July 2012

09 Jul

Lumber Prices Near Contract Highs

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Lumber Futures--- Lumber futures are higher for the 4th consecutive trading session currently trading at 290.50 per board foot up around 2.20 the trading session continuing its bullish momentum after making contract lows just two weeks ago and climbing over 10% from the lows on renewed optimism that the housing market may be bottoming.

09 Jul

Sugar Futures Higher 2nd Day In A Row On Crop Concerns

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Sugar Futures--- Sugar futures in New York today are higher for the 2nd consecutive trading session rallying more than 25 points to currently trade at 22.51 hitting a fresh 10 week high on crop concerns down in Brazil receiving too much rain also with the fact that corn prices have shot sharply higher in the last couple weeks which is supportive for sugar futures because they are both used as a bio diesel.

09 Jul

Grain Market Hits New Highs On Drought--How High Are Soybeans Going ?

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Grain Futures ----The grain market opened sharply higher this morning in Chicago with corn soaring $.35 on the open currently trading at 7.28 a bushel hitting fresh contract highs on concerns of dryness in the Midwest increasing the severity of the 2012 summer drought while soybeans in the November contract are also hitting contract highs at 15.46 a bushel up $.40 for the trading day and that has sold off more than $.26 from session highs.

08 Jul

Grain Market Higher On Night Session

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Grain Futures--- The grain futures opened higher tonight on the night session with soybeans up 23 cents currently trading at 15.27 a bushel in the November contract while corn futures are up 1 cent in the December contract at 5.50. Wheat futures for the December contract are up 18 cents currently trading at 7.10 and what is going to be incredibly volatile trading session tomorrow and the rest of the summer in my opinion.

08 Jul

Precious Metals Sharply Lower Today In A Wild Week

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Precious Metal Futures-- The precious metals today are finishing the week off on a very sour note due to the fact of a poor monthly unemployment number which came out at 7:30 this morning adding only 80,000 new jobs which was disappointing to the market sending the U.S dollar sharply higher against the Euro currency causing all of the precious metals to trade sharply lower in today's trading session while gold for the week did finish down about $25

08 Jul

Do You Need Help Reading Charts?

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Do You Need Help Reading Charts?  Do you understand how to read charts correctly and use them for potential profit in the futures market?

07 Jul

Grain Market Sells Off On Profit Taking

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Grain Futures—The grain market sold off today with soybeans in the November contract selling off more than 20 cents to close around 15.06 a bushel blamed on profit taking as well as improving weather in the Midwest with temperatures dropping into the low 80s for the next 7 days. Corn futures dropped 16 cents a bushel also on improving crop conditions as well as traders taking profits ahead of the weekend.

07 Jul

Orange Juice Prices Near 8 Week High-Has Orange Juice Bottomed ?

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 Orange Juice Futures--- Orange juice futures today settled 280 points higher to close in the November contract at 126.75 right at fresh 8 week highs as traders are looking at many of the agricultural commodities wondering if a low has been placed in the last couple weeks especially in the soft commodities with cotton, coffee, orange juice, and sugar all rallying significantly from contract lows just two weeks ago.

07 Jul

Drought Sending Milk Prices Sharply Higher

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Milk Futures--- Milk futures here in Chicago finished the week basically unchanged after hitting new highs once again in the August contract currently trading at 17.50 right at contract highs and a remarkable run in the last two months which is up about 20% from contract lows on concerns of production being cut due to the Midwestern drought.

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