The CRB TrendTrader report is Long the Corn Market - 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 mixed with Dec corn -4 cents, Nov soybeans -7-3/4 cents, and Dec wheat +1-1/2 cents. The grain markets yesterday settled mixed: Dec corn +5-1/2 cents, Nov soybeans -3-1/2 cents, and Dec wheat +9-1/2 cents. Dec corn surged to a 14-1/2 month high and Nov soybeans rallied to a 1-week high but erased its gains and settled lower. Bullish factors included (1) speculation that extreme heat and dryness across the Midwest will reduce the yield potential of US corn and soybean crops, (2) increased foreign demand for US corn and wheat after the USDA said inspections of US corn for export for the week ending Aug 26 was up +3.4% from the prior week and that US wheat inspected for export was up +3.6% from the previous week, and (3) speculation that foreign demand for US wheat may receive a boost as dry weather in Argentina may lead to reduced wheat output there and lead to decreased wheat plantings in Russia. Bearish factors included (1) the strong er dollar, which may undercut US grain export prospects, (2) weakness in gasoline which undercuts ethanol prices and corn demand, (3) the action by Morgan Stanley to cut its second-half GDP estimate for the US to between 2.0% and 2.5% from an earlier estimate of 3.0% to 3.5%, which may curtail demand for grains used for food, animal feed and biofuel, and (4) reduced foreign-demand for US soybeans after the USDA said US soybeans inspected for export for the week ending Aug 26 fell -40% from the previous week.
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
