search CFD Spy

Advertising





Most Popular


got trading broker knowledge? Why not Submit a rating and review today!
Compare Online Trading brokers

1 Star2 Stars3 Stars4 Stars5 Stars
(Be first to rate!)
Loading ... Loading ...

July 24th, 2014 | By trader | Published in LUNCH IS FOR WIMPS | Comments on this postNo Comments »

The last time corn futures went up, the U.S., Mexico and Uruguay were still in the World Cup but surprisingly they did so again last week for the first time in 10 sessions taking the December corn contract 0.9 % higher to $3.88 which was 1/4 a bushel – bouncing from a fresh new contract low of $3.80 1/4 a bushel respectively.

The old crop September contract, which will move past in the next session as the spot lot after this week’s expiration of the July lot closing up 0.9 % at $3,81 1/2 a bushel.

Below the $3.50 bushel

The downbeat commentaries on soybean and corn prices following Friday’s upgrades by the U.S. Department of Agriculture estimated that for the domestic and world stocks were at a close of the two-year span maybe than in itself prove as a contrary indicator.

There are plenty of talks regarding corn yields moving above the 170 bushels an acre as weather throughout the U.S. are simply too good of a sunshine with very little geographic area indicating any problems. With the extra slight negative, U.S. corn exports last week came in at 926,329 tons which was not particularly bad but was still below the average 1.26 million tons it garnered last week.

The extra length that appeared to be a negative indicator was perhaps reflective of spread betting between corn and soybean futures.

Dismay caused by fusarium

It was noted that Chicago soft red winter wheat for September jumped 2.2 % to $5.37 3/4 a bushel, far bested Kansas City red winter wheat for the same month in which hedge funds will still have a net long position which closed up 1.6 % at $6.46 1/4 a bushel respectively.

U.S. wheat exports last week were frail with 377,520 tons down from 470,372 tons the prior week. With the weather not proving so good for grains as for corn and the continued damp conditions resulted in the introduction for the dread fusarium which is a fungal disease affecting the crops became a real threat in the course of the season.

Wet weather conditions substantially affected the harvest in eastern colourado and Nebraska which circumstance is also plaguing harvest in the European Union with the same spoiled quality emerging.

As with European prices

Heightened Ukraine tensions which transpired earlier this year contributed to the rally in wheat prices which was further precipitated by the recent U.S. drought.

Still, nearer to Ukraine and in Paris, milling wheat failed to shine closing down 1.0 % at E178.75 which was still a ton for November delivery which was the weakest close for a spot contract in more than three years.

London wheat for November ended down 0.8 % at a four-year low of £129.70 a ton and with these closes occurring before the best of the rally in Chicago wheat futures which would be indicative of the possible trade in the coming weeks.

Weighing heftily

Oilseed markets had the negative to negotiate of a tumble in palm oil futures which closed 2.0 % at 2,298 ringgit a ton in Malaysia which was the lowest close since last year correspondingly. A little support did came from news of an Argentine truckers’ strike last earlier this month for an indefinite period due to the disruption in shipments from the said geography.

Moreover, U.S. exports were rather decent at 115,280 tons from 92,698 tons the week prior and it was also noted that the hedge funds have already been sold down a stacks of soybeans and options almost turning, curiously, net short in the oilseed.

Roasters more interested in purchases

Among soft commodities, cocoa decline 0.2 % to $3,083 a ton in New York for the September delivery which was undermined by data revealing a 9.9 % drop in Malaysia’s grind in the second quarter.

That being said, an unveiling of the U.S. confectionery acquisition, claimed double-digit organic expansion in chocolates sales in North America raised the optimism for a new upbeat industry from the said region later this week. This being evidenced by Arabica coffee which closed 1.8 % at 164 cents a pound despite bargain hunting, with not much news around to settle on the extent of the drought-hit Brazilian harvest.

More Lunch...

FSB contemplate s broader window for foreign-exchange benchmarks

July 22nd, 2014 | Published in LUNCH IS FOR WIMPS

The global regulators published details of its preparations to fix foreign-exchange benchmarks in response to assertions that traders are in conspiracy to manipulate rates in the $5.3 trillion-a-day currency market. The Financial Stability Board (FSB) suggested making changes to how the most popular rates from WM/Reuters are being calculated by expanding the length of the […]

Read more

Corn, Wheat Futures hit almost four-year low

July 17th, 2014 | Published in LUNCH IS FOR WIMPS

Corn was able to tumble nearly 21 % last April which placed it in a bear market. Corn and wheat futures cascaded to their lowest price in almost four years as good weather over July which later upgraded prospects for U.S. crops. Likewise, soybean fell closing at their lowest level in more than four months. In […]

Read more

Majority of European stocks higher; Fed minutes in focus with Dax up to 0.12 %

July 15th, 2014 | Published in LUNCH IS FOR WIMPS

European stocks were comparatively higher last Wednesday as sentiment advanced ahead of the Federal Reserve’s meeting minutes due later for the week as well as a speech by the ECB chairman, Mario Draghi. During the European morning trade, the DJ Euro Stoxx 50 edged 0.19 % higher with France’s CAC 40 rising 0.17 % while Germany’s DAX […]

Read more

Stocks Bull Market sixty three months and expanding

July 10th, 2014 | Published in LUNCH IS FOR WIMPS

It was indeed another remarkable week for stocks and for the third consecutive week in a row the market has gained 1 %. The market displayed some ambiguity in the week which dealt with the OEW 1929 pivot, but later cleared as it made new all time highs respectively. For the week, the SPX/DOW was able […]

Read more

Advantages of Carry Trade Currencies

July 3rd, 2014 | Published in LUNCH IS FOR WIMPS

Did the early risers club expanded new horizons As the second quarter comes to an end, some new themes are beginning to take notice; firstly the central bank position appears to be the primary theme overshadowing geopolitical risks and oil price volatility. This has hefty consequences for financial markets in genera and with the present […]

Read more

Technicals Latest Headlines

EURUSD remains in downtrend from 1.3700

| July 22nd, 2014 3:09 am | By forexcycle | Published in Daily Technical

EURUSD remains in downtrend from 1.3700, the rise from 1.3490 is likely consolidation of the downtrend. Resistance is located at the upper line of the price channel on 4-hour chart. As long as the channel resistance holds, the downtrend could be expected to continue, and next target would be at 1.3300 area. On the upside, […]

USDCAD stays in the upward price channel

| July 21st, 2014 4:01 am | By forexcycle | Published in Daily Technical

EURUSD moved sideways in a range between 1.3575 and 1.3650

| July 15th, 2014 5:29 am | By forexcycle | Published in Daily Technical

GBPUSD moved sideways in a trading range

| July 14th, 2014 3:04 am | By forexcycle | Published in Daily Technical

USDCAD moved sideways in a trading range

| July 10th, 2014 4:00 am | By forexcycle | Published in Daily Technical

Fundamentals-Latest Headlines

Commodity Report for Gold, Silver, Oil and Nat Gas

| November 9th, 2009 6:47 pm | By ChrisVermeulen | Published in Weekly Fundamental

Commodity Report for Gold, Silver, Oil and Nat Gas Everyone is talking about commodities as the place to be in the coming months. I tend to agree, but it is still important to know where each commodity is trading to maximize returns and reduce risk. That being said we are also seeing money flow out […]

Stock market analysis – Morning call

| March 27th, 2009 10:24 am | By One Financial | Published in Daily Fundamental

MARKET SUMMARIES: Global stock markets are reacting positively

| March 24th, 2009 10:09 am | By One Financial | Published in Daily Fundamental

EUROPEAN OUTLOOK & US/ASIAN SUMMARIES:

| March 23rd, 2009 10:45 am | By One Financial | Published in Daily Fundamental

Morning Call – Global investors are starting to doubt..

| March 20th, 2009 9:53 am | By One Financial | Published in Daily Fundamental