<body><script type="text/javascript"> function setAttributeOnload(object, attribute, val) { if(window.addEventListener) { window.addEventListener('load', function(){ object[attribute] = val; }, false); } else { window.attachEvent('onload', function(){ object[attribute] = val; }); } } </script> <div id="navbar-iframe-container"></div> <script type="text/javascript" src="https://apis.google.com/js/plusone.js"></script> <script type="text/javascript"> gapi.load("gapi.iframes:gapi.iframes.style.bubble", function() { if (gapi.iframes && gapi.iframes.getContext) { gapi.iframes.getContext().openChild({ url: 'https://www.blogger.com/navbar.g?targetBlogID\x3d8598179559168978076\x26blogName\x3dHedge+Project\x26publishMode\x3dPUBLISH_MODE_HOSTED\x26navbarType\x3dBLUE\x26layoutType\x3dCLASSIC\x26searchRoot\x3dhttp://www.hedgeproject.com/search\x26blogLocale\x3den\x26v\x3d2\x26homepageUrl\x3dhttp://www.hedgeproject.com/\x26vt\x3d9163833214854934744', where: document.getElementById("navbar-iframe-container"), id: "navbar-iframe" }); } }); </script>
ICE Canola Lower To Start Week 2017/03/27 1:56 PM GMT Tweet

ICE Canada canola contracts were lower Monday morning, as declines in the Chicago Board of Trade soy complex weighed on values.
Bearish technical signals contributed to the losses in canola, as last week's sharp declines did damage from a chart standpoint, according to analysts.
A general sense of uncertainty in the outside financial markets to start the week was also spilling into the commodities, including canola.
However, solid end user demand and expectations for tightening canola supplies going forward provided some underlying support. Oversold price sentiment helped limit the losses as well.
About 5,000 canola contracts had traded as of 8:53 CDT.
Milling wheat, durum, and barley futures were all untraded.
Prices in Canadian dollars per metric ton at 8:53 CDT:
                          Price      Change
Canola            May     479.90    dn  2.60
                  Jul     485.70    dn  3.60
                  Nov     477.30    dn  5.30
Milling Wheat     May     231.00    unch
                  Jul     231.00    unch
Durum             May     281.00    unch
                  Jul     280.00    unch
Barley            May     137.00    unch
                  Jul     138.00    unch
Phil Franz-Warkentin, Commodity News Service Canada
Copyright 2017 Commodity News Service Canada, Inc.
Please read the End User Agreement.
By accessing this page, you agree to the terms and conditions of the End User Agreement.
News provided by COMTEX.


Springfield, IL - Fri Mar 17, 2017 - USDA-IL Dept of Ag Market News
 

Illinois Grain Prices in Country Elevators 
  
This is Friday's report of the grain prices and trends prepared by 
the USDA and the Illinois Department of Agriculture.

In Northern and Western Illinois country grain dealers quoted shelled 
corn bids were up 1 to 2 cents. Soybean bids were a penny lower.

In Central Illinois country grain dealers quoted shelled corn bids were 
1 to 2 cents higher. Soybean bids were down 1 to 2 cents.

In the Southern part of the state, shelled corn bids were down 1 to 2 
cents. Soybeans were 1 to 2 cents lower. Wheat bids were steady. 

Commercial grain prices paid farmers by Interior Illinois Country  
Elevators after 2.00 p.m. today are listed below in dollars per bushel: 
AREA          US 2 CORN    US 1 SOYBEANS   US 2 SOFT WHEAT   
NORTHERN     3.32 - 3.50    9.30 -  9.56    -----------        
WESTERN      3.36 - 3.44    9.47 -  9.65    -----------        
N. CENTRAL   3.37 - 3.48    9.55 -  9.74    -----------   
S. CENTRAL   3.26 - 3.50    9.55 -  9.70    -----------                    
WABASH       3.49 - 3.63    9.55 -  9.65    3.95 - 4.16
W.S. WEST    3.46 - 3.66    9.63 -  9.74    4.05 - 4.08               
L. EGYPT     3.39 - 3.64    9.59 -  9.64    4.05 - 4.36              
     
Central Illinois average price Corn        3.38 (-29 1/2 K)
                               Soybeans    9.64 1/2 (-35 1/2 K) 
   
          CONTRACT BIDS FOR OCTOBER/NOVEMBER 2017 DELIVERY 
 AREA           CORN         SOYBEANS     **SOFT WHEAT**  
NORTHERN     3.50 - 3.62    9.38 -  9.54   ---------      
WESTERN      3.49 - 3.60    9.45 -  9.58   ---------     
N. CENTRAL   3.55 - 3.60    9.58 -  9.68   ---------     
S. CENTRAL   3.55 - 3.65    9.55 -  9.64   ---------     
WABASH       3.58 - 3.68    9.46 -  9.64   4.20 - 4.37
W.S. WEST    3.52 - 3.65    9.53 -  9.73   4.26 - 4.38             
EGYPT        3.39 - 3.59    9.47 -  9.64   4.06 - 4.37
**Wheat bids are for June-July Delivery 2017**

Source: USDA-IL Dept of Ag Market News, Springfield, IL 
        Phone: 217-782-4925 SpringField.LPGMN@ams.usda.gov
        www.ams.usda.gov/mnreports/GX_GR113.txt 
  
1630 dh

.


The wheat is down last thee days 2017/03/09 1:34 PM GMT Tweet

As discussed many times grains have the tendency to trend rather clearly than securities or indices for instance. This is so there is less liquidity grain futures as well as less high frequency tading involved. Some say that there is even no HFT in grain futures markets which I'm not apt to think but it is a question of different topic.

Having a look at the 3 day ZW_K7 chart the overall down trend could be clearly recognized as well as intraday down trends within each day chart.

This makes the wheat as well as other grains - soybeans and corn very appealing for day trading.  As in old-school days of trading it establishes during the day session very clear and easily recognizable support and resistance lines and trading break-outs is quite rewarding.

The strategy is simple. Once the market opens, you need to wait the first hour at the side lines as to see where the market will point. During the first hour, you need to draw the support and resistance lines and wait for the price to break either way, having in mind that if it breaks with the bigger trend it is stronger. As it shown on the chart  - the bigger trend is downwards. Once the price breaks the resistance line we go short. As soon as the downward move gets exhausted the position is closed. New support and resistance lines are drawn and so on. 


 ***Updated Oats, Corn, & Soybeans***

Minneapolis Daily BASIS Report

Actual wheat receipts on the exchange floor:
Today's were 59 cars which included 1 trains.
Last year's were 26 cars which included 1 trains.

Minneapolis Grain Exchange Daily Grain Prices Delivered Chicago/Beyond: Spot
No. 1 Milling Northern/Dark Northern Spring Wheat.  The spring Wheat 12 to
15 pct basis was mixed 10 cents lower to 30 cents higher.

***PLEASE NOTE: Prices prior to Jan 4, 2010 were for Minneapolis beyond; the
provided freight rate differential to Minneapolis is for Minneapolis unload.

Only the spot wheat/durum rail market is being quoted delivered Chicago/Beyond.
The to-arrive wheat is truck delivered and on a Minneapolis or Duluth based market.

** The basis is for US 1 Milling Quality Only.  Milling Quality is defined as
300 or better Falling Numbers; 58 lbs or better test weight; 13.5 Pct or less
moisture; 1.5 Pct or less Damage; 1.5 Pct or less Dockage and 2.0 ppm or
less vomitoxin**.

           RAIL - Spot         Change             TRUCK
 Wheat on MGEX Floor/Delivered Chicago/Beyond    20 Day To-Arrive
US 1 Milling DNS/NS Wheat                        Mpls       Duluth
           May                                   BASIS -May
  11 Pct   No Quote            - -               - -        - -
  12 Pct   No Quote            - -               - -        - -
  13 Pct   +35N to +65N        unch              -15        - -
  13.5 Pct +60B* to +90        unch - up 30      - -        - -
  14 Pct   +85 to +90          up 15 - unch      +10        - -
  14.5 Pct +85 to +95          up 5 - dn 10      - -        - -
  15 Pct   +120N to +150N      unch              +20        - -
  16 Pct   No Quote            - -               - -        - -
  17 Pct   No Quote            - -               - -        - -
    *Train

Balance Spring Wheat - 13 pct
  US 1     No Quote            - -
  US 2     No Quote            - -
  US 3     No Quote            - -
Balance Spring Wheat - 14 pct
  US 1     +85                 no comp
  US 2     No Quote            - -
  US 3     No Quote            - -
Balance Spring Wheat - 15 pct
  US 1     +110                no comp
  US 2     No Quote            - -
  US 3     No Quote            - -
 *Train
The above Spring Wheat does not meet domestic milling specifications
and is traded at a basis price with market discounts on other grade
factors.
                                                 Mpls
US 1 Hard Red Winter Wheat  BASIS KC - May       BASIS KC - May
  10 Pct   No Quote            - -
  11 Pct   No Quote            - -               +30
  12 Pct   No Quote            - -               +40
  13 Pct   No Quote            - -               +40
  14 Pct   No Quote            - -

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
The following information is quoted Minneapolis, NOT Chicago/Beyond.

US 2 Yellow Corn - May futures                   Mpls - May
 Mpls             No Bid       - -               -34
More corn bids:  Apr -32 (K); May -30 (K); Jun -35 (N); Jul -34 (N);
 Aug -37 (U); Oct -58 (Z).
US 1 Yellow Soybeans - May futures               Mpls - May
 Mpls             No Bid       - -               -55
More soybean bids:  Apr -51 (K); May -45 (K); Jun -46 (N); Jul -44 (N);
 Aug -38 (Q); Oct -57 (X).
Oats:             BASIS -May                     Mpls - May
                                                 Truck 20 Day To-Arrive
 US 2 or Better   No Quote     - -               +50
                                                 Rail 20 Day To-Arrive
                                                 +50

BASIS REPORT SYMBOLS:
January-F; February-G; March-H; April-J; May-K; June-M; July-N;
August-Q; September-U; October-V; November-X; December-Z

   Mpls=Minneapolis  Dul=Duluth KC=Kansas City  N=Nominal   R/O=River Open
   A=Asked   B=Bid   NB=No Bid   NQ=No Quote   NC=New Crop

Source:    USDA Market News Service, Minneapolis, MN
            612-370-3258 Minnesota.LPGMN@ams.usda.gov
           24 hour price information 612-370-3260
           www.ams.usda.gov/mnreports/ms_gr112.txt
           www.ams.usda.gov/lpsmarketnewspage


13:54      c  ceb


Illinois Grain Prices in Country Elevators 
  
This is Friday's report of the grain prices and trends prepared by 
the USDA and the Illinois Department of Agriculture.

In Northern and Western Illinois country grain dealers quoted shelled 
corn bids were up 1 to 3 cents. Soybean bids were steady to 3 cents 
lower.

In Central Illinois country grain dealers quoted shelled corn bids were 
steady to 2 cents higher. Soybean bids were steady to a penny higher.

In the Southern part of the state, shelled corn bids were up 2 cents. 
Soybeans were steady to penny higher. Wheat bids gained a penny. 

Commercial grain prices paid farmers by Interior Illinois Country  
Elevators after 2.00 p.m. today are listed below in dollars per bushel: 
AREA          US 2 CORN    US 1 SOYBEANS   US 2 SOFT WHEAT   
NORTHERN     3.41 - 3.59    9.69 -  9.90    -----------        
WESTERN      3.51 - 3.69    9.86 - 10.08    -----------        
N. CENTRAL   3.51 - 3.61    9.86 - 10.10    -----------   
S. CENTRAL   3.52 - 3.62    9.87 - 10.01    -----------                    
WABASH       3.62 - 3.73    9.93 -  9.98    4.19 - 4.25
W.S. WEST    3.63 - 3.83    9.99 - 10.09    4.12 - 4.24               
L. EGYPT     3.57 - 3.75    9.98 - 10.03    4.19 - 4.44              
     
Central Illinois average price Corn        3.56 1/2 (-24 1/2 K)
                               Soybeans    9.94 (-43 1/2 K) 
   
          CONTRACT BIDS FOR OCTOBER/NOVEMBER 2017 DELIVERY 
 AREA           CORN         SOYBEANS     **SOFT WHEAT**  
NORTHERN     3.59 - 3.71    9.67 -  9.84   ---------      
WESTERN      3.64 - 3.67    9.75 -  9.86   ---------     
N. CENTRAL   3.64 - 3.69    9.87 -  9.97   ---------     
S. CENTRAL   3.64 - 3.76    9.84 -  9.92   ---------     
WABASH       3.67 - 3.77    9.77 -  9.92   4.37 - 4.53
W.S. WEST    3.59 - 3.82    9.86 - 10.05   4.42 - 4.50             
EGYPT        3.56 - 3.68    9.79 -  9.92   4.23 - 4.53
**Wheat bids are for June-July Delivery 2017**

Source: USDA-IL Dept of Ag Market News, Springfield, IL 
        Phone: 217-782-4925 SpringField.LPGMN@ams.usda.gov
        www.ams.usda.gov/mnreports/GX_GR113.txt 

USDA-MO Dept Ag Market News 2017/02/14 3:19 PM GMT Tweet

Kansas City Daily Feed

Wholesale bids per ton, bulk, in truck lots, unless otherwise specified.  
(Soybean meal, Soybean hulls, and Pellets- FOB processors KC and St. 
Joseph.)

     Commodities        Basis    Change        Bids        Change
  Soybean Meal 48 Pct -23H-20H   unch     316.50-319.50    up 4.40
  Soybean Hulls-Bulk                         125.00        unch
  Soybean Hull Pellets-Bulk                  125.00        unch
  Cottonseed Meal 41 Pct                  265.00-285.00    unch
  Gluten Feed 21 Pct Pellets              139.00-145.00    unch
  Gluten Meal 60 Pct                      585.00-595.00    up 5.00-dn 10.00
  Wheat Bran and Middlings   
                   Interior KS Rail        68.00-80.00     dn 12.00-10.00
                   Interior KS Truck      102.00-105.00    dn 3.00-10.00
 Hominy Feed (FOB KC Northwest)               
                               Rail          100.00        unch
                               Truck         105.00        unch
  Meat and Bone Meal, 50 Pct                  
  (FOB US Central)                        259.00-290.00    unch
  Feather Meal                            435.00-450.00    unch
  Yellow Grease (dollars/cwt)              22.00-23.00     unch
  Dehydrated Alfalfa Meal                 211.00-245.00 A  unch
  Sun-Cured Pellets, 15 Pct               177.00-187.00 B  up 5.00-10.00
  Alfalfa Center of NE:                     
  Alfalfa Pellets, 17 Pct                 190.00-210.00 A  unch
    Meal without oil                           n/a      A  n/a
    Hay                                        n/a      A  n/a

A-last updated 02/09/17
B-last updated 02/14/17

(Soybean Meal price based off March Chicago Soybean Meal Futures.)

Source:  USDA-MO Dept of Ag Market News Service, St. Joseph, MO
         Baldemar Ortiz, Market Reporter (816)676-7000
         www.ams.usda.gov/LSMarketNews

1408C    bro


<< home