Currently viewing the tag: "Technical Analysis"

Morning Grains 05/23/16

On May 23, 2016 - 11:55 AM By

DJ Table of China April Oilseed, Vegoil, Grain Imports
Table of Imports by Grain, Oil Type and Origin
(All figures in metric tons)
Apr Change Jan-Apr Change
in Tons on Year in Tons on Year
Total 302,409 +25.27% 858,688 +43.64%
Australia 147,582 -3.59% 421,657 +32.58%
Canada […]

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Morning Softs 5/23/16

On May 23, 2016 - 9:34 AM By

General Comments: The market remains in an overall trading range as the crop gets planted in the US. China continues to auction off just over 30,000 tons of Cotton each day to domestic buyers. That has meant less imports from the world market, but so far there has been no sign that any […]

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I have been saying for months that I expected no rate hikes until the end of 2016. The Fed however has changed their narrative and has developed a new tactic. Two days before last week’s release of the Fed minutes for April the Fed shipped out two Fed governors both Wednesday and Tuesday to imply […]

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Financials: June Bonds are currently 13 higher at 164’22, 10 Yr. Notes 3.5 higher at 129’26, 5 Yr. Notes 2 higher at 120’16.5 and June 2017 Eurodollars 1 higher at 98.91. Last weeks release of the FOMC minutes confirmed a partially hawkish stance by the Fed in relation to a data dependent rate hike sometime […]

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Freeze This! The Energy Report 5/23/16

On May 23, 2016 - 7:30 AM By

Iran says it has no plans to freeze oil exports, causing weakness in the price of oil at the start of the week. Reuters quoted the Iranian Deputy Oil Minister Rokneddin Javadils as saying that, “Under the present circumstances, the government and the Oil Ministry have not issued any policy or plan to the National […]

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Reverberations from the oil price crash continue as more bankruptcies and increased geo-political tensions are causing a seismic shift in the long term outlook for energy production. With mounting pressure on oil producing countries leading to civil unrest and more bankruptcies of highly leveraged oil companies, the bottom of the commodity cycle is well underway. […]

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Fed Flop. The Energy Report 5/19/16

On May 19, 2016 - 7:19 AM By

Oil prices were able to overcome a supply increase but were not able to overcome the Federal Reserve Minutes. The Fed sent the dollar on a tear because in the Fed minutes they said they wanted to send a message that a June interest rate increase was on the table. Oil had been rallying despite […]

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Morning Grains 5/18/16

On May 19, 2016 - 7:17 AM By

General Comments: Wheat futures were higher, with Chicago leading the way. There did not appear to be any bullish news out there, but the market feel sold out and is now forcing shorts to cover their positions. Wheat in the US is heading and filling kernels at this time and appears to have […]

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Morning Softs 5/18/16

On May 18, 2016 - 9:39 AM By

General Comments: Prices were higher and made new highs for the move. Trends turned up on the daily charts and the weekly charts show that the market held support. Many traders were not sure exactly why the market rallied, and pointed to the rallies in Chicago as the main reason. The Chinese auctions […]

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The weather forecasters are calling for warmer and dryer weather in the coming weeks which is leading to profit taking in the Grain complex in the overnight electronic session. The Soybeans are lower but the Soybean Meal could lift the complex. The July Corn is currently trading at 396 ¼ which is ¾ of a […]

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As oil prices hit another 7 month high on renewed concerns about risks to global supply, the question becomes whether shale oil producers can come to the rescue. Around the globe we are seeing the loss of millions of barrels of global production off line causing many to worry about the sustainability of production in […]

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Morning Grains 5/17/16

On May 17, 2016 - 10:12 AM By

DJ CBOT Delivery Intentions: Totals – May 17
Source: CME Group
Contract Quantity Next Trade
Commodity Month Delivery Day Assigned Today Date Available
SOYBEAN May May. 17, 2016 1 May 13, 2016
MINI-SIZED SOYBEANS May May. 17, 2016 5 May 16, 2016 Crop Progress
Date 15-May 8-May 2015 Avg

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