The Commodity Research Bureau's TrendTrader is Long Corn, Oats and Short Beans, Meal, Oil, Wheat and Rice.
Day traders work for the markets - Trend Traders let the markets work for them, the Trend is your friend!
Grains
Grain prices this morning are stronger. Dec corn this morning is up +6-1/2 cents, Nov soybeans are up +8-1/4 cents, and Dec wheat is up +7 cents. The grain markets yesterday finished mixed. Dec corn closed up +8 cents, Dec wheat finished up +1-1/2 cents, and Nov soybeans closed unchanged. Dec corn fell to a 1-week low before moving up to a 2-month high and closing higher, Dec wheat matched its contract low before ending higher and Nov soybeans sank to a 6-month low before ending unchanged. Bullish factors yesterday included (1) the weaker dollar which makes US grains less expensive to foreign buyers and may boost the prospects for increased US grain exports, (2) speculation that cold, wet weather in the US Midwest will slow harvesting of corn and soybean crops, restricting supplies for makers of food, animal feed and biofuel, and (3) strength in wheat prices on concern that US farmers may plant fewer acres of winter wheat because the corn and soybean harvests this year m ay last longer than usual, which may prompt some farmers who would normally sow wheat where corn or soybeans had stood to leave the fields fallow. Bearish factors included (1) the slump in gasoline which is negative for ethanol prices and corn demand, (2) slack foreign demand for US wheat after US wheat inspected for export for the week ending Oct 1 was down -25.5% from the previous week, and (3) the prediction from AgriVisor LLC that the USDA will forecast record harvests of US corn and soybean crops for this year when it updates its projections for this year's crops on Oct 9.
U.S. Commodity Calendar
Tuesday, Oct 6
1130 ET US American Iron and Steel Institute's steel production report for period ended Oct 2
1200 ET USDA weekly weather-crop summary for period ended Oct 4
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CALL Jay: 312 506 8709
About CRB
The Commodity Research Bureau has been leading the world in commodities research and analysis since 1934. Based in Chicago, Illinois, the firm has been the innovator of the CRB Indices, as well as the publisher of the CRB Yearbook, Encyclopedia, CRB Price Charts, TrendTrader and Futures Market Service newsletters.
About CRB TrendTrader
In 1963, the Commodity Research Bureau developed a computerized trading system for the purpose of removing the emotional human element from market forecasting. Since then, countless trading programs, timing theories, and techniques have been designed and popularized by an even wider universe of individuals and companies for the purpose of "beating" the futures market. Yet, today, CRB's TrendTrader remains one of the oldest and most respected technical daily market letters.
TrendTrader system analyzes four different technical studies to categorize markets as trending up, sideways, or down. These four studies are a combination of moving average, price volatility, market momentum, and various time cycles. Support and resistance levels are recalculated daily and serve as "stops" when the market is in a trend phase and mark the breakout levels for new up or down trends when markets are in a sideways mode.
The system is for medium to long-term trading and is designed to maintain positions throughout minor and medium-term corrections. TrendTrader tracks over 90 markets, including foreign exchange (FX), stock indices, exchange traded funds (ETF), interest rates, metals, energies, grains, meats and foods & fibers.
CLICK HERE: Special Offer: $99 13 Week Subscription.
CALL Jay: 312 506 8709
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