In This Issue
Economic Reports and Expiration Notices
Please note that Equity Indices products TF, ES, NQ, EMD and YM roll on Thursday the 12th at 8:30 am Chicago time from the March 09 contract to the June 09 contract.
The month code for June is 'M'. Last trade for March Currencies is Monday the 16th. Please close any open March Currencies position by the close on Friday the 13th. Should you have any further questions, please contact your broker.
|
E-Futures International
|
Spring is fast approaching. The snows of winter will soon melt away. The trees will blossom. The rivers will run with increasing vigor. And grain traders around the world will start thinking about their favorite things...droughts, floods, and unusual temperature patterns. It is the annual season for concerns about the growing conditions for the North American grain crops, particularly corn and soybeans.
Too hot. Too cold. Too wet. Too dry. All of these concerns, real or perceived, lead to crop production deficit concerns. This year should be no different. We have had drought conditions in Australia for their wheat crop. South American soybeans in Brazil are currently receiving too much rain, which is starting to cause some concern about harvest delays. This winter, in the winter wheat areas of the Midwest, reduced rainfall has caused farmers concern.
It is time to switch our television viewing habits from ESPN to the Weather Channel. Weather conditions between March and August will impact the size and quality of the North American grain crops. We, as traders, need to pay close attention to crop conditions and expectations.
Most of you focus your trading activity on stock indexes and other financial instruments. Now could be the time to look at the grain markets and bring into your trading arsenal a longer term strategy in the grain markets.
Will there be a real crisis in growing conditions this year? No one knows. Certainly, I don't know. But I do know that the anticipation of drought conditions, or planting delays due to cold or wet or dry weather, can produce significant moves in grain prices. The fear of drought or temperature deviations from normal patterns can move the markets quickly and decisively.
Now is the time to plan and implement your strategy. Talk with your Cannon Trading broker to formulate an effective plan. Options using outright calls, or more complex spread or straddle combinations, should be discussed and considered. Longer term moves require the ability to hold positions during daily market price fluctuations. Option positions can serve this need very well. They insulate the trader from short term gyrations that may otherwise cause the liquidation of futures positions. Catching a significant jump in corn and soybean prices during the spring can boost your equity to new heights. We may see "beans in the teens" again this year...and if we do, everyone should be enjoying the ride. Plan your trade, and trade your plan. Make this year your best trading year ever.
Read what the respected MF Global Research has to say about grain markets, as well as debt markets, equity markets, currencies, precious metals, energies, livestock, crb, and trade recommendations for free.
Read the Monthly Market Memo for free!
Fill out the short form below for instant access.
Cannon Trading respects your privacy and will never give this information to a 3rd party.
Add real-time global stock index prices to your site:
Source: Moore Research Center, Inc.
| Date | Reports | Expiration & Notice Dates |
|---|---|---|
| 03/12 Thu |
7:30 AM CDT - USDA Weekly Export Sales
7:30 AM CDT - Initial Claims-Weekly 7:30 AM CDT - Retail Sales(Feb) 9:00 AM CDT - Business Inventories(Jan) 9:35 AM CDT - EIA Gas Storage 3:30 PM CDT - Money Supply |
|
| 03/13 Fri |
7:30 AM CDT - Dairy Products Prices
7:30 AM CDT - Export & Import Prices(Feb) 7:30 AM CDT - Trade Balance(Jan) 9:00 AM CDT - Mich Sentiment-Prel(Mar) |
LT: Mar Lumber(CME)
Mar CRB Index(ICE) Mar Wheat(CBT) Mar Corn(CBT) Mar Soybeans(CBT) Mar Soybean Oil(CBT) Mar Soybean Meal(CBT) Mar Rough Rice(CBT) Apr Coffee Options(ICE) |
| 03/16 Mon |
7:30 AM CDT - NOPA Crush
8:15 AM CDT - Capacity Util & Industrial Prod(Feb) |
FN: Mar Currencies(CME)
Mar Lumber(CME) LT: Mar Currencies(CME) Mar US Dollar Index(ICE) Mar LIBOR(CME) Mar GSCI(CBT) Mar US T-Bill(CBT) Mar Eurodollar(CME) Mar Cocoa(ICE) Apr Brent Crude Oil(NYM) Mar LIBOR Options(CME) Mar Eurodollar Options(CME) Mar GSCI Options(CBT) Mar US T-Bill Options(CBT) |
| 03/17 Tue |
St. Patrick's Day
7:30 AM CDT - Building Permits(Feb) 7:30 AM CDT - Housing Starts(Feb) 7:30 AM CDT - Core PPI & PPI(Feb) |
FN: Mar Canadian Dollar(CME)
Mar US Dollar Index(ICE) LT: Mar Canadian Dollar(CME Mar Crude Lt. Options(NYM) |
| 03/18 Wed |
7:30 AM CDT - Core CPI & CPI(Feb)
9:35 AM CDT - API & DOE Energy Stats |
LT: Apr Platinum Options(CMX)
|
| 03/19 Thu |
7:30 AM CDT - USDA Weekly Export Sales
7:30 AM CDT - Initial Claims-Weekly 9:00 AM CDT - Leading Indicators(Feb) 9:00 AM CDT - Philadelphia Fed(Mar) 9:35 AM CDT - EIA Gas Storage 3:30 PM CDT - Money Supply |
LT: Mar Coffee(ICE)
Mar NASDAQ(CME) Mar S&P 500(CME) Mar Valueline(CME) Apr Mini-Crude Oil(NYM) Mar NASDAQ Options(CME) Mar S&P 500 Options(CME) Mar Valueline Options(CME) |
* 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!
