As of the close on Thursday soybeans were over 40 cents off of Monday's highs even with good export sales. However, with favorable weather conditions the trade may now be starting to think that the USDA's current yield estimate may not be big enough. Where do soybeans go from here? (full story)
Bob Hunt - The Pattern Trapper - Thu Aug 25, 6:01PM CDT
The Trend Trader helps to identify the current trend status of your favorite futures markets. It not only helps us to stay on the right side of market direction, but also helps us avoid those without a trend. You can even use the grid as a spread matrix too - buying strength and selling weakness.... (full story)
Crude oil prices bounced amid renewed hope for an OPEC output freeze deal at next month’s informal meeting. Gold prices may fall on hawkish comments from Fed Chair Yellen.
Crude oil prices bounce as OPEC output deal hopes resurface
Gold prices mark time... (full story)
By locking in a price now for a commodity to be delivered at some point in the future, futures markets permit buyers to secure insurance against future adverse price changes. In other words, futures markets supply a means for the mitigation of price risks. Futures charts track futures prices over time, and supply historical data that buyers and sellers can use to project where futures prices will be in the coming days or months. Frequently updated futures charts are a very useful tool for identifying pricing trends within a certain commodity.