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In This Issue

Jun'08 US 30yr Treasury Bond - 117-005 Pivotal Support

Special Feature: Ethanol, BioFuels: Gov't subsides and Who Makes the Final Decision

Economic Reports and Expiration Notices

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April 23rd, 2008 — Issue #425

 


 

Jun'08 US 30yr Treasury Bond - 117-005 Pivotal Support

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Jun'08 US 30yr Treasury Bond - 117-005 Pivotal Support

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Special Feature: What's Happening Down on Planet Earth? Ethanol, BioFuels: Gov't Subsides and Who Makes the Final Decision

by John Thorpe, Senior Broker with Cannon Trading Co., Inc.

In the past few weeks we shared with our newsletter readers a couple of different techniques traders use for shorter term trading or day-trading. The rationale in the trading world is that the lower the time frame you are looking at, the more technical in nature your decision making should be, and the longer time frame you are looking at, the more fundamental your analysis should be.

The following article takes a look at trading from the fundamental side. Obviously a balanced approach is always a plus and trade / money management is a must.

The Agriculturalists' Tough Decision

A good client of mine who lives and operates a farm in the very productive Corn and Soybean belt recently commented that "in his back yard, a venerable and large producer (at the first possible opportunity) has been sowing soybean seeds instead of the corn that he usually does this time of year."

The implications of course of this observation can be construed as bullish for the price of "new" crop corn contract prices and bearish for "new"" crop soybean contract prices if many other decision makers arrived at the same conclusion.

What Would You Do?

There many ways to try and take advantage of a longer term market view. Some feel more at ease with long options, while others prefer to use "outright future position." There are many strategies in between. Future spreads (intra-commodity and inter commodity), combination of futures and options, advanced options spreads and much more.

To request specific trade recommendations from one of our senior brokers or to read the supporting in-depth geo-metric annual data and analysis, please fill out the short form below:

Continue reading What's Happening Down on Planet Earth? Ethanol, BioFuels: Gov't Subsides and Who Makes the Final Decision.

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Disclaimer: There is a risk of financial loss in futures and options trading. Futures trading is neither easy nor an easy way to make money. It takes hard work to have success. Please use sound money management when trading futures. Past performance is not necessarily indicative of future results. Nothing in this newsletter is intended to be a trading recommendation for you to buy or sell futures or options. All information has been obtained from sources believed to be reliable, but accuracy is not guaranteed. Readers are solely responsible for how they use the information in this newsletter.

 

 

Economic Reports and Expiration Notices

Source: Moore Research Center, Inc.

Date Reports Expiration & Notice Dates
04/24
Thu
7:30 AM CDT - Durable Orders(Mar)
7:30 AM CDT - USDA Weekly Export Sales
7:30 AM CDT - Initial Claims-Weekly
9:00 AM CDT - New Home Sales(Mar)
9:30 AM CDT - EIA Gas Storage
3:30 PM CDT - Money Supply
FN: May Crude Oil(NYM)
LT: Apr Feeder Cattle(CME)
Apr Feeder Cattle Options(CME)
May Silver Options(CMX)
May Gold Options(CMX)
May Copper Options(CMX)
04/25
Fri
7:30 AM CDT - Dairy Products Prices
7:30 AM CDT - Livestock Slaughter
9:00 AM CDT - Michigan Sentiment-Rev(Apr)
 
LT: May Wheat Options(CBT)
May Heating Oil Options(NYM)
May Unleaded Gas Options(NYM)
May Natural Gas Options(NYM)
May 30-Yr US Bond Options(CBT)
May Corn Options(CBT)
May Oat Options(CBT)
May Rough Rice Options(CBT)
May Soybean Options(CBT)
May Soybean Oil Options(CBT)
May Soybean Meal Options(CBT)
04/28
Mon

 
 
 
LT: Apr Copper(CMX)
Apr Platinum(CMX)
Apr Gold(CMX)
Apr Silver(CMX)
May Natural Gas(NYM)
04/29
Tue
9:00 AM CDT - Consumer Confidence(Apr)
 
 
 
FN: May Natural Gas(NYM)
 
 
 
04/30
Wed
7:15 AM CDT - ADP Employment(Apr)
7:30 AM CDT - GDP-Adv(Q1)
7:30 AM CDT - Chain Deflator-Adv(Q1)
7:30 AM CDT - Employment Cost Index(Q1)
8:45 AM CDT - Chicago PMI(Apr)
9:30 AM CDT - API & DOE Energy Stats
2:00 PM CDT - Agricultral Prices
1:15 PM CDT - FOMC Policy Statement
FN: May Corn(CBT)
May Wheat(CBT)
May Oats(CBT)
May Rough Rice(CBT)
May Soybeans(CBT)
May Soybean Meal(CBT)
May Soybean Oil(CBT)
May Copper(CMX)
May Silver(CMX)
May Gold(CMX)
May Platinum(NYM)
May Palladium(NYM)
LT: Apr Live Cattle(CME)
Apr Fed Funds(CBT)
May Heating Oil(NYM)
May RB Gasoline(NYM)
May Sugar(ICE)
May Lumber Options(CME)
05/01
Thu
7:30 AM CDT - Personal Income & Spending(Mar)
7:30 AM CDT - PCE Core Inflation(Mar)
7:30 AM CDT - USDA Weekly Export Sales
7:30 AM CDT - Initial Claims-Weekly
9:00 AM CDT - Construction Spending(Mar)
9:00 AM CDT - ISM Index(Apr)
9:30 AM CDT - EIA Gas Storage
3:30 PM CDT - Money Supply
Auto & Truck Sales

 
 
 

 


 

* Please note that the information contained in this letter is intended for clients, prospective clients, and audiences who have a basic understanding, familiarity, and interest in the futures markets.

** The material contained in this letter is of opinion only and does not guarantee any profits. These are risky markets and only risk capital should be used. Past performances are not necessarily indicative of future results.

*** This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts herein contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgment in trading!