Currently viewing the tag: "Technical Analysis"

Morning Grains 7/22/14

On July 22, 2014 - 3:32 PM By

DJ China Dalian Grain Futures Closing Prices, Volume Soybean No. 1 Turnover: 183,224 lots, or 7.98 billion yuan Open High Low Close Prev. Settle Ch. Vol Open Settle Interest Sep-14 4,336 4,413 4,334 4,406 4,338 4,397 59 36,506 93,216 Nov-14 – – – 4,378 4,320 4,378 58 0 170 Jan-15 4,316 4,361 4,303 4,358 4,322 [...]

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Morning Softs 7/22/14

On July 22, 2014 - 3:29 PM By

COTTON General Comments: Futures closed a little lowr, helped in part from weak demand data from China. Chinese imports were down in June and are lower on a year to date basis against last year. The lack of Chinese buying reflects in part the moves by the government to sell Cotton into the domestic market [...]

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In the overnight electronic session the September Corn is currently trading at 365 ½ which is 1 ½ cent higher. The trading range has been 366 to 363 so far. Weather is still a factor as we have severe thunderstorms forecasted tonight which will bring in cooler weather following this current heat dome and could [...]

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August crude is going off with a bang as violence in the Gaza strip and fears of Russian sanctions is coming ahead what some people fear will be a big drop in Cushing Oklahoma supply. Cushing Oklahoma of course is the delivery point for the West Texas Intermediate contract and we saw August crude go [...]

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Morning Grains 7/21/2014

On July 21, 2014 - 10:43 AM By

DJ China Dalian Grain Futures Closing Prices, Volume Soybean No. 1 Turnover: 107,068 lots, or 4.64 billion yuan Open High Low Close Prev. Settle Ch. Vol Open Settle Interest Sep-14 4,280 4,362 4,276 4,339 4,296 4,338 42 23,716 97,088 Nov-14 4,311 4,332 4,311 4,332 4,311 4,320 9 14 170 Jan-15 4,316 4,339 4,301 4,316 4,328 [...]

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Morning Softs 7/21/2014

On July 21, 2014 - 10:38 AM By

COTTON General Comments: Futures traded mostly sideways last week, but finished near the bottom of the range. World supplies remain strong and ideas are that the US can produce a very good crop. Export sales from USDA were weak once again as China and other major buyers wait for even lower prices. Good weather and [...]

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Financials: Sept. Bonds are currently 8 higher at 138’10, 10 Yr. Notes 1 higher at 125’10.5 and 5 Yr. Notes 0.5 lower at 119’05.5. Global tensions (Ukraine, Israel, Iraq, etc.) are providing underlying support to these markets at the moment. On Friday recommended the long 10 Yr./short Bond spread around the 12’16 area and once [...]

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Even with hot humid weather moving in the bears are pushing the pedal to the metal again. In the overnight electronic session the August contract is currently trading at 3.855 which is .096 cents lower. The trading range has been 3.893 to 3.844 so far. On the Corn front the slide is in this market [...]

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Global markets are weak as the combination of increasing calls for tough sanctions on Russia and heavy fighting between Israel and the Palestinians is adding uncertainty to global economic outlook. The evidence is mounting of Russia’s involvement in the missile strike that brought down the Malaysia Airlines flight that killed 298 people. The anger level [...]

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Morning Grains 7/18/14

On July 18, 2014 - 9:49 AM By

DJ China Dalian Grain Futures Closing Prices, Volume Soybean No. 1 Turnover: 81,770 lots, or 3.54 billion yuan Open High Low Close Prev. Settle Ch. Vol Open Settle Interest Sep-14 4,297 4,319 4,285 4,298 4,298 4,296 -2 7,908 104,978 Nov-14 4,313 4,315 4,303 4,315 4,309 4,311 2 20 176 Jan-15 4,330 4,347 4,312 4,323 4,336 [...]

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Morning Softs 7/18/14

On July 18, 2014 - 9:28 AM By

COTTON General Comments: Futures were mixed. The crop continues to show good progress and good condition, and ideas of big world production continue. Prices can continue to drift lower as long as these types of statistics continue.. Brazil conditions are reported to be good in Bahia with warm temperatures and a few showers. Conditions are [...]

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Warmer temperatures may help carve a path to cheaper prices in the Grain complex. In the overnight electronic session the September Corn is currently trading at 3791/4 which is ¼ of a cent lower. The trading range has been 381 ¼ to 378 so far. The 5-day weather forecast outlook should be ideal growing weather [...]

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