Corn, Wheat, Soybean Complex Market Commentary for 07-13-10

Wheat Market Recap Report for 7/13/2010

September Wheat ended up 13 1/2 at 549 1/4, 2 1/2 off the high and 18 1/2 up from the low. December Wheat settled up 14 at 578 1/4. This was 18 3/4 up from the low and 2 1/4 off the high.  

December wheat traded lower overnight before rallying sharply into mid-to-late morning. On a slow day for news, traders said that the main supportive factor was a sharp break in the dollar and a general rally in commodities and equities. Weather continues to favor harvest progress in the Plains and for the last vestiges of the soft red harvest in the Midwest. Temperatures in the Northern Plains look to remain normal to above normal today with cooler temperatures due tomorrow which is considered favorable. This comes in advance of a longer range forecast that has much warmer temperatures locked in over the central and southern Plains next week, with temperatures in the Northern Plains remaining just above normal. The UK reported today that its May wheat exports were 200,115 tonnes, down from 279,081 tonnes in April. Exports for the first 11 months of the crop year are down sharply from the previous year. Basis levels for hard red winter wheat were steady this morning, as the harvest enters its final one third.

December Oats settled down 1 1/4 at 259. This was 6 3/4 off the high.

Soybean Complex Market Analysis  for 7/13/2010

August Soybeans closed down 2 3/4 at 995, 2 up from the low and 9 3/4 off the high. November Soybeans finished up 3 1/2 at 954 1/2. This was 8 off the high and 8 up from the low. 

August Soybean Oil closed up 0.41 at 38.02, 0.66 up from the low and 0.31 off the high.

August Soymeal settled down 3.8 at 297.0. This was 5.7 off the high and 2.0 up from the low.

November soybeans rallied during the second half of the overnight session, taking out yesterday’s highs by mid morning. However, prices eased back to near the middle of the day’s trading range into early afternoon. New crop soybean contracts posted moderate gains on the old crop July contract, reversing recent action in that spread. The meal/oil spread also saw a moderate reversal of recent action with oil gaining in the spread on the day. The USDA lowered its good-to-excellent rating of the US soybean crop by 1% to 65% on yesterday’s Crop Progress report, as expected. Traders said that today’s rally came largely in response to a break in the dollar and a sharp rally in crude oil. Weather forecasts continue to move in the direction of a hot air dome moving into the central and southern Plains, the SW Midwest and across all of the Delta by Tuesday of next week. This dome is expected to bring much above normal temperatures and remain in place for about one week. In the meantime, welcome rains are falling today across much of Indiana, central and southern Ohio and virtually all of Tennessee and Kentucky.

Corn Market Commentary for 7/13/2010

September Corn finished down 4 1/2 at 375 1/4, 8 off the high and 1 up from the low. December Corn closed down 4 3/4 at 387. This was 1 up from the low and 8 off the high.

December corn followed most commodity and equity markets higher into mid morning today, but lagged behind wheat, soybeans and other key markets such as crude oil and gold in the process. The market then sold off sharply into early afternoon to test the overnight lows. Traders said that an unexpected upgrade of 2% in the good-to-excellent rating of the corn crop on this week’s Crop Progress report helped to pressure the market along with forecasts calling for warm, but generally favorable conditions in much of the Midwest into this weekend. Temperatures are expected to rise to above normal in the central Midwest starting tomorrow with forecasts calling for a dome of very hot air over the western Corn Belt to start next week. This may cause problems for late pollinating corn as far north and east as the central Midwest, but much of the crop may have pollinated by that time.

September Rice ended  up 0.06 at 9.86, 0.07 up from the low and 0.04 off the high.  

With today’s review talking mostly about weather and the crop reports, traders might want to take a peek at the commercial traders momentum.  The Commercial Trader momentum can be tracked by using the Commodity Futures Trading Commission Commitment of Traders reports.  Our idea is that, in a value driven commodity futures market no one knows fair value like the people who produce it or, have to use it.  In fact, it is precisely their sense of value that provides the commodity market’s rhythmic meanderings that swing traders love so much.  Let’s face it, producers know when their product is overvalue and it should be sold just as well as end line users know when they should be stocking up at low prices.  Therefore, trader should be able to incorporate this valuable information into their future market education.

The daily commentaries provide a rundown of each commodity’s traded price activity, an analysis of the factors that influenced price activity, a recap of any reports released that day, and a look ahead at the schedule for the next day.  Market commentaries for soybeans, corn, wheat, silver and gold are provided by CME Group.   The information in the Market Commentaries was obtained from sources believed to be reliable, but we do not guarantee its accuracy. Neither the information nor any opinion expressed therein constitutes a solicitation of the purchase or sale of any futures or options contracts.

This blog is published by Andy Waldock.  Andy Waldock is a financial advisor, broker, asset manager, trader, and analystfor Commodity & Derivative Advisors, located in Sandusky, Ohio.  As a result, Andy Waldock may have positions for himself, his family, or his customers in any commodity future market discussed. The blog is meant for educational purposes and to develop a dialogue among those with an interest in the commodity future markets. The commodity markets may not be appropriate for all investors due to the high degree of leverage.  There is considerable risk in investing in commodity futures.  If you are interested in reading other published articles, commenting  on his publications or subscribing to Andy’s blog, please visit http://blog.commodityandderivativeadv.com, or if you have any questions, please call 1-866-990-0777.

USA Stock Market: Making Profits with Penny Stock Prophet

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This is a story of how a destitute MIT student found a secret technique that transformed a thousand dollars into $1,400,000 in just 13 months, investing in penny stocks in the USA stock market.   

He believed that there should be a statistical pattern to stock investments. Thus, he started researching the actual entry and exit points, which a effectivepennystock trader should follow. He began his research on finding out how the top pennystock traders were effective.  His comprehension of the stock market led to the understanding of arithmetic variances that could reliably predict success or failure.

The program is called Penny Stock Prophet, and  is  some thing that you simply should think about if your goal is to make a few bucks from the stock market exchanges….or accomplish financial freedom. We all understand that trading is a risky enterprise, and we don’t wish to risk our very hard earned cash on a fantasy.  Never before in stock market history has there been a program featuring so much potential for the average investor to create money!

We genuinely believe this is the greatest method to protect your investment while placing you in a position to produce some considerable gains from the USA stock markets!  Penny Stock Profit Is the best alternative that we’ve discovered!

What is Penny Stock Prophet?

As described above, the system was created by a gentleman who became a successful penny stock trader; someone who has made millions from it. Actually, after building his own fortune, he decided to promote his strategy to a chosen few and buy and sell along side with them, making them millionaires in their own rite!
His name is James Connelly, and his objective would be to produce 500 brand new millionaires in the next 24 months by having them trade stock market shares at his proverbial side!
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Why Must You Think about Penny Stock Prophet?

This is the only web-based product (as far as I know) that allows the end user to execute trades in American stock markets along side an expert who has already made millions from penny stocks. Of course your mileage could vary, but there are reported cases of people tripling their net worth and otherwise producing large increases on individual stocks.
Rest assured that this really is some thing that really performs. It is not a trading robot which aresusceptible to  error, but a actual person who is eager to assist you.  It is entirely possible for you to make $3835 every day! This really is absolutely the greatest program for producing revenue from the USA stock market today.

What is Included?

When you join, you will get daily stock notifications and updates on every stock. Included in these notifications are the buy and sell points that his methods have estimated for each stock. Every member will know the correct entry point to enter and to exit for maximum results.
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Penny Stock Prophet is an opportunity that you should not pass up. You are able to truly generate huge amount of earnings from investing in little and microcap stocks.  Just imagine, you now have the power to create huge earnings without the large danger of trading on your own. Every thing has been done for you, all you have to do is stick to the instructions. This is a fantastic technique that provides the capability to choose breakout penny stocks just days before they experience amazing results!

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Three Core Traits of A Successful Trader

Training style is a phenomenal thing to possess and knowing many of the high percentage setups is certainly an asset to any traders arsenal. But in recent years , there has been an increasing interest in emotional trader assets and how those assets , or traits, effect in the trading process. At first glance , you would think that technique would be the deciding factor in the day trading process. But recent research has open several other factors that involve a day traders performance.

There has been an abundance of information published in recent years on this topic. Some authors have chosen as many as 10 factors of successful traders. But for me, it comes down to three dominant traits that are essential for every day trader to enjoy success . Of course, it’s hard to pinpoint the psychological variables in any discipline, and trading is no different. But if you have the chance to trade with a truly talented trader you will sense these intangible tendencies .

1. Good traders love to trade. I have yet to interview a extremely successful trader who was not passionate about his or her craftsmanship. These are the kind of people who know that the trading environment is exactly where they should be at the ordained time. Great traders show this enthusiasm in their approach to trading. They may not feel it imperitive to declare to the world, “I love trading.” They don’t have to; you can sense their passion and desire when they enter the trading room. They are often avid students of trading lifestyle , and have an irresitable desire to continue to learn and master day trading. Trading is not a business for these traders . Trading is who they are, and what they are. The most accomplished traders are nearly unmindful to their environment as they trade, but alternatively are glued to their screens and indicators and are constantly employing the knowledge and skill they have mastered . Oddly enough, I have found that “making money” is not the driving force in these individuals lives. No, it’s the sheer elegance of a trade well executed. Further, these traders pride themselves on a session worth of flawless trading.

2. Competant traders never change from their trading system . profitable traders have a well developed trading methodology they have learned and mastered . This trading stule is the unalterable plan by which they trade the markets. They don’t take the short cuts , they don’t veer off the path, they have a well developed plan and execute that plan despite unexpected trading elements that may distract some traders and send some traders completely off their trading plan. Successful traders have wonderful discipline in their approach and execution of their trading style . They have specific criterion for executing and exiting trades and no amount of distraction stops them from initiating their day trading system . Even more interesting , they are able to maintain this high level of discipline for entire trading sessions, for months, for their entire careers. Discipline is the stuff of greatness in a trader. There are no substitutes for discipline. While some undisciplined traders may put together short runs of profitability, they are not able to maintain this high level of success over sustained periods. They lack the discipline. I’ve heard whispers in trading rooms about great traders being endowed with a “sixth sense” when it comes to taking trades. That has not been my observation though; the ability to maintain consistency in trading is the product of personal discipline.

3. Accomplished traders are never rushed. I have been lucky enough to trade with several very talented traders, and the mood in a trading room can, at times, reach a frenetic level of exicitement . But the good traders don’t trade on rumor, or innuendo , they trade when the time is right. They won’t be stampeded into a trade hoping to catch the final leg of a breakout or breakdown. More likely, they entered the trade as the breakout or breakdown became obvious . They do not trade in a phrenetic state or initiate low percentage trade setups. They are a cool-headed group , these traders. They know that the opportunities to trade will arise throughout the course of the day and there is never a reason to risk their capital on low percentage trading set-ups . They know that many days there may be a limited number of trading opportunities, and that is part of trading . A great trader learns to capitalize what the market offers, but realizes the market punishes those who try to steal trades when high percentage setups are not prevalent. They fully comprend that the market is at its essense, a complex percentage game and are ever aware of the prudent percentages that are essential for a successful trade. They are patient and methodical in every aspect of their trading craft.

I realize that these three traits exist, in a greater or lesser degree, in all traders. Further, not all traders are going to be able to master these three traits. We all have our weaknesses, and learning to compensate for impatience, lack of self-discipline, and passion for trading are ongoing projects. It’s progress we seek as traders, not perfection.  The E-mini trading professor offers an inexpensive trading system to trade using the traits described above. It enjoys tremendous popularity and success with it’s adherants.

Top Penny Stock Picks

You’ll find a great deal of corporations whose stock value is less than 5 dollars and given that they’re additional volatile or simply smaller firms, they can’t be traded on in stock exchanges like DOW JONES or NASDAQ. Instead, these stocks are traded with the services of Pink Sheets or Over the Counter Bulletin Boards, who administer the transactions of these stocks. Whilst the penny shares are considered far more risky, you can find millions of dollars which change hands owing to these penny shares.

In more simple terms, the term “penny stocks” is applied for typically smaller firms with a lot more danger included. Nevertheless, owing to the small amount of each individual share, the amount of returns which an individual can make on his shares is also phenomenal. However, because the penny stocks do not genuinely get scrutinized at the stringent levels as the NASDAQ stocks are, it truly is far more prone to various kinds of scams and corporations closing down due to losses, which also can make someone lose the entire investment.

Moreover, due to the fact penny shares are much smaller in terms of overall market capitalization, it is simpler for some external individual to manipulate their valuations. Knowing a lot more details about the  penny stocks, how they work and some particulars about the exact script which you are preparing to invest in, from the very first step of ensuing that your investment doesn’t go for a toss.

Moreover, if planning to invest in this high risk and higher return monetary instruments, it can be really significant to have correct guidance when making your penny stock picks. Like in normal funds, you will find even a good deal of financial institutes who do research on the several businesses included and provide this data to help the investor decide which of the penny shares ought to be picked for his portfolio, for much better chances of obtaining great returns.

The Forex Signals: Can This Signal Service Really Help You Trade Forex?

Forex signal services are nothing new for people who want help trading Forex for profit.   But The Forex Signals, a new service created by Ex-bank trader Tom Strignano and pro trader Vladimir Ribakov is different.   They intent to not only provide the accurate buy and sell signals members of a signal service would expect… but also teach people how to trade Forex with in-depth training and mentoring.

For a lot of novice Forex traders who want to make money trading currency, the concept of combining Forex signals with mentoring might seem strange.   After all, most traders use a signals service because they don’t want to learn anything about trading… they just want someone else to tell them when to trade.   But this way of thinking can be a mistake and hider your chances at success.

One of the biggest challenges new Forex traders face is understanding loss.   There is no system that can guarantee 100% successful trades.   So, there will be a loss to deal with at some point.   But what do novice Forex traders do when the signal service they are using sends out a signal that ends in a loss?   They usually freak out!

Without any training or mentoring from a REAL Forex trader, the novice trader is left all alone to trade the signals that come out.  There is no one to talk to.   There is no one to ask questions.   And so, when losses happen, (which is inevitable with any system or service you use), they start to lose confidence in the signals.  Eventually, they just stop using them all together… which is no way to make money trading Forex.

Therefore, the combination of high-quality Forex signals and mentoring from experienced traders (like Tom Strignano and Vladimir Ribakov), gives you an advantage.   Now you can not only get the signals to get into the market based on proven trading strategies… but the training necessary to trade the signals like a pro.   This is a better way to succeed at Forex trading using signals.

Tom Strignano and Vladimir Ribakov have come up with a real opportunity in The Forex Signals service.   Now, traders of all experience levels can benefit from the Forex signals provided from two REAL Forex traders, as well as the mentoring and training needed to succeed trading the signals.   That is why The Forex Signals stands apart from other Forex signal services that only provide buy and sell signals.

How To Choose Suitable Forex Trading System

Most forex merchants looking for an automated forex trading system are looking for the profitable investment. That’s, the one faultless trading technique that will make constant money, if not every single time, then a minimum of ninety percent of the time. Stories in commercials of forex robotic software that have a remarkably lofty success charge keep the idea that such a superb or near glorious forex trading system exists. And nevertheless when the standard dealer starts utilizing these systems, swiftly the success fee isn’t so high after all. The correct approach, just like the famend Holy Grail, can’t be found.

It is simple to develop into cynical when methods flip to dust proper beneath our nostril once more and again. However, all we tend to need to do is do a little or no research and there may be every probability of finding a sensible, workable foreign exchange robotic rising out of that dust. We just must lower our expectations and respect that any system can have variable results. This is usually partially as a outcome of the inconsistencies of the market and to some extent due to the inconsistencies of traders.

All we tend to wish is a system that returns an ongoing profit. It doesn’t must be large profit, it could well add up over time. It should not be invariably profitable, either. We generally tend to ought to merely set our threat low enough that even the worst possible series of losses won’t wipe us out, after which statistics will take over.

The most effective  automated forex trading system is one that’s introduced and utilized by somebody who is actually making money with it themselves. Anybody who encompasses a personal contact with a successful foreign exchange trader has an enormous benefit right here as a consequence of they’ll presumably direct you in the suitable direction. However remember the precise fact that they cannot be prepared at hand over only their success to you on a silver platter. Sometimes, a trader has taken years and even a long time working on their mindset to form them prepared to use a person trading system successfully. They most probably even have a big account steadiness that provides them a wider alternative of broker and additional flexibility over lot sizes and leverage.

In case you’re shopping for an automatic forex trading system on-line, be certain you choose one thing uncomplicated. Many individuals create the blunder of considering that a profitable robot can be intricate and not easy. This is not correct. What’s troublesome in foreign currency trading is executing the system. This needs a cool head and a superb grasp of the tools of technical analysis. The less complicated system is, the extra probably it’s that a new trader can be in a position to apply it effectively whereas not creating mistakes.

The reality is, it’s in all probability true to mention that a newbie is enhancing with an easy system that doesn’t construct cash, than a sophisticated one which does. Since he’ll use a demo account, he won’t undergo the loss of any actual money. He will gain data of all the techniques of buying and selling and construct his confidence and trading discipline without ever being tempted to travel live. Of course, possibly the best recommendation a newbie will acquire is to begin with the best automated forex trading system that he can find.

If you want to get another information about currency trading, you can get through forex trading book.