In This Issue
1. Monthly Soft Commodities Outlook
2. Trading Resource: Daily Blog
3. Economic Calendar
Produced by J. Ganes Consulting, LLC for the ICE Exchange. This 8 page PDF file provides trade ideas, trade outlook, possible spreads, news about the different crops, politics and much more for Cocoa, Sugar, Coffee, orange Juice and Cotton. See the following excerpt.
There is sometimes a fine line of demarcation when a weather pattern develops that can be exceedingly worrisome for the market if it continues for an extended time period but changes in sufficient time that it actually has the opposite effect and becomes surprisingly beneficial for production. One example that comes to mind would include a freeze threat for the Florida citrus crop. The FCOJ market climbs a wall of worry as soon as weather forecasts show that the mercury is going to drop and temperatures could plunge below the freezing mark. Futures have sometimes risen 5 or even 10 cents in advance of the cold spell depending on the confidence level of the meteorological forecasts and whether it seemed to traders that it would be a “sure thing” or not. Perhaps, the cold air does rush into the citrus region as forecast, but maybe cloud cover kept ground temperatures warmer than expected or winds kept the cold air from penetrating the groves and freeze damage was averted. Chances are then that not only did the crop escape losses but the cold spell was probably beneficial for the crop as the chillier temperatures helped to promote color of the maturing fruit. A potentially bullish event became bearish.
You can access the full 8 page PDF file by filing out this quick form below.
In addition to our weekly newsletter, Cannon Trading also publishes daily blog, delivered via email or on our site during the trading week.
This Blog provides futures market outlook for different commodities and futures trading markets, mostly stock index futures, as well as support and resistance levels for Crude Oil futures, Gold futures, Euro currency and 6 other markets. At times the daily blog will include educational information about different aspects of commodity and futures trading.
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Source: Moore Research Center, Inc.
| Date | Reports | Expiration & Notice Dates |
| 09/21 Wed |
6:00 AM CDT - MBA Mortgage Purchase Index 9:00 AM CDT - Existing Home Sales(Aug) 9:30 AM CDT - API & DOE Energy Stats | LT: Sep 10 Year Notes(CBT) Sep Bonds(CBT) Sep Butter(CME) Oct Platinum Options(CMX) Oct Palladium Options(CMX) |
| 09/22 Thu |
7:00 AM CDT - Cotton Consumption 7:00 AM CDT - Census Crush 7:30 AM CDT - USDA Weekly Export Sales 7:30 AM CDT - Initial Claims-Weekly 9:00 AM CDT - FHFA Housing Price Index(Jul) 9:00 AM CDT - Leading Indicators(Aug) 9:30 AM CDT - EIA Gas Storage 2:00 PM CDT - Cold Storage 3:30 PM CDT - Money Supply | FN: Oct Crude Lt(NYM) |
| 09/23 Fri |
7:30 AM CDT - Dairy Products Prices 2:00 PM CDT - Cattle On Feed | LT: Oct 2,5,10 Year Notes Options(CBT) Oct Bonds Options(CBT) Oct Corn Options(CBT) Oct Rough Rice Options(CBT) Oct Oats Options(CBT) Oct Soybeans Options(CBT) Oct Soymeal Options(CBT) Oct Soyoil Options(CBT) Oct Wheat Options(CBT) Oct Barley Options(CBT) |
| 09/26 Mon |
9:00 AM CDT - New Home Sales(Aug) | FN: Oct Cotton(CME) |
| 09/27 Tue |
8:00 AM CDT - Case-Shiller 20-City Index(Jul) 9:00 AM CDT - Consumer Confidence(Sep) | LT: Oct Copper Options(CMX) Oct Gold Options(CMX) Oct Silver Options(CMX) Oct Heating Oil Options(NYM) Oct RBOB Gasoline Options(NYM) Oct Natural Gas Options(NYM) |
| 09/28 Wed |
6:00 AM CDT - MBA Mortgage Purchase Index 7:30 AM CDT - Durable Orders(Aug) 9:30 AM CDT - API & DOE Energy Stats 2:00 PM CDT - Quarterly Hogs & Pigs | LT: Sep Copper(CMX) Sep Gold(CMX) Sep Silver(CMX) Sep Platinum(CMX) Sep Palladium(CMX) Oct Natural Gas(NYM) |
| 09/29 Thu |
7:30 AM CDT - USDA Weekly Export Sales 7:30 AM CDT - Initial Claims-Weekly 7:30 AM CDT - GDP & GDP Deflator-Third Estimate(Q2) 9:00 AM CDT - Pending Home Sales(Jul) 9:30 AM CDT - EIA Gas Storage 3:30 PM CDT - Money Supply | FN: Oct Natural Gas(NYM) LT: Sep Feeder Cattle(CME) Sep Milk(CME) Sep Feeder Cattle Options(CME) Sep Milk Options(CME) |
| 09/30 Fri |
7:30 AM CDT - Dairy Products Prices 7:30 AM CDT - Grains Stocks 7:30 AM CDT - Small Grains Summary 7:30 AM CDT - PCE Prices-Core(Aug) 7:30 AM CDT - Personal Income & Spending(Aug) 8:45 AM CDT - Chicago PMI(Sep) 8:55 AM CDT - Michigan Sentiment-Final(Sep) | FN: Oct Copper(CMX) Oct Gold,Silver(CMX) Oct Platinum,Palladium(CMX) Oct Soymeal,Soyoil(CBT) Oct Barley(CBT) LT: Sep 2,3,5 Year Notes(CBT) Sep Fed Funds(CME) Oct Heating Oil(NYM) Oct RBOB Gasoline(NYM) Sep Fed Funds Options(CME) Oct Lumber Options(CME) |
| 10/03 Mon |
9:00 AM CDT - Construction Spending(Aug) 9:00 AM CDT - ISM Index(Sep) 2:00 PM CDT - Auto & Truck Sales(Oct) | FN: Oct Sugar-11(CME) |
| 10/04 Tue |
9:00 AM CDT - Factory Orders(Aug) | FN: Oct Heating Oil(NYM) Oct RBOB Gasoline(NYM) |
* 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!