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November 2010 Archive for Hedging Corn and Soybeans

RSS By: Howard Tyllas, AgWeb.com

Howard Tyllas is currently a member of the Chicago Board of Trade and registered with the Commodity Futures Trading Commission as a floor broker and as a Commodity Trading Advisor.

December Cattle Daily Numbers & Trade Ideas for 11/26/10

Nov 25, 2010

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This report was sent to subscribers on 11/23/10 5:40 p.m. Chicago time to be used for trading on 11/24/10. Everything is done by Howard Tyllas, no program or black box.

December Cattle

After the close recap on 11/24/10: My resistance was 102.27, the EXACT actual high, and my support was 101.50, .25 from the actual low

Subscribe now! Do yourself a favor and get your numbers after the market is closed to be used for the next session trading. Ask yourself how much would it have been worth to read my comments and get my numbers 14 hours before today's open outcry?

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102.27                              Resistance

------------ 101.75         Pivot      

101.22                              Support 

 

  

Trend                

5 day chart.......      Up    (from last week same day)                                                          

Daily chart   ......   Up                       

Weekly chart .......Up                  

Monthly chart....    Up      96.57 is the 200 day MA         

ATR 1.25                           Extremely Overbought 91%

 cat 11 26 10

I continue to say "Bracket line is support now, and daily numbers resist".

December Cattle (elec.) for 11/26/10:

In my daily cattle numbers on Wednesday; my resistance was the EXACT actual high, my support was .25 from the actual low. 

Cattle: Exact resistance number and the support was spot on too. I want to take the sell signal only today and risk .35 on the trade idea using a buy stop to protect.

December Cattle (elec.) for 11/24/10:

Cattle: Accurate numbers. This do not really work out yesterday, and I say again "I want to trade the numbers and take the sell signals only since we are at longer term chart resistance, and risk .35 on the trade idea, and as always use a stop to protect".

Want to know what I think for tomorrow and going forward?

The 8 markets now covered daily are Soybeans, Corn, Crude oil, S&P, 30 yr TBond, Gold, Nat gas and Cattle.

My numbers usually are sent at least 12 hours (via your email) in advance of the next day open outcry session. Subscribers use them as best suited to their own needs and sometimes that involves the overnight trade.

 Find out why my subscribers from Canada, China, Czech Republic, Germany, India, Switzerland, South Korea ,Turkey  and the UK keep renewing this service.

HowardTyllas Daily Numbers & Trade Ideas cover 8 markets for less than $10 a day,

HowardTyllas Daily Numbers & Trade Ideas is designed to help you plan your trading strategies for the coming day.

$199.00 USD for each month, renewable monthly

HowardTyllas Daily Numbers & Trade Ideas $ 199.00

The weekly service is "Monday only" and comes out usually by Saturday morning so you can prepare for Sunday night and Monday's trade.

Weekly Service: 13 weeks for $129 total subscription fee.

 

Feel free to email with any comments or question you:  www.howardtyllas@howardtyllas.com

www.farmerhedge.com 

www.howardtyllas.com          

www.futuresflight.com 

 

           May Your Next Trade Be The Best                          

                     Howard Tyllas            

  BT

Disclaimer:     No guarantee of any kind is implied or possible where projections of future conditions are attempted. Futures trading involve risk. In no event should the content of this be construed as an express or implied promise, guarantee or implication by or from Howard Tyllas, that you will profit or that losses can or will be limited in any manner whatsoever. No such promises, guarantees or implications are given. Past results are no indication of future performance.

 

 

 

January Soybeans & December Corn Daily Numbers & Trade Ideas for 11/17/10

Nov 17, 2010

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This report was sent to subscribers on 11/16/10 2:50 p.m. Chicago time to be used for trading on 11/17/10. Everything is done by Howard Tyllas, no program or black box.

January Soybeans

After the close recap on 11/17/10: My resistance was 12.31 3/4, .00 3/4 from the actual high, and my support was 11.76 1/2, just .01 1/4 from the actual low.

December Corn

After the close recap on 11/17/10: My resistance was 5.40, .04 from the actual high, and my support was 5.10, just .01 from the actual low

Subscribe now! Do yourself a favor and get your numbers after the market is closed to be used for the next session trading. Ask yourself how much would it have been worth to read my comments and get my numbers 14 hours before today's open outcry?

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12.31 ¾                             Resistance  

--------------12.21 ¼      Pivot

12.10 ¾                   

11.76 ½                              Support

 

Trend            

5 day chart...       Down from last week same day                                                

Daily chart   ....  Up                     

Weekly chart ... Up                

Monthly chart    Up        $10.10 ½ is the 200 DMA

ATR 39                            Extremely Oversold 2%  

 

Jan soybeans 11 17 10

Bears are in control now and they are looking to test the gap support at $11.45, with the major uptrend line at $11.26 being next. Bulls are in control longer term.        

January Soybeans for 11/17/10:

When a gap is filled the market is then a 50/50 chance to move in either direction. Until the gap is filled it acts as resistance if it is above the market (last trade price), support if below the market.     

December Corn

5.46 ¾                           

5.40

------------- 5.25 ½         Pivot

5.10                                Key Uptrend Line

4.96                                $.00 ½ out of range today

  

Trend       

5 day chart........       Down from last week same day                                                                                                                                                   

Daily chart   ......     Up                       

Weekly chart .......  Up            

Monthly chart ....    Up 4.29 is the 200 day ma

ATR 21                      Extremely Oversold 1%    

 

december 11 17 10

I continue to say "Bulls in control longer term, but bears are in control now. Gap is support and then the uptrend line at 5.10. Daily numbers resist". I show the new line in red.

December Corn for 11/17/10:

In my daily corn numbers on Tuesday; my pivot acted as resistance and was .01 from the actual high; my support was .02 ¾ from the actual low.  

Grains: Spot on corn numbers, and accurate soybean resistance but support was blown away. I said over the weekend "my charts tell me that any rally this market offers to a resistance level, and the closer to last week's high the better, I would be an aggressive seller for the next few weeks. My chart says the high for this year is in, and until that Jan report, the pendulum is swinging back down and I expect we will work our way lower until year end". I also said and highlighted "Corn looks headed to test the uptrend line support at $5.10, and soybeans look headed to the bracket line support I have commented on several times at $12.41".

I sent my grain numbers at 5pm yesterday, and my comments as you know were sent later. I want to sell, but you would have needed to be aggressive and take the pivot sell signal. I no longer think we will see $5.80 and now want to base my resistance at $5.67, and would look for any rally going forward to that level as being a sell, and using a buy stop above risking $.05. More overnight selling propelled CZ to a low of $5.10 ¼, ¼ from my support of $5.10 that has been in my comments. If they do break that, sell stops should be there, including mine if I took the buy signal, which I would have risking .04 on a sell stop, but on a smaller contract size on this contra trend trade. They did already rally up to $5.19 for a successful trade idea, risking .04 to make .08. I would not try this if it gets there a second time because it is less likely to hold the more times it is tested. In open outcry I would try to buy this number the first time tested, but again the second time I would take a pass on the trade idea.

Like I have said, I was amazed we have traded in the shadow of $6 for 5 weeks no matter what the fundamentals story is. I can believe $13 soybeans being sustained for a period of a month or two as long as the tight situation exists, but corn at $6, it just does not compute in my brain after trading these products going on 35 years now. One of my producers who have been with me going on 2 years reminded me what I said about producers and speculators alike and he said, "they are going to understand what your strategy is, that is the easy part, but you are going to find that they cannot shake the mindset they brought to your table". "And you said you have both feet on the ground and you will make them understand through repeated examples and that they will not be able to ignore", and then he said "it is only a matter of time before they slip right back into their old mindset". I can agree with him on half, but the other half have in time truly feel comfortable now with my approach, even relieved from the stress of trading, and in reality masking compulsive gambling no matter if they knew that or not.

It is rewarding to me to see my producers be able to have comfort in the fact they are prepared for this drawdown, in spite of being bullish looking for higher prices, and on different strike prices that they selected and can count on them as futures contracts on expiration. It is a learning process, not of the strategy, but more important the mindset of looking at the glass as 65% full instead of 35% empty, a less exciting day by day net change of equity because of the reduced exposure, and the discipline it takes to execute your plan. Trading is a learning experience as well as hedging, and as with most things with practice you should get better in time. Spec or hedge it is the same, you can and should reflect EXACTLY what you think about the market resulting in the strategy you choose and the strikes you select. You then have the upside or downside you want exactly with the parameters your trade idea or hedge is looking for.    

It is important for you to think once again what I have said more times than I have fingers and toes in here, I do not care what brings a market to a price level, I want to exploit it. I do not make money because I guess right the fundamentals even on a report and the market goes my way, it is what the market does AFTER the report is what I am concerned about. Nothing changed since last Tuesday, and in my mind the PRC, $, or any other factor would not have kept this market from doing the purge of unbelievably huge speculative positions. You know for months I have warned of the risk of one day no matter when that day is, the party will be over and they will turn out the lights, think of any market, no matter how long it takes what I said was true.

My parameters using the uptrend lines is the objective of the bear chartist in both markets, and if that goes the low of October is next. Corn is at their uptrend now and if that goes my bracket line will be next at $4.70. Forget the outside markets, at best that will be the excuse market reporters and writers will pin the price action on, but the question is what the funds will do? I know what I am doing, I want to contra trend trade by buying support for a day trade with a minimum position. I want sell rallies at resistance levels.  

Grains for 11/16/10:

Grains: Spot on corn support but the resistance was blown away. Soybean numbers were helpful. For me it was apparent that corn was going to be good today because of the gap higher open on Sunday night.

Soybeans were on both sides of settlement on Sunday and did not have the underpinning that the gap provided the corn market. PRC was interested in buying Argentine corn, and the fact they were poking around, underpinned corn. Corn exports here though were good but if the market is looking to add export numbers to the next report, we must step up sales.

Nothing changed and nothing unexpected happened (maybe the PRC corn deal), so my game plan has not changed. I was looking for a sharp quick rally whenever the market stabilized, just did not expect corn would be sharply higher on the open, and not at least try to fill the gap first. Now the gap left from Friday's limit down close is corn's support, as well as the gap just below at $5.28 ¼. I was also impressed with corn being able to get up to Friday's high price.

I want to sell without question if December corn can get to the $5.80 price level and risk .06 on the trade, and I would try a swing trade using a $6.01 buy stop, and if the number holds I would be looking for a retest of the gaps of the last 2 days. I would also try a day trade if the market gets to the $5.67 and sell the first resistance and risk .04 using a buy stop to protect.    

The fact that soybeans have the bullish report and fundamentals going for it, for it to struggle like it did is a sign of weakness. I was surprised we got as close to my first resistance as we did, and would like to take a sell if it can get closer. I would risk .08 on that day trade idea. I would also try a swing trade and risk .08 using a buy stop to protect. If the resistance holds I would look for a test of the bracket line support at $12.41.

I am still bullish longer term, but the charts are in bear mode now.

Grains for 11/15/10:

Grains: Spot on corn resistance and accurate support, spot on soybean resistance but support was helpful considering the market opened .01 below the 2nd support number in open outcry. I never buy below my bottom support number because as I have told you before, when support is broken it turns into resistance. Not that I recommend selling below that support, but if I was long I would not even think about it, I would be stopped out.

All you have to do is look across the board and you would clearly see broad based commodity selling. PRC talk of curbing inflation was the straw that broke the camel's back on Friday.

Last week in review: Bulls were disappointed on Tuesday when the corn numbers came in only a little better than they thought. Yes, the numbers were friendly for corn but nothing significant, but really bullish for soybeans. That is what gapped corn and soybeans higher, but as soon as corn got .03 ¾ from the key resistance my chart commentary has been posting daily for weeks, and have commented on many times, they ended the day lower. (They also made a new high for the run but closed lower that day, and that bode well for another down day, and indeed it was lower the next day, as well as closing lower all 5 days last week) This is why I constantly remind you on every report no matter the market, "I am more concerned how the market reacts to the report than the report itself". Charts have NO EMOTIONS and cannot know the fundamentals or read the news, and that is why the charts have been the foundation of my approach and actual trade ideas. In all other markets it is only the charts, and relies little on fundamentals.

Report day soybean fundamentals could not be denied and pinned the market for about a .50 gain that day, but hit their wall at long term resistance that once again appeared after being off the chart for a very long time. On 11/1/10 4th paragraph I noted this resistance of the $13.32 gap, and have warned many times with the last being on 11/10/10 & 11/11/10 that these levels are vulnerable to profit taking liquidation if not outright selling to go short. Soybeans started out the Thursday night electronic session making a new high that looked more like a probe to the upside triggering stops than strong buying, but the PRC triggered fear in the heart of bulls and sparked sell stops and liquidation selling. Making a new high for the run and closing lower not only for the day but for the week on bullish news, bodes very well for another down day on Monday.

The question is, how much of their position are the funds going to liquidate, and how deep the correction will be? Expanded limits itself is enough volatility, let alone the huge positions the funds are holding, and at these levels I am surprised we have been orderly and trading basically sideways in the corn market for 5 weeks. The soybean market that has been climbing a stairway to heaven since 10/4/10 without volatility until last week, I am expecting more of the same volatility this week. Fundamentals remain positive going forward with tight ending soybeans stocks, shrinking corn stocks, but the end users still need coverage and might back off until the market stabilizes at whatever price that ends up to be. Corn looks headed to test the uptrend line support at $5.10, and soybeans look headed to the bracket line support I have commented on several times at $12.41.     

This Week: Since the next major news is not until the January report and all markets normally slow down for the Thanksgiving holiday, I think this week will be the last of the volatility. Closing limit down on Friday certainly increases the odds for the first few days of this week for that to happen. I expect that prices will rally sharply after the selling stops, and my chart has already shown you were my support levels are. I will say this, my charts tell me that any rally this market offers to a resistance level, and the closer to last week's high the better, I would be an aggressive seller for the next few weeks. My chart says the high for this year is in, and until that Jan report, the pendulum is swinging back down and I expect we will work our way lower until year end. That is exactly what I see after reviewing the game films in my mind that have accumulated over the decades. The movie title might be different, but the story is the same except for the price level is different, and the fundamental story at the time is different, and the volatility might be higher or lower, but the charts and momentum of the pendulum remains exactly the same. 

I want you to note, corn was going down even the day before the report, and every day after, the PRC thing just propelled it. But as noted, the funds were selling this market lately and that if anything is a fundamental that is probably bigger than the market itself until the Jan report.

I DO NOT TRADE FUNDAMENTALS even though I view myself an expert in grain fundamentals and how they affect price. The first decade I could not say that, even though I combed through every fundamental the exchange or the constant news wires (in those days of no computers, that was the internet) that were available to exchange members, and through those years observed how fundamentals really play into opportunities that result from the pendulum swing that my charts were waiting for at support and resistance levels. That as a trader was the reason I said I could care less the reason we got to this price level, I want to exploit it! By that time I already had been using my charts for my everyday trading as a floor trader for over a decade making a living, and learned by watching others who were more concerned with the fundamentals or what the report said than what the charts said. I do not know too many especially floor traders, who are concerned with the fundamentals and not the price. The last price is the only REAL price at that time, and charts tell you the REAL prices that traded everyday in the past. How does the last fundamental or overall picture, discover price in the future? 

I have found out dealing with the public for the last 3 years, that mindset is the biggest obstacle a trader and producer have. I do not know if it is a good thing to bombard you with ALL the fundamentals that I do look at, and I do filter out the fundamentals for you that are not in play for me. Maybe I should talk fewer fundamentals and only the most important fundamental or the results of, and talk more about mindset, money management, and the ability to manage risk and time, the 2 hardest things to do without the right mindset. You set the parameters of your own tolerance for risk, your threshold of pain (emotional), and know what percentage of your income will take the emotion out of your trading.  

I want to add, on Thursday in the Chicago Tribune huge type on the front business page the headlines read "Commodities spark concern, Cotton prices hit Civil War highs" as well as "Grain costs across the globe are rising". It is almost always the kiss of death of any rally within days of reaching headline newsprint or TV attention within days. I get the paper delivered for that very reason, but since this was a busy week, I first saw this today before recycling in trash bin. This is the same day as Informa coming out with a bearish 2011 corn crop acreage forecast and a bullish soybean acreage number.

Mindset: I cannot stress to you enough to keep a daily journal like a diary, and keep yourself in reality. You are a human being and your mind has tricky ways to fool yourself thinking you are better than what you actually performed (meaning, the fish you caught keeps getting bigger with time). I think this and I think that does you no good unless you execute what your plan is, and the journal will again keep it real for you. Because when you say you will buy here or sell there, and then the day comes where you get the chance to execute your plan and you do nothing, you will be able to see what your problem is, and you will then have the chance to improve or face the fact of your lack of discipline. There is nothing more real than to read your own words back, you talking to you. You can lie to everyone else, and place blame on anything but the person who is really in control of your actions, you.

I knew this and I knew that, means nothing unless you took advantage of it. Knowledge has always been instilled in my brain by my parents every since I can remember anything, and was always told "man as well as nature can strip you of everything material, but it cannot take away what is in your mind".  "Knowledge is a very powerful force, but is worthless if you ignore it or do not use it when needed". Knowledge means nothing if you find yourself saying "I should have known better" or "I knew I should have".

Old subscribers have read this many times one way or another from me, but I make it clear, I reinforce these same thoughts year in and out since I started trading and as I write to you I am also talking to myself, and am like a soldier on the 42nd parallel standing diligent with no immediate threat at hand, but watchful and on guard for any sign of trouble. I am on guard for any lack of discipline, or lack of respect for the market and what it can do.

Keep a journal, and exactly write your thoughts, even if it is I do not know. Write what you should do to take advantage of your thoughts if right, and what to do if you are wrong. You might just find out that you are your own worst enemy. When you cannot execute what you are supposed to do, then you are sabotaging yourself, and might be not allowing yourself to succeed in your own plan. Or you are a masochist and enjoy the house of pain and what that brings.

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Since the open of tonight's session as I write now, soybeans have probed about $.17 above and below Friday's settlement price on good volume, while corn gapped higher on the open and tested its low in the first 20 minutes, rallied to new highs tonight up .17 and then pulling back to up less than .07 before creeping back up .11 since then. Outside markets are not at all in play. It looks like there is a chance for a rally to a resistance level that I would take a sell at this week.

Want to know what I think for tomorrow and going forward?

The 8 markets now covered daily are Soybeans, Corn, Crude oil, S&P, 30 yr TBond, Gold, Nat gas and Cattle.

My numbers usually are sent at least 12 hours (via your email) in advance of the next day open outcry session. Subscribers use them as best suited to their own needs and sometimes that involves the overnight trade.

 Find out why my subscribers from Canada, China, Czech Republic, Germany, India, Switzerland, South Korea ,Turkey  and the UK keep renewing this service.

HowardTyllas Daily Numbers & Trade Ideas cover 8 markets for less than $10 a day,

HowardTyllas Daily Numbers & Trade Ideas is designed to help you plan your trading strategies for the coming day.

$199.00 USD for each month, renewable monthly

HowardTyllas Daily Numbers & Trade Ideas $ 199.00

The weekly service is "Monday only" and comes out usually by Saturday morning so you can prepare for Sunday night and Monday's trade.

Weekly Service: 13 weeks for $129 total subscription fee.

 

Feel free to email with any comments or question you:  www.howardtyllas@howardtyllas.com

www.farmerhedge.com 

www.howardtyllas.com          

www.futuresflight.com 

 

           May Your Next Trade Be The Best                          

                     Howard Tyllas            

   BT

Disclaimer:     No guarantee of any kind is implied or possible where projections of future conditions are attempted. Futures trading involve risk. In no event should the content of this be construed as an express or implied promise, guarantee or implication by or from Howard Tyllas, that you will profit or that losses can or will be limited in any manner whatsoever. No such promises, guarantees or implications are given. Past results are no indication of future performance.

 

 

 

 

 

December Cattle Daily Numbers & Trade Ideas for 11/15/10

Nov 16, 2010

top1

This report was sent to subscribers on 11/14/10 8:30 a.m. Chicago time to be used for trading on 11/15/10. Everything is done by Howard Tyllas, no program or black box.

December Cattle

After the close recap on 11/15/10: My resistance was 99.85, only .05 from the actual high, and my pivot acted as support and was 98.55, just .15 from the actual low

Subscribe now! Do yourself a favor and get your numbers after the market is closed to be used for the next session trading. Ask yourself how much would it have been worth to read my comments and get my numbers 14 hours before today's open outcry?

All charts and numbers for 11/4/10 have already been sent to subscribers at 5:20 pm. 

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99.85      

99.62      

------------98.55       Key Pivot 

97.47

96.45

    

  

Trend               

5 day chart.......      Up    (last week same day)                                                          

Daily chart   ......   Sideways                      

Weekly chart .......Up                  

Monthly chart....    Up      96.20 is the 200 day MA         

ATR 1.15                           Balanced 47%

 

cat 11 15 10

I continue to say "Bracket line is support now, and then the lows of October and August supports, and the daily numbers resist".

December Cattle (elec.) for 11/15/10:

In my daily cattle numbers on Friday; my resistance was .22 from the actual high, my support was .15 from the actual low.   

Cattle: Spot on numbers. Sideways market continues from 102.50 down to 96.50, with the bracket line acting as support today. I want to trade without bias and risk .35 on any trade idea, and as always use a stop to protect.

Want to know what I think for tomorrow and going forward?

The 8 markets now covered daily are Soybeans, Corn, Crude oil, S&P, 30 yr TBond, Gold, Nat gas and Cattle.

My numbers usually are sent at least 12 hours (via your email) in advance of the next day open outcry session. Subscribers use them as best suited to their own needs and sometimes that involves the overnight trade.

 Find out why my subscribers from Canada, China, Czech Republic, Germany, India, Switzerland, South Korea ,Turkey  and the UK keep renewing this service.

HowardTyllas Daily Numbers & Trade Ideas cover 8 markets for less than $10 a day,

HowardTyllas Daily Numbers & Trade Ideas is designed to help you plan your trading strategies for the coming day.

$199.00 USD for each month, renewable monthly

HowardTyllas Daily Numbers & Trade Ideas $ 199.00

Feel free to email with any comments or question you:  www.howardtyllas@howardtyllas.com

www.farmerhedge.com 

www.howardtyllas.com          

www.futuresflight.com 

 

           May Your Next Trade Be The Best                          

                     Howard Tyllas            

  BT

Disclaimer:     No guarantee of any kind is implied or possible where projections of future conditions are attempted. Futures trading involve risk. In no event should the content of this be construed as an express or implied promise, guarantee or implication by or from Howard Tyllas, that you will profit or that losses can or will be limited in any manner whatsoever. No such promises, guarantees or implications are given. Past results are no indication of future performance.

 

 

 

WASDE REPORT FOR 11/9/10

Nov 09, 2010

 

 

 

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WASDE Report for 11/9/10

 

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OILSEEDS: Total U.S. oilseed production is projected at 101.8 million tons, down 1 million from last month as lower soybean and cottonseed production are only partly offset by higher peanut production. Soybean production is forecast at 3.375 billion bushels, down 33 million from last month. The soybean yield is projected at 43.9 bushels per acre, down 0.5 bushels from the previous estimate. Soybean exports are raised 50 million bushels to a record 1.57 billion due to increased global import demand and to a record sales pace, especially to China which accounts for over 70 percent of known U.S. soybean export sales through October. Soybean ending stocks are projected at 185 million bushels, down 80 million from last month.

Soybean oil ending stocks for 2010/11 are raised this month due to higher beginning stocks reported by the U.S. Census Bureau and to reduced domestic disappearance reflecting lower projected food use of soybean oil.

Prices for soybeans and products are projected higher for 2010/11. The U.S. season-average soybean price range is projected at $10.70 to $12.20 per bushel, up 70 cents on both ends. The soybean meal price is projected at $310 to $350 per short ton, up 20 dollars on both ends of the range. The soybean oil price range is projected at 42.5 to 46.5 cents per pound, up 3 cents on both ends of the range.

Global oilseed production for 2010/11 is projected at 440.7 million tons, up 0.1 million from last month. Increased soybean production is mostly offset by lower sunflowerseed, rapeseed, peanut, and cottonseed production. Global soybean production is projected higher with increases for Brazil, Argentina, India, and South Africa only partly offset by a reduction for the United States. Argentina soybean production is raised 2 million tons to 52 million due to increased area as producers respond to relatively high soybean prices. Brazil soybean production is projected at 67.5 million tons, up 0.5 million from last month due to increased area. Global sunflowerseed production is projected lower due to reduced estimates for Russia, Argentina, India, and EU-27. Other changes include lower rapeseed production for Australia, lower peanut production for India, and lower cottonseed production for China.

Oilseed trade is projected at 111.4 million tons, up 1.8 million. China soybean imports for 2010/11 are raised to 57 million tons, up 2 million from last month. EU-27 imports of soybeans and soybean meal are raised this month to offset lower sunflowerseed and rapeseed availability.

  

COARSE GRAINS: U.S. feed grain supplies for 2010/11 are reduced this month with lower expected corn production. Corn production is forecast 124 million bushels lower as the national average yield is lowered to 154.3 bushels per acre, down 1.5 bushels from the previous forecast. Feed and residual use is projected 100 million bushels lower with the smaller forecast crop and higher prices expected to reduce feeding. Exports are lowered 50 million bushels as higher prices trim export demand. Corn use for ethanol is raised 100 million bushels with record October ethanol production indicated by weekly WASDE-488-2

Energy Information Administration data and favorable ethanol producer margins. Ethanol prices continue to track higher with corn prices, supporting returns for ethanol producers. Although small relative to domestic usage, higher ethanol exports and lower imports are also expected to add to corn use for ethanol with high sugar prices limiting the availability of ethanol from Brazil.

Corn ending stocks for 2010/11 are projected 75 million bushels lower. At 827 million bushels, ending stocks would be the lowest since 1995/96 and represent a carryout of 6.2 percent of projected usage. In 1995/96, carryout dropped to 5 percent of estimated usage. The season-average farm price is projected at $4.80 to $5.60 per bushel, up 20 cents on both ends of the range and well above the previous record of $4.20 per bushel in 2007/08.

Global coarse grain supplies for 2010/11 are projected 3.3 million tons lower reflecting reduced corn production in the United States, reduced barley production in China, and reduced oats and rye production in Russia. Global corn production is reduced 1.1 million tons as the U.S. decline is partly offset by a 2.0-million-ton increase for China on higher 2010/11 area. Corn production for China is also raised 2.0 million tons for 2009/10 based on an area increase of 800,000 hectares as indicated by official government statistics. Global 2010/11 barley production is lowered 0.8 million tons mostly on a 0.7-million-ton reduction for China on lower area and yields. Other barley changes include small reductions for Belarus and EU-27, and a 0.3-million-ton increase for Australia as abundant rainfall in eastern growing areas support higher yields. Global oats production is lowered 1.3 million tons mostly on a 1.0-million-ton reduction for Russia. Global rye production is lowered with a 0.4-million-ton reduction for Russia.

Global 2010/11 coarse grain trade is lowered slightly this month with lower corn imports for the Philippines and South Korea partly offset by small increases in corn imports for Saudi Arabia and sorghum imports by EU-27. Corn exports are raised 0.5 million tons each for EU-27 and Serbia mostly offsetting the 1.3-million-ton reduction for the United States. Global coarse grain consumption for 2010/11 is lowered slightly as higher corn feeding in China and Argentina are mostly offset by reduced corn feeding in EU-27, South Korea, and the Philippines. Oats and barley consumption are also lowered with reduced oat feeding in Russia and China and reduced barley feeding in EU-27 and China. Global corn ending stocks are lowered 3.2 million tons. At 129.2 million tons, world corn stocks would be the lowest since 2006/07, the first year of the rapid expansion in U.S. ethanol production and use.

 WHEAT: U.S. wheat ending stocks for 2010/11 are projected 5 million bushels lower this month as downward production revisions of 11 million bushels for Hard Red Spring (HRS) wheat and 4 million bushels for durum more than offset higher projected imports. Imports are raised 10 million bushels with increases for Soft Red Winter (SRW) wheat and durum. Exports are unchanged, but shifts among classes result in higher projected exports of Hard Red Winter and HRS wheat and reductions for SRW and durum. The projected season-average price received by producers is narrowed 5 cents on each end of the range to $5.25 to $5.75 per bushel. Heavy early season marketings and forward sales limit upside potential for the season-average farm price.

Global wheat supplies are projected slightly higher for 2010/11 as higher world production offsets lower carryin, mostly reflecting higher 2009/10 wheat feeding in China. World production is raised 1.5 million tons for 2010/11 as increases for Argentina, Australia, EU-27, and Paraguay more than offset reductions for FSU-12 and the United States. Argentina production is raised 1.5 million tons as favorable returns and timely rains boost area and yield prospects. Australia production is raised 1.0 million tons as rising yield prospects in eastern growing areas more than offset reductions from extended dryness in Western Australia. Production is raised 0.6 million tons for EU-27 mostly based on higher reported area for Poland. Production for Russia is lowered 0.5 million tons as harvest results indicate lower-than-expected yields in Siberia. Production is also lowered 0.5 million tons each for Azerbaijan and Kazakhstan as the latest reports confirm higher-than-expected yield losses from the extended drought across the region.

World wheat trade for 2010/11 is raised this month with imports up 0.5 million tons each for China, Egypt, and South Korea, mostly reflecting higher reported shipments so far for the marketing year. Imports are also raised for Azerbaijan and the United States. Turkey's imports and exports both are reduced 1 million tons as short supplies of FSU-12 wheat limit Turkey's wheat imports and flour exports. Kazakhstan exports are lowered 0.5 million tons with the smaller crop. Exports are raised 1.0 million tons each for Argentina and EU-27 with larger available supplies in Argentina and the strong pace of EU-27 export licensing. Russia exports are raised 0.5 million tons as flour exports will now be allowed after December 31, 2010.

Global wheat consumption for 2010/11 is raised 2.5 million tons with much of the increase reflecting a 2.0-million-ton increase in China wheat feeding. Wheat feeding is also raised 0.5 million tons for Korea based on the pace of feed quality wheat imports. Feeding is lowered 1.0 million tons for Russia, but is offset by a 1.0-million-ton increase in food use. Global ending stocks for 2010/11 are projected 2.2 million tons lower with the largest reduction for China where stocks are lowered 3.4 million tons. Ending stocks are also lowered 1.0 million tons for Russia. Partly offsetting are higher projected ending stocks for Australia, Egypt, Argentina, and Paraguay.

 

RICE: U.S. rice production in 2010/11 is forecast at 241.6 million cwt, 0.7 million below last month due to a decrease in yield. Average yield is estimated at 6,669 pounds per acre, down 18 pounds from last month. Harvested area is unchanged at 3.62 million acres. Long-grain rice production is lowered 0.5 million cwt to 181.5 million, while combined medium- and short-grain production is down 0.2 million to 60.1 million. The changes on the use side are due mostly to a reduction in the average milling yield for 2010/11. The average U.S. 2010/11 rice milling yield is lowered 2 percent to 67.5 percent, the lowest in at least 50 years. The average milling yield is determined from Farm Service Agency warehouse stored loan data for long-, medium-, and short-grain rice. Unfavorable hot August weather reduced both field and milling yields in the South. A lower milling yield results in a higher use of rough rice. Domestic and residual use is raised 2 million cwt to a record 129.0 million, however, exports are unchanged at 119.0 million cwt. The export forecast on a milled-equivalent basis is lowered 2 percent from last month, as lower exports are expected to markets primarily in the Middle East. An increase in the long-grain export forecast (rough-equivalent basis) of 1.0 million cwt is offset by a decrease of 1.0 million in combined medium- and short-grain exports. Ending stocks are forecast at 49.8 million cwt, down 2.7 million from a month ago, but up 13.1 million from the previous year.

The long-grain, combined medium- and short-grain, and all rice season-average farm price forecasts are all unchanged from last month at a range of $10.50 to $11.50 per cwt, $17.30 to $18.30 per cwt, and $12.10 to $13.10 per cwt, respectively.

Global 2010/11 rice supply and use are lowered from a month ago. World 2010/11 production is forecast at a record 451.4 million tons, down 1.1 million from last month due mainly to decreases for WASDE-488-3

Burma, Pakistan, the Philippines, and South Korea, which is partially offset by an increase for Australia. Thailand's 2010/11 rice crop was lowered slightly as losses in the main-season crop from recent flooding are partially offset by an expected increase in the dry-season crop. The Philippines 2010/11 crop is lowered 0.3 million tons from last month due to the effects of Typhoon Megi, but is still up 0.7 million from last year's weather-reduced crop. Global 2010/11 exports are lowered by about 0.35 million tons from last month as expected declines in the United States, Pakistan, Burma, and Thailand, are partially offset by a substantial increase for Australia. Import forecasts are raised for Bangladesh and Indonesia, but lowered for the Philippines and Australia. Global ending stocks for 2010/11 are projected at 94.3 million tons, nearly unchanged from last month, but a decline of 1.1 million from the previous year.

 

SUGAR: Projected U.S. sugar supply for fiscal year 2010/11 is increased 218,000 short tons, raw value, from last month, due to higher imports more than offsetting lower beginning stocks and production. Sugar production is lowered 155,000 tons, based on lower forecast production of U.S. sugarbeets and Louisiana sugarcane. Imports from Mexico are increased 475,000 tons based on greater supplies and lower sugar use in Mexico. Total U.S. use is unchanged.

This month=s 2009/10 U.S. sugar supply and demand balance reflects final estimates of stocks, production, and use published in the Sweetener Market Data and final import data from the Foreign Agricultural Service. Total supplies are up 97,000 short tons from last month, while total use is up 199,000. Reported ending stocks of 1.5 million tons are down 102,000 from last month=s estimate. For Mexico, 2009/10 fiscal year government data increase supply 77,000 metric tons and decrease use 245,000. WASDE-488-4

 

LIVESTOCK, POULTRY, AND DAIRY: The forecast of total U.S. meat production is raised for 2010 and 2011. Production forecasts for all major meats are raised for 2010. Beef production is raised on higher steer and heifer slaughter and the pork production increase reflects exceptional gains in carcass weights. Broiler hatchery data points toward continued gains in broiler production as the number of eggs set and chicks placed are large. The rate of decline in 2010 turkey production is slower than previously forecast. For 2011, production forecasts for beef, pork, and broilers are increased. The beef production increase largely reflects slaughter of the higher-than-expected number of cattle placed on feed during the third quarter of 2010. Pork production is forecast higher in early 2011 as some of the weight gains seen in late 2010 carry into 2011. However, the increase in weights is expected to be moderated by higher costs of feed during 2011. Broiler production is also forecast higher in early 2011 as the sector carries its current expansion into 2011. However, higher expected feed costs are expected to slow the rate of increase later in the year. The turkey production forecast for 2011 is unchanged from last month as is the egg production forecast.

The beef import forecast is lowered for 2010 as the pace of imports to date is relatively slow but the forecast for 2011 is unchanged. Beef exports in both 2010 and 2011 are raised on stronger growth to Asian markets. The forecast for pork imports is raised for both 2010 and 2011 on strong shipments from several markets. The pork export forecast is lowered for 2010 based on the pace of exports but the forecast for 2011 is unchanged. The poultry export forecast is reduced on weaker third-quarter data but the forecast for 2011 is unchanged from last month.

The cattle price forecasts for 2010 and 2011 are raised to reflect continued strong demand for cattle. Hog prices are forecast lower on larger forecast pork supplies. The broiler price forecast is unchanged. Egg prices for 2010 are forecast higher as prices recovered from their late summer decline but the 2011 forecast is unchanged.

Forecast milk production for 2010 is unchanged from last month. However, for 2011 production is lowered from last month as forecast cow numbers are reduced from last month. Milk per cow is adjusted slightly higher in early 2011 but higher feed prices and lower forecast milk prices limit the rate of growth in 2011. Exports in 2010 are forecast higher due to strong growth in butter, cheese, and fluid milk/cream. For 2011, continued global economic recovery and a favorable exchange rate should support exports. Revisions have been made to historical export aggregations, resulting in higher estimated exports. Import forecasts are raised on the strong pace of imports.

Cheese and butter prices for both 2010 and 2011 are forecast lower. The 2010 forecast for nonfat dry milk is unchanged from last month but stronger expected exports support a higher forecast for 2011. The whey price forecast is unchanged. Both Class III and Class IV price forecasts for 2010 are lowered due to the lower cheese and butter price forecasts. The Class III price forecast is lowered for 2011 but the Class IV price forecast is raised as the higher nonfat price more than offsets the lower butter price forecast. The all milk price is forecast to average $16.30 to $16.40 per cwt for 2010 and $15.95 to $16.85 per cwt for 2011.

 

 COTTON: The U.S. 2010/11 cotton supply and demand estimates include lower production, lower domestic mill use, and higher exports relative to last month. Production is lowered 455,000 bales to 18.4 million, as reductions for Texas are partially offset by increases in the Southeast and Delta. Domestic mill use is reduced 150,000 bales to 3.45 million in response to recent sharply higher prices. Exports are raised 250,000 bales to 15.75 million, based on increased foreign demand and extremely strong export sales to date. Ending stocks are reduced 500,000 bales to 2.2 million bales, the lowest since 1925. The forecast range for the marketing year average price received by producers of 74 to 86 cents per pound is raised 7 cents on both ends. The midpoint of the range, if realized, would be the highest price since the Civil War.

The 2010/11 world cotton forecasts show lower consumption and ending stocks compared with last month, stemming from reduced supplies. Beginning stocks are reduced 3.0 million bales in China, as WASDE-488-5

the 2009/10 balance sheet is revised to reflect the shortages in mill inventories that have become apparent in recent weeks (see http://www.usda.gov/oce/commodity/wasde/index.htm for a detailed explanation). World production is reduced 1.4 million bales, as reductions for China, the United States, Pakistan, Greece, and Turkey are partially offset by increases for Brazil, Australia, and Uzbekistan. With supplies insufficient to meet demand, world consumption of 116.8 million bales is reduced 3 percent from last month and 1.4 percent from last season. Relative to last month, consumption is reduced in China, Bangladesh, Indonesia, Pakistan, Thailand, the United States, Vietnam, Brazil, and Turkey; these reductions are partially offset by an increase for India, where consumption is expected to benefit from export restrictions. World trade is raised nearly 800,000 bales from last month, as a 2-million bale increase in imports by China is partially offset by lower imports by several other countries. World ending stocks are reduced 5 percent to 42.2 million bales. The world stocks-to-consumption ratios are reduced to 37 and 36 percent, respectively, in 2009/10 and 2010/11, the lowest since 1993/94.

 

Want to know what I think for tomorrow and going forward?

The 9 markets now covered daily are Soybeans, Corn, Crude oil, S&P, Euro FX, 30 yr TBond, Gold, and Nat gas Cattle.

My numbers usually are sent at least 12 hours (via your email) in advance of the next day open outcry session. Subscribers use them as best suited to their own needs and sometimes that involves the overnight trade.

 Find out why my subscribers from Canada, China, Czech Republic, Germany, India, Switzerland, South Korea ,Turkey  and the UK keep renewing this service.

HowardTyllas Daily Numbers & Trade Ideas cover 9 markets for less than $10 a day,

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HowardTyllas Daily Numbers & Trade Ideas $ 199.00

Feel free to email with any comments or question you:  www.howardtyllas@howardtyllas.com

www.farmerhedge.com 

www.howardtyllas.com          

www.futuresflight.com 

 

           May Your Next Trade Be The Best                          

                     Howard Tyllas            

   BT

Disclaimer:     No guarantee of any kind is implied or possible where projections of future conditions are attempted. Futures trading involve risk. In no event should the content of this be construed as an express or implied promise, guarantee or implication by or from Howard Tyllas, that you will profit or that losses can or will be limited in any manner whatsoever. No such promises, guarantees or implications are given. Past results are no indication of future performance.

 

 

 

 

 

December Cattle Daily Numbers & Tarde Ideas for 11/1/10

Nov 01, 2010

top1

This report was sent to subscribers on 10/31/10 11:30 p.m. Chicago time to be used for trading on 11/1/10. Everything is done by Howard Tyllas, no program or black box.

December Cattle

After the close recap on 11/1/10: My pivot acted as resistance and was 98.90, .20 from the actual high, and my support was 98.27 FG, .32 from the actual low.

Subscribe now! Do yourself a favor and get your numbers after the market is closed to be used for the next session trading. Ask yourself how much would it have been worth to read my comments and get my numbers 14 hours before today's open outcry?

All charts and numbers for 11/2/10 have already been sent to subscribers at 5:20 pm.

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100.27      

  99.52      

------------98.90      Pivot 

  98.27 FG

  96.80

       

Trend             

5 day chart.......      Down    (last week same day)                                                          

Daily chart   ......   Up                      

Weekly chart .......Up                  

Monthly chart....    Up      95.82 is the 200 day MA         

ATR 1.20                           Extremely Oversold 7%

cat 11 1 10

Daily numbers resist, and the gap near the bracket line is major support.

December Cattle (elec.) for 11/1/10:

In my daily cattle numbers on Friday; my pivot acted as resistance and was .25 from the actual high, my support was .27 from the actual low. 

Cattle: Spot on numbers. Another bull chart that is breaking down but still intact. Bears want to keep it under 100.00. Bulls want to defend the gap support and bracket line. If that goes, the low of October is next. I would continue to trade without bias and risk .35 on any trade idea.

New Subscribers:  Keep in mind that these are day trading numbers. They are equally to be used for swing trading and longer term trading time frames on the day I want to enter or exit my position. The charts are to be used for overall trade location looking for areas of price discovery of support and resistance levels. When the market does go to the charts longer term support or resistance levels such as bracket lines or longer term trend lines, I use my numbers on that day to enter or exit my position. The numbers do not tell you what to do, you are in control of that, but they will give you a framework to try and buy or sell at the best price for that day. For me it gives me a strategy and the best way I have found to discover the best price for entering or exiting my trade ideas.

If I have the exact numbers for the actual high and low of the day 12 hours in advance, the question has always been, how do I trade it? That is what I best describe in my numbers explanation. Any intuitiveness or nuances I trade, I would keep a journal to see if it is worthwhile overriding my plan. I rarely go against my explanation

 

Want to know what I think for tomorrow and going forward?

The 9 markets now covered daily are Soybeans, Corn, Crude oil, S&P, Euro FX, 30 yr TBond, Gold, and Nat gas Cattle.

My numbers usually are sent at least 12 hours (via your email) in advance of the next day open outcry session. Subscribers use them as best suited to their own needs and sometimes that involves the overnight trade.

 Find out why my subscribers from Canada, China, Czech Republic, Germany, India, Switzerland, South Korea ,Turkey  and the UK keep renewing this service.

HowardTyllas Daily Numbers & Trade Ideas cover 9 markets for less than $10 a day,

HowardTyllas Daily Numbers & Trade Ideas is designed to help you plan your trading strategies for the coming day.

$199.00 USD for each month, renewable monthly

HowardTyllas Daily Numbers & Trade Ideas $ 199.00

Feel free to email with any comments or question you:  www.howardtyllas@howardtyllas.com

www.farmerhedge.com 

www.howardtyllas.com          

www.futuresflight.com 

 

           May Your Next Trade Be The Best                          

                     Howard Tyllas            

 BT 

Disclaimer:     No guarantee of any kind is implied or possible where projections of future conditions are attempted. Futures trading involve risk. In no event should the content of this be construed as an express or implied promise, guarantee or implication by or from Howard Tyllas, that you will profit or that losses can or will be limited in any manner whatsoever. No such promises, guarantees or implications are given. Past results are no indication of future performance.

 

 

 

December Corn & November Soybean Daily Numbers & Trade Ideas for 11/1/10

Nov 01, 2010

top1

This report was sent to subscribers on 10/31/10 11:30 p.m. Chicago time to be used for trading on 11/1/10. Everything is done by Howard Tyllas, no program or black box. December Corn & November Soybeans for 11/1/10:

After the close recap on 11/1/10: My resistance was 5.88, .02 3/4 from the actual high, and my pivot acted as support was 5.74 3/4, .02 3/4 from the actual low.

Subscribe now! Do yourself a favor and get your numbers after the market is closed to be used for the next session trading. Ask yourself how much would it have been worth to read my comments and get my numbers 14 hours before today's open outcry?

All charts and numbers for 11/2/10 have already been sent to subscribers at 5:20 pm. 

Sign up For Free 1 Day Trail of Daily Numbers & Trade Ideas

 Sign Up for Learn a better way to hedge for farmers

 

 

december corn 11 1 10

 

I continue to say "Post report high of $5.88 is resistance, and $6.08 3/4 is my key resistance. Recent lows support.

December Corn for 11/1/10:

Average trading range is $.17, but in order to use the recent high of $5.88 as resistance, I needed to use the closest support number. I look for the first support, pivot, or first resistance to be the high or low of the day.

In my daily corn numbers on Friday; my resistance was .05 from the actual high; my support was .03 from the actual low.  

New Subscribers:  Keep in mind that these are day trading numbers. They are equally to be used for swing trading and longer term trading time frames on the day I want to enter or exit my position. The charts are to be used for overall trade location looking for areas of price discovery of support and resistance levels. When the market does go to the charts longer term support or resistance levels such as bracket lines or longer term trend lines, I use my numbers on that day to enter or exit my position. The numbers do not tell you what to do, you are in control of that, but they will give you a framework to try and buy or sell at the best price for that day. For me it gives me a strategy and the best way I have found to discover the best price for entering or exiting my trade ideas.

If I have the exact numbers for the actual high and low of the day 12 hours in advance, the question has always been, how do I trade it? That is what I best describe in my numbers explanation. Any intuitiveness or nuances I trade, I would keep a journal to see if it is worthwhile overriding my plan. I rarely go against my explanation.

November Soybeans

 

november soybeans 11 1 10

I continue to say "Bull chart continues as long as the bracket line holds at $11.65, and key support from the gap at 11.28 1/4. Resistances are now found on the weekly continuation chart".

November Soybeans for 11/1/10:

I continue to say "Market needs to hurdle $12.23 1/2 to further the run higher". That was accomplished on Friday, now the market faces strong resistance at the bracket line near the gap of $12.43.

In my daily soybean numbers on Friday; my pivot acted as resistance and was .03 1/2 from the actual high; my support was .10 1/4 from the  actual low.  

Grains: Spot on to accurate grain numbers. New high closes in both soybeans and corn are encouraging, the charts point higher with only the recent high of $5.88 in December corn, and the bracket line and gap at $12.43 in November soybeans to hold them back.

A week from Tuesday we will get the USDA's latest, and I am interested what they will not only do with their production numbers, but the ethanol grind is what I think can lower the carryout and continue the bull market to a higher level. The downside for corn is a slow export pace, while soybean exports are at the highs for this marketing year. Higher production numbers, slowing exports, less usage, and something that causes the funds to want to liquidate much of their position, is the risk the bulls have. Nothing is certain and this is the year of surprises, so anything can happen. Like most of the reports, I do not want to have a position going into it at these price levels, unless I use a known risk strategy.

This week will feature trade guesses and position adjusting. Corn still faces the high of 2 weeks ago at $5.88 that should be hurdled if soybeans are above the bracket line and gap of $12.43 strong resistance. Above there is $6 with $6.08 3/4 being strong resistance. As I have said before, if we close above there a couple of days, the next big resistance is at $6.80. Corn gained $.22 last week, but the next $.22 will take us near strong resistance and will not be as easy. Above $12.43, soybeans will target the high of the front month contract in 2009 at $12.91 1/4 made in June. Corn should be at $6.08 if soybeans make it there.

Depending on the report being bullish, soybeans might gain on corn and be testing their next resistance trying to fill the gap at $13.32 left since August 2008. $14.90 let alone the all time high on the front month continuation chart reminds us that $16.63 was posted in July 2008.  Corn's high was posted in June of 2008 at $7.65. But by December 2008 it traded $2.90, while soybeans traded under $7.80. If we get a bearish report, $1 could come away from the current price quickly.

I want to day trade without bias today, but would trade minimum contract size on the buy signals. I would risk $.05 in corn and $.07 in soybeans on any trade idea. I have a hard time no matter the name on the chart to be pressing the upside at historic levels for longer than a day trade. After the report and if carryout is bullish enough, I would find it easier to play the long side looking for much higher prices. I will not bet the report shows that, but I will cheerlead for that result. The mere fact that I am mentioning what the all time high prices were, and the possibility of even just maintaining the current levels amazes me, and at the same time we are having one of the best crops ever.

Producers: 2011 crops are expensive as well I guess should be at these price levels. When you can lock in $1 protection for $.25 to .35 at these levels, it makes sense rather than if we were at $4 corn and $8 soybeans. If that $1 down is not needed and if they can go $1 higher, you are looking at not only a record price (for most) on the original hedge but you will have your crop back too! If we did have a shortfall in production next year and you can see that you are affected, then you need not do anything and the hedge is limited to ... SUBSCRIBE NOW! I look at it this way, I would rather pay $.35 for $1 protection down from this level, than get a $1 for free at the $4.50 level. I look at this as a business, I am not worried what costs are involved, I am worried about making money and keeping it. I do not want to be penny wise and dollar foolish. I do not want to gamble with my business more than I have to with the risk just being in business, gambling with my profits is something I try to limit. I want to lock in profits as I pursue more, so if the more does not come, I have kept the rest of my income.

 

Want to know what I think for tomorrow and going forward?

The 9 markets now covered daily are Soybeans, Corn, Crude oil, S&P, Euro FX, 30 yr TBond, Gold, and Nat gas Cattle.

My numbers usually are sent at least 12 hours (via your email) in advance of the next day open outcry session. Subscribers use them as best suited to their own needs and sometimes that involves the overnight trade.

 Find out why my subscribers from Canada, China, Czech Republic, Germany, India, Switzerland, South Korea ,Turkey  and the UK keep renewing this service.

HowardTyllas Daily Numbers & Trade Ideas cover 9 markets for less than $10 a day,

HowardTyllas Daily Numbers & Trade Ideas is designed to help you plan your trading strategies for the coming day.

$199.00 USD for each month, renewable monthly

HowardTyllas Daily Numbers & Trade Ideas $ 199.00

Feel free to email with any comments or question you:  www.howardtyllas@howardtyllas.com

www.farmerhedge.com 

www.howardtyllas.com          

www.futuresflight.com 

 

           May Your Next Trade Be The Best                          

                     Howard Tyllas            

BT  

Disclaimer:     No guarantee of any kind is implied or possible where projections of future conditions are attempted. Futures trading involve risk. In no event should the content of this be construed as an express or implied promise, guarantee or implication by or from Howard Tyllas, that you will profit or that losses can or will be limited in any manner whatsoever. No such promises, guarantees or implications are given. Past results are no indication of future performance.

 

 

 

 

12.65 1/2                             

12.43 FG               

--------------12.23 1/2       Pivot

12.04

11.99 XX

    Use same numbers as on 10/ 26 through 29 /10

Trend            

5 day chart...       Up from last week same day                                                

Daily chart   ....  Up                     

Weekly chart ... Up             

Monthly chart    Sideways   $9.81 1/4 is the 200 DMA

ATR 23 1/2         Overbought 84%  

 

6.00

5.88

------------- 5.81 1/2         Pivot

5.74 3/4

5.68         

5.61 1/2         

Trend                                   

5 day chart........       Up from last week same day                                                                                                                                                   

Daily chart   ......     Up                       

Weekly chart .......  Up            

Monthly chart ....    Up 4.19 is the 200 day ma

ATR 17                      Overbought 92%     

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