Currently viewing the tag: "Fundamental Analysis"

AGMASTER Report 9/23/14

On September 23, 2014 - 12:10 PM By

Written 9/19/14 NOV BEANS There were bits & pieces of good news for the mkt this week – less than expected acreage increases from the FSA, mild frost scares & stellar exports but none of it seemed to matter to a mkt obsessed with an expected record 3.9 BB crop. The positive news engendered some [...]

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Morning Grains 9/23/14

On September 23, 2014 - 10:27 AM By

DJ China Dalian Grain Futures Closing Prices, Volume Soybean No. 1 Turnover: 425,710 lots, or 19.34 billion yuan Open High Low Close Prev. Settle Ch. Vol Open Settle Interest Nov-14 4,658 4,658 4,541 4,552 4,561 4,558 -3 34 52 Jan-15 4,535 4,550 4,503 4,520 4,550 4,532 -18 357,652 387,130 Mar-15 4,530 4,567 4,530 4,541 4,560 [...]

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Morning Softs 9/23/14

On September 23, 2014 - 10:14 AM By

COTTON General Comments: Futures closed lower in response to ideas that demand can stay poor. The concerns over Chinese demand came back, as China is now shifting to a target Price and will compensate farmers with cash if the target price is not hit. The move could cut import demand and will reduce the need [...]

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Financials: Dec. Bonds are currently 11 higher at 137’02, 10 Yr. Notes 4 higher at 124’13 and 5 Yr. Notes 2.7 higher 118’07. These markets are higher this morning in a “flight to safety” as traders jump out of equities due to slowing economic numbers out of Europe and China and the initiation of a [...]

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OK so the new Apple I phone 6 made its debut recently and of course we saw the standard stories of people camped out in front of the stores for days to be one of the first to buy one. OK I know I’m older and set in my ways but even when I was [...]

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In the overnight electronic session the Corn could not hold Runaround Sue or Turnaround Tuesday so far at this juncture. In the overnight electronic session the December Corn is currently trading at 329 ½ which is ¾ of a cent lower. The trading range has been 331 to 327 ¾ so far. I don’t see [...]

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Air Strikes in Syria. The Energy Report 9/23/14

On September 23, 2014 - 7:42 AM By

Air strikes in Syria and economic data is giving oil and other commodities a ride. Geopolitical risk stories are coming faster that the speed of light so too is evidence that the global economy is stagnating. While manufacturing data in China was better than expected, weaker data in Europe is really disturbing. There is a [...]

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Morning Grains 9/22/14

On September 22, 2014 - 10:24 AM By

DJ China Dalian Grain Futures Closing Prices, Volume Soybean No. 1 Turnover: 611,444 lots, or 27.87 billion yuan Open High Low Close Prev. Settle Ch. Vol Open Settle Interest Nov-14 4,550 4,586 4,525 4,562 4,564 4,561 -3 24 50 Jan-15 4,563 4,578 4,512 4,551 4,598 4,550 -48 520,754 421,810 Mar-15 4,556 4,564 4,556 4,564 4,607 [...]

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Morning Softs 9/22/14

On September 22, 2014 - 10:21 AM By

COTTON General Comments: Futures closed lower in response to a week of poor US export sales and ideas that demand can stay poor. The concerns over Chinese demand came back, as China is now shifting to a target Price and will compensate farmers with cash if the target price is not hit. The move could [...]

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Talking to farmers in northern states that their corn crop is coming in much better than originally feared. Add that to a record crop coupled with a carryover  much higher than expected we will see harvest pressure mode for sure. In the overnight electronic session the December contract is currently trading at 329 ½ which [...]

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China U Turn. The Energy Report 9/22/14

On September 22, 2014 - 7:32 AM By

Last week China juiced up their banks with 81 billion in a massive stimulus but don’t get used to it. Over the weekend China’s Finance Minister Lou Jiwei said that China will not make major policy adjustments due to a change in any one economic indicator. These comments have put a damper on global stock [...]

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The Metals Melt Down. DRY HEAT Report 9/22/14

On September 22, 2014 - 7:30 AM By

Writing this market letter late Sunday evening I am struck by the realization that anyone who bought silver, even at the lows of the last four years, a loser on the trade. Gold has lost but has held up better than silver. If you bought either metal between early 2010 and midyear 2013, and you [...]

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