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How Low Are Wheat Prices Going ?
How Low Are Wheat Prices Going ?

Wheat Futures—Wheat futures in the May contract is lower by another 13 cents at 4.49 a bushel under pressure for the 2nd consecutive trading session hitting a 4 week low. The grain market in general continues to grind lower as there is nothing bullish about the agricultural sectors at this time as we await for some type of trade agreement…

The Gravy Train Continues For Stocks
The Gravy Train Continues For Stocks

S&P 500 Futures—The S&P 500 in the June is currently trading higher by another 4 points at 2913 touching highs that we have not seen since last October as earnings season is upon us and that will certainly dictate short term price action in my opinion. If you are long a futures contract I would continue to place the stop…

Can Cattle Break 130 ?
Can Cattle Break 130 ?

Live Cattle Futures—Live cattle futures in the June contract settled last Friday in Chicago at 120.35 while currently trading at 121.45 right near a 3 week high. I have talked about cattle in many previous blogs as I still believe higher prices are ahead and if you are long a futures contract continue to place the stop loss under the…

Orange Juice Lower 9th Day In A Row
Orange Juice Lower 9th Day In A Row

Orange Juice Futures—Orange juice futures in the May contract is trading lower for the 9th consecutive session down another 70 points at 106.45 as prices have absolutely collapsed over the last several weeks. Ideal weather conditions in the state of Florida coupled with the fact that we have the largest carry over level that we’ve seen in years as fundamentally…

Gold Prices Unchanged For Trading Week
Gold Prices Unchanged For Trading Week

Gold Futures—Gold futures in the June contract is currently trading at 1,295 an ounce unchanged for the trading week as the trend remains sideways at the present time. If you are long a futures contract I would place the stop loss under major support which now stands at 1,284 as an exit strategy as I still have a bullish bias…

S&P 500 Continues Strong Trend
S&P 500 Continues Strong Trend

S&P 500 Futures—The S&P 500 in the June contract settled last Friday in Chicago at 2896 while currently trading at 2903 as prices have broken out to levels that we have not seen since early October. If you are long a futures contract continue to place the stop loss under the 2 week low which now stands at 2844 as…

Cotton Prices Hit 5 Month Highs
Cotton Prices Hit 5 Month Highs

Cotton Futures—Cotton futures in the July contract is ending the week on a positive note up 126 points at 79.00 after settling last Friday in New York at 78.59 continuing its bullish momentum. I have been recommending a bullish position from around the 76.70 level and if you took that trade the stop loss has now been raised to 77.41…

Sugar Prices Look Bullish
Sugar Prices Look Bullish

Sugar Futures—Sugar futures in the July contract is trading lower by 3 points at 12.95 a pound breaking a 2 day winning streak as prices are still hovering right near a 5 week high. I will be recommending a bullish position if prices at the 13.03 level while then placing the stop loss at the contract low which was hit…

Natural Gas Looks To Be Bottoming
Natural Gas Looks To Be Bottoming

Natural Gas Futures—Natural gas futures in the May contract is currently trading higher by 1 point at 2.71 still hovering near major support at the 2.60 level as snowy conditions have entered several Midwestern states once again helping support prices in the short term. If you take a look at the daily chart prices have been trading between 2.60 /…

Cotton Prices Lower Off Crop Report
Cotton Prices Lower Off Crop Report

Cotton Futures—Cotton futures in the July contract finished lower by 53 points at 78.47 reacting negatively off of the WASDE crop report released this afternoon as the fundamental picture in the short term still looks bearish. Weak demand coupled with a slightly higher carryover level sent prices lower today, but in my opinion I think prices held up relatively well…