WASDE (WAS’-dee’) from USDA Report coming FEB 8th, NOON EST
There has been no USDA World Ag Supply-Demand Estimates report (monthly) since December 11, 2018 report. Last Wednesday, on January 30th, 2019, USDA says the delayed JAN WASDE (Link for announcement) will be issued on Friday. This is the report each year that has the seasonal totals, so it is an important report. Here’s the link for the new WASDE info HERE It will be issued at NOON EST (New York) time this Friday, 8th FEB 2019.
VIDEO ON SUPPLY-DEMAND REPORTS with more Commentary
Summary:
I hope to close out my short MAY19 360 corn PUTs this week. If so, I’ll shop JUL19 corn and possibly DEC19 Corn PUTs to sell.
Should Oil go up more this week, I may close out my short APR19 35 PUT and my short JUN19 30-strike PUTs. If so I’ll immediately start shopping for more PUTS to sell but will do so cautiously as oil could retrace some of its recent gains.
WASDE report Friday at NOON EST. Watch for lowered 2018-19 Corn crop yield which could LOWER stocks and might be a bullish development for Corn.
I am considering closing out my APR2019 Gold 1600 CALLs. The action on Gold, I think, will depend largely on the general economy, and since the FED is not wanting to raise rates for a while, the $US dollar could drift down some which might support gold prices for the short term.
Watch for a new newsletter soon and more trading ideas I’m considering.
Have a good week. – Don
Don A. Singletary
The commentary and examples are for teaching purposes only and are not intended to be a trading or trade advisory service. Any investments, trades, and/or speculations made in light of the ideas, opinions, and/or forecasts, expressed or implied herein on the web site and/or newsletter, are committed at your own risk, financial or otherwise. Trading with leverage could lead to greater loss than your initial deposit. Trade at your own risk. Investors and traders are responsible for their own investment/trading decisions including entries, exits, position, sizing and use of stops or lack thereof. This is not a trade advisory service and is for educational purposes only. The content on the pages here is believed to be reliable - but we cannot guarantee it.
Don A. Singletary is a teacher and writer. For 25 years he was a commodity risk management (hedge) consultant for major corporations. He is the author of Option Income Training Bulletin, the only such publication dedicated to teaching small/medium personal investors how to sell commodity options for a second income, a strategy traditionally used mostly by professional investors, the wealthy, and money managers.
While this website is for subscribers only, you can get full access with a free trial subscription. Also you may visit his blog with many trade examples and articles on this valuable strategy at: SellingCommodityOptions.com
WASDE (WAS’-dee’) from USDA Report coming FEB 8th, NOON EST
There has been no USDA World Ag Supply-Demand Estimates report (monthly) since December 11, 2018 report. Last Wednesday, on January 30th, 2019, USDA says the delayed JAN WASDE (Link for announcement) will be issued on Friday. This is the report each year that has the seasonal totals, so it is an important report. Here’s the link for the new WASDE info HERE It will be issued at NOON EST (New York) time this Friday, 8th FEB 2019.
VIDEO ON SUPPLY-DEMAND REPORTS with more Commentary
Summary:
Watch for a new newsletter soon and more trading ideas I’m considering.
Have a good week. – Don
Don A. Singletary
The commentary and examples are for teaching purposes only and are not intended to be a trading or trade advisory service. Any investments, trades, and/or speculations made in light of the ideas, opinions, and/or forecasts, expressed or implied herein on the web site and/or newsletter, are committed at your own risk, financial or otherwise. Trading with leverage could lead to greater loss than your initial deposit. Trade at your own risk. Investors and traders are responsible for their own investment/trading decisions including entries, exits, position, sizing and use of stops or lack thereof. This is not a trade advisory service and is for educational purposes only. The content on the pages here is believed to be reliable - but we cannot guarantee it.