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Will Wheat Prices Test Contract Lows ?
Will Wheat Prices Test Contract Lows ?

Wheat Futures—Wheat futures in the May contract settled down 2 cents at 4.65 a bushel as traders are waiting for tomorrow’s crop report which will send some fresh news back into this market. If you are bullish and are long a futures position I would place the stop loss at 5.52 as an exit strategy. If you are bearish and…

Cotton Prices Higher 3rd Day In A Row
Cotton Prices Higher 3rd Day In A Row

Cotton Futures—Cotton futures are trading higher for the 3rd consecutive session up another 52 points at 79.11 as prices are right near a 4 month high continuing its bullish momentum. I have been recommending a bullish position from around the 76.70 level and if you took that trade continue to place the stop loss on a closing basis only at…

Soybeans Await Crop Report
Soybeans Await Crop Report

Soybean Futures—Soybean futures in the May contract is currently trading higher by 1 penny at 9.00 a bushel as traders are awaiting tomorrow’s crop report which should send some short-term price direction back into this market. I’ve talked about the grain market & soybeans for quite some time as I still have the same opinion I think prices go nowhere…

S&P 500 Awaits Earnings Season
S&P 500 Awaits Earnings Season

S&P 500 Futures—The S&P 500 in the June contract is trading lower by 4 points at 2892 breaking a 3 day winning streak in a relatively quiet trading session this Monday afternoon in Chicago. Earnings season will start next week as that certainly could send volatility back into this market as we continually early grind higher on a weekly basis…

Cotton Prices Continue Bullish Trend
Cotton Prices Continue Bullish Trend

Cotton Futures—Cotton futures in the July contract settled last Friday in New York at 78.31 while currently trading at 78.59 up slightly still hovering right near a 4 month high. I have been recommending a bullish position from around the 76.70 level and if you took that trade place the stop loss under the 2 week low which now stands…

I Remain Bullish Cattle Prices
I Remain Bullish Cattle Prices

Live Cattle Futures—Live cattle futures in the June contract is currently trading lower by 95 points at 120.62 after settling last Friday in Chicago at 119.00 up about 160 points for the week continuing its bullish momentum. If you are long a futures contract continue to place the stop loss at the 118.30 level as an exit strategy as I…

How High Is The S&P 500 Headed ?
How High Is The S&P 500 Headed ?

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Where Are Cotton Prices Headed?
Where Are Cotton Prices Headed?

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Where Are Silver Prices Going ?
Where Are Silver Prices Going ?

Silver Futures—Silver futures in the May contract is trading lower by only 1 penny at 15.76 hitting a 1 week low as I’m currently sitting on the sidelines, but I do have a bullish bias toward silver and the precious metals across the board. Full text available to┬áMike’s Coffee Shop Members only

Keep A Close Eye On The 10 Year Note
Keep A Close Eye On The 10 Year Note

10 Year Note Futures—The 10 year note in the June contract is trading lower for the 2nd consecutive session lower by another 6 ticks at 122/01 right near a 4 week low. The 10 year note has been stuck in a tight 4 week consolidation looking to break out to the downside as the yield at the present time is…