Currently viewing the tag: "Technical Analysis"

Recent weather and cheap prices has become attractive to new buyers. The Wheat market has led the way with overall global demand versus global supplies have raised an eyebrow that became the shot in the arm the Grain complex needed to rally. In the overnight electronic session the September Corn is currently trading at 363 [...]

Continue Reading

Morning Grains 8/22/14

On August 22, 2014 - 9:32 AM By

DJ China Dalian Grain Futures Closing Prices, Volume Soybean No. 1 Turnover: 242,130 lots, or 10.95 billion yuan Open High Low Close Prev. Settle Ch. Vol Open Settle Interest Sep-14 4,453 4,461 4,449 4,452 4,443 4,455 12 8,442 19,868 Nov-14 4,513 4,513 4,502 4,502 4,485 4,509 24 8 176 Jan-15 4,491 4,533 4,476 4,512 4,497 [...]

Continue Reading

Morning Softs 8/22/14

On August 22, 2014 - 9:25 AM By

COTTON General Comments: Futures closed higher in nearby months and slightly lower in deferred months. The export sales report was called negative, but October rallies on tight supplies available in the short term. Further Support came from forecasts for hot and dry weather to develop over the next few days in West Texas that could [...]

Continue Reading

Who thought that anything could over shadow Janet Yellen today? Well leave it to the energy complex. Refining issues and tight supply of distillate will keep oil supported as the rest of the markets focus on Jackson Hole. Talk that Shell Deer Park refinery could be down for months as well as a Bloomberg report that [...]

Continue Reading

Morning Grains 8/21/14

On August 21, 2014 - 9:42 AM By

DJ China Dalian Grain Futures Closing Prices, Volume Soybean No. 1 Turnover: 285,464 lots, or 12.86 billion yuan Open High Low Close Prev. Settle Ch. Vol Open Settle Interest Sep-14 4,456 4,459 4,433 4,442 4,453 4,443 -10 3,930 25,574 Nov-14 4,482 4,490 4,471 4,471 4,504 4,485 -19 12 172 Jan-15 4,523 4,537 4,480 4,490 4,530 [...]

Continue Reading

Morning Softs 8/21/14

On August 21, 2014 - 9:36 AM By

COTTON General Comments: Futures closed higher on follow through buying as USDA showed a bigger drop in crop condition rating tan had been expected by the trade. Traders had expected USDA to show about unchanged ratings. Further Support came from forecasts for hot and dry weather to develop over the next few days in West [...]

Continue Reading

As we brace for hot and humid weather that we should have expected well before the upcoming Labor Day weekend. The Farmer’s Almanac predicted a colder winter and another hotter summer. These extremes are not what the doctor ordered. Grain prices are doing their best to rebound in this oversold market. Fundamentally Wheat should lead [...]

Continue Reading

Decouple? The Energy Report 8/21/14

On August 21, 2014 - 9:25 AM By

In the beginning of the financial crisis they were trying to tell us that the sub-prime problems really did not matter and even if it did it was a US problem. They said that even if the US banking system had some issues it was ok because the Europe and China had decoupled from the [...]

Continue Reading

Morning Grains 8/20/14

On August 20, 2014 - 9:44 AM By

DJ China Dalian Grain Futures Closing Prices, Volume Soybean No. 1 Turnover: 271,608 lots, or 12.32 billion yuan Open High Low Close Prev. Settle Ch. Vol Open Settle Interest Sep-14 4,465 4,467 4,438 4,464 4,457 4,453 -4 3,240 27,636 Nov-14 4,504 4,504 4,504 4,504 4,524 4,504 -20 2 172 Jan-15 4,560 4,565 4,514 4,533 4,560 [...]

Continue Reading

Morning Softs 8/20/14

On August 20, 2014 - 9:16 AM By

COTTON General Comments: Futures closed slightly higher as USDA showed a bigger drop in crop condition rating tan had been expected by the trade. Traders had exp3cted USDA to show about unchanged ratings. However, USDA showed that the condition of the crop dropped in the last week, although overall ratings remain good to very good. [...]

Continue Reading

Financials: Sept. Bonds are currently 2 higher at 139’27, 10 Yr. Notes unchanged at 126’07 and 5 Yr. Notes 1 lower at 119’25. I am using this break to take a loss on current long 10 Yr./short Bond spreads in the 13’20 area (theoretical loss of about $1,250.00). I’m still short biased the interest rate [...]

Continue Reading

In the overnight electronic session the September Corn is currently trading at 360 ¼ which 2 ¼ cents lower. The trading range has been 362 to 359 ¾ so far. The oversold market is looking for a reason to bounce and just can’t seem to find a reason with the weather and now harvest approaching [...]

Continue Reading