Trade Mark

08-14-2019: Wheat Prices Plummet on Too Much Around

China, we miss you. Even though China is :"normally" only the fourth largest importer of American wheat, it is absence is felt in markets. Add to that greater-than-expected yields from wheat acreage, after flooding earlier in the year resulted in dire predictions for wheat supplies, and the end result appears to be just too much wheat around. Carry over stocks will be greater and recent grain price run-ups will now be seen to be excessive exhuberance. Wheat may increasingly be used for feed grain. Most analysts see still lower prices ahead as the U.S. searches for new markets after an incompetent Administration ruined global trade for all.

Look to 2020 and vote Democratic! Or, in the alternative, see our nation's endangered species, national parks, wildlife reserves, fiscal stability, consumer price controls, social programs, heating up environment, and yes, not least of all, markets, completely ruined by stupid thoughtless voters and white supremists! They don't care because they don't think they will be around in the end times, but the end times may come faster than the wild Republican debt runner-uppers anticipated, just like they failed to anticipate all the other terrible things that are starting to happen. Are there any good Republcans left? Well, maybe one, but he is surrounded by a swamp of buggers in the Senate and Supreme Court and Wall Street moguls and Russians with big bucks to corrupt the few but powerful media outlets they control. Yes, our lagnuage is not "professional," but that's just the simple truth. This country could very well go down as rapidly as Israel did in the Old Testament for failure to cling to values and standards of decency.

Our recent article on Wheat is in the Archives Section below.

08-13-2019: On Viewing Some Charts and Fonts On This Site

Computers are invaluable for evaluating markets, but we concede programming is not exactly "our thing." This site is aimed for use with legacy systems. As systems have evolved, browsers have become more and more inconsistent with each other, and universal standards which apply are becoming more and more complex. Unfortunately, we cannot keep up with this, especially because many of our systems still rely upon MS-DOS programming, which Microsoft with its infinite control abandoned after Windws XP. This site was designed for use with Microsoft Internet Explorer, and we give credit to Microsoft at least for maintaining compatibility standards with its earlier browsers to some degree. Therefore, if you view this site with Chrome, Firefox, or Opera, some of the charts and fonts will not display correctly, for example the dates on the horizontal axes, but will display correctly in Microsoft Internet Explorer. Similar comments apply regarding certain audio files (music) on this site, and to font sizes and alignments. We regret that the creators of HTML often found no need in latest versions to make their software backward compatible. We are using some of the earliest HTML versions and are unlikely to waste time attempting many, if any, updates to programming styles. We also note that this site will display better on tablets but not well at all on smart TV's. The reason is that Samsung and others did not include all fonts in their software, particularly non-proportional (fixed width) fonts, nor apparently do they have any intent to do so in future. Many others are finding problems with this, sites like Worden Brothers "Free Stock Charts." They say their charts will come up best, if at all, only on Microsoft Internet Explorer (in conjunction with Microsoft's "Silver Light" software). Their charts will not come up at all using any legacy browser in our system, and we intend to try to keep it that way as long as possible, to conform to earliest standards. Thus, our site should be viewable in some form at least on any browser, even those developed for Windows 98, even if not perfectly algined. You will never get a "Your browser is obsolete, please update it!" message on this site. It's our way of resisting the awful and sloppy changes in some of the latest browser updates from most manufacturers, especially Windows 10!

08-18-2019: Some Commodities We Haven't Currently Reviewed

How do we pick a commodity for review? Here are technical strength or weakness ratings for 08/08//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.


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

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

07-10-2019: September Australian Dollar: Depending Upon U.S. Federal Reserve Decisioins

07-03-2019: August Feeder Cattle: Feed Costs Moderate

06-23-2019: September U.S. Dollar Index: Interest Rate Cut Rumors

06-17-2019: August Gold: Mideast Crises, Interest Rates and National Debt Force Gold Up

06-09-2019: September Canadian Dollar: Trade Wars and Interest Rates

06-03-2019: August Crude Oil: Deflationary Pressures

05-15-2019: August Lean Hogs: African Swine Fever Vs. Trump Trade Mess

05-05-2019: June Ethanol: E15 Mandates Help

04-30-2019: July Soybeans: Flooding Causes Planting Intentions Switch

04-24-2019: June Swiss Franc: Negative Interest Rates

04-19-2019: June Gasoline: California Read Misleading

04-16-2019: July Platinum: Catalytic Converters Use Determines Demand



Performance

Updated once a week (usually on Saturdays) unless the preceding week had less than five trading days.

All Commodities Trades: 07/01/2019 - 08/17/2019


 # Commodity           BS    Buy   Sell   Last    Gain Intended  Rough   Group
                                                 (Loss)    Risk Percent

 9 Sep Ethanol          L 125.70        130.30 $ 11,736  14,877  17.4% Energies
10 Sep Australian Dollr C  67.70  68.02  67.90 $  2,900  14,900  18.7% Currency
26 Dec Soybean Oil      L  29.47         29.51 $   -156  14,976  17.4% Grains  
13 Sep Canadian Dollar  C  75.28  75.02  75.40 $ -3,770   3,380  18.7% Currency
 4 Oct Crude Oil        S         57.17  54.81 $  9,320  14,960  17.4% Energies
 5 Dec Cotton #2        S         59.99  60.13 $   -500  14,975   5.8% Cotton  
 8 Sep U.S.Dollar Index S         97.82  98.01 $ -1,760  14,880  18.7% Currency
 4 Dec Gold             C 149.49 153.99 152.36 $ 17,880  14,960  11.6% Prec Met
 4 Dec Feeder Cattle    C 127.83 136.05 132.85 $ 16,320  14,980  11.7% Meats   
 5 Dec Lean Hogs        C  60.03  65.96  60.78 $ 11,710  14,980  11.7% Meats   
 3 Sep Hi Grade Copper  C 257.80 263.10 259.50 $  3,885  14,925   5.8% Copper  
 4 Sep Lumber           S        362.50 362.90 $   -296  14,960   5.8% Lumber  
 9 Oct Platinum         C  83.85  87.00  85.15 $ 13,905  14,940  11.6% Prec Met
 3 Oct Gasoline         L 150.30        152.20 $  2,304  14,868  17.4% Energies
 7 Nov Soybeans         C 873.70 890.90 879.80 $  5,810  14,910  17.4% Grains  
14 Oct Sugar #11 World  C  11.53  11.91  11.64 $  5,538  14,739   5.7% Softs   
 5 Sep Swiss Franc      L 102.62        102.51 $   -838  14,938  18.7% Currency
 9 Sep Chicago Wheat    C 467.40 499.90 470.80 $ 14,355  14,940  17.4% Grains  

            Adjustment for Open Positions: -($   19,811)

Prior to 8/12:
Other Gains/-Losses This Reporting Period:   $  524,774  ***
 ***  For Contracts Closed or Rolled Forward  __________
 
Total for all Trades:                        $  613,307

Stocks Site.

Music of Francis Poulenc

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.

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