Currently viewing the tag: "Market Analysis"

Financials: Sept. Bonds are currently 28 lower at 136’20, 10 Yr. Notes 10 lower at 124’11 and 5 Yr. Notes 5 lower at 118’21. Weekly Jobless Claims this morning were in the range of expectations being up by 23,000. Yesterday the FOMC left rates unchanged, continued paring the monthly purchase of Bonds and mortgage backed [...]

Continue Reading

I would love to start out talking about the Corn market this morning but with geo-political events and politics at home I be remiss if I did not start off on the Crude Oil market. With sanctions put on Russia for their cowardly actions in the Ukraine the market is seeing demand destruction at this [...]

Continue Reading

Oil prices are taking a hit as demand worries are starting to take its toll on the energy complex. Not only did we see weak demand in yesterday’s Energy Information Administration weekly report economic slowdown fears are taking hold. The US GDP was not all it was cracked up to be. Even after beating the [...]

Continue Reading

Morning Grains 7/31/14

On July 31, 2014 - 10:50 AM By

WHEAT General Comments: Prices closed higher on what appeared to be speculative short covering. The weather in western Europe has turned drier, but there are still forecasts for rain and the potential for quality loss is still there. Russian prices moved lower again. The harvest and growing weather remains very good in Russia and Ukraine, [...]

Continue Reading

Morning Softs 7/31/14

On July 31, 2014 - 10:47 AM By

COTTON General Comments: Futures closed lower again on good weather that implied big production Demand remains a problem, although export interest has started to improve due to the current price weakness. It is possible that the USDA reports Thursday morning could show improved demand. The lack of Chinese buying reflects in part the moves by [...]

Continue Reading

Morning Grains 7/30/14

On July 30, 2014 - 10:04 AM By

DJ China Dalian Grain Futures Closing Prices, Volume Soybean No. 1 Turnover: 78,470 lots, or 3.46 billion yuan Open High Low Close Prev. Settle Ch. Vol Open Settle Interest Sep-14 4,436 4,447 4,423 4,447 4,449 4,437 -12 4,192 84,810 Nov-14 – – – 4,413 4,413 4,413 0 0 170 Jan-15 4,406 4,420 4,374 4,419 4,428 [...]

Continue Reading

Morning Softs 7/30/14

On July 30, 2014 - 9:28 AM By

COTTON General Comments: Futures closed lower on the strong crop condition rati9ngs released by USDA Monday night that implied big production 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 [...]

Continue Reading

Financials: Sept. Bonds are currently 16 lower at 138’14, 10 Yr. Notes 13 lower at 124’31 and 5 Yr. Notes 9 lower at 118’28’. GDP for 2nd quarter was up 4.0% better than the expected +3.0%. 1st quarter was revised to -2.1%. ADP private sector jobs report showed an estimated increase of 218K vs. a [...]

Continue Reading

API saw a bigger draw of oil inventories than we anticipated. The EIA will release these numbers at 9:30 this morning. The API data showed draws of 4.4 million barrels when we were expecting a draw of 3 million. Products added a measly 100 thousand barrels of Gasoline and ½ million barrels of Distillates when [...]

Continue Reading

The EU and the US are slapping sanctions on Russia and the trade is trying to calculate the hit on the global economy. The sanctions are supposed to target “key sectors” of Russia’s economy like banking, defense and most importantly energy. While many feel the impact is priced in and that the sanctions might have [...]

Continue Reading

Morning Grains 7/29/14

On July 29, 2014 - 9:31 AM By

DJ China Dalian Grain Futures Closing Prices, Volume Soybean No. 1 Turnover: 173,624 lots, or 7.70 billion yuan Open High Low Close Prev. Settle Ch. Vol Open Settle Interest Sep-14 4,453 4,463 4,444 4,446 4,441 4,449 8 13,744 86,238 Nov-14 – – – 4,413 4,386 4,413 27 0 170 Jan-15 4,415 4,449 4,410 4,422 4,379 [...]

Continue Reading

Morning Softs 7/29/14

On July 29, 2014 - 9:27 AM By

COTTON General Comments: Futures closed higher in recovery trading. There was no news to push prices lower, and some recovery was possible given the extreme price weakness seen late last week Demand remains a problem as China remains mostly out of the market. The lack of Chinese buying reflects in part the moves by the [...]

Continue Reading