Grain Market Outlook (11.26.18)

Published on: 14:03PM Nov 26, 2018

Grain Express

 

November 26, 2018

 
 

 Corn (March)

 

Last Week’s Close:  March corn futures finished Friday’s session down 2 cents, extending losses for the week to 5 cents.  Due to Thanksgiving last week, the release of the weekly Commitment of Traders report has been pushed back to this afternoon (typically released on Friday’s).

 

Fundamentals:  With December options off the board the focus will be on March futures with December futures going into first notice day Friday.  If you don’t want to risk delivery you will need to roll or close positions out before the close Thursday. 

 

Technicals:  Corn futures have been slowly giving back ground over the last week as the lack of bullish fundamentals have led to....To get our full report emailed to you each morning, click HERE or email [email protected]

 

Soybeans (January)

 

Last Week’s Close:  January soybeans finished Friday’s session down 3 ¾ cents, extending losses for the week to 11 ¾ cents.  Due to Thanksgiving last week, the release of the weekly Commitment of Traders report has been pushed back to this afternoon (typically released on Friday’s).

 

Fundamentals:  All eyes will be on the G-20 summit this Friday, people are hopeful that U.S. and Chinese leaders can keep the ball in the air with regards to taking baby steps towards a trade deal.  We may see positive headlines emerge through the week/weekend but would take those with a grain of salt.

 

Technicals:  the market is under pressure in the early morning trade as prices retreat towards the bottom end of the recent range.  Key support to start the week comes in from....To get our full report emailed to you each morning, click HERE or email [email protected]

 

Wheat (March)

 

Last Week’s Close:  March wheat futures finished Friday’s session up ¾ of a cent, trimming losses narrowly to 10 ¼ cents.  Due to Thanksgiving last week, the release of the weekly Commitment of Traders report has been pushed back to this afternoon (typically released on Friday’s).

 

Fundamentals:  With December options off the board we will now be focusing on March Futures.  December futures go into first notice day Friday, if you don’t want to risk delivery you will need to roll or close positions out before the close Thursday. 

 

Technicals:  The wheat market has been in a bear market for several months now, but with prices inching closer to contract lows, there could be more risk to.... To get our full report emailed to you each morning, click HERE or email [email protected]ineFutures.com

 

 

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Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.