Effective with the close of business today, Thurs Oct 2nd, the following CME margins are changing: _____________________________________________________ Legend EH: Exchange Holidays | LT: Futures Last Trading Day | OE: Option Expiration Day FN: Futures First Notice Day | LN: Futures Last Notice Day | FD: Futures First Delivery Date LD: Futures Last Delivery Date _____________________________________________________ [...]

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This morning we have the following reports: Export Sales and Initial Jobless Claims at 7:30 followed with Factory Orders at 9:00 and EIA Gas Storage at 9:30. In the overnight electronic session the December Corn is currently trading at 320 which is 1 ¼ of a cent lower. The trading range has been 321 ½ [...]

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Barrels on Sale! The Energy Report 10/2/14

On October 2, 2014 - 7:42 AM By

Oil prices already under siege from weak economic data got hit harder after Saudi Arabia put barrels on sale! Just as if you owned a store and you could not move enough inventory the best thing to do is to have a sale. 1 dollar off a barrel! Get it while it’s hot! The Saudis [...]

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NEW YORK, Oct 1 (Reuters) – Oil prices fell toward $94 a barrel on Wednesday, continuing a three-month losing stretch as weak economic signals from China and Europe and ample global supply continued to weigh. Brent and U.S. crude found early support from a U.S. government report showing a surprise drop in U.S. crude stockpiles [...]

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(Kitco News) – A Friday economic report is expected to show that the U.S. labor market picked up again last month, but that doesn’t necessarily mean the U.S. dollar will surge and pressure gold in the process…unless the payrolls growth is way above expectations, analysts said. Conventional wisdom is that strong labor data bolster the [...]

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Morning Grains 10/1/14

On October 1, 2014 - 10:10 AM By

DJ USDA Crop Production: U.S. Wheat By Class-Sep 30 Wheat: Production by Class, United States, 2012-2014 1/ Crop 2012 2013 2014 1,000 Bushels Winter Hard red 1,000,005 747,373 737,937 Soft red 419,801 568,481 455,297 Hard white 13,171 11,060 11,490 Soft white 208,295 215,988 172,802 Spring Hard red 504,520 490,629 561,258 Hard white 8,465 10,525 8,943 [...]

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Morning Softs 10/1/14

On October 1, 2014 - 10:06 AM By

COTTON General Comments: Futures closed lower on ideas of good production under good conditions to finish the crop in all production areas of the US and uncertain demand. China continues to withdraw from the world market in order to promote use of domestic production and reduce government stocks. The stocks owned by the government are [...]

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Financials: Dec. Bonds are currently 25 higher at 128’22, 10 Yr. Notes 15 higher at 125’03.5 and 5 Yr. Notes 8.5 higher at 118’16.7. This mornings ADP Private Sector Jobs Survey should an increase of 213,000 jobs vs. expectations of 209,000. Ordinarily this would be good news. However the geopolitical and geoeconomic situations have made [...]

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Welcome to the time of year and leaves changing as yesterday’s cooler than normal temperatures give way to warmer temperatures today. Which may have harvesting pick up as the farmers work hard in the fields. In the overnight electronic session the December Corn is currently trading at 319 which is 1 ¾ cents lower. The [...]

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There are 101 reasons why oil has fallen as hard as it has, hitting a 2 year low. The main reason in the back of it all is U.S. oil production. Yet after a substantial drop out of the normal expected daily trading range my phone rang off the hook wondering why oil has fallen [...]

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AGMASTER Report 9/30/14

On September 30, 2014 - 1:51 PM By

NOV BEANS The Beans were the beneficiary of some stellar exports this week but the mkt doesn’t care – as it likes what it sees when it looks out the window! Open harvest weather, anecdotal reports of huge yields & a very strong US dollar were all that was needed to send Nov Beans spiraling [...]

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Morning Grains 9/30/14

On September 30, 2014 - 10:26 AM By

DJ China Dalian Grain Futures Closing Prices, Volume Soybean No. 1 Turnover: 214,324 lots, or 9.86 billion yuan Open High Low Close Prev. Settle Ch. Vol Open Settle Interest Nov-14 – – – 4,549 4,598 4,549 -49 0 20 Jan-15 4,610 4,616 4,567 4,574 4,600 4,589 -11 155,444 330,918 Mar-15 – – – 4,612 4,623 [...]

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