Hogs Rally to Highest Since July

On May 30, 2013, in Hog futures trading news report, by Infinity Trading
lean hog futures

Hog futures rally

May 30th, 2013

Hog futures rose to the highest since July on speculation that U.S. pork exports to China, the world’s biggest consumer, will gain as Shuanghui International Holdings Ltd. takes over Smithfield Foods Inc. Cattle fell.

Closely held Shuanghui announced yesterday that it agreed to acquire the Smithfield, Virginia-based U.S. producer for about $4.72 billion. Shipments to Asian country this year would total 326 million pounds (148,000 metric tons) if the deal is completed, or 9.8 percent more than an earlier forecast, according to Brett Stuart, the chief executive officer of meat researcher Global AgriTrends.

“Meat is continuing to move,” Jason Golly, a vice president of risk-management marketing at Lynch Livestock Inc., said in a telephone interview. “There’s just great demand.”

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lumber futures

lumber futures fall

May 29th, 2013

Lumber futures fell the most in 17 months on speculation that North American mills from Texas to Alberta are boosting output.

Lumber soared 44 percent last year as a jump in U.S. housing starts strained supplies following a cut in capacity during the property slump. Mills coming back online are easing constraints, said Steven Chercover, an analyst at DA Davidson & Co. in Lake Oswego, Oregon. Today, futures declined the most allowed by the Chicago Mercantile Exchange for the second straight day and reached a seven-month low.

“Supply is coming back on stream and catching up to demand,” Chercover said yesterday in a report. “Workers are returning to the mills and the timberlands. End-users are minimizing or deferring purchases in order to get what they need cheaper next week.”

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gold futures brokers

gold futures drop

May 28th, 2013

Gold futures may decline to a three-year low if the price breaches the April 16 low by the end of June, extending a bear market that started last month, according to technical analysis by research company JSC Corp.

The most-active contract on the Comex in New York fell below the so-called cloud on Ichimoku charts and traded below the 50-day moving average since February, said Takaki Shigemoto, an analyst at the Tokyo-based company. If futures retreat below $1,321.50 an ounce in coming weeks, they will then drop to $1,155.80, reached in April 2010, he said.

Gold has dropped 17 percent this year in New York after climbing in the previous 12 years. Futures plunged into a bear market as some investors lost faith in the metal as a store of value amid economic optimism, low inflation and a rally in equities. The drop will be intensified if the Federal Reserve begins scaling back monetary stimulus later this year, he said. Bullion for August delivery rose 0.2 percent to $1,389.90 at 4:19 p.m. in Tokyo.

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corn futures brokers

corn futures climb

May 29th, 2013

Corn futures rose in Chicago as rains further delayed sowing in some U.S. states. Wheat slipped on prospects for improved crop conditions.

Parts of Iowa, Illinois, Missouri and South Dakota had as much as 6 inches (15 centimeters) of rain during the past three days, causing flooding and delaying planting, Commodity Weather Group LLC said yesterday. The U.S. is the world’s largest producer of the grain.

“Weather conditions are still penalizing for soybeans and corn,” Paris-based farm adviser Agritel wrote in a comment today. “On the flip side, the rains are beneficial for wheat crops, which explains the price drop for this product, even more so as planting conditions in Australia look favorable.”

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Crude Oil Rises as Confidence Climbs

On May 28, 2013, in Crude Oil Futures News Report, by Infinity Trading
crude oil investing

Crude oil futures rise

May 28th, 2013

Crude oil climbed for the first time in five days after U.S. consumer confidence rose to the highest level in more than five years while home prices advanced, signs that the economy and fuel use will grow.

Futures gained as much as 1.9 percent and equities surged as the Conference Board’s index of sentiment rose to 76.2 in May, the strongest level since February 2008. The S&P/Case-Shiller index of property values jumped 10.9 percent from March 2012, the biggest 12-month expansion since 2006. Saudi Arabia is content with the current oil-market balance, the kingdom’s petroleum minister said before OPEC members meet this week.

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cattle futures brokers

cattle futures drop

May 23rd, 2013

Cattle futures fell for a second straight day on speculation that U.S. beef demand is easing. Hog prices also declined.

Retailers probably have already filled meat orders for grilling demand for the Memorial Day holiday weekend, which starts May 25, said Dick Quiter, an account executive at McFarland Commodities LLC. Meatpackers processed 373,000 cattle during the first three days of the week, down 0.5 percent from a year earlier, U.S. Department of Agriculture data show.

“Demand seems to be a little bit lighter than what they hoped,” Quiter said in a telephone interview from Chicago. “Most of the retail buying for Memorial Day and maybe out even into Father’s Day, they pretty much have got that locked up.”

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Soybeans Touch Six-Month High

On May 23, 2013, in Soybean futures news report, by Infinity Trading
soymeal futures

soybean futures rise

May 23rd, 2013

Soybean futures touched a six-month high in Chicago on signs demand will increase in China, the world’s biggest importer of the oilseed, while U.S. supplies shrink before the next harvest.

China’s soybean imports will start increasing sizably from this month and jump 17 percent in the season beginning Aug. 1 to 68 million metric tons, Hamburg-based researcher Oil World said May 21. U.S. supplies before the next harvest will shrink to 125 million bushels, the smallest since 2004, the Department of Agriculture estimates.

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cocoa futures options

cocoa futures fall

May 22nd, 2013

Cocoa futures fell in London and New York on speculation prices that rallied yesterday climbed too far as rainfall may favor crop development in West Africa, the main growing region. Raw sugar rose in New York.

Cocoa gained 2 percent in London and 1.9 percent in New York yesterday as the pound fell to a six-week low against the dollar after a report showed U.K. inflation slowed more in April than economists forecast. Cocoa growing areas in West Africa got widespread rainfall last week, with the heaviest amounts over southwestern Cameroon and southern Ivory Coast, MDA Weather Services, in Gaithersburg, Maryland, said in a report e-mailed yesterday.

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dow jones options

Dow Jones futures rise

May 22nd, 2013

Dow Jones Futures – U.S. stock futures rose, after equity benchmarks climbed to record highs yesterday, as investors awaited Federal Reserve Chairman Ben S. Bernanke’s testimony on the economy and the central bank’s asset purchases.

Saks Inc. soared 17 percent after people with knowledge of the matter said the retailer has hired Goldman Sachs Group Inc. to explore options including a sale. Target Corp. lost 2.1 percent after profit fell 29 percent as higher taxes and cooler temperatures hampered sales. Lowe’s Cos., the second-largest U.S. home-improvement retailer, slipped 2.6 percent after reporting earnings that trailed analysts’ estimates.

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bond futures

bond futures rise

May 20th, 2013

Bond Futures – The longest decline in Treasuries this year has left U.S. government debt the cheapest since March 2011 when measured by real yields and the best relative value compared with German bunds in more than two decades.

After inflation, 10-year U.S. notes yielded 0.91 percent last week, or 1.77 percentage points more than real yields on U.K. gilts, the widest spread in 25 months. Versus Germany, the securities are the least costly in 23 years when adjusted for the recent record-low interest rates around the world that distorted the normal relationship, according to FTN Financial.

Federal Reserve Chairman Ben S. Bernanke is counting on Treasuries to contain borrowing costs as the central bank buys $85 billion a month in securities to sustain the economic recovery that lifted U.S. consumer confidence to the highest in almost six years. The better relative yield for U.S. bonds may help bolster demand even as Warren Buffett said this month that he pitied fixed-income investors because of about record-low interest rates.

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