21/2014 Soy Beans has a buy signal

Posted on 11/21/2014 1:22:55 PM by: Larry Baer, Market Strategist @ Zaner. 312-277-0112.

Call me for trade

 

 


SHARPLY HIGHER FOR ROUGH RICE. BEANS AND MEAL LOOKING TOPPY.

Posted on 11/20/2014 7:20:31 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.

Sharply higher for rough rice while lower for oats, corn, soybeans, soybean meal, soybean oil,  Minneapolis, Kansas City and Chicago wheat. Minneapolis and KC are basically in a critical areas (long term downtrend still in tact) to hold but, frankly, are starting to look toppy. Both have settled lower for their  third straight sessions with the former in resistance while the latter's is above 600.  I want to see Minneapolis close over 600 and KC 610 to feel better about a continued retracement rally. The Minneapolis/KC spreads breaking out of a bottoming formation could be a sign of higher prices down the road but we'll see. While my sell signals remain in tact except for Chicago, I would still suggest standing aside for now. Chicago continues to look better technically at this time but also fell for their third session in a row. Oats made its lowest close since October 13th (Mar.) while a close below 324 could possibly give me a sell signal. Basically the oats still remain in a large trading range as seen below. Rice settled sharply higher and I confess to not knowing the reason why. This also cause a failed bear pennant. The was rice's best high and close in two weeks and I haven't been able to say that very often.  I said yesterday there's not much resistance nearby up to the 1260 area and not that's not so far away. Technically rice remains very bearish. Corn closed down for its fourth session in a row while still in an important support area to hold in my opinion albeit at the lower end. I still would like to see a close over 380 to confirm my buy signal and also hold the 360 area. The bean complex settled down also with the beans making their worst low and close in two weeks while the meal's lowest close also in two weeks. Oil just settled down. both the beans and meal are in patterns that could easily lead to tops. Of course, one shouldn't assume that when their intermediate trend are still look up.  Oil has been basically consolidating, except for a spike up recently, since the middle of August. The July15/Dec15 meal/oil spreads continue to look higher technically but are nowhere near its high from Oct. 30th. BUY SIGNALS FOR CHICAGO WHEAT, CORN, SOYBEANS AND SOYMEAL. SELL SIGNALS FOR MINNEAPOLIS AND KANSAS CITY WHEAT. CALL FOR DETAILS.  For additional charts, quotes, news, commentary & more sign-up for a FREE 30-day trial to Market head.Com.

 

 

 

 

 

  

 

 


SHARPLY HIGHER FOR ROUGH RICE. BEANS AND MEAL LOOKING TOPPY.

Posted on 11/20/2014 7:20:23 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.

Sharply higher for rough rice while lower for oats, corn, soybeans, soybean meal, soybean oil,  Minneapolis, Kansas City and Chicago wheat. Minneapolis and KC are basically in a critical areas (long term downtrend still in tact) to hold but, frankly, are starting to look toppy. Both have settled lower for their  third straight sessions with the former in resistance while the latter's is above 600.  I want to see Minneapolis close over 600 and KC 610 to feel better about a continued retracement rally. The Minneapolis/KC spreads breaking out of a bottoming formation could be a sign of higher prices down the road but we'll see. While my sell signals remain in tact except for Chicago, I would still suggest standing aside for now. Chicago continues to look better technically at this time but also fell for their third session in a row. Oats made its lowest close since October 13th (Mar.) while a close below 324 could possibly give me a sell signal. Basically the oats still remain in a large trading range as seen below. Rice settled sharply higher and I confess to not knowing the reason why. This also cause a failed bear pennant. The was rice's best high and close in two weeks and I haven't been able to say that very often.  I said yesterday there's not much resistance nearby up to the 1260 area and not that's not so far away. Technically rice remains very bearish. Corn closed down for its fourth session in a row while still in an important support area to hold in my opinion albeit at the lower end. I still would like to see a close over 380 to confirm my buy signal and also hold the 360 area. The bean complex settled down also with the beans making their worst low and close in two weeks while the meal's lowest close also in two weeks. Oil just settled down. both the beans and meal are in patterns that could easily lead to tops. Of course, one shouldn't assume that when their intermediate trend are still look up.  Oil has been basically consolidating, except for a spike up recently, since the middle of August. The July15/Dec15 meal/oil spreads continue to look higher technically but are nowhere near its high from Oct. 30th. BUY SIGNALS FOR CHICAGO WHEAT, CORN, SOYBEANS AND SOYMEAL. SELL SIGNALS FOR MINNEAPOLIS AND KANSAS CITY WHEAT. CALL FOR DETAILS.  For additional charts, quotes, news, commentary & more sign-up for a FREE 30-day trial to Market head.Com.

 

 

 

 

 

  

 

 


CRITICAL AREA FOR THE WHEAT COMPLEX.

Posted on 11/19/2014 7:52:52 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 for rough rice and soybean oil while lower for oats, corn, soybeans, soybean meal.  Minneapolis, Kansas City and Chicago wheat. the wheat complex is basically in a critical area (long term downtrend still in tact), but I want to see Minneapolis close over 600 and KC 610. The Minneapolis/KC spreads breaking out of a bottoming formation could be a sign of higher prices down the road but we'll see. While my sell signals remain in tact except for Chicago, I would still suggest standing aside for now. Oats made its lowest close since October 1st but I want to see a settlement below 332 before I consider giving a sell signal. Don't forget the oats still remain in a large trading range as seen below. Rice looks like it's in a BEAR PENNANT and very weak overall. On the other hand there's not much resistance nearby up to the 1260 area. Corn closed down for its third session in a row while now in an important support area in my opinion. I still would like to see a close over 380 to confirm my buy signal and also hold the 360 area. The beans and meal settled down stilling looking higher in the intermediate term but are in patterns that could easily lead to tops. Of course, one shouldn't assume that when the formations still look bullish. Oil did close higher and has been basically consolidating, except for a spike up recently, since the middle of August. The July15/Dec15 meal/oil spreads continue to look higher technically but are nowhere near its high from Oct. 30th. BUY SIGNALS FOR CHICAGO WHEAT, CORN, SOYBEANS AND SOYMEAL. SELL SIGNALS FOR MINNEAPOLIS AND KANSAS CITY WHEAT. CALL FOR DETAILS.  For additional charts, quotes, news, commentary & more sign-up for a FREE 30-day trial to Market head.Com.

 

 

 

 

 

  

 

 


11/13/2014 Corn has a buy signal

Posted on 11/17/2014 1:06:02 PM by: Larry Baer, Market Strategist @ Zaner. 312-277-0112.

Call me for trade

 

 


NO UPDATE TODAY

Posted on 11/17/2014 7:12:19 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 GRO

Higher for Minneapolis, Kansas City and Chicago wheat along with corn, soybeans, soybean meal and soybean oil while unchanged for oats and lower for rough rice. The monthly grain report was basically neutral but corn was slightly bullish. However, the action which started three weeks again, has been telling us that the grain complex may have seen its lows. Minneapolis and KC and Chicago settled higher with the former two still not looking bullish technically but Chicago should give me a buy signal with a close over 540. Then again, with the Minneapolis/KC spreads breaking out we could see the beginning of a stronger market for those two grains also. While my sell signals remain in tact I would still suggest standing aside for now. Oats settled unchanged but still remain in a large trading range as seen below and look like they're in a bear pennant.  Huge support remains underneath while its bias seems to be turning down. Rice made a new CONTRACT LOW CLOSE as they approached the day they briefly were down the dollar limit. Heavy resistance remains overhead. Corn has now given me a BUY SIGNAL but I would like to see a close over 380 to confirm it. I also have BUY SIGNALS for the beans and meal and prefer to stand aside in the oil while it's in a very strong looking support area. I REALIZE HOW BEARISH THE FUNDAMENTALS LOOK FOR THE GRAIN COMPLEX BUT THE ACTION HAS BEEN TELLING US OTHERWISE. I HAVE LEARNED OVER THE YEARS TO BE CAREFUL OF THE OBVIOUS ,MEANING THAT'S HOW MARKETS GET OVERBOUGHT OR OVERSOLD AS IN THIS CASE. IT'S VERY IMPORTANT TO BE CAREFUL OF THE OBVIOUS AND SEE HOW THE FUNDAMENTALS AFFECT THE TECHNICALS. The July15/Dec15 meal/oil spreads have also turned back up as seen below which can be taken, most of the time, as a bullish sign. Now, what I just said doesn't mean we can't or won't go back down so I would advise calling me and let me put you in touch with our hedge department to, hopefully, protect you no matter which way the market goes. Of course, there's no guarantees no matter what you do. BUY SIGNALS FOR CORN, SOYB EANS AND SOYMEAL. SELL SIGNALS FOR MINNEAPOLIS AND KANSAS CITY WHEAT. 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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