01/04/2020: Oats Find Their Own Way |
Oats, which used to be known for tracking corn prices, began to find their own way when plnated acreage declined in the U.S. Other crops were more profitable. This led to a shortage, along with trade restriction problems with Canada, and began to drive up the price of oats. Currently, they seem to be on a track of their own.
In fact, oats have been one of the strongest commoditiy performers this past year, up 27%.
Our recent article on Oats is in the Archives Section below.
01-12-2020: Some Commodities We Haven't Currently Reviewed |
How do we pick a commodity for review? Here are technical strength or weakness ratings for 12/31//2019 on the other major commodities not being currently being reviewed or traded on this site. One way to choose a commodity for review is to look at the previous activity and compare it to the present one, to see if there were any dramatic changes. Commodities currently under review on our list of about 18 on this site are not shown below. It's just a way of keeping track of what else is going on with other commodities.
Current Actvity:
Previous Activitiy:
The ratings are good only for date shown, and rapidly change each day, whereas we review the list only periodically. Once a commodity appears on our list of articles and is being currently traded, we consider its long-term direction has been established and trade consistently from that direction wtihout worrying about day-to-day changes. However, that procedure is not the one we use in swing trading stocks.
Archive List
01-18-2020: March Oats: Reduced Planted Acreage
01-04-2020: March Feeder Cattle: Less Liquidity and Direction
12-19-2019: April Platinum: So. African Power Outages Affect Mine Production
12-10-2019: March Coffee: Global Supply Diminishes
11-23-2019: January Orange Juice: Supply/Demand Issues
10-30-2019: December Ethanol: Uncertainty Faces Use
10-25-2019: December Silver: Bank Illiquidity Supports Precious Metals
10-21-2019: December British Pound: Chaos in Parliament
10-14-2019: December Cocoa: Multinationals Urged to Susport Sustainability
10-10-2019: November Rough Rice: Relatively Flat Trade
10-01-2019: November Gasoline:: Saudi Production Limited Impact
09-12-2019: December S&P 500 Index: How Is the Little Guy Benefitted?
08-26-2019: October Milk, Class III: Dairy Farms Driven Out of Business
08-20-2019: December Live Cattle: Plant Fire Causes Backlog
08-14-2019: December Chicago Wheat: Too Much Around
08-11-2019: December Soybean Oil: China Allowed to Dominate Market
08-03-2019: December Cotton: New Tariffs Sink Agricultural Economy
07-29-2019: September Copper: Renewable Energy Sources Demand Copper
07-25-2019: October World Sugar: Supplies Plentiful
07-17-2019: September Lumber: Canadian Mill Curtailment
Performance |
Updated once a week (usually on Saturdays) unless the preceding week had less than five trading days.
# Commodity BS Buy Sell Last Gain Intended Rough Group
(Loss) Risk Percent
4 Feb Ethanol C 130.10 138.70 134.90 $ 6,760 14,800 10.9% Energies
10 Mar Soybean Oil C 34.36 34.45 33.35 $ 240 14,940 22.0% Grains
5 Mar British Pound C 130.89 129.78 130.40 $ -3,619 3,469 1.3% Currency
7 Mar Cocoa C 25.67 27.97 27.97 $ 15,890 14,980 22.0% Softs
5 Mar Cotton #2 C 70.01 71.10 71.25 $ 2,575 14,975 5.5% Cotton
10 Feb Milk Cl.III S 17.51 17.43 $ 1,300 14,800 5.4% Dairy
2 Mar S & P 500 E-Mini C 328.00 331.60 332.50 $ 3,540 14,900 5.5% Stock Id
4 Mar Feeder Cattle C 143.30 147.15 145.00 $ 7,580 14,980 11.0% Meats
3 Mar Hi Grade Copper C 281.80 287.40 284.50 $ 4,110 14,925 5.5% Copper
4 Mar Coffee "C" C 117.00 118.55 112.15 $ 2,205 14,985 22.0% Softs
9 Feb Live Cattle L 125.28 126.35 $ 3,582 14,976 11.0% Meats
10 Mar Oats L 304.40 311.80 $ 3,400 14,950 22.0% Grains
10 Mar Orange Juice C 96.69 97.10 95.05 $ 315 14,985 22.0% Softs
6 Apr Platinum C 95.63 104.25 102.48 $ 25,680 14,970 11.0% Prec Met
2 Mar Gasoline C 164.30 168.30 165.50 $ 3,300 14,784 10.9% Energies
10 Mar Rough Rice C 132.08 134.41 135.15 $ 4,360 14,980 22.0% Grains
10 Mar Sugar #11 World C 14.04 14.06 14.45 $ -76 14,784 22.0% Softs
2 Mar Silver Mini C 17.89 18.11 18.07 $ 1,040 14,950 11.0% Prec Met
9 Mar Chicago Wheat C 559.50 566.20 570.50 $ 2,745 14,895 22.0% Grains
Adjustment for Open Positions: -($ 8,282)
Prior to 1/13:
Other Gains/-Losses This Reporting Period: $ 61,844 ***
*** For Contracts Closed or Rolled Forward __________
Total for all Trades: $ 138,489
Trading in commodities involves substantial risk and past performance is no guarantee of future profits. Zenith does not sell advice nor does it manage discretionary accounts other than its own. Readers should be aware of the vested interest that all traders/brokers have in encouraging other traders to make the same transactions. No one should follow investment advice blindly. This web site should be used only as a "sounding board" for confirming one's own opinion. Any suggested order placements should be reviewed and reset to fit current market conditions by individual traders.Recommendations may include trades which have already been made on the same or a previous day, otherwise the issue is placed on a "watch list." Suggested trades are based upon an approximate maximum $15,000 capitalization requirement per trade, depending upon initial contract margin requirements. Zenith's actual trades may be larger. $22 per round turn for futures is deducted from profit figures. Commodity option trade recommendations are not tracked, but performance should parallel that of the underlying commodity's.
