Mid Month Updates
Tuesday, July 14th, 2009 Posted in Uncategorized | No Comments »Today is the last trading day for the July grain and oilseed futures contracts. They have provided us with a lot of action -- almost too much at times, and it will be bittersweet to see them go. July '09 ...
Old Crop Soybeans Independence
Wednesday, July 1st, 2009 Posted in Uncategorized | No Comments »Having fully discounted the USDA acreage report yesterday, corn market tumbled and pressure was mounted in the wheat futures contracts across the country. Interestingly, within the last 25 minutes of trading, wheat had every chance to plummet toward the day's lows, ...
Hogs & Pigs Report Tomorrow
Thursday, June 25th, 2009 Posted in Uncategorized | No Comments »At 2pm Chicago time the USDA will publish it's Quarterly Hogs and Pigs Report. Here are the estimates, compliments of the most excellent source of information which is Informa: Note that the numbers published tomorrow by the USDA were based on ...
Hog Spread – What a Difference a Day Makes
Wednesday, June 24th, 2009 Posted in Uncategorized | No Comments »The backspread in the Lean Hog futures that had been causing some pain snapped back in a hurry today. Take a look: Now that this reco has benefitted from this reprieve, we'll turn our attention back to the original suggested profit targets ...
Spread Update and Grain Moves
Tuesday, June 23rd, 2009 Posted in Uncategorized | No Comments »The LHN9 / LHZ9 spread is clearly taking some heat. The backspreads had worked quite well up until a couple of weeks ago. Now it appears that liquidation of those backspreads is overwhelming. The recommendation was made to initially risk 3 ...
Follow-Up to Hog Spread
Tuesday, June 16th, 2009 Posted in Uncategorized | No Comments »I mentioned a hog spread in the previous blog. I mentioned that the LHZ9 contract vs. the LHN9 contract had widened substantially and that I'd be looking for a pullback to buy. I believe we're there. Typically this time of year ...
Pre-Report Rally or $US Bump?
Tuesday, June 9th, 2009 Posted in Uncategorized | No Comments »In the grain and oilseed markets today we experienced some pretty good rallies. Spring and Winter wheat rallied between all three exchanges, as did Corn, Oats, Rice, Soybeans and soy products. While there may be an argument that wheat popped ...
Grain Report Expectations // Pork Analysis
Monday, June 8th, 2009 Posted in Uncategorized | No Comments »First order of business ... We'll get the latest set of numbers from the USDA on Wednesday morning with the Monthly Crop Production release. Here are the numbers from May, along with the average guesstimate and trade ranges for the ...
And Then Some!
Thursday, June 4th, 2009 Posted in Uncategorized | No Comments »After yesterday's spanking that most commodity futures took, many came back today to recover what they'd lost yesterday and then some. Particularly the energies, Soybeans, & Soymeal. many of the commodity futures we watch were able to recover a bulk ...
$US Not a Saviour for All Commodities Today
Tuesday, June 2nd, 2009 Posted in Uncategorized | No Comments »Yesterday, new lows in the June '09 Dollar Index futures helped propel most markets higher. Today, it was not the global crutch to move most commodity futures markets in the same fashion. In the grains/oilseed sectors: Wheat, Soybean, Meals, and Rice ...