bond options

bond futures drop

May 9th, 2013

Bond Futures – U.S. 30-year bonds rose, pushing the yield down from the highest in a month, amid speculation rates near 3 percent and falling inflation expectations will attract investors when the nation sells $16 billion of debt today.

The securities advanced for a second day before a government report that economists said will show initial claims for jobless insurance climbed from a five-year low last week. Treasuries have returned 0.4 percent in 2013, according to Bank of America Merrill Lynch indexes, even as equities have surged, as the Federal Reserve’s debt purchases kept borrowing costs under downward pressure.

“Treasuries have been remarkably resilient despite the rally in global equities, reflecting abundant liquidity provided by central banks,” said Nick Stamenkovic, a strategist at RIA Capital Markets Ltd. in Edinburgh. “The recent concession at the longer end should ensure the 30-year bond auction is comfortably absorbed.”

Continue reading »

Brent crude oil

Brent crude oil futures fall

May 9th, 2013

Crude Oil Futures – Brent futures fell for a third session as crude inventories in the U.S. increased. Iraq resumed oil exports via Turkey today after a halt caused by sabotage to a pipeline.

Brent dropped as much as 0.8 percent. Total U.S. crude stockpiles rose by 230,000 barrels, according to the Energy Department. Iraq’s state-run North Oil Co. repaired the pipeline to Turkey following a bombing attack yesterday in the city of Mosul. The weekly U.S. jobless claims will be announced at 8:30 a.m. Washington time and are expected to show an increase to 335,000, according to a Bloomberg survey.

“The market looks to be taking stock, awaiting the next economic data,” said Michael Hewson, a market analyst at CMC Markets Plc in London who expects WTI to peak at $98 this year. “It’s a demand story at the moment as inventories keep rising. We need positive economic news to stop the fall and that could come with the weekly jobless claims.”

Continue reading »

emini s&p 500 futures

S&P 500 sets record

May 9th, 2013

S&P Futures – U.S. stock futures were little changed after the country’s benchmark equity gauges climbed to successive record levels.

News Corp. advanced 2.9 percent in Australian trading after the company posted third-quarter profit that beat analysts’ estimates. Groupon Inc. (GRPN) surged 12 percent after first-quarter sales exceeded estimates. Activision Blizzard Inc. dropped 6.5 percent in German trading after the largest video-game maker in the U.S. said it remained cautious for the second half.

Standard & Poor’s 500 Index (SPX) futures retreated 0.1 percent to 1,627 at 7:24 a.m. in New York after the benchmark measure set a record level yesterday for a fifth consecutive trading day. Contracts on the Dow Jones Industrial Average dropped 9 points, or 0.1 percent, to 15,053 today.

“The risk of a melt-up in stocks is high and rising,” Michael Hartnett, chief investment strategist at Bank of America Corp., wrote in a report to clients titled ‘Raging Bull’ today. “Positioning, price action, policy and a range-bound economy can conspire to cause an overshoot.”

Continue reading »

Gasoline Follows WTI Crude Higher

On May 8, 2013, in gasoline futures trading news, by Infinity Trading
unleaded gasoline futures

gasoline futures rise

May 8th, 2013

Gasoline rose, following West Texas Intermediate crude higher, after an industry report yesterday that oil inventories at the storage hub of Cushing, Oklahoma, declined last week.

Gasoline futures gained as much as 0.6 percent. WTI rose 0.8 percent and its discount to Brent crude on ICE Futures Europe narrowed to $8.29 a barrel, the lowest level since January 2012. Gasoline’s crack spread versus WTI narrowed 11 cents to $23.27 a barrel, and the fuel’s premium over Brent widened 40 cents to $14.

“It’s following WTI and waiting for the big report today to see if there’s any indication of demand,” said Phil Flynn, senior market analyst at Price Futures Group in Chicago.

Continue reading »

Ethanol Rises Against Gasoline

On May 8, 2013, in ethanol futures news report, by Infinity Trading
ethanol brokers

Ethanol futures rise

May 7th, 2013

Ethanol futures advanced against gasoline on speculation higher export demand is tightening supply along the U.S. East Coast.

The spread, or price difference, contracted 7.43 cents to 27.04 cents a gallon as ethanol stockpiles in New York Harbor in the week ended April 26 dropped to a record low 5.6 million barrels, data from the Energy Information Administration show, even as total gasoline demand trails year-earlier levels. Renewable Identification Numbers were mixed.

“Some of these guys must be exporting,” said Michael Slider, director of business development at Fauser Energy Resources in Oregon, Illinois. “Some of the storage on the East Coast has been going on ships.”

Denatured ethanol for June delivery rose 4.2 cents, or 1.7 percent, to $2.563 a gallon on the Chicago Board of Trade. Futures have gained 16 percent in the past year.

Continue reading »

Firetip Trading Platform

On May 7, 2013, in Firetip Futures Platform, by Infinity Trading
fire tip platform

Firetip futures platform

May 7th, 2013

Firetip Trading Platform provides free trading platform with real time streaming data and charts.
Trade Futures, Commodities, Electronic, Pit and Options from one trading platform

Trade from the Dome (price ladder), Order Book or Charts.
Great executions start on your desktop. With Firetip, you have the power to set up great trades quickly and execute them instantly:

Customize Firetip to your trading style – organize quotes, charts, news and tools across one monitor or more
Include one-of-a-kind tools like the Trading Matrix and depth-of-market window for on-the-fly analysis
Track your progress with order book, fills window and account details – fully integrated and updated in real time

Continue reading »

Copper Gains to Highest in Three Weeks

On May 7, 2013, in Copper Futures News Report, by Infinity Trading
copper futures brokers

copper futures gain

May 6th, 2013

Copper futures climbed to the highest level in three weeks on speculation that demand may improve in China, the biggest user. Aluminum and lead also advanced.

Copper for delivery in three months gained as much as 1.4 percent to $7,374 a metric ton on the London Metal Exchange, the highest level since April 15, and was at $7,325 at 10:44 a.m. in Shanghai. The metal recorded the biggest daily advance in 18 months on May 3. The LME reopened after a holiday yesterday.

Continue reading »

U.S. Stock Futures Little Changed

On May 6, 2013, in S&P 500 futures news report, by Infinity Trading
emini s&p futures

S&P Futures Little Changed

May 6th, 2013

EMini S&P Futures – U.S. stock futures were little changed, after the Standard & Poor’s 500 Index traded above 1,600 for the first time last week and data showed American employers added more workers than forecast in April.

Intel Corp. (INTC) rose 1 percent after the world’s largest chipmaker offered to buy Finland’s Stonesoft Oyj for $389 million. Barrick Gold Corp. advanced 1.7 percent as the price of the metal rallied. Tyson Foods Inc. slumped 6.1 percent after posting second-quarter profit and sales missed estimates.

S&P 500 futures expiring in June fell less than 0.1 percent to 1,608.2 at 8:29 a.m. in New York. Contracts on the Dow Jones Industrial Average increased 2 points, or less than 0.1 percent, to 14,900 today.

“Markets are still digesting a bit on Friday’s payroll numbers as there’s a lack of market-moving events today,” Witold Bahrke, who helps oversee $55 billion as senior strategist at PFA Pension A/S in Copenhagen, said in a message. “The U.K. bank holiday also points to a relatively quiet start into the week.”

Continue reading »

soybean futures optons

soybean futures advance

May 3rd, 2013

Soybean futures jumped for the first time in four days on speculation that U.S. farmers will not increase the amount of the oilseed they plant as technological advances make it possible to seed corn later in the year.

Rain is expected in parts of the Midwest, delaying corn planting, DTN said in a report today. Wet weather next week will “keep planting progress slow,” the forecaster said. Technological advances including “short-season” plants that grow faster than normal will allow farmers to seed corn, even if it’s planted later, said Brian Hoops, the president of Midwest Market Solutions in Springfield, Missouri.

“With the technology and the hybrids we have, we will see corn acres get into the ground,” Hoops said in a telephone interview. “Back 20 years ago we would’ve seen the jump to soybeans, but now we have short-season hybrids. Not a lot of acres are going to be shifted from corn.”

Continue reading »

coffe options

coffee futures rise

May 2nd, 2013

Coffee futures robusta rebounded in London on speculation exchange data due later today will show stockpiles declined as beans from producing countries are trading at a premium. Sugar fell and cocoa swung between gains and losses.

Robusta inventories with a valid grading certificate in warehouses monitored by NYSE Liffe were 126,250 metric tons on April 15. The exchange data is due today and may show that inventories dropped in the two weeks to April 29. Coffee from Vietnam, the world’s top producer of the robusta variety, and third-ranking Indonesia was trading at a premium of $90 a ton to NYSE Liffe last week, according to Volcafe, the Winterthur, Switzerland-based unit of ED&F Man Holdings Ltd.

“There’s speculation that certified stocks have been sold to the industry,” Jerome Jourquin, head of agricultural commodity derivatives at Aurel BGC in Paris, said by e-mail today, referring to coffee roasters.

Continue reading »