Grain Futures--- The grain market was higher across the board once again as the July soybeans hit a new closing high settling at 15.09 up $.13 selling off about $.14 from session highs which were hit earlier in the day at 15.23 as Chinese demand is starting to take its toll on carryover or supply levels and there is major concern that supply levels are too low which could send prices higher and as I’ve talked about in many previous blogs I thin

With more than 2.2 billion contracts (valued at $1.1 quadrillion) traded in 2007, CME Group is the world’s largest and most diverse derivatives exchange. Building on the heritage of CME, CBOT and NYMEX, CME Group serves the risk management needs of customers around the globe. As an international marketplace, CME Group brings buyers and sellers together on the CME Globex electronic trading platform and on trading floors in Chicago and New York.

Trade with the short term trend, as the saying goes in futures trading the trend is your friend. Sometimes you will be a market that is trending higher and then has a false breakout to the upside and then suddenly sells off causing you a 2% loss on your equity and you say to yourself that was a bad trade and should I do something different on my next trade.

Cocoa Prices-- Cocoa prices in the July contract are continuing their bearish trend this week hitting a 6 week low today finishing unchanged after rallying slightly from session lows trading below its 20 & 100 day moving average as good weather in Africa and weak demand is pushing prices lower.