The CRB TrendTrader report is Long Dec. KC Wheat - see full report below.
Notice the open position profit based on 1 contract!
Day traders work for the markets - Trend Trader's let the markets work for them, remember the Trend is your friend!
The CRB Futures Market Service is one of the oldest and most respected market letters in the industry since 1934.
TrendTrader tracks over 79 markets, including foreign exchange (FX), stock indices, interest rates, metals, energies, grains, meats, foods & fibers and exchange traded funds (ETF).
For more information call or email Jay directly: 312 506 8709. j.brown@crbtrader.com
Grains
Grain prices this morning are trading higher with Dec corn +4-1/2 cents, Nov soybeans +4-3/4 cents, and Dec wheat +15-1/2 cents. The grain markets last Friday finished higher: Dec corn +3-3/4 cents, Nov soybeans +13-1/4 cents, and Dec wheat +5-1/2 cents. Dec corn rallied to a 7-1/2 month high and Nov soybeans climbed to a 1-week high. Bullish factors included (1) strength in gasoline which benefits ethanol prices and corn demand, (2) strong foreign demand for US corn after the USDA said sales of US corn in the 2 weeks ended Aug 19 was 3.987 million tons, the biggest 2-week total since at least 1990, (3) the prediction from AgResource that hot, dry weather during the past month in the Midwest and South is reducing the yield potential of corn and soybean crops, and (4) the action by Rabobank International to raise its corn price estimate for Q4 to $4.50 a bushel from a previous forecast of $4.20 a bushel. Bearish factors included (1) the stronger dollar, which may undercut US grain export prospects, (2) comments from Russian Agricultural Minister Skrynnik that Russia has enough grain to meet its estimated domestic demand of 77 million to 78 million metric tons this year, and (3) the prediction from Wanda Futures that China probably won't order any more corn imports this year as global prices climb and on speculation that Russia's domestic harvest this year will be better than expected.
THESE RESULTS ARE BASED ON SIMULATED OR HYPOTHETICAL PERFORMANCE RESULTS THAT HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE THE RESULTS SHOWN IN AN ACTUAL PERFORMANCE RECORD, THESE RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, BECAUSE THESE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THESE RESULTS MAY HAVE UNDER-OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED OR HYPOTHETICAL TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THESE BEING SHOWN.
About CRB
The Commodity Research Bureau has been leading the world in commodities research and analysis since 1934. Based in Chicago, Illinois, the firm has been the innovator of the CRB Indices, as well as the publisher of the CRB Yearbook, Encyclopedia, CRB Price Charts, TrendTrader and Futures Market Service newsletters.
About CRB Trend Trader
In 1963, the Commodity Research Bureau developed a computerized trading system for the purpose of removing the emotional human element from market forecasting. Since then, countless trading programs, timing theories, and techniques have been designed and popularized by an even wider universe of individuals and companies for the purpose of "beating" the futures market. Yet, today, CRB's TrendTrader remains one of the oldest and most respected technical daily market letters.
TrendTrader system analyzes four different technical studies to categorize markets as trending up, sideways, or down. These four studies are a combination of moving average, price volatility, market momentum, and various time cycles. Support and resistance levels are recalculated daily and serve as "stops" when the market is in a trend phase and mark the breakout levels for new up or down trends when markets are in a sideways mode.
For more information call or email Jay directly: 312 506 8709. j.brown@crbtrader.com
