Currently viewing the tag: "Technical Analysis"

AGMASTER Report 9/30/14

On September 30, 2014 - 1:51 PM By

NOV BEANS The Beans were the beneficiary of some stellar exports this week but the mkt doesn’t care – as it likes what it sees when it looks out the window! Open harvest weather, anecdotal reports of huge yields & a very strong US dollar were all that was needed to send Nov Beans spiraling [...]

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Morning Grains 9/30/14

On September 30, 2014 - 10:26 AM By

DJ China Dalian Grain Futures Closing Prices, Volume Soybean No. 1 Turnover: 214,324 lots, or 9.86 billion yuan Open High Low Close Prev. Settle Ch. Vol Open Settle Interest Nov-14 – – – 4,549 4,598 4,549 -49 0 20 Jan-15 4,610 4,616 4,567 4,574 4,600 4,589 -11 155,444 330,918 Mar-15 – – – 4,612 4,623 [...]

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Morning Softs 9/30/14

On September 30, 2014 - 10:05 AM By

COTTON General Comments: Futures closed lower on ideas of good production under good conditions to finish the crop in all production areas of the US and uncertain demand. China continues to withdraw from the world market in order to promote use of domestic production and reduce government stocks. The stocks owned by the government are [...]

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Rains in the Northwest and North are bringing in cooler temperatures for a day and then we warm up on Wednesday. In the overnight electronic session the December Corn is currently trading at 325 which ¾ of a cent lower. The trading range has been 326 ¼ to 324 ½ so far. The Grain Complex [...]

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Holes continue to be poked in the U.S. oil export ban as an abundance of U.S. oil makes it more likely that oil will go elsewhere. Genscape Vesseltracker reported that Alaskan crude oil has been exported outside of the United States since 2004. This is another step in lifting the 1970’s oil ban that already [...]

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Morning Grains 9/29/14

On September 29, 2014 - 10:31 AM By

DJ Survey: Sept. 1 US Grain, Soybean Stockpiles Estimates CHICAGO–The following are analysts’ estimates in millions of bushels for Sept. 1 quarterly U.S. grain and soybean stockpiles, as compiled by The Wall Street Journal. The U.S. Department of Agriculture is scheduled to release updated tables at noon EDT on Tuesday. U.S. Stockpiles on Sept. 1, [...]

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Morning Softs 9/29/14

On September 29, 2014 - 10:28 AM By

COTTON General Comments: Futures closed higher on some short covering to end the week. China continues to withdraw from the world market in order to promote use of domestic production and reduce government stocks. The stocks owned by the government are huge and could last for two years of normal consumption. China is now shifting [...]

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Even with marginal gains in the Wheat and Corn this Complex as a whole has many hurdles to cross to be a good exporter especially with the U.S. dollar compared to week European currencies as they continue quantitative easing. In the overnight electronic session the December Corn is currently trading at 324 ¼ which is [...]

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Arctic Windfall. The Energy Report 9/29/14

On September 29, 2014 - 7:52 AM By

Russia’s Rosneft in partnership with Exxon-Mobil corp. announced a massive discovery of a well that may contain close to a billion barrels of oil in Arctic! The find could rival the amount of oil in the Gulf of Mexico and already Russia is using this find to try to convince the US to lift sanctions [...]

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Morning Grains 9/26/14

On September 26, 2014 - 10:34 AM By

DJ China Dalian Grain Futures Closing Prices, Volume Soybean No. 1 Turnover: 382,164 lots, or 17.55 billion yuan Open High Low Close Prev. Settle Ch. Vol Open Settle Interest Nov-14 4,516 4,580 4,516 4,580 4,536 4,555 19 24 18 Jan-15 4,565 4,622 4,553 4,592 4,578 4,582 4 318,316 381,754 Mar-15 – – – 4,568 4,568 [...]

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Morning Softs 9/26/14

On September 26, 2014 - 10:21 AM By

COTTON General Comments: Futures closed a little lower as the export sales report was stronger than anticipated. China continues to withdraw from the world market in order to promote use of domestic production and reduce government stocks. The stocks owned by the government are huge and could last for two years of normal consumption. China [...]

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There must be something in the air that shows Ethanol output at six month low while the Grain complex continues to be buried. In the overnight electronic session the December Corn is currently trading at 326 which is unchanged. The trading range has been 327 to 325 ½ so far On the Ethanol front this [...]

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