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Below is a two -minute market analysis and expectations for future grain markets for grains and cotton. Let’s go!
In December (December) (ZCz25) was ranked future for four weeks last Friday, and for the week that received 8 cents 3/4 cents. It was a good end for this week for the atom, after the market was under the sale of pressure early in the week. Heavy short coverage was shown and the perceived deal was hunting late last week. Corn Corn satellite technically registered Weekly and Mother High Fride, which put the market to buy the graph this week. The goal of the next ups in the bullish of the confident corn is to close the prices above the solid technical resistance at $ 4.35, which will then open the door to the move to the $ 4.50 region, based on futures in December.
It is expected that the rains and temperatures are less than normal in the American corn belt next week to 10 days. Most of the corn crop in the United States suffers from dry weather, and the only concern may be during the next two weeks some frost scattered in some states of the northern corn belt.
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The current US corn prices, which are still not high in any way according to historical standards, continue to obtain strong demand, whether locally or in the export market. This comes although the market expects the American corn crop. However, corn traders in the back of their minds can still be the farmer’s crop round in late August, which indicates that the crop may not end in a good form.
The American corn harvest will be in full swing by mid -October, indicating an increase in commercial hedging pressure as the corn comes from the field to local elevators. This can limit the price of the Corn Futures market until Harvest begins to finish in November. Corn dealers will continue to monitor the progress made in new commercial deals between the United States and its main commercial counterparts, including China, especially China.
In the future, the ZSX25 (ZSX25) market got some traction last Friday from solid gains in the atom and some short cover in the future of winter wheat. However, the declined soybean market (ZMU25) futures are concerned by bean market bulls.
The future of the soybean meal was achieved in September a week lower for two weeks last Friday and at a week lost $ 13.10 per ton. The meal will have to show the strength of the price soon if the bulls want to maintain the upper direction of the current price on the daily graph alive. If soybeans can pay and close the prices on the resistance of the solid chart at a rise in June $ 10.74 1/4, they will get power power to suggest a challenge of $ 11.00 for Bushl.
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The areas in the Middle West were from the southeast of the state of Missouri to the southern Illinois Whale, often dry early this week. Stress on soybean crops in these areas can result in decreases in soybean yield. However, the cooler temperatures during the next week will reduce crop strain, at least some rain that the area in the middle of the week may improve soil moisture. However, the rain can come too late to help soybean crops to produce larger returns.
The American soybean harvest will pick up this month and this means more commercial hedging pressure, as farmers collect their crops and empty them in local elevators. However, the hedging pressure may be less dense in the coming months as producers look forward to storing their crop if the levels of cash foundation remain weak. Early return reports of the fields may affect the prices of future soybeans, especially after the farmers’ round in late August revealed what may be less than the ideal finish of the soybeans.
All the eyes of the soybean dealer in China will remain in the coming months, as the highest global soybean importer continues to purchase in the new United States. This position has greatly expanded the levels of soy cash foundation, with increasing low levels of river infection.
The Red Reed Winter (Zwz25) and the solid red watches (Kez25) witnessed the short coverage that appeared last Friday. SRW may encourage SRW last Friday, SRW last Friday. However, both markets are steeped in the lower prices on daily strip charts that continue to invite speculators to the short sides of the markets. It will get a lock in December SRW higher than the technical resistance at $ 5.60 per bushl to stimulate wheat bulls and suggest prices in the short term in place.
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The weather is the country of wheat mostly benign. In the northern plains, some rain is expected next week. The conditions will be good for field work and harvest. Some frosts are possible in the middle and eastern production areas in the middle to the end of the week.
On the upper side, the coming weeks are likely to see less than the commercial pressure to sell pressure in the future wheat markets. HRW harvest is almost complete in the United States. Spring wheat harvesting has advanced more than half of them as of August 24, according to the US Department of Agriculture, which is a little backward from last year.
With the exception of a large market for future wheat in the coming months, the implanted wheat acre from 2025-26 can be reduced significantly compared to this year. Autumn farms may decrease due to the low current prices. However, improving the demand for exports for US wheat can enhance future prices in the coming weeks.
In December (KGZ25), futures for futures lost 147 points, closing at 66.54 cents. The weekly closure of the weekly landing last Friday in December, when the cotton skillfully pursued the plans on the plans this week. It will take a batch in December in the future of cotton than the resistance of the graph at a height of 68.50 cents to shoot the bulls enough to try to keep the price arrangement in the near term. On the contrary, the decrease in cotton prices in December than strong technical support at the lowest level in August of 65.88 cents will increase the pressure pressure. The weekly crop data will be examined in the US Department of Agriculture closely by cotton dealers.
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Dry land cotton in the southwest of the state of Texas needs a good snapshot of moisture, but there is no strong prospects for predicting, until these lines are written. Other areas in West Texas are expected to rain with some important amounts in the northern and central parts of the region. The temperatures will be cooler than the usual during the next seven days, which will keep the soil moisture. The American Delta crops have dried up, which led to some stress in the cotton crop. The states in the southeastern United States should continue to see a good mixture of rain and sunlight.
Soucitan monitors also know that the history of history can be the month of September and October months of turbulence of shares and financial markets. It is almost certain that any of the stock market bodies in the coming weeks have an impact on the future cotton market. Also, it is expected that the FOMC meeting will reduce from September 16 to 17 because the Federal Reserve is expected to reduce interest rates in the United States by 0.25 %, with an external opportunity, the central bank may reduce the rate of 0.5 %. Easy monetary policy in the Federal Reserve should be this autumn as a cotton market for the cotton market.
Progress, or its absence, may affect commercial deals with its main counterparts on the cotton market this fall, especially the constant employment discussions between the United States and China. China is imported from the main cotton.
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On the date of publication, Jim Wyckoff did not have positions (either directly or indirectly) in any of the securities mentioned in this article. All information and data in this article are only for media purposes. This article was originally published on Barchart.com
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