- [ICYMI] MDA SnapShot - British Pound Buy, 1/17/18
The post [ICYMI] MDA SnapShot British Pound Buy, 1/17/18 appeared first on Daniels Trading. March British Pound 60 Minute Breakdown of Todays Update...
- [New Alert] MDA SnapShot - 60/240 Min Gold Sell Zone, 1/17/18
The post [New Alert] MDA SnapShot 60/240 Min Gold Sell Zone, 1/17/18 appeared first on Daniels Trading. February Gold 60/240 Minute Sell Zone Breakdown...
- Morning Grain Market Research
It seems that we have seen this happen so many times over the past four to five years that we have grown somewhat callous to it, but it would appear that...
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Soybean futures are mostly 1 to 1 1/2 cents in the red on Wednesday. Traders are taking some of their profit off the table after 18 cent gains since Friday’s USDA reports. Meal futures are up 40 cents/ton, with nearby soy oil 30 points lower. The USDA reported a private export sale of 130,000 MT of soybeans for 18/19 delivery to Unknown Destinations through their daily reporting system. Prevent plant acres in the FSA’s final report were at 435,430 acres for the 2017 soybean crop. That was well above last year’s 236,609 acres.Mar 18 Soybeans are at $9.66 3/4, down 1 1/4 cents,May 18 Soybeans are at $9.78, down 1 1/2 cents,Jul 18 Soybeans are at $9.88, down 1 cent,Aug 18 Soybeans are at $9.90, down 1 1/4 cents,Mar 18 Soybean Meal is at $323.20, up $0.40Mar 18 Soybean Oil is at $32.49, down $0.30
Wheat futures are trading 2 to 4 cents higher in most contracts at midday on Wednesday. The FSA reported that US wheat producers enrolled in 619,685 prevent plant acres for the 2017 wheat crop. That was the fewest number of acres since 2012 and was 65.33% lower than the previous year. Ukraine exports of wheat have totaled nearly 11.7 MMT during the 17/18 marketing year so far according to their ag ministry, which lags the same time in the previous year by 0.6 MMT. The weekly Export sales report will be delayed until Friday.Mar 18 CBOT Wheat is at $4.20 1/2, up 4 cents,Mar 18 KCBT Wheat is at $4.25 1/4, up 3 1/4 cents,Mar 18 MGEX Wheat is at $6.14, up 2 1/2 cents
Corn futures are showing 3 to 4 1/2 cent gains in most nearby contracts on Wednesday. Data from the FSA shows 964,596 prevent plant acres for corn in their final acreage survey report. That was down 8.33% from the January 2017 report and is the fewest number of acres since 2012. The weekly EIA report will be delayed until Thursday, due to Monday’s holiday. South Korea purchased 137,000 MT of corn on Wednesday, with the optional origin source likely from the US or South America. Despite forecasts of rains, producers in Brazil don’t expect a huge reduction in corn acreage for the second crop. With the slower soybean crop, corn planting could be delayed beyond the ideal time.Mar 18 Corn is at $3.52 1/2, up 4 1/4 cents,May 18 Corn is at $3.60 1/2, up 3 3/4 cents,Jul 18 Corn is at $3.68 3/4, up 3 3/4 centsSep 18 Corn is at $3.76 1/4, up 3 1/2 cents