soybean oil

08 Dec

How Low Are Wheat Prices Going ?

in Blog, commodity consulting, commodity trading, corn, futures, Mike Seery, oats, option trading, seeryfutures, soybean meal, soybean oil, soybeans, wheat

Wheat Futures---Wheat futures in the March contract settled last Friday in Chicago at 4.38 a bushel while currently trading at 4.24 down about $0.14 for the trading week hitting another contract low as this bearish trend continues on a month-to-month basis, as I am currently not involved in this market, but if you are short a futures contract place the stop loss at the 10 day high standing at 4.43 as an exit strategy.

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04 Dec

Mike Seery's Daily Commodity Report 12-04-17

in Blog, commodity consulting, commodity trading, corn, dow jones futures, futures, futures trading, heating oil futures, Mike Seery, NASDAQ 100 futures, natural gas futures, oats, option trading Crude oil futures, option trading S&P 500, seeryfutures, soybean meal, soybean oil, soybeans, unleaded gasoline futures, wheat

Soybean Futures--- Soybean futures in the January contract are trading higher for the 2nd consecutive session up $0.10 at 10.04 a bushel hitting a 6 week high as the grain market in general is starting to come to life to the upside.

 

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04 Dec

Corn Breaks 3 Day Winning Streak

in Blog, commodity consulting, commodity trading, corn, futures, Mike Seery, oats, option trading, seeryfutures, soybean meal, soybean oil, soybeans, wheat

Corn Futures--- Corn futures in the March contract are trading lower by 5 cents at 3.54 a bushel breaking a 3 day losing streak stuck in a 3 week consolidation bottoming out in my opinion as I'm currently not involved in this market, but I'm looking at a possible bullish position in the coming weeks ahead.

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04 Dec

Have Wheat Prices Finally Bottomed ?

in Blog, commodity consulting, commodity trading, corn, futures, Mike Seery, oats, option trading, seeryfutures, soybean meal, soybean oil, soybeans, wheat

Wheat Futures--- Wheat futures in the March contract are trading higher for the 2nd consecutive session up 4 cents at 4.42 a bushel as I am not currently involved as wheat prices on November 28th hit a contract low at 4.24, however it looks to me that a possible bottom may have been created in corn and wheat.

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04 Dec

Soybeans Hit A 6 Week High

in Blog, commodity consulting, commodity trading, corn, futures, Mike Seery, oats, option trading, seeryfutures, soybean meal, soybean oil, soybeans, wheat

Soybean Futures--- Soybean futures in the January contract are trading higher for the 2nd consecutive session up $0.10 at 10.04 a bushel hitting a 6 week high as the grain market in general is starting to come to life to the upside.

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01 Dec

Was A Double Bottom Created In Corn ?

in Blog, commodity consulting, commodity trading, corn, futures, Mike Seery, oats, option trading, seeryfutures, soybean meal, soybean oil, soybeans, wheat

Corn Futures---Corn futures in the March contract are currently trading at 3.56 a bushel after settling last Friday in Chicago at 3.51 up about 5 cents possibly creating a double bottom around the 3.49 area on the daily chart. At the present time I'm not involved in corn and as I've talked about in many previous blogs I think the downside is limited especially due to strong ethanol demand at the present time helping support prices.

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27 Nov

Corn Prices Lower 2nd Day In A Row

in Blog, commodity consulting, commodity trading, corn, futures, Mike Seery, oats, option trading, seeryfutures, soybean meal, soybean oil, soybeans, wheat

Corn Futures---Corn futures in the March contract are trading lower for the 2nd consecutive session down about 1 penny at 3.53 a bushel looking to retest the November 16th contract low of 3.48 as I am not currently involved in this market, however I do think prices are bottoming out as volatility should start to pick up as harvest is around 95% complete which is a good thing if you're bullish this commodity.

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25 Nov

Mike Seery's Limit Up Commodity Report 11-25-17

in Blog, Bonds, commodity consulting, commodity consulting commodities, commodity trading, corn, currencies, dow jones futures, futures, futures trading, heating oil futures, Mike Seery, NASDAQ 100 futures, natural gas futures, oats, option trading Crude oil futures, option trading S&P 500, seeryfutures, soybean meal, soybean oil, soybeans, unleaded gasoline futures, wheat

Dollar Index Futures--- The U.S dollar in the December contract settled last Friday at 93.57 while currently trading at 92.92 lower for the 2nd consecutive session hitting a 6 week low as I'm looking at a possible short position, however the chart structure is poor at the present time as the 10 day high stands at 94.54 as the risk is around $1,600 which is too much for this currency at this time in my opinion.

 

25 Nov

Soybeans Stuck In 8 Week Channel

in Blog, commodity consulting, commodity trading, corn, futures, Mike Seery, oats, option trading, seeryfutures, soybean meal, soybean oil, soybeans, wheat

Soybean Futures--- Soybean futures in the January contract settled last Friday in Chicago at 9.90 a bushel while currently trading at 9.93 still stuck in an 8 week consolidation as there's very little fundamental news to dictate short-term price action in my opinion as I'm currently not involved in the grain market.

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24 Nov

Soybean Meal Prices Hit A 5 Week High

in Blog, commodity consulting, commodity trading, corn, futures, Mike Seery, oats, option trading, seeryfutures, soybean meal, soybean oil, soybeans, wheat

Soy meal Futures---Soybean meal futures in the January contract settled last Friday in Chicago at 320 while currently trading at 326 a ton up about 600 points for the trading week right near a 5 week high as I'm not involved in this market, but I will be looking at a bullish position once the chart structure improves as the 10 day low stands at 311 as the risk is around $1,500 at the present time which is too much in my opinion for this commodi

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