The Trend Trader For Futures Trading on Thursday, May 25, 2017

May 24 7:36pm InsideFutures.com Commentary
The Trend Trader helps to identify the current trend status of your favorite futures markets. It not only helps us to stay on the right side of market direction, but also helps us avoid those without a trend. You can even use the grid as a spread matrix too - buying strength and selling weakness. Before...
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E-Mini S&P 500: Fed may remain on course!

May 24 6:50pm InsideFutures.com Commentary
E-Mini S&P 500: Fed may remain on course!...
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What's Standing Hay Worth?

May 24 5:37pm AgWeb
One of the challenges in coming up with a value for standing hay is the lack of established market price information like corn and soybeans.
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Peter Martin: Strategy to Manage Transaction Risk

May 24 5:32pm AgWeb
As you know, buying or selling a farm is a complex process that entails risk and reward for both parties.
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SRW Wheat July 2017 for 5/25/17

May 24 5:18pm InsideFutures.com Commentary
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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Trump's Budget Plan Calls for $200B in Infrastructure Repairs

May 24 4:22pm AgWeb
President Trump’s federal budget is calling for a $3.6 trillion reduction in government spending over the next 10 years. Roughly $38 billion would be cuts from agriculture such as limits on crop insurance premiums.
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Memorial Day Trading Schedule + Futures Levels & Reports for May 25, 2017

May 24 4:09pm 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 – all […] The post Memorial Day Trading Schedule + Futures Levels & Reports for May 25, 2017 appeared first on Support & Resistance Levels.
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Worst Weeds, Ranked

May 24 3:30pm AgWeb
It’s no secret that weeds are a farmer’s enemy—but which weeds pose the biggest threat? The Weed Science Society of America (WSSA) recently deployed a survey to nearly 200 weed scientist across North America to find out more about weeds in farmers’ fields. ...
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How Much Carbon Could Soils Release Amid Warming Climate?

May 24 2:34pm AgWeb
At Lawrence Berkeley National Laboratory in California, scientists are fully into what they call a “deep soil warming experiment.” Their initial findings – soils could release much more carbon dioxide into the atmosphere than previously expected if climate change continues its cur [...]...
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Mid-Afternoon Market Update: Aegean Marine Petroleum Drops On Downbeat Earnings; Inovio Shares Surge

May 24 2:30pm Commodities
Toward the end of trading Wednesday, the Dow traded up 0.34 percent to 21,008.68 while the NASDAQ climbed 0.25 percent to 6,154.20. The S&P also rose, gaining 0.20 percent to 2,403.18. Leading and Lagging Sectors Non-cyclical consumer goods & services sector was the top gainer in the US market on Wednesday. Top gainers in the sector included Cia Energetica de Minas Gerais CEMIG-ADR (NYSE: CIG), Companhia Paranaense de Energia (ADR) (NYSE: ELP), and NRG Energy Inc (NYSE: NRG). In trading on Wednesday, energy shares fell 0.55 percent. Meanwhile, top losers in the sector included Bristow Group Inc (NYSE: BRS), down 34 percent, and Aegean Marine Petroleum Network Inc. (NYSE: ANW), down 34 percent. Top Headline Lowe's Companies, Inc. (NYSE: LOW) posted weaker-than-expected results for its first quarter. Lowe's reported earnings of $1.03 per share in the quarter on revenue of $16.86 billion. Analysts were expecting earnings of $1.06 per share on revenue of $16.96 billion. Lowe's lowered its FY17 earnings forecast to $4.30 per share, from $4.64 ...Full story available on Benzinga.com...
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More Ideas For Today

May 24 1:55pm InsideFutures.com Commentary
Today, I have more ideas than yesterday.
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Why SNAP Cuts Won't Be a Snap

May 24 1:52pm AgWeb
President Donald Trump's proposal to slash food stamps by a third will be a hard sell in Congress, even as Republicans have tried repeatedly to scale back the program's $70 billion annual cost.
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How to Mentally Prepare for the Summer Markets

May 24 1:38pm AgWeb
2017 has been a difficult year to analyze the markets, according to Jim Bower, president of Bower Trading.
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5 Ways to Improve Your Farm's Strategy

May 24 1:15pm AgWeb
As the leader of your operation, you need to provide the direction for your team. Here are a few tactics you can apply to your business planning. ...
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Here's a Unique Energy Spread Idea

May 24 12:37pm InsideFutures.com Commentary
Here's a Unique Energy Spread Idea...
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Chinas Downgrade, Falling Imports Sends Copper Futures Lower

May 24 12:35pm Commodity Blog
Copper futures are trading lower midweek amid bad news coming out of China. Moody’s slapped China with a credit downgrade and new trade …...
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Crude Oil Meanders Ahead of OPEC Meeting

May 24 12:18pm Commodity Blog
Prices for crude oil meandered today, struggling to establish a clear trend (though currently they are trading below the opening level), as traders were nervous …...
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China's Agricultural Dilemma

May 24 12:14pm AgWeb
To meet the ballooning demand from China’s newly wealthy middle class for a greater variety of foods such as meat, fruit and vegetables, China needs bigger, more efficient and safer farms. But that poses a huge dilemma for the state: if it allows all these little plots to be consolidated, it [...]...
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Mid-Day Market Update: Container Store Climbs On Earnings Beat; Ooma Shares Plummet

May 24 12:04pm Commodities
Midway through trading Wednesday, the Dow traded up 0.07 percent to 20,951.91 while the NASDAQ climbed 0.13 percent to 6,146.79. The S&P also rose, gaining 0.03 percent to 2,399.23. Leading and Lagging Sectors Utilities sector was the top gainer in the US market on Wednesday. Top gainers in the sector included Cia Energetica de Minas Gerais CEMIG-ADR (NYSE: CIG), Companhia Paranaense de Energia (ADR) (NYSE: ELP), and NRG Energy Inc (NYSE: NRG). In trading on Wednesday, cyclical consumer goods & services shares fell 0.17 percent. Meanwhile, top losers in the sector included Chico's FAS, Inc. (NYSE: CHS), down 12 percent, and Tiffany & Co. (NYSE: TIF), down 7 percent. Top Headline Lowe's Companies, Inc. (NYSE: LOW) posted weaker-than-expected results for its first quarter. Lowe's reported earnings of $1.03 per share in the quarter on revenue of $16.86 billion. Analysts were expecting earnings of $1.06 per share on revenue of $16.96 billion. Lowe's lowered its FY17 earnings forecast to $4.30 per share, from $4.64 per share. Equities Trading UP Container Store Group Inc ...Full story available on Benzinga.com...
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Rough Rice Futures - Maturing Chart Top

May 24 11:21am InsideFutures.com Commentary
Bear Divergence, Pitchfork...
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Steel Analyst Says The Market's Become Too Bearish On China, Upgrades Entire Sector

May 24 11:18am Commodities
Credit Suisse analyst Curt Woodworth upgraded the U.S. steel sector from Market Weight to Overweight, citing an overly bearish view of Chinese hot rolled coil and the pending results of the Department of Commerce’s investigation into the industry. The analyst also upgraded United States Steel Corporation (NYSE: X), Steel Dynamics, Inc. (NASDAQ: STLD) and Nucor Corporation (NYSE: NUE) from Neutral to Outperform. A Look At Chinese Steel The analyst reiterated his forecast that hot rolled coil (HRC) will bottom out this summer at $580 per ton, noting that Chinese HRC prices are reverting to normalized levels, but now expects prices to recover in Q3. Rebar prices are also at multi-year highs. This data along with solid demand lead Woodworth to believe “the market has become too bearish on ...Full story available on Benzinga.com...
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MDA SnapShot: June ES, Sell zone? 5/24/17

May 24 11:15am 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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MDA SnapShot: Market Scanner Bull/Bear Breakouts 60 Min, Live Webinar Today, 5/24/17

May 24 11:11am InsideFutures.com Commentary
f you would like to follow these trading alerts in real-time and have the ability to speak with me, you will need to subscribe to the newsletter and become a client of our firm. To get these updates sent directly to your inbox, please SUBSCRIBE Below. Contact me directly @ 800-958-9571 or via email:...
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Memorial Day 2017 Holiday Schedule for CME / Globex and ICE Exchanges

May 24 10:58am Support & Resistance Levels
Memorial Day 2017 Holiday Schedule for CME / Globex and ICE Exchanges  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 – all open markets go into HALT at 12:00 noon Monday night – […] The post Memorial Day 2017 Holiday Schedule for CME / Globex and ICE Exchanges appeared first on Support & Resistance Levels.
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Stock Index Futures Up for a Fifth Day

May 24 10:53am InsideFutures.com Commentary
Futures are higher for a fifth day due to growth in corporate earnings and signs of economic strength.
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Three Ways to Stay Objective in a Weather Market

May 24 10:48am AgWeb
After nearly 40 years in the commodity market business, Bob Utterback, founder of Utterback Marketing Services, has seen his fair share of weather scares.
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OPEC's Influence In Dictating Oil Prices Has Eroded, Analyst Says

May 24 10:47am Commodities
The price of oil is dictated by many factors, but perhaps the most determining factor is the 13-member nations that make up the Organization of the Petroleum Exporting Countries. However, this may no longer be the case, at least according to Francisco Blanch, head of global commodities research at Bank of America Merrill Lynch. Speaking as a guest on "Bloomberg Daybreak: Americas," Blanch believes that an OPEC agreement to limit their collective supply that expires in June will be extended by ...Full story available on Benzinga.com...
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ChemChina and SinoChem Re-enter Merger Discussions

May 24 10:19am AgWeb
Chinese state-owned Sinochem and ChemChina are in merger talks to create the world's biggest industrial chemicals firm, to be headed by Sinochem chief Ning Gaoning, four people with knowledge of the negotiations said. ...
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Could Bunge Be an Encore for Glencore?

May 24 10:14am AgWeb
Some four years after the commodities giant completed its merger with Xstrata Ltd., the Swiss company has honed in on its next multi-billion dollar target: Grain trader Bunge Ltd.
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Mid-Morning Market Update: Markets Open Higher; Lowe's Misses Q1 Expectations

May 24 10:04am Commodities
Following the market opening Wednesday, the Dow traded up 0.16 percent to 20,970.52 while the NASDAQ climbed 0.16 percent to 6,148.77. The S&P also rose, gaining 0.10 percent to 2,400.89. Leading and Lagging Sectors Non-cyclical consumer goods & services sector was the top gainer in the US market on Wednesday. In trading on Wednesday, cyclical consumer goods & services shares fell 0.21 percent. Meanwhile, top losers in the sector included Chico's FAS, Inc. (NYSE: CHS), down 16 percent, and Tiffany & Co. (NYSE: TIF), down 9 percent. Top Headline Lowe's Companies, Inc. (NYSE: LOW) posted weaker-than-expected results for its first quarter. Lowe's reported earnings of $1.03 per share in the quarter on revenue of $16.86 billion. Analysts were expecting earnings of $1.06 per share on revenue of $16.96 billion. Lowe's lowered its FY17 earnings forecast to $4.30 per share, from $4.64 per share. Equities Trading UP Container Store Group Inc (NYSE: TCS) shares shot up 42 percent to $5.89 after the company posted ...Full story available on Benzinga.com...
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Trying For Five: Market Up Four Days In A Row With Fed Minutes, OPEC Ahead

May 24 9:42am Commodities
Shaking off a terror attack and political uncertainty, the stock market finds itself back to nearly where it was a week ago before last Wednesday’s sharp sell-off. Fed minutes and OPEC's meeting take center stage today and tomorrow. A four-day rally faces steep resistance near all-time record highs between 2405 and 2406 for the S&P 500 (SPX). The question today is whether enough buyers will show up to push the market through that barrier or if pre-holiday profit taking starts to creep in ahead of the long weekend. As the market eyes a possible test of those lofty levels, U.S. volatility eased despite the terror attack in England, with VIX dropping back below 11. Meanwhile, some so-called safe haven assets also came under pressure, including Treasuries and gold. Bond yields climbed back toward 2.3\% for the 10-year note, while oil looked flat but is up five days in a row ahead of tomorrow’s OPEC meeting (see below). While terror concerns remain front and center across the Atlantic, there was good economic news this week from that part of the world. Eurozone composite PMI remained at 56.8 in May, equal to April and near six-year highs. The euro keeps climbing vs. the dollar amid signs of European economic vigor after a long sluggish period. Generally, this could be seen as a positive development for U.S. stocks, because a healthy Europe often means better markets for U.S. companies. European stocks were mixed Wednesday, and the euro rose slightly vs. the dollar. On the other hand, the news in Asia wasn’t as good. Moody’s Investor Services lowered its credit rating for China, and stocks there fell as investors worried about possible slowing growth. Back home, existing home sales and Fed minutes ...Full story available on Benzinga.com...
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Section 232 Public Hearing Wednesday Is 'Unlikely To Affect Steel Equities'

May 24 9:26am Commodities
The Department of Commerce (DOC) is set to hold the Section 232 Hearing at 10 a.m. ET. The meeting, which was extended due to "unexpectedly high demand” from individuals wishing to speak, is unlikely to affect steel equities according to Alexander Hacking, an equities research analyst at Citi. However, it's interesting to note steel stocks did outperform on Tuesday and in Wednesday’s pre-market session. United States Steel Corporation (NYSE: X) is up 2.06 percent in the pre-market. AK Steel Holding Corporation (NYSE: AKS) up 1.15 percent in the pre-market. Nucor Corporation (NYSE: NUE) up 1.21 percent in the pre-market. Steel ...Full story available on Benzinga.com...
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More Earnings Today. The Corn & Ethanol Report 05/24/17

May 24 9:07am InsideFutures.com Commentary
On tap for today we have Existing Home Sales at 9:00 A.M., EIA Energy Stocks at 9:30 A.M., Dairy Product Sales at 2:00 P.M. and more earnings. Last night’s API Energy Stocks showed declines in Oil Stocks and the market just did not seem to rally as expected ahead of Thursdays OPEC meeting which...
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OPEC and Company! The Energy Report 05/24/17

May 24 8:49am InsideFutures.com Commentary
OPEC is getting ready to have a big party in Vienna as they hammer out an extension of the current OPEC agreement. While there has been some last minute negotiating by some players like Iraq, it is likely the deal will be extended by nine months. The Wall Street Journal is reporting the, “Ecuadorean...
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Soybeans Futures - BUTTERFLY Chart Pattern Target near 986

May 24 7:33am InsideFutures.com Commentary
Harmonic Price Target near 986...
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Bulging Inventories Chase Production Trend

May 24 7:32am AgWeb
Product markets soften as a result    ...
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FTSE rallied after completing Elliott wave FLAT

May 24 7:23am InsideFutures.com Commentary
FTSE rallied after completing Elliott wave FLAT...
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Crops Progress Despite Excessive Rain

May 24 7:00am AgWeb
Despite weeks of downpour, farmers across the U.S. are pushing forward and getting crops in the ground. Corn is 84\% planted, just one point behind the five-year average, and soybeans are 53\% planted or one point above the five-year average.
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Waiting for OPEC

May 24 6:48am InsideFutures.com Commentary
If the producers will go into deeper cuts the bulls could be able to keep control...
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Young Farmer Q&A: Scott Spohn of Nebraska

May 24 5:00am AgWeb
Scott Spohn, 38, of Friend, Neb., is investing in sustainability practices in cooperation with organizations such as Field to Market. He also places a premium on spending time with his family despite having a busy schedule. ...
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Fedspeak Doesn't Slowdown Markets

May 24 4:36am InsideFutures.com Commentary
Yesterday we had three speeches by two FOMC Members and it didn't stop the markets from advancing. Will that advance continue today? Read on to learn more...
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ES_F Elliott Wave View: Ending Impulse

May 24 1:58am InsideFutures.com Commentary
ES\_F rally from 5/18 low (2344.69) is expected to extend to 2404 - 2410 then it should pullback in wave ((b)) before turning higher again...
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New Bullish Wolfe Wave - Soybeans end of May 2017

May 24 1:04am InsideFutures.com Commentary
Wolfe Wave Bottom. DOUBLE BOTTOM.
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Wild Pigs a Worldwide Problem

May 23 10:25pm AgWeb
Wild pigs are as much a problem in Europe as they are in the U.S., say industry, government and health officials there. Rome’s Democratic Party has accused the city’s present administration of failing to tackle the problem of rubbish in the streets, thought to be a factor in attracting [...]...
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Chilly Weather Risks Delaying Black Sea Wheat, Barley Harvest

May 23 7:58pm AgWeb
Some farms may start wheat harvest 10 days later than normal.
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Profit Tracker: Packer Margins Near $200

May 23 6:28pm AgWeb
A second week of declining cash cattle prices coupled with increasing beef cutout prices raised packer margins $73 to $198 per head last week, according to the Sterling Beef Profit Tracker.
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E-Mini S&P 500: Trump's budget plans on course!

May 23 6:22pm InsideFutures.com Commentary
E-Mini S&P 500: Trump's budget plans on course!...
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What To Do When Your Corn Seedlings Turn Purple

May 23 5:56pm AgWeb
Is it just a cosmetic injury or a signal of real damage?...
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There Aren't Enough Slaughterhouses to Support the Farm-to-Table Economy

May 23 5:12pm AgWeb
Sellers of high-end pork, beef, and chicken agree: there simply aren't enough facilities to humanely and safely kill their animals.
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Lean Hogs June 2017 for 5/24/17

May 23 4:57pm InsideFutures.com Commentary
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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Rain Makes Grain

May 23 4:48pm AgWeb
This is a wet spring for planting corn. Similar years provide good profit opportunities in June. Will this year repeat. If so, be ready.
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EPA Won't Declare Lake Erie's Ohio Waters 'Impaired'

May 23 4:22pm AgWeb
The U.S. Environmental Protection Agency won't declare Ohio's western end of Lake Erie impaired by toxic algae, siding with state regulators who say they are making progress in tackling the problem.
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Gold Challenge Contest + Trading Levels & Economic Reports for May 24th

May 23 4:12pm Support & Resistance Levels
Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.    Take the CME Group Gold Challenge Gold futures at CME Group are one of the most traded futures contracts today. Many traders use Gold futures as a safe-haven contract during times of economic uncertainty. Now CME Group invites you to put […] The post Gold Challenge Contest + Trading Levels & Economic Reports for May 24th appeared first on Support & Resistance Levels.
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MDA SnapShot: Short 30yr Bond Trade Update, 5/23/17

May 23 3:57pm 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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Steel Stocks Outperform Ahead Of Wednesday's Commerce Department Hearing

May 23 3:48pm Commodities
Steel stocks were up big on Tuesday ahead of the Department of Commerce hearing on the Section 232 probe. The DoC is set to come out with more details regarding the impact steel imports has on U.S. national security. Stock Movements United States Steel Corporation (NYSE: X): Up 5.27 percent. AK Steel Holding Corporation (NYSE: AKS): Up 9.55 percent. Nucor Corporation (NYSE: NUE): Up 3.54 percent. Steel Dynamics, Inc. (NASDAQ: STLD): Up 4.08 percent. Worthington Industries, Inc. (NYSE: WOR): Up 3.29 percent. Analyst Commentary A Jefferies research analyst suggested a high probability of the DoC institutes more incremental trade defense measures but noted most of the investigation remains unknown going into Wednesday. The report noted investors should expect “to garner a better understanding of the true breadth of the investigation with presenters likely to include domestic-international mills, ...Full story available on Benzinga.com...
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Week 22 Seasonality Profile for the S&P 500 and US Dollar Index Futures

May 23 3:40pm InsideFutures.com Commentary
Introducing new markets and a new seasonality research website.
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MDA SnapShot: July Crude Oil Long Position Update, 5/23/17

May 23 3:31pm 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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Keeping Microbes Happy Key to Crop Success

May 23 2:46pm AgWeb
Microscopic organisms can make or break your crop...
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Mid-Afternoon Market Update: America's Car-Mart Rises On Earnings Beat; Alexion Shares Drop

May 23 2:41pm Commodities
Toward the end of trading Tuesday, the Dow traded up 0.22 percent to 20,941.76 while the NASDAQ declined 0.02 percent to 6,132.66. The S&P also rose, gaining 0.19 percent to 2,398.65. Leading and Lagging Sectors Utilities sector was the top gainer in the US market on Tuesday. Top gainers in the sector included TransAlta Corporation (USA) (NYSE: TAC), Companhia Paranaense de Energia (ADR) (NYSE: ELP), and Companhia de Saneamento Basico (ADR) (NYSE: SBS). In trading on Tuesday, cyclical consumer goods & services shares fell 0.19 percent. Meanwhile, top losers in the sector included Kirkland's, Inc. (NASDAQ: KIRK), down 10 percent, and AutoZone, Inc. (NYSE: AZO), down 9 percent. Top Headline AutoZone, Inc. (NYSE: AZO) posted weaker-than-expected earnings for its third quarter on Tuesday. AutoZone reported earnings of $11.44 per share in the quarter on revenue of $2.62 billion. Analysts were expecting earnings of $11.66 per share on revenue of $2.71 billion. Equities Trading UP Global Sources ...Full story available on Benzinga.com...
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The Windy City Trader. 05/23/17

May 23 2:15pm InsideFutures.com Commentary
With Memorial Day approaching next week I for one offer my greatest thanks and gratitude to all of our military personal past, present and future and pray for their sacrifice and safety on this coming Memorial Day and always. I guess 18 year olds in past generations weren’t allowed the luxury of...
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