RJO FuturesCast

Daily Futures Market News, Commentary, & Insight

Agricultural

Grain Futures Update w/Stephen Davis – 10/04/2019

Posted 10/04/2019 8:40AM CT | Stephen Davis

Stephen Davis discusses the past week’s grain action and looks forward into next week. As Stephen predicted last week, corn prices shot up, but there was also movement in the other grain markets ahead of next week’s crop report.

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Stephen Davis

Senior Market Strategist
Stephen E. Davis is a 25-year+ veteran of the markets, who has been a retail broker with RJO Futures since 1998. He is a graduate of the University of St. Thomas in Minnesota and started as a runner at the Mid America Commodity Exchange in 1981. Davis' past experience involved working with firms Stotler Grain, O'Connor Grain, Dean Witter, R.J. O'Brien and Rosenthal Collins. His trading floor experience in agriculture and financial markets is the foundation of his brokerage approach. Throughout his career, he has worked with clients ranging from retail clients to some very large institutional clients. "My focus is on price and my philosophy is that chart patterns will show you where the big money is made," he says.</p><p>In his time as a broker, he has seen an evolution of the trading process. "As all of these markets move from the trading floor to the computer screen, we are all like locals on the trading floor-and we do not have to pay millions of dollars for our memberships." His advisory experience includes CQG, Moore Research, Dennis Gartman (The Gartman Letter), The Hightower Report, Financial Times and the Wall Street Journal.
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