Sep 23, 2014
Home| Tools| Events| Blogs| Discussions| Sign UpLogin


February 2011 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.

March Soybeans Daily Numbers & Trade Ideas for 2/23/11

Feb 24, 2011

top1

This report was sent to subscribers on 2/22/11 2:20 p.m. Chicago time to be used for trading on 2/23/11. Everything is done by Howard Tyllas, no program or black box.

March Soybeans

After the close recap on 2/23/11: My resistance was 13.13, .08 1/2 from the actual high, and my support was 12.83, just 0.01 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?

If you are looking for a better way to hedge 2010 and 2011 crops, and want to work with Howard one on one, call or email Howard for more information. 

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

 Sign Up for Learn a better way to hedge for farmers  After you learn (No costs or fees) I will execute your hedges with you on the phone with a floor broker on the grain floor inside the pit trading. You will hear bids and offers and can direct or change your order.

                      

13.13                                    Resistance

--------------12.98             Pivot

12.83                                 near Key Uptrend Line

                           

                               

Trend      

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

Daily chart   ....  Sideways

Weekly chart ... Up

Monthly chart    Up           $11.49 is the 200 DMA

ATR 36 ½                            Extremely Oversold 1%

soybeans 2 23 11

 

Bracket line is resistance, uptrend line supports, below there the December low and then the November low supports.   

March Soybeans for 2/23/11

I said "If $13.50 goes, the next level of support is around $12.80, and then $12". 

2/23/11:

Grains: Spot on grain resistances, supports not helpful except in the night session when they were spot on too. Night session provided sell signals I wanted to take. I am proud I have insisted on my mindset regarding my approach to trading. You know it is all in the charts and the numbers I derive from them, not getting the fundamentals right. Since October the fundamentals were clearly bullish, but for me that has always just given me a bias to work with, but the charts have been bullish and numbers give me trade locations with clear parameters. I have warned for months about the funds huge position and when they want out for whatever their reason, we will come down hard. I think with the equities coming down it always causes "risk taking" to come off the board first and that are commodities. I said for 2/21/11 "No matter if early in the week or more probable after the AG Forum on Thursday and Friday, corn could rally to their resistance level of $7.31 (We got to $7.25 ¼). If corn can get to that level, I would sell any long I might still have on, and I would be getting short aggressively when nearing $7.XX. Not only would I have a contra trend short on in day and swing trade modes, but I would have known risk option strategies that would allow me to see if in fact we will pull back from that significant resistance level. I look at the +$7 area as a dangerous level to stay long at this point in time".

There was not much upside left, and I would not have risked more than what was left until my exit. I have said in many ways that in time we could go higher, and I did not expect these prices until after the March Intentions, but no matter the reason these are my strong resistance numbers and I would not be long near $7.31 and would have minimum hedge left to do. Whatever up and downside should be reflected in the strikes. I never risk $.15 to make $.07, but I will risk $.07 to make $.15, when at $7.25 that was the case. But in no way do I want to risk more than $.15 to make especially the last $.15. If I think I have an equal chance to get stopped out, I just get.    

Nothing changed fundamentally, exports were really good, but who looks at that on a day the funds and speculators are in "get me out" mode. Hard to say when the funds will be done selling, when they are done, they are done. My uptrend line at $6.70 is the low tonight so far, and this is where we were trading on the close synthetically using options. Corn is sitting just above the uptrend line tonight, and if you wanted to buy I would use a $.04 sell stop to protect.   

With my approach I risk $.04 in corn and $.07 in soybeans like today, and when the number holds I make money, when it does not I know my risk. There is nothing to think about, my thoughts are complete before I place an entry order, I have a target to take profits, and a stop to limit my loss. I NEVER care if I get stopped out on the high or low for the day, I care about losing more money in a losing trade than I should have, and that is a bad trade, not one that did not work. Since we are at support lines, I would use the numbers and trade without bias.

I did get a call and 2 emails from my producers telling me it felt good today knowing they are hedged, and they will keep an eye on buying more protection. I believe the Forum this Thursday and Friday will be bullish numbers, but the question is if we will be lower first and rally back to where we are now. And as I have said before, how much is it worth, charts are my guide, and we now have resistance numbers we know worked this time.  

2/22/11:

Grains: No trading on Monday but the numbers was for tonight and tomorrow's combined session as always. They would not change no matter if we were limit up or limit down or anywhere in between. In tonight's session as I write, soybeans traded past my first resistance number and the market stopped ½ way up to the second and final resistance for the day (and night). After that, the market broke and came down $.20 and stopped $.00 ¼ from my pivot support. We are now trading a few cents above the low now.

Corn opened $.01 ¾ above my pivot and rallied to $7.24 ¼ (new 2011 high) and that was $.01 below my first resistance number of $7.25 ¼ providing a sell signal risking $.04. After that the market broke down to below my pivot of $7.12 ¾ to $7.09 ¾. This means we have had nice opportunities no matter to buy or sell, using the numbers provided. There are many ways the numbers help you, like if you came in short and did not get out when the market opened above the pivot, and did not want to buy where you are supposed to be selling at the first resistance, you could have placed a buy stop just above the first or since the 2nd resistance was not far above you could have placed the buy stop just above there. Remember this would have been an overnight trade idea from Friday and a longer time frame than day trading, but when the resistance number held you could have waited and bought the pivot number to exit the trade or stay short with another chance. If you wanted to buy today and saw the market up so sharply, you could have placed an order to buy at the pivot and this time would have been filled, not like someone who wants to buy and would have entered the market higher because they did not have the parameters the numbers provide.

 It is obvious why grains opened higher and shot higher into the resistance numbers, crude oil! It's up $7 now and only $1.50 off its high. Grains opened higher, rallied sharply, and then puked all their gains. After leaving the toilet and feeling better, they (the market) realized with crude oil up $7 it is prudent to be at least a little higher on the night. The first point I want to make is that I have always told you and want to remind you once again, "I do not care what drives the market to my numbers, I want to try and take advantage of that opportunity and exploit it". I do not care if China was buying, the funds are buying, the dollar is weak, the moon is full and it is a Tuesday, if they get to my resistance number I want to sell, and if they get to my support I want to buy. How I day trade it depends on the chart location and in this case when at 2 year highs, I trade a reduced contract size when taking the buys than what I take on the sells. The numbers DO NOT TELL YOU WHAT TO DO, they tell me what to do because I have already told you (numbers explanation) of how I approach trading my numbers, that's me, I am not trying to convince you to trade the way I do, I just want you to know what I do, and the how and why I do everything. I might be bullish and you are bearish, and we could both make money on our trade idea or we can both lose money on our trade idea, it depends on the time frame we are in, and how we trade it. I am in day trading mode but as in grains and the S&P I have been longer term bullish. I have cautioned about pressing the grains upside at this price at this point in time. The bottom line is that no matter day trade, or you only use the numbers when at a chart location that you want to enter or exit a trade idea, YOU are using the numbers to help you in the best possible location to do so that day. So much tonight for "ways to use the numbers".

2/21/11:

Results for 2/18/11:

My soybean resistance was .03 ¼ from the actual high, my support was .13 ¼ from the actual low.

My corn resistance was .02 ¼ from the actual high; my support was .01 ½ from the actual low.

My nat gas resistance was .012 from the actual high; my support was .016 from the actual low.

My crude oil resistance was .11 from the actual high; my support was .16 from the actual low.

My 30 yr. bond resistance was 4 from the actual high; my support was 4 from the actual low.

My gold resistance was $2.10 from the actual high; my support was $2.60 from the actual low.

My S&P resistance was 3.75 from the actual high; my support was 4.25 from the actual low.

Grains: Spot on corn numbers, spot on soybean resistance but support was blown away. For the week corn posted gains of $.03 ¼, but soybeans lost $.48.

Last weekend I said and can say again for this coming week "Corn acted very well and posted a new high for the run and closed strongly. You know exactly what I think about corn and soybeans having spelled it out well this week. Soybean old crop was a burden to the market this week, and it is up to the funds as to what extent the liquidation will be while at record levels. My tilt is this; old crop soybeans will drag down the new crop until the old crop finds support. The spread will continue to narrow maybe another $.20 (it narrowed another $.10 on Friday) (lost another $.12 ½ the week ending 2/18). New crop corn daily this week became more profitable than soybeans to plant, and with higher corn prices underpins new crop soybeans which will eventually support old crop soybeans. Yes, maybe soybeans will pull back corn, but underlying strength in corn will soften the correction. If that is the case that corn will draw acres away from soybeans, new crop soybeans will fall short of forecasted production and will change their balance table for 2011/12 bullish. That, as well as it needs to compete with high priced cotton should support new crop soybeans. If soybeans lose acres, we could add another $1 to November futures from here" (would be $14.80 SX).

Old crop corn made a new 2011 high on Friday (new crop did not) but closed lower on the day which bodes well for another down day to follow on Tuesday (market is closed on Monday). The market managed to close the week slightly higher, but if it had closed lower for the week too, that would have been bearish. A retest of last week's corn low is in the cards if soybeans are lower, but if and whenever soybeans trade below $13.50, that should push corn bears to pursue the uptrend line that comes in near $6.70 this week. $12.80 soybeans should drag down corn to $6.40.

No matter if early in the week or more probable after the AG Forum on Thursday and Friday, corn could rally to their resistance level of $7.31. If corn can get to that level, I would sell any long I might still have on, and I would be getting short aggressively when nearing $7.--. Not only would I have a contra trend short on in day and swing trade modes, but I would have known risk option strategies that would allow me to see if in fact we will pull back from that significant resistance level. I look at the +$7 area as a dangerous level to stay long at this point in time.

I am still bullish corn longer term based on the current fundamentals. Current is the key because in time "current" becomes a thing of the past and fundamentals could remain the same or change dramatically in a short period of time. Look at the last page, on 10/11/10 I said "Talk about a surprise, I was again shocked when I read the numbers. This time the USDA took away 496 million bushels off of this year's corn production from their last month's estimate. They did add 258,000 acres to what they believe will be harvested, but with the yield being reduced 6.7 bushel per acre from 162.5 to 155.8, that was the biggest reduction in 31 years." March corn closed at $5.65 that day. The reason I point this out, is that fundamentals change no matter bullish or bearish. I already was convinced and forecasted successfully if spot month corn could get above $4.54 for whatever the reason, nothing was there to stop a price rise to $5.42. This  10/11/10 report lowering yield and production 496 million bushels was the reason I had stayed bullish from that day on, and I said that rationing was necessary and that meant higher prices from whatever price we were at the time. This is why I forecasted a target of $6.60 to $6.80 based upon the charts. The fundamentals might give you a clue as to what the price should be, but cannot tell you the price the pendulum can overshoot that "price value". In the case of grains in 2008 and 2011, that bullish swing could be dollars higher than what will become "fair value" at harvest or next year.    

I look at any pullback in corn to still be a buying opportunity at key chart support areas. I will see what the Forum thinks about acreage (among other things) but know more is needed to take some pressure off of the tight stocks situation. SA could be accomplishing that now and although we are aware that things are improving there, we might still have some "price premium" built into corn until more is known. I think the AG Forum will produce friendly or bullish numbers for corn. Even though I think corn will work lower if for no other reason weakness from soybeans and wheat, I think we will not see a major break before the March 31st Planting Intentions Report.

The reason I tell my producers to hedge here as well as speculators to take profits and reduce positions, or have some kind of risk strategy in place, is that to me it does not matter what got grains to this level, I want to take the advantage of the chart location. If hedged enough, or have a small position as a speculator, if they go higher you make money, and if they go down you are in a position to now enter a new position. It was pretty clear in October that we should go higher, but how high is high, $.20, $.50, and that is a part of this "game of chance".

I want to adjust my corn call position a little more bullish when the market comes down to a support level, but unless fully hedged I would not do this. If you have hedged only 75% of your crop let's say of 40 contracts, that means you are long 10 contracts or $500 a $.01 or $50,000 for a $1 move. To me, the producers look at it as the same 10 that they are usually long at this time of the year, but what they must realize is that we are at $6+ December corn, not $4. Looking at $6 and locking in $6 is two different things. As long as you realize the gamble (hedge or spec) and you are comfortable with your wager, I certainly have no problem with that. Going forward if we see more acres than thought planted and a bumper crop, we could easily see a $2 or $3 drawdown from here, or poor weather and low yields and less harvested acres than thought, we could see prices skyrocket to nosebleed levels. The upside will never be a problem to the bulls, but the downside can bankrupt them. So the more you are hedged the more you can adjust your position and get some upside cheaply when the market is down. With the minimum amount of put protection already taken it is hard to XXX at this time. What I would like to do is ... Subscribe now!. I have done well to remain bullish until $7, and as I have said before, I am cautious at this price level and I want to stand aside until the market rallies to my resistance or breaks to my support ($.-- either way from here), and I would just day trade only until then.     

Corn chart is  SUBSCRIBE!

Soybean chart is Subscribe!

Because we are at lofty levels and corn did have a sell signal resulting from Friday's action, I want to trade the corn numbers and take the sell signal only today and risk $.04 using a buy stop to protect. Since we are nearing crucial support in soybeans and we are trading spot on chart wise (I was using $13.57 FG since we have been above there as support, and was the exact low for last week), I want to trade the soybeans numbers without bias today and risk $.07 on any trade idea using a stop to protect.        

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

The 7 markets now covered daily are Soybeans, Corn, Crude oil, S&P, 30 yrTBond, Gold, and Nat gas

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.

 

 

 

March Soybeans Daily numbers & Trade Ideas for 2/15/11

Feb 16, 2011

top1

This report was sent to subscribers on 2/15/11 2:10 p.m. Chicago time to be used for trading on 2/16/11. Everything is done by Howard Tyllas, no program or black box.

March Soybeans

After the close recap on 2/16/11: My pivot acted as resistance and was 14.06 1/4, .03 from the actual high, and my support was 13.64 1/4, just .00 1/2 from the actual low.

All Results for 2/15/11:

My soybean resistance was .03 from the actual high, my support was .00 ½ from the actual low.

My corn resistance was .02 ¼ from the actual high; my support was .06 ¼ from the actual low.

My nat gas resistance was .010 from the actual high; my support was .029 from the actual low.

My crude oil resistance was .09 from the actual high; my support was .01 from the actual low.

My 30 yr. bond resistance was 5 from the actual high; my support was 10 from the actual low.

My gold resistance was $3.10 from the actual high; my support was $0.70 from the actual low.

My S&P resistance was .50 from the actual high; my support was 5.75 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

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

 Sign Up for Learn a better way to hedge for farmers  After you learn (No costs or fees) I will execute your hedges with you on the phone with a floor broker on the grain floor inside the pit trading. You will hear bids and offers and can direct or change your order.

                     

14.20                   near Uptrend Line (Resistance now)

--------------14.06 ¼            Pivot

13.92 ½                        

13.78                                  

13.64 ¼          

Trend     

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

Daily chart   ....  Up

Weekly chart ... Up

Monthly chart    Up           $11.39 is the 200 DMA

ATR 25 ¼                           Extremely Oversold 9%

soybeans 2 15 11

I still say "Notice how the uptrend line was perfect support on Friday, and now is pivotal. Daily numbers resist, and daily numbers support. Bears will target $13.60 if below the uptrend line".

March Soybeans for 2/15/11

I said "Bulls remain in control as long as the uptrend line holds which is near $14.14 today". They lost control on Monday. Now the uptrend line acts as resistance and is $14.18 on Tuesday.        

In my daily soybean numbers on Monday; my pivot acted as resistance and was .07 ¾ (only .03 in open outcry) from the actual high; my support was .00 ¾ from the actual low.     

Grains: Spot on corn numbers, and spot on soybean and accurate resistance numbers. My call for $14 soybeans and $7 corn this Friday looks spot on for now, and it looks like the market will be within $.10 from there. I could talk about poor export numbers again today, and USDA baseline numbers (compiled in November) added about 1 million acres to be planted for corn, with corn and soybean total acres planted at 170 million acres (2 million more than 2008), as factors for the downturn.

I will wait for the Agricultural Outlook Forum on 2/24 & 2/25/11 for a better picture of supply/demand and their guess at planted acreage for 2011. Baseline soybean yield forecast was only 43.5, but I would expect more because of the yearly increase in production yield due to better inputs such as seed. March Planting Intention Report will confirm or deny acreage being forecasted now, and if there are less planted acres for soybeans, there will not be too much room for error in production. November soybeans would lead the charge higher, but I am talking in April and much can happen until then. USDA baseline forecasted corn 2011/12 carryover at 1.127 billion bushels which if realized would be very bearish from these price levels.

Soybean chart action is negative and bears will be pressing to test the $13.60 support level in time, corn at $6.74. Corn made a new high and closed lower which is negative near term. The risk to the downside which has always been real and now seems a little closer to the possibility that we could correct before the next upturn in April to new highs (if fundamentals warrant it then).

Overnight grains are in "turnaround Tuesday" mode, and if we can get near resistance I would like to take the sell signal and risk $.04 in corn and $.07 in soybeans using a buy stop to protect. I am not interested in taking the buy signal today, but if soybeans can close above their uptrend line today, I would take the buy signals on Wednesday. Choppy action of up and down days could be the tone leading up to Friday and my projection of $14 March soybeans and $7 corn.

Corn and soybean option spreads are getting more reasonable, but still expensive. Make sure you are comfortable with your position no matter if bullish or bearish, and make sure your position is in sync with what you write in your journal. Buying .... SUBSCRIBE NOW!

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

2/14/11:

Grains: Spot on soybean numbers and accurate corn numbers. Corn acted very well and posted a new high for the run and closed strongly. You know exactly what I think about corn and soybeans having spelled it out well this week. Soybean old crop was a burden to the market this week, and it is up to the funds as to what extent the liquidation will be while at record levels. My tilt is this; old crop soybeans will drag down the new crop until the old crop finds support. The spread will continue to narrow maybe another $.20 (it narrowed another $.10 on Friday). New crop corn daily this week became more profitable than soybeans to plant, and with higher corn prices underpins new crop soybeans which will eventually support old crop soybeans. Yes, maybe soybeans will pull back corn, but underlying strength in corn will soften the correction. If that is the case that corn will draw acres away from soybeans, new crop soybeans will fall short of forecasted production and will change their balance table for 2011/12 bullish. That, as well as it needs to compete with high priced cotton should support new crop soybeans. If soybeans lose acres, we could add another $1 to November futures from here.

As far as the outside markets to keep an eye on is the $85 mark in crude oil I talked about before the start of this year, as well as a stronger dollar, not day to day mind you, but week by week or month by month.

I still think corn will be around $7 this Friday when the March options expire. All but a few March call contracts have been rolled to an average of $7.20 April calls, as my producers watch in amazement as corn climbs higher and possibly add another $.20 or $.30 more in profits .... SUBSRCIBE NOW!

What I would need to do is...... SUBSCRIBE  

I am skittish to buy corn at these levels, but I would trade the numbers without bias using a smaller contract size on the buy signals on Monday. I want to trade the numbers and risk $.04 on any trade idea. I really would like to be an aggressive seller if we get near $7.31 this week, $6.60 looks to be good support.

I still think soybeans will be around $14 this Friday; at least I am keeping this in mind. Uptrend line is pivotal on Monday, and if the market gaps lower below that line it will not be good for the bulls. Gap higher could occur with follow through strength from corn, and that would make the uptrend line key support, but I would use a sell stop just below Fridays low at $14.09 ¾ to protect. I want to day trade the numbers without bias on Monday and risk $.07 on any trade idea. As far as the outside markets to keep an eye on is the $85 mark in crude oil I talked about before the start of this year, as well as a stronger dollar, not day to day mind you, but week by week or month by month.

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

The 7 markets now covered daily are Soybeans, Corn, Crude oil, S&P, 30 yrTBond, Gold, and Nat gas

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.

 

 

 

MARCH SOYBEANS DAILY NUMBERS & TRADE IDEAS FOR 2/10/11

Feb 11, 2011

top1

This report was sent to subscribers on 2/9/11 4:20 p.m. Chicago time to be used for trading on 2/10/11. Everything is done by Howard Tyllas, no program or black box

 March Soybeans

After the close recap on 2/10/11: My pivot acted as resistance and was 14.55 3/4, .00 3/4 from the actual high, and my support was 14.34 1/4, .04 1/4 from the actual low

All Results for 2/10/11:

My soybean resistance was 00 ¾ from the actual high, my support was .04 ¼ from the actual low.

My corn resistance was .03 ½ from the actual high; my support was .07 ½ from the actual low.

My nat gas resistance was .003 from the actual high; my support was .015 from the actual low.

My crude oil resistance was .21 from the actual high; my support was .08 from the actual low.

My 30 yr. bond resistance was 17 from the actual high; my support was 16 from the actual low.

My gold resistance was $2.40 from the actual high; my support was $3.20 from the actual low.

My S&P resistance was 1.00 from the actual high; my support was 2.50 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?

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

 Sign Up for Learn a better way to hedge for farmers After you learn (No costs or fees) I will execute your hedges with you on the phone with a floor broker on the grain floor inside the pit trading. You will hear bids and offers and can direct or change your order.

14.88

14.70 FG XX                    near Top Channel Line

--------------14.55 ¾          Pivot & 2011 Contract High

14.41 ½                        

14.34 ¼ FG                       

         

Trend    

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

Daily chart   ....  Up

Weekly chart ... Up

Monthly chart    Up           $11.32 ½ is the 200 DMA

ATR 24 ½                        Extremely Overbought 92%

 

soybeans 2 10 11

I adjusted the top channel line (red) which acts as resistance. Uptrend line supports, weekly chart resists.

 March Soybeans for 2/10/11

I still say "Bulls remain in control as long as the uptrend line holds which is near $14.05 today".        

In my daily soybean numbers on Wednesday; my resistance was .03 ¼ from the actual high; my pivot acted as support and was .05 from the actual low.    

2/10/11:

Grains: Spot on grain numbers! CORN: After the USDA took away 70 million bushels from the corn stocks (-61 million from the average trade guess), corn opened sharply higher and found sellers at my second resistance number of $6.95, and within 20 minutes witnessed a $.08 ¼ pullback. 30 minutes later we made new highs and the rest of the day my resistance number of $6.95 became perfect support.

They did add 50 million bushels to the ethanol grind usage to 4.95 billion bushels, and I am still looking for another 50. They also added 20 million bushels for feed/residual use. Carryout now estimated at 675 million bushels could go lower. On Monday the USDA will release its 10 year baseline projections through 2020/21. They do this to help with budgeting. On February 24 & 25 the USDA meets in their annual Agricultural Outlook Forum for 2011/12 projections which could differ from their baseline projections. The bottom line is the carryout numbers.

SA and world numbers I do not want to give time to right now, nothing there but I could spin it a little bearish. What I want to say is that going to $7 I forecasted on 1/17/11 as more than possible, and on 1/27/11 I said that higher prices could be seen by the spring or summer. But here it is early February with $7 corn already. Taking away 70 million bushels means that the price in the recent past has not helped curtail demand yet. Ethanol grind has come down 2 weeks in a row but still at a 5 billion bushel pace. So how much higher can we go on the current fundamentals? I as well as anyone else do not know that answer by looking at fundamental numbers. That is why I really do not care about the fundamentals for price discovery, and use my charts precisely for that reason. I view the market now exactly as I did this weekend (2/7/11) when I said:  

"My target of $6.80 has officially been claimed. Now it is pivotal, and a few closes above there would allow the next objective to be....  SUBSCRIBE NOW! .....is a decent risk reward, but at this location being ahead of historic highs at this time, is not as favorable or is it an easy task. Selling in day trade mode has not been hard and has had many opportunities, but holding a sell for any length of time has been like salmon swimming upstream or worse. Except for the $.95 break in November and 2 $.40 breaks since then, have the bears had the chance to profit on a swing trade".   

I have only 2008 to compare price to, as well as other years of supply to usage ratios, and we are ahead of those years in price comparisons. My wisdom and experience tells me that December corn should be well supported on corrective breaks until acreage is secure and favorable weather is in the forecast. The price parameters I outlined in the above paragraph I believe is where we will trade until the March planting intentions report.

Option strategies we are using could not be better, and if I have time I will go into more of my thoughts and observations, and ways for you to roll your old crop hedge. Old crop option strategy begged for the market to go higher and add profits to the hedge, and with the roll to April trying to get more money to the upside as well as protect the price of $7. New crop hedges lost on average less than $.01 ½ on Wednesday, and has allowed almost every hedge to get another $.50 in profits from their original hedge if today was the last trading day of the December options. NOW as always, is the time to reflect your thoughts that you are writing down in your journal as to what you think about the market, and the position you want to have going forward from here! Do not be the old lady at the racetrack who says after the race is over, that they knew the horse was going to win, but did not bet on it when they had more than enough time to place the bet. Subscribe now!.... Producers on my book work 1 on 1 with me on their March to April and May roll, and I reflect the proper strategy after listening to their thoughts and ideas.

SOYBEANS: Soybean and wheat numbers were left unchanged for carryout which were slightly higher than the average trade guesses. Soybeans rode the bullish corn numbers to their own benefit if for no other reason than the battle for acreage. Like corn, in open outcry soybeans opened sharply higher and found sellers at my second resistance number at $14.52 ½ (high at the time was $14.54) and within 10 minutes traded down to $14.36 ¼ barely higher on the day. The buy stop was never threatened and the reward could have been taken making twice what was risked in doing so.

China has stockpiled 16.6 million metric tonnes (MMT) down 2 MMT from last year, compared to 9 MMT 2 years ago. The US has only 3.8 MMT which is tight for us. World ending 2010/11 stocks are projected at 58 MMT which is down 2 MMT from last year, but well above 2008/09 stocks of only 44 MMT.  

Like corn, I think soybeans will be well supported on breaks until at least Planting Intentions report on March 31st, and maybe into the planting season until the crop gets off to a good start, and then the downfall will begin, no matter what price we start from. This is the hard part; at what time in the growing season with decent weather will the deep correction begin? I will rely on my charts for a level, and a clue to when from the charts. I really do not care if I get it wrong a few times risking $.07 each time, when in one day when the resistance holds I will be able to more than make up for the losses when the resistance did not hold and I was stopped out.  

Tonight we are in a narrow trading range on decent volume, and I expect orderly trade with some corrective action in the near term. The news is out, we have digested the numbers, and now it's back to the price action and charts for me to get trade ideas. I want to use the numbers to take the sell signals only today and risk $.04 in corn and $.07 in soybeans using a buy stop to protect.

2/9/11:

Grains: Spot on corn numbers, and spot on soybean support and accurate resistance number. New contract corn high on Monday but closed lower boded well for another down day to follow on Tuesday, indeed it did although by only $.01. Both markets were under pressure but when open outcry let the wheat bull dogs out, the tone changed for soybeans and corn.

At this point in time the charts are bullish but at resistance levels, the bears are leery of selling the market, and not much is expected to change the bullish fundamentals now or in the near future. I see no sign of rationing that will stop the tightening of stocks. The need for crops to compete for acreage will continue and the only way to do that is in their price in relation to the alternative crop choices. There are 2 things that cause a rally, demand and tightness of stocks. Good demand and big stocks produce short term rallies, but good demand amid tight supplies will produce long term rallies capable of explosive rallies and huge setbacks.

I will send you my comments about an hour after the report comes out at 7:30am Chicago time, and the link to the report after I post it. Unless a surprise, I am more interested in how the market reacts than the report itself. For my producer's sake and "who does not like a bull market", I want and we could see the markets go higher. Like any day I would use the numbers to day trade, and risk $.05 in corn and $.08 in soybeans today on any trade idea using a stop to protect. If there is a surprise I will update my trade idea when I send my report comments.    

Since March options expire a week from Friday, you should read my commentary from 1/17/11 on page 20 today. You now have the same opportunities and strategies that allow you to reflect your mindset on the roll. My producers will be rolling to selling April calls. I have suggested selling April $7.20 calls. You can buy back your March calls and take profit, and then sell the April, or you can do it as a "calendar spread".    

2/8/11:

Grains: Spot on soybean support and accurate resistance, corn resistance was spot on and the support was accurate. Having another down day in soybeans was no surprise with my comment over the weekend saying that this chart is a sell, as well as the top channel line providing an excellent selling opportunity when the market was higher. I also said corn was a sell if below $6.80. Corn sat just below the pivot in open outcry since the open and even traded the pivot an hour after the open providing a sell signal. Corn support number was not reached, but up to $.10 profit was seen before the close while only risking $.04 on the trade idea.

Today is the day before the report and is the day you should adjust your position to make yourself comfortable. I do not expect any surprise though. I am encouraged that they are hanging around my resistance, but unless above $6.80 I do not want to play the long side here. I am friendlier new crop corn and soybeans than old, and at this time I feel the market can go higher but not with the ease it had on the last $1 in gains. Correct first and stay at a lower level until planting intentions is my thought at this time, but as I have said before, if we can get above $6.80 my thoughts turn bullish in price once again.

Subscribe now! ......but the bottom line on which strategy to use is based upon your thoughts on where the market is going to and when. When you have a conviction, knowing what option strategy to use becomes easier with basic option knowledge. Through observation and experience you will be able to compare the difference. 

Instead of buying the December ....             

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 7 markets now covered daily are Soybeans, Corn, Crude oil, S&P, 30 yrTBond, Gold, and Nat gas

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.

 

 

 

.

WASDE REPORT FEBRUARY 9,2011

Feb 09, 2011

top1

WASDE Report February 9, 2011

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

 Sign Up for Learn a better way to hedge for farmers

OILSEEDS: U.S. soybean supply and use projections for 2010/11 are unchanged this month, leaving ending stocks at 140 million bushels. Although soybean export shipments are only modestly ahead of last year=s pace, record sales through the first 5 months of the marketing year are expected to result in stronger gains in the second half of the marketing year. Continued strong soybean meal export competition this spring, especially from Argentina, is expected to leave U.S. soybean crush well-below 2009/10 levels. Soybean oil exports are increased to 2.8 billion pounds reflecting continued strong export sales. Although soybean oil used for biodiesel during the first quarter of the marketing year was the lowest in 6 years, projected use for 2010/11 is unchanged from last month as biodiesel production is expected to accelerate due to the 2011 mandate and the return of the $1.00 per gallon blending credit. The U.S. season-average soybean price range for 2010/11 is projected at $11.20 to $12.20 per bushel, unchanged from last month. Soybean oil prices are forecast at 51 to 55 cents per pound, up 3 cents on both ends of the range. Soybean meal prices are forecast at $340 to $380 per short ton, up 20 dollars on both ends of the range. Soybean product prices are raised this month based on strong year-to-date prices.

Global oilseed production for 2010/11 is projected at 441.8 million tons, up 1.4 million tons from last month. Foreign production, projected at 341.3 million tons, accounts for all of the change. Brazil soybean production is forecast at a record 68.5 million tons, up 1.0 million tons from last month as timely rains in the southern producing area have raised yield prospects. Paraguay soybean production is also projected higher this month. Argentina soybean production is projected at 49.5 million tons, down 1 million. Despite widespread rains since mid-January, the extended dry period during planting and early crop development reduced yield prospects. Other changes include higher soybean and sunflower seed production for Ukraine, and increased peanut production for China. Palm production is raised for Indonesia and lowered for Malaysia.

COARSE GRAINS: U.S. corn ending stocks for 2010/11 are projected 70 million bushels lower this month with higher expected food, seed, and industrial use. Corn used for ethanol is projected 50 million bushels higher on a higher-than-expected November final ethanol production estimate and weekly ethanol data that indicate record output for December and January. Rising corn prices have reduced spot margins relative to variable costs to breakeven levels in recent weeks; however, ethanol blender incentives remain in place and export demand prospects remain strong with sugar-based ethanol uncompetitive at current sugar prices. Corn costs for many ethanol producers and other end users may also be below spot values to date as a substantial portion of this year's crop appears to have been forward priced. The continuing wide spread between reported monthly prices received by producers and substantially higher cash market bids can be explained by farmer deliveries of corn priced last year when prices were well below current levels. Corn food, seed, and industrial use is also projected higher for 2010/11 due to rising prospects for production of sweeteners and starch. Corn used to produce high fructose corn syrup (HFCS) is projected 15-million-bushels higher reflecting strong shipments of the corn-based sweetener to Mexico. Demand for HFCS has grown in Mexico as sugar exports to the United States have increased. Corn used for starch is also raised 5 million bushels based on the improving outlook for industrial output in the United States. Ending corn stocks for 2010/11 are projected at 675 million bushels. This month's projections lower the stocks-to-use ratio to 5.0 percent, the same as in 1995/96-the last time ending stocks fell to multi-year lows. Corn prices rose sharply in the spring and summer of 2006 to ration usage ahead of the 2006 harvest.  The 2010/11 marketing-year average farm price is projected at $5.05 to $5.75 per bushel, up from $4.90 to $5.70 per bushel last month.

Global 2010/11 coarse grain supplies are projected 4.4 million tons lower this month with smaller beginning stocks and production. Coarse grain beginning stocks are reduced 2.4 million tons mostly reflecting lower corn carry in Brazil and lower barley carryin in Saudi Arabia. Higher 2009/10 corn exports for Brazil and lower 2009/10 barley imports for Saudi Arabia drive these changes in 2010/11 supplies. Global 2010/11 corn production is lowered 1.8 million tons with reductions for Argentina and Mexico. Argentina production is lowered 1.5 million tons as continued dryness through mid-January further reduced yield prospects in the country's central growing areas. Mexico production is lowered 0.5 million tons on lower reported area. Partly offsetting are small increases for the Philippines and Zimbabwe. Corn, barley, and rye production are all lowered slightly for Ukraine based on the latest government estimates. Changes in global 2010/11 coarse grain trade are mostly offsetting. Corn exports are reduced 1.5 million tons for Argentina with the smaller crop. Corn exports are raised 0.3 million tons for Canada and 0.1 million tons for Paraguay. Corn imports are reduced for South Korea and Mexico, but raised for EU-27. South Korea corn imports are reduced an additional 0.5 million tons this month as efforts to contain the recent outbreak of foot-and-mouth disease further reduce feed demand. Barley exports are raised 0.3 million tons for Canada with a similar increase in imports projected for Saudi Arabia. Global corn consumption is raised slightly, mostly reflecting the increase in food, seed, and industrial use in the United States. Corn feeding is raised for EU-27, but lowered for Canada and South Korea. Global corn ending stocks for 2010/11 are projected 4.5 million tons lower with most of the decrease in Brazil and the United States.

WHEAT: U.S. wheat supply, use, and ending stocks projections for 2010/11 are unchanged this month. While the all-wheat projections are unchanged, several offsetting by-class adjustments are made to exports and domestic use. Exports of Hard Red Winter (HRW) and White wheat are each projected 10 million bushels higher. Hard Red Spring (HRS) wheat exports are projected 20 million bushels lower. Domestic use is projected 10 million bushels lower for HRW and 10 million bushel higher for HRS. The marketing-year average price received by producers is projected at $5.60 to $5.80 per bushel, up 10 cents on the lower end of the range. Continued gains in cash and futures prices boost the farm price outlook for the remainder the marketing year. Global 2010/11 wheat supplies are reduced slightly this month reflecting a 0.4-million-ton downward revision to Ukraine production based on the latest government estimates. Global wheat trade is reduced slightly with small reductions in imports for Syria, Iraq, and Pakistan, mostly offset by an increase for Bangladesh. Exports are lowered for EU-27 and Ukraine, but raised for Canada and Pakistan. These changes largely reflect the pace of sales and shipments reported to date. Global 2010/11 wheat consumption is nearly unchanged with higher expected food use offset by reduced wheat feeding. Food, seed, and industrial use is raised 0.5 million tons each for Argentina and Bangladesh, but lowered 0.2 million tons for Canada. Wheat feeding is lowered 0.4 million tons for Canada and 0.2 million tons for Iraq. Global ending stocks are projected 0.2 million tons lower with reduced stocks in Argentina, Pakistan, and Syria mostly offset by larger stocks in EU-27, Ukraine, and Kazakhstan.

RICE: No changes are made on the supply side of the U.S. 2010/11 rice supply and use balance sheet. On the use side, the export forecast is lowered 1.0 million cwt from a month ago to 116.0 million. The long-grain rice export projection is lowered 1.0 million cwt to 78.0 million, and combined medium- and short-grain export forecast is unchanged at a record 38.0 million. Rough rice exports and combined milled- and brown-rice exports are each lowered 0.5 million cwt from last month to 43.0 million and 73.0 million, respectively. The reduction in the export projection is due primarily to the slower-than-expected pace of sales and shipments to date to Central America, Venezuela, and Sub-Saharan Africa. The decrease in the export forecast resulted in an increase in ending stocks of 1.0 million to 52.8 million, the largest stocks since 1985/86.

The 2010/11 long-grain, season-average price is projected at $10.75 to $11.25 per cwt as the range is narrowed 25 cents per cwt on each end with the midpoint unchanged at $11.00 per cwt. The combined medium- and short-grain price is projected at $16.75 to $17.25 per cwt, down 25 cents per cwt on the low end of the range and a decrease of 75 cents per cwt on the high end with the midpoint lowered 50 cents per cwt to $17.00 per cwt. The all rice seasonaverage price is forecast at $12.15 to $12.65 per cwt, up 15 cents per cwt on the low end of the range, but down 35 cents per cwt on the high end with the midpoint lowered 10 cents per cwt to $12.40 per cwt. The price projections are based on National Agricultural Statistics Service reported prices through mid-January and expected prices the remainder of the marketing year. Global 2010/11 projections of rice production, consumption, and ending stocks are lowered from a month ago, and trade is increased. The decrease in the global production forecast is due mostly to reductions in Indonesia, the Philippines, Japan, and Sri Lanka partially offset by increases for Cambodia and Uruguay. Indonesia's rice crop is forecast at 37.5 million tons, down 500,000 tons from last month due to an expected decrease in average field and milling yields. According to the U.S. Agricultural Counselor in Jakarta, the lower field and milling yields were caused by excessive rains during the growing season. Severe flooding in Sri Lanka has damaged the 2010/11 rice crop. The reduction in the Philippine and Japanese rice crops are due to a decrease in average field yields based on official government estimates. Global consumption is lowered primarily due to reductions for Cambodia, the Philippines, and Sri Lanka. World exports are raised by 0.5 million tons primarily due to increases for Australia, Brazil, Cambodia, and Uruguay, partially offset by a reduction for the United States. Higher import forecasts for Bangladesh, Indonesia, and Vietnam are partially offset by a reduction for the Philippines. Global ending stocks are lowered by 0.5 million tons to 93.9 million based primarily on reductions for Japan, Pakistan, the Philippines, Sri Lanka, and Thailand.

SUGAR: Projected U.S. sugar supply for fiscal year 2010/11 is increased 139,000 short tons, raw value, from last month. Cane sugar production in Florida is reduced 100,000 tons, based on processor forecasts. Imports are increased 239,000 tons, mainly due to the pace to date. Higher imports both from Mexico and under the re-export program more than offset reduced imports under the tariff rate quota (increased shortfall). The pace of exports and domestic use reported in the Farm Service Agency=s Sweetener Market Data through December are higher than expected, leading to an increase of 200,000 tons in total use. For Mexico, 2010/11 imports are increased 65,000 metric tons, raw value, matching the increase in U.S. exports. Domestic use is reduced 106,000 tons to reflect increased substitution by corn sweeteners. Higher imports and lower domestic demand and ending stocks are the basis for raising Mexico=s exports by 194,000 tons.

LIVESTOCK, POULTRY, AND DAIRY: The estimates of 2010 red meat and poultry production are adjusted from last month to reflect December production estimates. The production forecasts for 2011 are raised for beef, broilers, and turkey, but lowered for pork. Cattle placements during December were large and will result in higher-than-previously forecast slaughter in mid-2011. In addition, cow slaughter in the first half is expected to reflect currently high cull-cow prices. Cattle weights are also forecast slightly higher in the first half. Broiler production forecasts are raised for the first quarter to reflect relatively heavy broiler weights. The turkey production forecast is raised as hatchery data points to a slower pace of contraction. Pork production is reduced slightly for the first quarter of 2011 as lower hog slaughter more than offsets continued high carcass weights. The forecast of egg production is raised from last month as demand for eggs remains firm. The forecast for beef exports for 2011 is raised from last month primarily on larger expected exports to Asia. The forecast of beef imports is reduced as tight supplies in several exporting countries and a relatively weak U.S. dollar limit shipments. The pork export forecast for 2011 is raised largely due to expected increased sales of pork to Korea as herds have been culled due to foot-and-mouth disease. The broiler export forecast is raised for 2010 but the 2011 forecast is unchanged from last month. The cattle price forecast for 2011 is raised to reflect continued strong demand for relatively tight supplies of cattle. Hog prices for 2011 are forecast higher on stronger demand. The broiler price forecast is lowered on larger supplies of broilers and competing meats. The milk production estimate for 2010 and forecast for 2011 are raised from last month. Supply and use estimates for 2010 are adjusted to reflect production and stock estimates for December. Milk production is forecast higher for 2011 based on higher-than-expected January 1 dairy cow and dairy replacement heifer estimates. Import and export forecasts are unchanged from last month. Product prices are forecast higher this month. Strong international demand, coupled with improving domestic demand is expected to help support prices. Butter prices are also benefitting from tight beginning stocks. Class III and Class IV price forecasts are raised to reflect higher product prices. The all milk price is forecast to average $17.70 to $18.40 per cwt for 2011.

COTTON: The 2010/11 U.S. cotton supply and demand estimates are unchanged from last month. The forecast for the average price received by producers of 79 to 84 cents per pound is raised 1 cent on the lower end and lowered 2 cents on the upper end of the range. The 2010/11 world cotton supply and demand estimates show marginal revisions from last month. Production is reduced for Uzbekistan, while consumption is lowered for Bangladesh and Taiwan but raised for Uzbekistan. The world ending stocks forecast is unchanged at 42.8 million bales.

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

The 7 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.

 

 

Log In or Sign Up to comment

COMMENTS

Receive the latest news, information and commentary customized for you. Sign up to receive Beef Today's Cattle Drive today!. Interested in the latest prices for cattle in your area? See highlights of the latest for-sale cattle in the Cattle-Exchange eNewsletter.

Hot Links & Cool Tools

    •  
    •  
    •  
    •  
    •  
    •  
    •  

facebook twitter youtube View More>>
 
 
 
 
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