Apr 20, 2014
Home| Tools| Events| Blogs| Discussions Sign UpLogin


Grain Hedge

RSS By: Brock Schimbeno, AgWeb.com

Grain Hedge is a self-directed discount brokerage that saves farmers money when trading in the futures and options market. For $7 commissions per side producers can execute their marketing strategy with authority, any time the markets trade.

Poor Export Sales Help Push Beans Below $15/bu.

Nov 08, 2012

Mid-Morning Update -- 9:40 AM Central

This morning's export sales numbers have helped extend losses from the overnight session in the grain complex. At the time of this post we see DEC corn down 2, DEC Chicago wheat down 3, and JAN soybeans leading the way lower -- down 8 1/4 cents. Export sales for soybeans came in at 191,000 MT (600k-800k expected) and corn saw exports meet expectations coming in at 209,000 MT.

grain hedge topper

With this move the JAN soybean contract is now below the psychological $15/bu. mark, and it will be important to see a strong close below $15 to indicate things are going lower. Technically speaking, we see the the 50 day moving average expected to move below the 100 day moving average for the first time since October 2011. This is certainly a different marketing year, but last year this technical indication was followed by lower prices before production concerns from South America rallied prices.

Below is a screen capture from the Firetip trading platform showing market depth on the JAN soybean contract. The VAP column shows the number of trades made at each price level, and you can see that the lower trade today, so far, has been 6 trades made at 1498 1/4. Firetip's "Advanced Trader" is a great way to fine tune the price you enter or exit the market, and we have a lot of producers that have been using it to modify limit orders on their hedges. If you want this market access in your home or office for tomorrow's report take your no-obligation trial today!

beans118

THERE IS A SIGNIFICANT RISK OF LOSS IN TRADING FUTURES AND OPTIONS.
FUTURES TRADING IS NOT APPROPRIATE FOR ALL INVESTORS.
PLEASE READ OUR RISK DISCLOSURE.

 
 
The Home Page of Agriculture
© 2014 Farm Journal, Inc. All Rights Reserved|Web site design and development by AmericanEagle.com|Site Map|Privacy Policy|Terms & Conditions