Posts tagged Futures exchange

Futures Market News

Image by Getty Images via Daylife

Futures can be very profitable to trade, but current information is important to have available to make good decisions.  Here are a couple articles that can help you make a better decision.

Grain Futures Market Analysis

March corn futures closed down 2 cents at $4.06 1/2 yesterday. Prices closed nearer the session low yesterday. Losses were limited by a fresh export sale of U.S. corn yesterday. However, bulls appear to be getting tired after the recent rally. Prices are trapped in the middle of a choppy trading range at higher price levels, bound by solid support at the November low of $3.72 1/2 and by solid resistance at the November high of $4.25. Bulls still have the overall near-term technical advantage. Bulls’ next upside price objective is to push and close prices above strong technical resistance at the November high of $4.25 a bushel. The next downside price objective for the bears is to push and close prices below solid technical support at $3.90 a bushel. First resistance for March corn is seen at this week’s high of $4.10 and then at $4.15. First support is seen at yesterday’s low of $4.05 and then at $4.00. –more

Corn Futures Not Just For Farmers

Corn futures are one of the major futures markets in the world, as corn is the staple grain used in the west, especially in the United States. Billions of USD worth of corn futures are traded each day through markets, helping both to drive the price of corn, and to stabilize the market.

Corn futures started trading in Chicago at about the same time that cotton began trading in New York, in the mid 1800s. Originally, the corn futures were for 3000 bushels but now it is traded for 5000 bushels. Corn futures trade on the eCBOT around the clock, pit session runs from 10:30 am est thru 2:00 pm est close. Who wouldn’t love a 3.5 hour workday?

Corn futures sometimes close higher with the dollar losing ground and fair harvest weather in the forecast. Wheat prices often rise with exports below expectations for the week. Corn production is up along with ending stocks on slowly declining livestock numbers. Though the trading frenzy subsided along with corn futures prices at week’s end, the blight lifted the price of corn futures bper bushel last week. –more

Related futures articles

• Futures Markets Say Democrats Retain Control (politicalwire.com)
• Commodities mostly rise as dollar falls; Oil dips (sfgate.com)
• Crude Futures Extend Gains (online.wsj.com)