Financials: Sept. Bonds are currently 6 lower at 138’`5, 10 Yr. Notes 4 lower at 125’05 and 5 Yr. Notes 2.5 lower at 119’03. This will be a busy week for release of economic data, the most important of which will GDP on Wed., FOMC on Wed. and the Monthly Jobs Report on Fri. I [...]

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Morning Grains 7/28/14

On July 28, 2014 - 9:51 AM By

DJ China Dalian Grain Futures Closing Prices, Volume Soybean No. 1 Turnover: 135,624 lots, or 5.96 billion yuan Open High Low Close Prev. Settle Ch. Vol Open Settle Interest Sep-14 4,401 4,453 4,401 4,447 4,396 4,441 45 17,822 91,888 Nov-14 4,386 4,386 4,386 4,386 4,370 4,386 16 2 170 Jan-15 4,360 4,405 4,353 4,399 4,346 [...]

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Tomorrow, Tuesday July 29th is the Last Trading Day for ALL the July Metals and Aug Natural Gas.  We ask that you do not wait until the last minute to exit these markets. Thursday, July 31st is the First Notice Day for the Aug Grains (Beans, Meal, Oil & Ethanol) and all the Aug Metals.  [...]

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Morning Softs 7/28/14

On July 28, 2014 - 9:12 AM By

COTTON General Comments: Futures closed lower again. Demand remains a problem as China remains mostly out of the market. The lack of Chinese buying reflects in part the moves by the government to sell Cotton into the domestic market and to reduce stocks in warehouses. World supplies remain strong and ideas are that the US [...]

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This Monday morning we will start off with the Crude Oil market. In the overnight electronic session the September contract is currently trading at 10176 which are 33 points lower at this writing. The trading range has been 10210 to 10139 so far. At this time the market is not overreacting to events in Libya [...]

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Record US refining run is driving down gas prices even as oil prices rise due to geopolitical risk. The Lundberg survey shows that gas prices have fallen 9 cents a gallon in the last 2 weeks.  Lundberg says that the average price for regular gasoline at U.S. pumps dropped 9.04 cents in the two weeks [...]

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I like to compare the prices of different proteins, beef, pork, poultry and fish. Everyone is aware of the recent price surges of beef and pork, in particular, and the reasons why their supply has been curtailed. A normal reaction to these supply disruptions would be a rapid expansion of the U.S. chicken flock. That [...]

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Morning Grains 7/25/14

On July 25, 2014 - 9:59 AM By

DJ China Dalian Grain Futures Closing Prices, Volume Soybean No. 1 Turnover: 60,186 lots, or 2.62 billion yuan Open High Low Close Prev. Settle Ch. Vol Open Settle Interest Sep-14 4,399 4,404 4,392 4,397 4,401 4,396 -5 3,498 90,304 Nov-14 – – – 4,370 4,374 4,370 -4 0 170 Jan-15 4,348 4,361 4,333 4,343 4,352 [...]

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Effective with the close of business Fri, July 25, the following CME group contracts margins are changing:                       Additional Performance Bond Requirements for Electricity, Equity Index, Refined Products, and Weather Outrights; Ethanol Intra-Commodity Spread Charges; Coal, ERIS, NGLs, and Metals Inter-Commodity Spread Credits, go to: [...]

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Morning Softs 7/25/14

On July 25, 2014 - 9:19 AM By

COTTON General Comments: Futures closed lower despite a positive export sales report. Ideas of poor demand down the road are still around Demand remains a problem as China remains mostly out of the market. The lack of Chinese buying reflects in part the moves by the government to sell Cotton into the domestic market and [...]

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Financials: Sept. Bonds are currently 14 higher at 138’10, 10 Yr. Notes 3.5 higher at 125’05 and 5 Yr. Notes 1.2 higher at 119’02.7. Yesterday’s positive weekly Jobless Claims number (20,000 less than expected) took the Bonds down to the 137’28 level (Thurs. close) only to rally partially back to present levels after the release [...]

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With Grid Iron weather in the month of July the Grain Complex is looking like it is ready for harvest pressure early much to the chagrin of most traders and farmers alike. In the overnight electronic session the September Corn is currently trading at 358 ¾ which is 2 ¾ cents lower. The trading range [...]

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