<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>
Time for resolitions and go on Sunday 1/06/2019 01:53:00 PM CST Tweet

Here we go again. It's been a little bit after the end of the previous year and it's a few days after the start of the new one. It's the time when people go back reflecting the year passed and are posting their wishes and goals for the new year. So here we go...
It's been a hard year. Honestly, it is so. That hard that even I don't want to go back and describe. I am a person that prefers to live in the future rather than in the past and that is why I will not go on reflecting back the year that passed.
Many of the wise men say that there is no such thing as past or future. There is only now. It's a good way of thinking and often I try to stick with that, it's hard though.
So again here we go. Currently, I have a small futures trading account which thankfully, I guess, I didn't manage to wipe out. Call it bad luck or bad timing but the time I opened it, overlapped with the most turbulent and volatile times in recent markets' history. For the last two years I've been following grains markets and developing and elaborating trading strategies there. But in the last months prior opening my account there I went back to indices trading especially to es-mini's. And that's how I got myself in the middle of the storm. It's been too volatile and too violent to my trading style and approach. The saddest thing is that I already had made this mistake before without taking the relevant notes or lessons.
But here I see that I've started talking about the past again while I should concentrate on what's happening now.  So as of now I can only say that I'm a futures trader, grain futures trader and I'm not going back to indices. Grains is the market that appeals the best to me and comforts me the best. Although some would say that it's a slow-paced  market, it is rather more predictable, showing clearer patterns during intraday sessions.
So now I stick with that and won't give up for any reason although it could be hard. I don't want to look back or I don't want to try to imagine what's ahead. I stay here and now.

Stocks Open Higher as U.S.-China Talks Commence Tuesday 12/11/2018 09:53:00 AM CST Tweet

12-11 15:50: Stocks Open Higher as U.S.-China Talks Commence -- 2nd

By David Hodari and Akane Otani 
     U.S. stocks jumped Tuesday as investors weighed signs of progress in
trade talks between Washington and Beijing. 

     The Dow Jones Industrial Average climbed 186 points, or 0.8%, to 24607.
The S&P 500 rose 1% and the Nasdaq Composite added 1.1%. 

     U.S. stocks have been under pressure for much of the fourth quarter as
investors have worried about the fate of the U.S. and China's trade
negotiations, which appeared to be deteriorating weeks ago. 

     But recent indications that Chinese officials could be open to amending a
policy aimed at boosting firms' dominance in artificial intelligence and
robotics--a key area of contention for the U.S.--helped boost optimism among
investors. Stock futures also rallied earlier in the day after President Trump
said on Twitter that "very productive conversations" were happening. 

     Companies that have become barometers for investors' sentiment around
trade talks rallied, with Caterpillar and Deere adding more than 1% apiece. 

     Auto stocks also pushed higher, helped by reports that China's cabinet
was considering proposals to cut tariffs on U.S.-made cars. Ford shares rose
1.7%, while General Motors advanced 3.3%. 

     Still, signs of caution remained. Apple shares missed out on the broader
rally, trading around the flatline as the company tried to get a Chinese court
to reconsider its decision to ban sales of older iPhones in China. 

     The court ruling added another source of friction in the trade skirmish
between the world's two largest economies, as did the recent arrest in Canada
of Huawei Technologies Co. Chief Financial Officer Meng Wanzhou on behalf of
U.S. authorities. Ms. Meng is accused of lying to banks about Huawei's ties to
a company that violated U.S. sanctions on Iranian business. 

     Between lingering trade tensions and signs of slowing growth around the
world, many investors say they are heading into 2019 with muted expectations.
BlackRock cautioned in its annual investment outlook that negative returns
across both stocks and bonds--a relatively rare phenomenon--could become more
common as the bull market ages. 

     Elsewhere, the Stoxx Europe 600 rose 2.1%, reversing course after U.K.
Prime Minister Theresa May's postponement of a crucial Brexit vote in
parliament Monday sent shares sliding. Ms. May's shock decision to pull the
vote further diminished many investors' willingness to bet on U.K. assets, some

     "If you're a macro investor, you're going to get blown out of the water
by events like yesterday's," said John Wraith, head of U.K. rates strategy at
UBS. "It makes investors incapable of trading those markets with any conviction
whatsoever, so you see a lot of fund managers staying neutral and keeping their
exposure to a minimum." 

     Shares in Asia were mixed, with India's Nifty 50 index slumping 1.9%
after the governor of its central bank unexpectedly resigned from his post. 

     Central banking policy was also a subject of focus in the U.S., where
data showed producer prices--another gauge of inflation--rising for the third
consecutive month. 

     Investors and analysts widely expect the Federal Reserve to raise
short-term interest rates when it meets next week, with CME Group data
suggesting the market is pricing in a 78% probability of a rate hike. 

     Any forward guidance out of the Fed will be closely scrutinized,
especially since some investors believe Chairman Jerome Powell has conveyed
mixed messages over recent months. Mr. Powell jolted markets after suggesting
rates weren't close to neutral and then subsequently appearing to backtrack on
those remarks. 

     "I think he got a bit ahead of himself saying that we're not close to
neutral," said Mark Heppenstall, chief investment officer at Penn Mutual Asset
Management. "I think that was language we weren't prepared for and it helped
tip the market. Now I think you'll see his language more focused on gradual

     Write to David Hodari at David.Hodari@dowjones.com and Akane Otani at

  (END) Dow Jones Newswires

  December 11, 2018 10:50 ET (15:50 GMT)
  Copyright (c) 2018 Dow Jones & Company, Inc.

12-11 12:59: Soybeans Retreat in Consolidative Trade -- Technical

By Kira Brecht 

  January soybeans weakened Monday, forming a consolidative inside day
session. Since Dec. 3, January beans traded in a tight range between gap
support at $8.97-$8.96 1/2 and resistance at last week's high at $9.23 3/4. The
multi-month daily soybean trend off the mid-September low at $8.26 1/4 remains
positive. But, the burden lies on the bean bulls to kick start fresh upside
momentum with a push through the $9.23 3/4 ceiling. Just beyond there, the July
peak at $9.32 3/4 is a significant technical target. Daily momentum is
weakening, with the 14-day relative strength index pointing lower at 60% on
Monday. The market is vulnerable to slippage toward gap support in the very

$10.63 1/4 -- the contract high 
 $9.01 1/4 -- the 10-day moving average 
 $8.91     -- the 20-day moving average 
 $8.83     -- the 40-day moving average 
 $9.38 1/2 -- the 200-day moving average 
 $8.26 1/4 -- the contract low 

  January soymeal trickled lower Monday in narrow trade. The short-term
soymeal trend is weakening, with resistance seen at the recent high at $319.10,
scored on Dec. 3. The soymeal contract is testing 20-day moving average
support, which roughly corresponds to minor chart support at $309.20, the Dec.
6 low. Declines below that area this week would increase bearish confidence.
Bigger picture, since late August, the January soymeal trend has turned neutral
within a large range bordered by major support at $303.10-$302.90 and major
resistance at $328.50, the October high. 

$387.40 -- the contract high 
$311.50 -- the 10-day moving average 
$309.80 -- the 20-day moving average 
$311.50 -- the 40-day moving average 
$337.50 -- the 200-day moving average 
$302.00 -- the contract low 

  January soy oil eked out a marginal gain Monday after consolidative inside
day trade. The market is digesting the recent gains. The near-term soy-oil
trend remains positive, but a short-term top and resistance could be forming at
28.99 cents, the Dec. 5 peak. On the upside, a rally above 28.99 cents, would
open the door to a potential test of 30.11 cents, the Oct. 16 high and then
30.25 cents, the Oct. 4 high. On the downside, gap support comes in at
23.23-28.12 cents. Short-term sideways action would not be a surprise following
the recent strong gains off the 27.18 cent low from Nov. 26. 

35.93 -- the contract high 
28.36 -- the 10-day moving average 
28.03 -- the 20-day moving average 
28.39 -- the 40-day moving average 
30.22 -- the 200-day moving average 
27.18 -- the contract low 
  (END) Dow Jones Newswires

  December 11, 2018 08:00 ET (13:00 GMT)
  Copyright (c) 2018 Dow Jones & Company, Inc.

12-10 15:30: USDA Says 125,000 Tons Of Soybeans Sold To Unknown In

   WASHINGTON, (Dow Jones)--Private exporters reported to the 
U.S. Department of Agriculture export sales of 125,000 metric tons of 
soybeans for delivery to unknown during the 2019-20 marketing 
year, the USDA said Monday. 
   The 2019-20 marketing year for soybeans will began September 1. 
USDA issues both daily and weekly export sales to the public. U.S. exporters 
are required to report to USDA any export sales activity of 100,000 metric 
tons or more of one commodity made in one day.  Sales totaling 200,000 tons 
or more in any reporting period, except soybean oil, made in one day to one 
destination, must be reported by 3:00 p.m. eastern time on the next business 
day. Export sales of less than these quantities must be reported to USDA on 
a weekly basis. 
  (END) Dow Jones Newswires

  December 10, 2018 10:30 ET (15:30 GMT)
  Copyright (c) 2018 Dow Jones & Company, Inc.

Bears Drive Corn, Wheat Lower -- Technical Analysis Wednesday 10/31/2018 11:12:00 AM CST Tweet

10-31 13:59: Bears Drive Corn, Wheat Lower -- Technical Analysis

   By Kira Brecht 

  December corn eked out another modestly weaker close on Tuesday. Overall
momentum is lackluster, but the short-term corn trend bias remains negative. On
the upside, the 10-day moving average continues to act as nearby resistance
with additional chart ceilings at $3.71 1/2, $3.72 1/2 and then the recent high
and short-term top at $3.78 1/2, the Oct. 15 peak. 

  The minor daily corn downtrend seen off the $3.78 1/2 high remains intact.
Corn bears retain the short-term technical edge. December corn is slipping
toward a potential test of major support at $3.60 1/4-$3.60 1/2, the Oct. 11
and Oct. 25 lows. Declines below that support zone would open the door for a
fresh corn selling wave. On the upside, a rally and sustained recovery through
the most recent swing high at $3.71 1/2 would be needed to suggest corn bulls
are gaining a toehold. 

$4.29 1/2 -- the contract high 
    $3.68 -- the 10-day moving average 
$3.68 1/4 -- the 20-day moving average 
$3.63 1/2 -- the 40-day moving average 
$3.86 3/4 -- the 200-day moving average 
$3.42 1/2 -- the contract low 

  December wheat extended lower Tuesday as bears gain momentum. The short and
intermediate-term wheat trend remains bearish. On the downside, December wheat
bears are gearing up for a potential test of support at $4.85 1/2, the recent
low scored on Oct. 25. If wheat bears succeed in cracking the $4.85 1/2 low it
would open the door to a fresh selling wave with bearish chart objectives at
$4.73 3/4, the Jan. 16 swing low and then $4.68 1/4, the Dec. 12 swing low. On
the upside, the 10-day moving average is first resistance with secondary chart
resistance at $5.15, Monday's high. 

$4.29 1/2 -- the contract high 
$5.05 3/4 -- the 10-day moving average 
$5.11 1/4 -- the 20-day moving average 
$5.13 1/2 -- the 40-day moving average 
$5.29 1/2 -- the 200-day moving average 
$3.50 1/4 -- the contract low 

  December Kansas wheat sank lower Tuesday. The near and intermediate-term
trends point down. On the downside, Kansas wheat bears are closing in on a test
of support at last week's low at $4.86 1/2. If that cracks, it would open the
door to further weakness with a bearish chart objective at $4.78 1/4, the
December swing low. Monday's high at $5.10 1/4 is resistance. 

    $6.42 -- the contract high 
$5.04 1/2 -- the 10-day moving average 
    $5.13 -- the 20-day moving average 
$5.16 1/4 -- the 40-day moving average 
$5.45 3/4 -- the 200-day moving average 
$4.78 1/4 -- the contract low 
  (END) Dow Jones Newswires

  October 31, 2018 08:00 ET (12:00 GMT)
  Copyright (c) 2018 Dow Jones & Company, Inc.

<< home