Currently viewing the tag: "Market Analysis"

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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Morning Grains 9/19/14

On September 19, 2014 - 10:03 AM By

DJ China Dalian Grain Futures Closing Prices, Volume Soybean No. 1 Turnover: 409,526 lots, or 18.86 billion yuan Open High Low Close Prev. Settle Ch. Vol Open Settle Interest Nov-14 4,437 4,621 4,437 4,563 4,593 4,564 -29 58 54 Jan-15 4,605 4,626 4,574 4,581 4,620 4,598 -22 348,968 457,328 Mar-15 4,656 4,656 4,558 4,558 4,635 [...]

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Morning Softs 9/19/14

On September 19, 2014 - 9:58 AM By

COTTON General Comments: Futures closed lower in response to a week of poor US export sales. US production conditions remain mostly good, and so far there have been no reports of damage to crops from big rains reported in the Southwest the last couple of days. Up side potential in prices should be limited as [...]

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Financials: Dec. Bonds are currently 13 higher at 136’04, 10 Yr. Notes 5 higher at 123’28.5 and 5 Yr. Notes 1 higher at 117’28. Wed. pronouncements by the FOMC left rates unchanged for the foreseeable future, but language in the minutes indicated a projected rise in rates sometime next year raising the forecast for funds [...]

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Talking with farmers across the country and we are both scratching are heads with the cash market versus the futures. The futures for some reason have not found a reason to bounce. In the overnight electronic session the December Corn is currently trading at 337 which is 1 ¼ cents lower. The trading range has [...]

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France launching airstrikes against ISIS and production issues in Libya and Nigeria may buy the cartel some time before having to mandate production cuts. OPEC is feeling the pain of lower prices and Saudi Arabia has already reduced production yet is seems that with demand faltering and the dollar rising prices look to continue lower. [...]

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Morning Grains 9/18/14

On September 18, 2014 - 10:04 AM By

DJ China Dalian Grain Futures Closing Prices, Volume Soybean No. 1 Turnover: 315,774 lots, or 14.62 billion yuan Open High Low Close Prev. Settle Ch. Vol Open Settle Interest Nov-14 4,631 4,631 4,561 4,588 4,585 4,593 8 14 56 Jan-15 4,645 4,666 4,605 4,624 4,627 4,620 -7 260,914 482,470 Mar-15 – – – 4,635 4,635 [...]

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Morning Softs 9/18/14

On September 18, 2014 - 9:59 AM By

COTTON General Comments: Futures closed a little higher in moderate volume trading. US production conditions remain mostly good, but some potential for some big rains in Arizona and Texas from the Mexican hurricane could damage crops. Up side potential in prices should be limited as the world production potential remains large. USDA showed that India [...]

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