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It will be both necessary and difficult for new traders to understand the fundamentals of Commodity Grain Futures in Markets. There are three divisions that traders should notice when arriving at the Data and Statistics:
• Economic Research Service (ERS),
• Foreign Agricultural Service (FAS) and
• National Agricultural Statistics Service (NASS)
There are over forty reports broken down by different commodities and the world, regions, and countries that produce and consume them. And there are figures for commodity grain imports, exports, production, supply, usage, yield, and more.
Another great tool to take advantage of is the World Agricultural Supply and Demand Estimates (WASDE) reports. This can be found by going to the USDA Office of the Chief Economist’s site.
A nice attribute of this report is that all of the commodity grain markets driving fundamental statistics are listed. This also has nice forecasts for the coming crop year. The WASDE reports are used by a large percentage of individuals who trade commodity grain markets. To get more information, just visit Commodity Grain Report.
Source: forex trading signals, forex signals
Wednesday, 17 March 2010
Wednesday, 3 March 2010
Wheat Rises as U.S. Growers Store Grain, Awaiting Price Rally
According to Bloomberg, "Wheat rose for the first time this week on speculation that U.S. growers are limiting sales on speculation that a stalled dollar rally will revive demand for the Grain Futures."
Due to the high demand in Grain, global wheat supplies are rising faster and the price has slumped 4.8 percent this year. The dollar fell as much as 0.9 percent today against an index of six major currencies.
Wheat futures for May delivery climbed 11.25 cents, or 2.2 percent, to $5.1575 a bushel on the Chicago Board of Trade. The most-active contract has risen 2.8 percent in the past year.
Wheat is the fourth-biggest U.S. crop, valued at $10.6 billion in 2009, behind Corn, soybeans and hay, government data show. The nation is the world’s largest wheat exporter.
Source: Bloomberg
Source: forex trading signals, forex signals
Due to the high demand in Grain, global wheat supplies are rising faster and the price has slumped 4.8 percent this year. The dollar fell as much as 0.9 percent today against an index of six major currencies.
Wheat futures for May delivery climbed 11.25 cents, or 2.2 percent, to $5.1575 a bushel on the Chicago Board of Trade. The most-active contract has risen 2.8 percent in the past year.
Wheat is the fourth-biggest U.S. crop, valued at $10.6 billion in 2009, behind Corn, soybeans and hay, government data show. The nation is the world’s largest wheat exporter.
Source: Bloomberg
Source: forex trading signals, forex signals
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