Proprietary Newsletter

BROKERSEDGE

Latest Newsletter

BROKERSEDGE

Futures market news and research – BrokersEDGE 1-23-18

E-mini S&P (March) Yesterday’s close: Settled at 2835.25 Fundamentals: The S&P gained nearly 1% to kickoff the week. We reiterated on Friday and early yesterday while the S&P was still in the red that shorts better watch out. With strong earnings and undeniable momentum, the government shutdown ultimately brought a fear of missing out. What if the shutdown was fixed over the weekend while the market was close? It wasn’t, so the market worked higher through the session on Monday in anticipation of the stopgap deal that was reached late yesterday. The deal will keep the government running through February...
Read More
BROKERSEDGE

Grain Futures market news and research – BrokersEDGE 1-23-18

CORN (March) Yesterdays Close: March corn futures finished yesterday’s session down ½ of a cent, trading in a range of 3 ¼ cents. Funds were estimated sellers of 5,000 contracts. Fundamentals: Recent weather in Argentina has prompted concerns over yield loss, if realized this could be a catalyst to achieve a technical breakout and encourage short covering. We have February option expiration on Friday and 350 looks to be the magnet. As of this morning there are roughly 33,000 open calls between 350 and 355. On the put side, there are roughly 27,000 open between 350 and 345. Strikes with...
Read More
BROKERSEDGE

Futures news and commentary – BrokersEDGE 1-19-18 Grain market

CORN (March) Yesterdays Close: March corn futures finished yesterday’s session down 1 cent, trading in a range of 3 ½ on the day. Funds were estimated sellers of 6,500 contracts. Fundamentals: Yesterdays weekly EIA ethanol report showed production increased to 1,061,000 barrels per day, this was a nice rebound from last week’s drop off to 996,000 barrels; in fact, it was the largest 1 week rebound on record. Export sales this morning came in at 1,888,300 metric tons, this was well above the expected range and a silver lining for the bulls. The bulls desperately need to see a trend...
Read More
BROKERSEDGE

Futures commentary, news and research- BrokersEDGE 1-19-18

E-mini S&P (March) Yesterday’s close: Settled at 2796.25 Fundamentals: The S&P settled at the low end of its range yesterday but has recovered firmly into this morning with the technicals laying a roadmap. Equity markets seem to be either unconcerned or outright doubting that the government could shut down at midnight tonight. Let’s take a brief stroll down memory lane and visit recent price action due to political hurdles. Beginning with the Brexit, equity markets sold off sharply but began a recovery within one week. On the 2016 presidential election results, markets sold off sharply, in fact the S&P was...
Read More
BROKERSEDGE

Futures research and news – BrokersEDGE 1-18-18 Corn, Wheat and soybean futures

  CORN (March) Yesterdays Close: March corn futures finished yesterday’s session up 3 ¾ cents, trading in a range of 5 on the day. Funds were estimated buyers of 17,000 contracts. Fundamentals: Yesterdays move higher is mostly attributed to short covering funds as there was not much new news across the wires. Weather in South America continues to be watched closely as some weather models conflict each other. Outside of South American weather and crop development, we will continue to keep an eye on the trend of exports. The market needs to start seeing a trend of better than expected...
Read More
1 2 3 30

Archive


Sign up for BROKERSEDGE.