From the monthly archives: February 2013
DJ U.S. Export Sales: Weekly Sales Totals – Feb 28 For the week ended Feb 21, in thousand metric tons, except cotton in thousand running bales. Net changes in commitments are gross sales, less cancellations, buy-backs and other downward adjustments. Total commitments are total export shipments plus total sales. The marketing year for wheat and [...]
Continue Reading →COTTON General Comments: Futures were higher yesterday in response to comments by Fed chairman Bernacke that the US economy was getting better and that the crisis was passing. Positive economic data once again helped the market. Wire reports that Texas could plant 25% less are to Cotton was very supportive as the state produces half [...]
Continue Reading →The Dan Flynn Corn & Ethanol Report Thursday February 28th 2013 Good Morning! As we get ready to roll into March traders and producers are asking will it come in like a lamb or come in like a lion. We are approaching planting season and the winter wetness came late in this drought stricken year. [...]
Continue Reading →Gas Cracks! If almost on cue and just as I said one day earlier, gas confirmed a major top and we got a wild drop against a back drop of some historic numbers on U.S. oil production! RBOB fell like a rock as the gas bubble popped and the sellers rocked. Rebounding East Coast supply [...]
Continue Reading →FN: Mar 2Yr,3Yr,5Yr,10Yr Notes/Bonds/Copper/Chi,KC,MN Wheat/Corn/NY Gold & Silver/NY Platinum & Palladium/Oats/Rice/Soybeans/Soymeal/Soyoil 7:00 LTO: Feb Fed Funds 7:00 Legend HD: Exchange Holidays | FN: Futures First Notice Day | LT: Futures Last Trading Day | LTO: Option Expiration DayInformation provided by InsideFutures.com
Continue Reading →FR:Consumer Mfgd Goods Consumption 2:45 AM ET FR:PPI 2:45 AM ET DE:Unemployment Rate 3:50 AM ET EMU:HICP 5:00 AM ET DE:CPI 8:00 AM ET US:GDP 8:30 AM ET US:Jobless Claims 8:30 AM ET CA:IPPI 8:30 AM ET US:Chicago PMI 9:45 AM ET US:Bloomberg Consumer Comfort Index [...]
Continue Reading →WHEAT General Comments: Futures closed higher yesterday as prices of Wheat and Corn came together and as Wheat traders talked about feed demand for Chicago Wheat. Demand overall has been disappointing even though sales amounts for export have been increasing in recent weeks. Russia has now said it plans to import Wheat, and Brazil and [...]
Continue Reading →COTTON General Comments: Futures were a little higher yesterday in response to strong economic data from the US. Bears point to increasing certified stocks levels for reasons to be bearish. Demand bulls noted positive economic data in general and ideas of reduced planted area in the US this season as reasons to buy. The current [...]
Continue Reading →The Dan Flynn Corn & Ethanol Report Wednesday February 27th 2013 Good Morning! The late winter rain and snowfall has our drought stricken country looking ahead to better days. Farmers and Ranchers are welcoming this saturation with open arms to grow and feed and above all keep higher prices lower. The fear question is will [...]
Continue Reading →QE is good until it isn’t Big Bad Ben Bernanke vigorously defended QE while acknowledging some risks in a sometimes heated testimony. With the negative outlook, gold and silver and the bonds got a boost and oil was unmoved as it focused on what seems like an ever increasing supply situation. The American Petroleum Institute [...]
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