• Free Book
  • Store
    • Books
    • Free First Chapters
    • Free Newsletters
  • Recent Articles

TradingMarkets.com

Quantified Stock Market Trading Strategies & Systems

  • Home
  • New Trading Research
  • Education
    • Articles
      • Connors Research
      • ETFs
      • Options
      • Stocks
      • Volatility
    • Trading Lessons
    • Connors Research
    • Glossary
    • Interview Archive
    • Videos
  • Python
  • Quantamentals
    • Quantamentals: The Next Great Forefront of Trading and Investing
    • Quantamentals Resources
  • Courses
  • Store
    • New Book! The Alpha Formula
    • “Buy The Fear, Sell The Greed” – Best Seller!
    • Swing Trading College 2019
    • Trading Books and Guidebooks
    • Street Smarts
    • Online Trading Courses
    • Private Mentoring with Larry Connors
    • Customized Trading Research
    • Amibroker Strategy Add On Modules
You are here: Home / eminis / Commentary / What’s Up, What’s Down: Grain Market Review

What’s Up, What’s Down: Grain Market Review

October 8, 2010 by Rick Alexander

Comments for Friday, October 8, 2010

Looking Ahead to Today by Reflecting Back at Thursday’s Price Action

Futures and options trading is speculative in nature and involves substantial risk of loss.  Futures and options trading is not suitable for all investors.

GRAINS:

Higher closes yesterday for rough rice, corn, soybeans, soymeal, soyoil, and Minneapolis, Kansas City and Chicago wheat while lower for the oats but no changes technically again ahead of the crop and supply/demand reports. The yields will be very important. The wheat complex still looks lower while rice, corn, oats and the bean complex continue to look higher overall. Corn has major support in the December contract from 450 down to at least 400 which should continue to keep the corn from dropping(if it does) too far going into next year’s planting season while decent resistance over 500. Of course, China continues to be the long-term key since the crop should be very large even with a drop in yields in various states. Oats made its best high in over two weeks before settling lower while rice had its best high and close since April 16th.The bean complex continues also to look higher overall. BUY SIGNALS FOR OATS, ROUGH RICE, SOYBEANS, SOYMEAL AND SOYOIL. SELL SIGNALS FOR MINNEAPOLIS, KANSAS CITY AND CHICAGO WHEAT. CALL FOR DETAILS.

Wheat Chart

Corn Chart

Soybeans Chart

Is open-outcry going away? Do you know exactly how much futures trading is executed on electronic platforms like Globex? Download my Trading Volume report at http://www.zaner.com/3.0/ralexVolume.asp

Rick Alexander has been a broker and analyst in the futures business for over thirty years. He is a Vice-President for Sales and Trading at the Zaner Group (www.zaner.com) a Chicago-based futures brokerage firm. Email Rick at ralexander@zaner.com.

The information in this Report and the opinions expressed are subject to change without notice. Neither the information nor any opinion expressed constitutes a solicitation by Rick Alexander or the Zaner Group of the purchase or sale of any futures or options. Futures and options trading is speculative in nature and involves risks. Spread trading is not necessarily less risky than outright positions. Futures and options trading is not suitable for all investors.

With 81% winning ETF trades in the model portfolio from October 2008 through August 2010 – you too can realize this level of success with Larry Connors’ Daily Battle Plan.

Filed Under: Commentary, Recent Tagged With: commodities, commodity trading news, eminis and futures, futures and commodities, futures and options, grains, market analysis, market direction, stock market prices

Buy The Fear, Sell The Greed

Buy The Fear, Sell The Greed

Swing Trading College

New Book From Larry Connors and Chris Cain, CMT – "The Alpha Formula; High Powered Strategies to Beat The Market With Less Risk"

We’re excited to announce the release of a new investment book written by Larry Connors and Chris Cain, CMT. The book, “The Alpha Formula; High Powered Strategies to Beat The Market With Less Risk “ combines… Hedge fund legend Ray Dalio’s brilliant insight into combining uncorrelated strategies… With new, minimally correlated, quantified, systematic strategies to trade… [Read More]

Buy The Alpha Formula Now

Connors Research Traders Journal (Volume 57): 7 Real-World Reasons Why Short Strategies Should Be Included In Your Portfolio

In our new book, The Alpha Formula – High Powered Strategies to Beat the Market with Less Risk, we show the benefits of including short-strategies in your portfolio. As a reminder, building portfolios should be based on First Principles – otherwise known as truths. These truths are: Markets Go Up Market Go Down Markets Go… [Read More]

Company Info

The Connors Group, Inc.
185 Hudson St., Suite 2500
Jersey City, NJ 07311
www.cg3.com

About Us

About
Careers
Contact Us
Link To Us

Company Resources

Help
Privacy Policy
Return Policy
Terms & Conditions

Properties

TradingMarkets
Connors Research

Connect with TradingMarkets

Contact

info@cg3.com
973-494-7311 ext. 628

Free Book

Short Term Trading Strategies That Work

© Copyright 2020 The Connors Group, Inc.

Copyright © 2023 · News Pro Theme on Genesis Framework · WordPress · Log in