July 26th, 2013

Cattle futures gained the most in a week on speculation that mild U.S. weather will lead to higher beef demand as more Americans grill outdoors. Hog prices fell.

Wholesale beef rose 0.4 percent to $1.8766, the biggest increase in four weeks, U.S. Department of Agriculture data show. Most of the Midwest will have below normal temperatures in the next six to 10 days after a recent heat wave, according to MDA Weather Services. Hot weather can slow grilling demand as fewer consumers cook outdoors.

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crude oil futures

July 23rd, 2013

West Texas Intermediate crude fluctuated on speculation that the Federal Reserve will pare stimulus in September and as China’s premier pledged economic growth of at least 7 percent. WTI’s discount to Brent widened.

Futures fluctuated as economists surveyed by Bloomberg predicted the Fed will trim monthly bond buying to $65 billion from $85 billion. Premier Li Keqiang said the slowest economic growth policy makers will tolerate is 7 percent, Beijing News reported today. Goldman Sachs Group Inc. (GS) forecast WTI’s discount to Brent will grow amid a U.S. Gulf Coast supply glut.

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Corn Gains a Second Day On U.S. Yields

On July 17, 2013, in Corn Futures News Report, by Infinity Trading
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Corn futures gain

Jul 17, 2013

Corn futures advanced for a second day on concern that hot weather in the U.S. may hurt the outlook for a record crop in the largest grower and exporter. Wheat rose.

Corn futures for December delivery advanced as much as 0.7 percent to $5.145 a bushel on the Chicago Board of Trade, after climbing 1.4 percent yesterday. It traded at $5.1425 at 11:08 a.m. in Singapore on volume that was 37 percent below for the 100-day average for that time of day.

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U.S. Stocks Little Changed Amid Earnings

On July 16, 2013, in S&P 500 futures news report, by Infinity Trading
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S&P 500 futures gain

July 16th, 2013

S&P 500 Futures – U.S. stocks were little changed, after benchmark indexes extended records yesterday, as industrial production rose in June and investors watched earnings from Coca-Cola Co. and Goldman Sachs Group Inc.

Coca-Cola fell 3 percent as volumes missed estimates. Cintas Corp. dropped 4.1 percent after the uniform maker forecast earnings for the current fiscal year that were below analyst estimates. Goldman Sachs retreated 0.4 percent even after profit beat analysts’ projections. Johnson & Johnson added 1.1 percent as profit more than doubled and the company boosted its earnings forecast.

The Standard & Poor’s 500 Index fell 0.1 percent to 1,680.58 at 9:48 a.m. in New York. The Dow Jones Industrial Average slipped 13.78 points, or 0.1 percent, to 15,470.48. Trading in S&P 500 stocks was 3.6 percent below the 30-day average at this time of day.

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Coffee Gains Most in 10 Weeks

On July 15, 2013, in coffee futures news report, by Infinity Trading
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coffee futures gain

July 15th, 2013

Coffee futures arabica gained the most in 10 weeks as a rally in the Brazilian real eased concern that exporters will expand shipments at a time of global surplus.

The Brazilian real strengthened 1.1 percent to 2.242 per dollar at 12:54 p.m. after touching a four-year low of 2.803 on July 10. The currency tumbled 11 percent in the two months through July 12, increasing the incentive for coffee exporters to ship more beans and sending prices in New York down 17 percent over the period. The collapsed-exchange rate created incentive for exports sold in the U.S. currency.

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Commodity Investing

July 12, 2013

Commodity investors increased commodity holdings to the highest in more than two weeks as oil’s rally to a 15-month high boosted the outlook for raw material returns.

Open interest of contracts outstanding for the 24 commodities tracked by the Standard & Poor’s GSCI spot gauge gained 0.9 percent this week, data compiled by Bloomberg show. The GSCI gauge touched a three-month high of 647.57 yesterday, and is up 1 percent this week.

“Commodities had quite a strong decline relative to other asset classes in the second quarter,” said Jeremy Baker, a senior commodities strategist overseeing about $800 million of assets at Harcourt Investment Consulting AG in Zurich. “Now the question comes, do you think equities are fairly-valued or are they overvalued? If investors decide to shift more money into risk, then commodities are probably not a bad place to be shifting it to.”

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Cattle Herd at 60-Year Low

On July 10, 2013, in cattle futures trading news report, by Infinity Trading
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feeder cattle rise

July 10th, 2013

Cattle Futures – A third year of drought in Texas, the biggest U.S. cattle producer, is leaving the national herd at a six-decade low and Tyson Foods Inc. (TSN) (TSN) and Cargill Inc. fighting to boost margins amid excess slaughterhouse capacity.

Almost half the pastures in Texas are in poor or very poor shape because of hot, dry weather, according to the Department of Agriculture. With more than three years of rising feed costs, farmers have had less incentive to maintain herd size. The slaughter of commercial cows during the first half may be the largest for that period since 1996, the USDA said June 18.

“In the near term, the situation is still grim,” Nathan Kauffman, an agricultural economist for the Omaha branch of the Federal Reserve Bank of Kansas City, said in an interview on July 2. “There is a lack of grazing pasture land.”

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s&p 500 futures

July 8th, 2013

S&P 500 Futures – The same equity analysts who lowered second-quarter profit growth predictions to almost nothing in 2013 are raising price forecasts, convinced the economy is growing fast enough to lure more investors and boost valuations.

Standard & Poor’s 500 Index earnings rose 1.8 percent last quarter, down from a projection of 8.7 percent six months ago, according to more than 11,000 analyst estimates compiled by Bloomberg. At the same time, share-price targets for companies from GameStop Corp. (GME) to Goldman Sachs Group Inc. are rising at the fastest rate in two years. The U.S. equity gauge will increase 8.9 percent to a record 1,777.91 should the forecasts prove accurate.

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Crude oil futures soar

July 5th, 2013

Crude oil futures topped $102 a barrel on Friday as concerns over the potential disruption of the Middle East oil trade intensified, setting prices up for their biggest weekly gain in over a year.

Better-than-expected U.S. employment data for June also contributed to oil’s price gain, with the growth in new jobs helping to raise the prospects for energy demand.

Crude for August delivery (NMN:CLQ3) gained $1.18, or 1.2%, to $102.42 a barrel from Wednesday’s settlement on the New York Mercantile Exchange, which was closed Thursday for the Independence Day holiday.

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