Currently viewing the tag: "Technical Analysis"
COTTON General Comments: Futures were lower after trading higher early in the sessión. A disappointing export sales report released yesterday by USDA hurt the bull case. Traders concentrated on economic news, which was disappointing for China and for the US. China is the largest importer of US Cotton. The new crop months were weaker on [...]
Continue Reading →DJ China Dalian Grain Futures Closing Prices, Volume Soybean No. 1 Turnover: 84,110 lots, or 3.99 billion yuan Open High Low Close Prev. Settle Ch. Vol Open Settle Interest Jul-13 – – – 4,814 4,809 4,814 5 0 364 Sep-13 4,799 4,800 4,787 4,798 4,781 4,795 14 47,510 186,294 Nov-13 4,710 4,732 4,710 4,732 4,710 [...]
Continue Reading →Gasoline Oxy Morons Against a back drop of risng supply and a murky economic backdrop, RBOB gasoline rises up out of the ashes. Ok maybe not ashes but rising on refining and pipeline issues as we get ready to top off the tank for the upcoming kickoff to the summer driving season. Just when things [...]
Continue Reading →Good Morning! In the overnight electronic session the July Corn is currently trading at 643 ¾ which is 2 ¼ cents higher as I write. The trading range has been 644 ½ to 641 ½ so far. Right now farmers are in a race with the clock to get plantings behind them. Rains and another [...]
Continue Reading →COTTON General Comments: Futures were higher after trading lower early in the sesión. Traders concentrated on economic news, which was disappointing for China but good for the US. China is the largest importer of US Cotton, so less tan expected industrial production put demand bulls on the defensive. The new crop months were weaker on [...]
Continue Reading →DJ CBOT Delivery Intentions: Totals – May 15 Source: CME Group Contract Quantity Next Trade Commodity Month Delivery Day Assigned Today Date Available SOYBEAN OIL May May. 16, 2013 103 May 14, 2013 ROUGH RICE May May. 16, 2013 22 May 14, 2013 CORN May May. 16, 2013 144 May 13, 2013 SOYBEAN May May. [...]
Continue Reading →Look Out Below Oil prices are falling despite a late day surprising dead cat bounce as oil inventories and weak industrial data weighs on the market outlook. Of course a risng stock market gave bulls some hope along with nonexistent producer price inflation but from a preponderance of data and rising global inventories the rally [...]
Continue Reading →Good Morning! In the overnight electronic session the July Corn is currently trading at 651 ½ which is ¾ of a cent higher as I write. The trading range has been 651 ¾ to 648 ½ so far. Farmers are playing catch up with plantings as we have had more seasonable weather in the Corn [...]
Continue Reading →Euro Growth or Lack Thereof Oil is sinking on demand concerns as Europe looks like it is getting more deeply mired in recession. While Germany had some growth, France is going back into recession. Over all, the Eurozone saw growth fall for the longest recession since the EU was founded. Obviously this does not bode [...]
Continue Reading →Good Morning! In the overnight electronic session the July Corn is currently trading at 650 ½ which is 2 cents lower as I write. The trading range has been 652 ¾ to 649 ½ so far. With the warmer weather despite the rains this market will be susceptible to breaks to the downside. The market [...]
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