Actual Versus Intentions: Mother Nature Rules

May 27 5:41am AgWeb
As the May planting window draws to a close, Mother Nature is taking the driver’s seat away from the Chicago Board of Trade. Jerry Gulke explains.
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American Wheat Great Again as Exports to Overtake Russia's

May 26 6:10pm AgWeb
U.S. to regain its leading position for first time in 3 years.
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Week 2017-05-29 Bitcoin & Gold

May 26 5:20pm InsideFutures.com Commentary
Sell Bitcoin. Buy precious metal bullion.
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Another Hemisphere

May 26 4:56pm AgWeb
Events in another hemisphere are affecting (or is it afflicting?) US ag producers with a lot more frequency and severity these days, or at least it seems like it. We are of course talking about the Southern Hemisphere vs. the Northern Hemisphere inhabited by US farmers and ranchers.
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MDA SnapShot: Long Crude Update, Trailing Stop Levels, 5/26/17

May 26 4:19pm InsideFutures.com Commentary
Below you will see published updates from the Market Dimensions Advisory. These are sent in real-time to subscribers. Do Not Miss them going forward, subscribing below for FREE. These blog updates are showcasing the levels and positions that potentially could be executed by traders who are...
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Bulls or bears in the field? This Week in the Grain Market

May 26 3:23pm Markets – Real Agriculture
Grain markets headed into the American Memorial Day long weekend with a bearish tinge as a result of some better weather. The Canadian Loonie gained 0.45\% for the week on the Bank of Canada keeping interest rates unchanged at 0.5\%, which pushed canola prices down 1.1\% since last Friday. Oats were the winner of the... Read more »...
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Cheese, Class III Markets Take Jumps

May 26 3:06pm AgWeb
Barrel, block price spread at 20 cents...
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Gold Market Set To Move Higher

May 26 3:02pm InsideFutures.com Commentary
Any market technician that is looking at the daily chart on gold futures is surely thinking that this market is ready for another leg higher, and is likely to test the $1,300 level next. Not only are traders seeing the “golden cross” where the 50-day moving average has just crossed above the 200-day moving average, but also today’s settlement price of $1,271.40 in the August contract is a positive...
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South Africa Predicts Record Corn Crop After Rain Boosts Yields

May 26 3:01pm AgWeb
April food-price inflation slowed to 6.6 percent year-on-year.
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Mid-Afternoon Market Update: Crude Oil Up 1.8%; Deckers Outdoor Shares Jump After Q1 Beat And Raise

May 26 3:00pm Commodities
Toward the end of trading Friday, the Dow traded down 0.02 percent to 21,078.32 while the NASDAQ climbed 0.01 percent to 6,205.70. The S&P also rose, gaining 0.01 percent to 2,415.08. Leading and Lagging Sectors Non-cyclical consumer goods & services sector was the top gainer in the US market on Friday. In trading on Friday, healthcare shares fell 0.32 percent. Meanwhile, top losers in the sector included BioCryst Pharmaceuticals, Inc. (NASDAQ: BCRX), down 17 percent, and NewLink Genetics Corp (NASDAQ: NLNK), down 7 percent. Top Headline Big Lots, Inc. (NYSE: BIG) reported better-than-expected earnings for its first quarter and raised its FY17 outlook. The big-box retailer said it earned $1.15 per share in the quarter on revenue of $1.297 billion. Analysts expected earnings of $0.99 per share on revenue of $1.31 billion. Big Lots raised its FY17 earnings outlook to $4.05 to $4.20 per share, versus earlier forecast of $3.95 to $4.10 per share. Equities Trading UP Deckers Outdoor Corp (NYSE: ...Full story available on Benzinga.com...
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Is Manufacturing Heading Toward A Summer Slowdown?

May 26 2:18pm Commodities
The manufacturing sector has been blowing hot and cold in the current economic cycle. From the depths of recession, the sector sees resurgence, only to sink back into the red and then start all over again. Manufacturing, the transformation of raw materials into finished goods to meet customers' specifications and needs, is significantly huge for the United States. Statistically speaking, the U.S. manufacturing sector is the biggest globally, producing 18.2 percent of global goods. This compares to 17.6 percent for China. That said, manufacturing's share of the total U.S. GDP is 8 percent. Significance Of Manufacturing To U.S. Economy The latest survey by the Labor Department shows the manufacturing sector employed 12.4 million people in April 2017, accounting for roughly 8.5 percent of the people employed in the non-farm sector. Manufacturing Trend Post Great Recession After a sharp plunge during the 2007–2008 recession and bottoming in the second quarter of 2009, the manufacturing sector staged a steady recovery until the fourth quarter of 2014. Subsequently, manufacturing output flat lined till the third quarter of 2016. Since then, there has been a steady recovery. Source: Bureau of Labor Statistics However, the strong offtake seen since the third quarter of 2016 faces the risk of losing steam, if one is to go by the results of a recent regional manufacturing survey for May. New York Manufacturing Survey — Regional But Leading Indicator Though the New York Federal ...Full story available on Benzinga.com...
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Bitcoin Loses More Than $300 on Strong Volatility, Remains Above $2,000

May 26 2:08pm Commodity Blog
The price of Bitcoin had a volatile day on Friday, a single day after the digital currency reached a new …...
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Detecting Wheat Trend; Pound Tanks

May 26 2:04pm InsideFutures.com Commentary
Detecting Wheat Trend; Pound Tanks...
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Wild Horses Could be Sold for Slaughter in Trump Budget Plan

May 26 1:48pm AgWeb
President Donald Trump's budget proposal calls for saving $10 million next year by selling wild horses captured throughout the U.S. West without the requirement that buyers guarantee the animals won't be resold for slaughter.
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Political Uncertainty, Weaker US Dollar Help Gold Record Third Weekly Gain

May 26 1:14pm Commodity Blog
Gold futures are ending the final trading session of the week higher. Thanks to political uncertainty and a weaker US …...
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Pete's Pick of the Week: International Harvester 91 Combine

May 26 1:06pm AgWeb
This combine sold last Saturday.
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Europe's Demand for Cocoa

May 26 12:44pm InsideFutures.com Commentary
European demand has grown, but is it enough to fight off the large supply levels we have seen this year? After Wednesday’s trading session it looks like the answer is no.
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Analyst: Demand Basis in China for Long-Term

May 26 12:21pm AgWeb
Chinese demand for natural gas, crude oil, beef, and soybeans is something that needs to be monitored each day, says Jim Bower, president of Bower Trading.
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Mid-Day Market Update: Nutanix Climbs After Strong Q3 Results; GameStop Shares Plummet

May 26 12:15pm Commodities
Midway through trading Friday, the Dow traded down 0.02 percent to 21,079.50 while the NASDAQ climbed 0.08 percent to 6,210.05. The S&P also rose, gaining 0.04 percent to 2,416.08. Leading and Lagging Sectors Non-cyclical consumer goods & services sector was the top gainer in the US market on Friday. In trading on Friday, healthcare shares fell 0.19 percent. Meanwhile, top losers in the sector included BioCryst Pharmaceuticals, Inc. (NASDAQ: BCRX), down 12 percent, and Synergy Pharmaceuticals Inc (NASDAQ: SGYP), down 5 percent. Top Headline Big Lots, Inc. (NYSE: BIG) reported better-than-expected earnings for its first quarter and raised its FY17 outlook. The big-box retailer said it earned $1.15 per share in the quarter on revenue of $1.297 billion. Analysts expected earnings of $0.99 per share on revenue of $1.31 billion. Big Lots raised its FY17 earnings outlook to $4.05 to $4.20 per share, versus earlier forecast of $3.95 to $4.10 per share. Equities Trading UP Deckers Outdoor ...Full story available on Benzinga.com...
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Crude Oil Prices Stabilize After OPEC Disappointment

May 26 12:04pm Commodity Blog
Crude oil prices stabilized today following yesterday’s huge sell-off. The selling was triggered by the announcement from the Organization of Petroleum Exporting Countries…...
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Lawmakers Discuss Rural Economy, Budget Cuts at Farm Bill Hearing

May 26 11:26am AgWeb
As lawmakers are sifting through President Trump’s budget proposal, members of the Senate Committee on Agriculture, Nutrition, and Forestry are focusing on the 2018 Farm Bill and the state of the rural economy.
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Arla Foods Faces Lawsuit After False rBST Claims in $30M Campaign

May 26 11:05am AgWeb
A commercial distributed by Arla Foods as part of a $30 million marketing campaign is now at the heart of a lawsuit by Eli Lilly and its subsidiary Elanco.
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2017 Indianapolis 500 Milkman: Joe Kelsay

May 26 10:57am AgWeb
Millions of people watch the Indianapolis 500 every year. One Indiana dairyman won’t just attend but be a part of the show. ...
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The Right Investment on Agriculture Futures

May 26 10:56am AgWeb
Choose equities over individual commodities.
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Mid-Morning Market Update: Markets Mostly Flat; Big Lots Profit Beats Estimates

May 26 10:04am Commodities
Following the market opening Friday, the Dow traded down 0.05 percent to 21,072.82 while the NASDAQ climbed 0.03 percent to 6,207.40. The S&P also rose, gaining 0.01 percent to 2,415.12. Leading and Lagging Sectors Non-cyclical consumer goods & services sector was the top gainer in the US market on Friday. In trading on Friday, Utilities shares fell 0.3 percent. Meanwhile, top losers in the sector included Targa Resources Corp (NYSE: TRGP), down 3 percent, and National Fuel Gas Co. (NYSE: NFG), down 1 percent. Top Headline Big Lots, Inc. (NYSE: BIG) reported better-than-expected earnings for its first quarter and raised its FY17 outlook. The big-box retailer said it earned $1.15 per share in the quarter on revenue of $1.297 billion. Analysts expected earnings of $0.99 per share on revenue of $1.31 billion. Big Lots raised its FY17 earnings outlook to $4.05 to $4.20 per share, versus earlier forecast of $3.95 to $4.10 per share. Equities Trading UP Deckers ...Full story available on Benzinga.com...
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MDA SnapShot: June Aussie, Updated Entry 60 min, 5/26/17

May 26 9:49am InsideFutures.com Commentary
Below you will see published updates from the Market Dimensions Advisory. These are sent in real-time to subscribers. Do Not Miss them going forward, subscribing below for FREE. These blog updates are showcasing the levels and positions that potentially could be executed by traders who are...
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GDP Better Than Expected

May 26 9:47am InsideFutures.com Commentary
Gross domestic product growth was revised up to 1.2\%. Economists had expected an upward revision to .9\% growth.
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Memorial Day Futures Trading Schedule + Win 1 oz Gold Bar!

May 26 9:44am InsideFutures.com Commentary
Here is the Memorial Day Futures Trading Schedule + Win 1 oz Gold Bar! Check out the CME Globex Control Center, summary of KEY changes & per CME market segment.
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MDA SnapShot: July Crude, Fill in Gap Buy Zone? 5/26/17

May 26 9:22am InsideFutures.com Commentary
Below you will see published updates from the Market Dimensions Advisory. These are sent in real-time to subscribers. Do Not Miss them going forward, subscribing below for FREE. These blog updates are showcasing the levels and positions that potentially could be executed by traders who are...
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How Low Can Coffee Prices Go

May 26 9:16am InsideFutures.com Commentary
Limited to the downside...
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WTI CRUDE OIL JULY 2017

May 26 9:12am InsideFutures.com Commentary
High Performance Time and Price Specific Technical AnalysisToday, 3 to 5 Days Out, 2 to 3 Weeks Out and 2 to 3 Months Out...
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Happy Memorial Day! The Corn & Ethanol Report 05/26/17

May 26 8:51am InsideFutures.com Commentary
This weekend as we go to barbecues and if you’re lucky boating, golfing and other activities. We must remember in especially this global climate of conflicts this is just the chance to remember those people who are putting their lives on the line so we can have recreation and sleep easy. God Bless...
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Dirty Family Secret Is Behind JBS's $20 Billion Buying Spree

May 26 8:49am AgWeb
As JBS grew abroad, speculation of favorable treatment swirled. Now, Batistas say bribes were key part of plan to get capital.
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Build Me Up. The Energy Report 05/26/17

May 26 8:26am InsideFutures.com Commentary
Why do you build us up with oil cuts baby, just to let us down and mess us around. And then worst of all, you don’t extend production cuts when you say you will, but supply will fall still. Shale needs you to keep on drilling, we have known that from the start. So cut [...]...
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Plan Ahead 18 Months for Cover Crops

May 26 7:38am AgWeb
Cover crops can be a wonderful addition to a farming operation, according to Randy McElroy, technology development representative with Monsanto. They do require some extra planning – starting with a different timetable than some farmers may be used to dealing with.
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New Bulk Tank Test to Tweak Rations, Management

May 26 6:54am AgWeb
In general, cows with higher de novo fatty acids have healthier rumen environments. ...
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Traders Look to GTE Post Holiday Weekend

May 26 6:14am AgWeb
Grain markets are mixed as traders prepare for the long holiday weekend. Outside markets will watch for Dollar impacts as President Trump wraps-up his first foreign trip as US President.
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OPEC Meeting Doesn't Phase Markets

May 26 4:30am InsideFutures.com Commentary
Yesterday OPEC held its biannual meeting and although they continued to advocate production cuts, the markets took no notice. Can this upside trend continue?...
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Soybeans Futures - Next Week

May 26 2:26am InsideFutures.com Commentary
20 day moving average crossing above 50 day average...
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Soybeans - Crude Oil - Rough Rice - Lean Hogs

May 26 1:02am InsideFutures.com Commentary
Prices returning to previous trend lines...
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ES_F E-Mini S&P500 Elliott Wave: Pullback Near

May 26 12:11am InsideFutures.com Commentary
ES\_F E-Mini S&P500 has broken above 3/1 peak suggesting next leg higher has started. While dips stay above 2344.7, expect Index to extend higher...
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Silver Futures Above Crucial Resistance

May 25 10:56pm InsideFutures.com Commentary
July Silver rallied and traded above what was crucial technical resistance at $17.05 for most of this week.
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Have You Sold Corn?

May 25 10:55pm InsideFutures.com Commentary
As of the March 31st report, there was 10 percent more stored corn than a year ago.
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Illinois Farmer Who Loves Classic Tractors Battled Cancer Now Has 2 Sons

May 25 8:17pm AgWeb
The story of the Bryan Shepherd family from Minooka, IL. Bryan was diagnosed with Acute Myeloid Leukemia on December 6, 2013. Baby number was one was on the way, due in April 2014 for Bryan and wife Ashley. Serious setbacks ensued, but Bryan has pulled through into remission and now he and Ashley ha [...]...
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E-Mini S&P 500: Holiday euphoria or just good earnings?

May 25 7:31pm InsideFutures.com Commentary
E-Mini S&P 500: Holiday euphoria or just good earnings?...
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Will Cheap Pork Fuel This Summer's Grilling Season?

May 25 5:28pm AgWeb
Americans go hog wild for pork as summer BBQ season kicks off.
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Crude: Buy The Rumor, Sell The News

May 25 5:06pm InsideFutures.com Commentary
With WTI Crude futures trading down $2.73 in the July contract, it’s become clear the market was not impressed in their initial reaction to the continuation of OPEC production cuts.In an impressive sell off of 5\%, the larger range bound dynamics (below 55, but above 40) continue to rein supreme.
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Trimble to Acquire German Precision Ag Company

May 25 4:36pm AgWeb
Trimble announced it has signed an agreement to acquire the privately held German-based Müller-Elektronik, which specializes in implement control and precision farming products.
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Memorial Day Futures Trading Schedule + Win 1 oz Gold Bar! 5.26.2017

May 25 4:12pm Support & Resistance Levels
Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.        Please have a Safe and Happy Holiday!! From the CME Globex Control Center, summary of KEY changes, per CME market segment – Friday – ALL REGULAR closes Sunday – normal open for all, EXCEPT grains & Livestock = stay closed Monday […] The post Memorial Day Futures Trading Schedule + Win 1 oz Gold Bar! 5.26.2017 appeared first on Support & Resistance Levels.
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Prepare For A Robust Memorial Day As Travel Volume Expected To Hit 12-Year High

May 25 3:56pm Commodities
With Memorial Day ushering in the unofficial beginning of summer, gas prices are set to rise. The peak summer driving season is typically a period when gas prices see an uptick due to the increase in demand. If a recent prediction by the American Automobile Association, or AAA, comes true, Americans may have to brace for higher gas prices this long weekend amid the Markets' observance of Memorial Day Monday. Volume To Hit 12-Year High A release from the AAA said about 39.3 million Americans will travel 50+ miles this Memorial Day weekend, beginning Thursday and celebrated through Monday, when the Markets are closed. The number represents a 1-million increase from last year and marks the highest Memorial Day travel volume since 2005. "The expected spike in Memorial Day travel mirrors the positive growth seen throughout the travel industry this year," said Bill Sutherland, AAA senior vice president of travel and publishing. "Higher confidence has led to more consumer spending, and many Americans are choosing to allocate their extra money on travel this Memorial Day." Source: AAA Means Of Travel AAA forecasts 34.6 million Americans will hit the road, traveling by cars, an estimate up roughly 800,000 from 2016. The number of travelers by car also ...Full story available on Benzinga.com...
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John Phipps: Amazon, The New Country Store

May 25 3:28pm AgWeb
Do you know your UPS driver’s spouse’s name? If so, you might be part of a quiet revolution in the most American of activities: shopping.
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A call to help us strengthen the economic case for sustainability practices

May 25 3:20pm AgWeb
Despite some good anecdotal information and several isolated field trial studies, the reality is we don’t have nearly enough information on the economic impacts – good or bad – of individual conservation practices. That means we cannot yet make an ironclad business case that will persuade the majori [...]...
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Mid-Afternoon Market Update: Genesco Drops After Disappointing Q1 Results; Guess? Shares Climb

May 25 2:38pm Commodities
Toward the end of trading Thursday, the Dow traded up 0.35 percent to 21,086.16 while the NASDAQ climbed 0.81 percent to 6,212.74. The S&P also rose, gaining 0.48 percent to 2,415.92. Leading and Lagging Sectors Non-cyclical consumer goods & services sector was the top gainer in the US market on Thursday. In trading on Thursday, energy shares fell 1.47 percent. Meanwhile, top losers in the sector included Bristow Group Inc (NYSE: BRS), down 19 percent, and Aegean Marine Petroleum Network Inc. (NYSE: ANW), down 10 percent. Top Headline Best Buy Co Inc (NYSE: BBY) reported better-than-expected results for its first quarter. The big-box retailer said it earned $0.60 per share in the quarter on revenue of $8.528 billion. By comparison, the company earned $0.43 per share in the same quarter a year ago on revenue of $8.443 billion. Operating income fell from $372 million a year ago to $300 million. Analysts expected earnings of $0.40 per share on revenue of $8.27 billion. Enterprise comparable sales rose 1.6 percent in the quarter while ...Full story available on Benzinga.com...
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China Writes 117-Page Wish List for U.S. Trade

May 25 2:22pm AgWeb
China has drawn up a list of concessions it says can help deliver a “win-win” trade relationship with the U.S.  The government wants to beef up infrastructure cooperation with the U.S. and accept greater imports of goods ranging from soybeans to aircraft, according to a 117-page do [...]...
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Is There Any Hope For Soybean Bulls in 2017?

May 25 2:15pm InsideFutures.com Commentary
In 2016 Beans opened the first week of March at 875 and would hit a high of 1208 1/2 the week of June 6.
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Something Afoot With Wheat?

May 25 2:15pm InsideFutures.com Commentary
With Minneapolis wheat hugging a...
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Weak Dollar Could Favor Dairy Farmers, Interest Hike on Horizon

May 25 2:08pm AgWeb
Uncertainty in Washington is sending the dollar on a week of shaky trade. However, the currency found footing Wednesday as the Federal Reserve released meeting notes, signaling a June rate hike is likely.
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Multiple US Economic Numbers Out Friday And Low Risk Trade Strategy

May 25 1:26pm Commodities
Four scheduled news events regarding Durable Goods Orders and Preliminary Gross Domestic Product numbers for the US will be released Friday, May 26, at 8:30 AM ET, making for a trade opportunity with a low risk strategy. For a scheduled news event, where the market typically react with a move followed by a pull back, a strategy with spreads can be traded to collect profit on the pull back. This kind of strategy, called the Iron Condor, does not depend on the market moving in a certain direction for profit. North American Derivatives Exchange, or Nadex, lists intraday spread options for day traders interested in capped risk. The spread has a floor and a ceiling marking the range of the market being traded. It ...Full story available on Benzinga.com...
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