The market has been in a trading range and will likely remain that way for the next few weeks. Doug Werling, with Bower Trading, says that, while there are no big market movers, there are a lot of little ones, “At some point, we are going to have to address the large amount of re-planting that is taking place. In addition, the Illinois corn crop is in the lowest starting position in 30 years. So there are a lot of factors out there that could move the market, the problem is they are just not widespread enough to get the market’s attention.” He added the market is trading in a very reactionary fashion, last Thursday’s session was an example.
Werling said another factor to watch this week is the value of the dollar, “The dollar got below 97 on Friday for the first time in quite a while. That is a tremendous opportunity for the U.S. exporter.” He said, hands down, a lower dollar is good for U.S. farm exports.
For more information, contact Bower Trading at 1-800-533-8045 or www.bowertrading.com.
This material has been prepared by a sales or trading employee or agent of Bower Trading Inc and is, or is in the nature of, a solicitation. This material is not a research report prepared by Bower Trading Inc. By accepting this communication, you agree that you are an experienced user of the futures markets, capable of making independent trading decisions, and agree that you are not, and will not, rely solely on this communication in making trading decisions.
DISTRIBUTION IN SOME JURISDICTIONS MAY BE PROHIBITED OR RESTRICTED BY LAW. PERSONS IN POSSESSION OF THIS COMMUNICATION INDIRECTLY SHOULD INFORM THEMSELVES ABOUT AND OBSERVE ANY SUCH PROHIBITION OR RESTRICTIONS. TO THE EXTENT THAT YOU HAVE RECEIVED THIS COMMUNICATION INDIRECTLY AND SOLICITATIONS ARE PROHIBITED IN YOUR JURISDICTION WITHOUT REGISTRATION, THE MARKET COMMENTARY IN THIS COMMUNICATION SHOULD NOT BE CONSIDERED A SOLICITATION.
The risk of loss in trading futures and/or options is substantial and each investor and/or trader must consider whether this is a suitable investment. Past performance, whether actual or indicated by simulated historical tests of strategies, is not indicative of future results. Trading advice is based on information taken from trades and statistical services and other sources that Bower Trading Inc believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades.