Things to Watch This Week /Strategies

[charliep]

What market information will you be watching this week? Strategies you will be using?

Notes from looking at the charts (my normal process):

Dec. CBT corn Friday - 6.26 1/2 (contract high - $6.50/May 9).

Nov. CBT beans Friday - $13.54 (contract high 13.99/May 4)

Dec. CBT beanoil Friday - 62.90 (contract high 72/Mar. 3)

Dec. KCBT wheat Friday 8.36 (contract high $12.80/March 13). To put the CWB FPC in context, the Friday CPS was $7.29/bu (high to day about $11.34/March 14).

Dec MGE wheat Friday 8.75 (contract high $13.10/Feb. 27). To put the CWB FPC in context, the Friday CWRS was $8.36/bu (high to day about $11.34/bu on Feb. 26 - one day after day first PRO was released).

Nov. ICE canola Friday 641.40 (contract high $761/Mar. 3). should go back over history but interesting to note the relationship of $10/tonne canola equals about 1 penny bean oil (not exact).

[Hopperbin]

Did the Chinese eliminate or reduce their import tariff of 9 percent yet? That would be a big plus, I hear they are thinking about reducing the import tariff on all oils.

[SASKFARMER3]

Elliot Wave said watch wheat its ready for next phase.