dow jones brokers

Dow Jones Futures

September 30th, 2013

U.S. stocks slid, paring a quarterly gain for the Standard & Poor’s 500 Index, as a stalemate over the federal budget increased the likelihood of a government shutdown.

All 10 main industries in the S&P 500 dropped, with financial, telephone and energy shares falling the most. Microsoft Corp. retreated 1.1 percent to lead declines among the largest companies.

The S&P 500 fell 0.5 percent to 1,683.74 at 11:01 a.m. in New York, after declining as much as 1 percent earlier in the day. The benchmark gauge has added 3.1 percent this month, extending its quarterly gain to 4.8 percent, as the Federal Reserve kept its $85 billion of monthly bond-buying. The Dow Jones Industrial Average lost 103.14 points, or 0.7 percent, to 15,155.10 today. Trading in S&P 500 stocks was 2.1 percent below the 30-day average at this time of day.

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commodity investing

commodity futures

September 26th, 2013

U.S. stocks pared early gains, following the longest slump this year for the Standard & Poor’s 500 Index, as growing concern that a budget impasse could hurt the recovery offset an unexpected drop in jobless claims.

Bed Bath & Beyond Inc. (BBBY) gained 3.8 percent after raising the low end of its earnings forecast. Apple Inc. added 0.8 percent as Morgan Stanley said iPhone demand is “tracking significantly ahead of expectations”. Eli Lilly & Co. fell 3.6 percent after its experimental drug ramucirumab failed to meet its goals for treating breast cancer in a late-stage trial. Hertz Global Holdings Inc. sank 12 percent after cutting its forecasts.

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soybean brokers

soybean futures

September 25th, 2013

Soybean futures rose for a second day after a U.S. government report showed rains in the Midwest last week failed to bolster crop conditions in the country, last year’s biggest producer of the oilseed.

Crop conditions were unchanged as of Sept. 22 from a week earlier, with 50 percent of soybeans rated good or excellent, U.S. Department of Agriculture data show. Rain later this week in west and central areas may be too late to aid crops, forecaster DTN said.

Soybean futures for November delivery rose 0.6 percent to $13.1975 a bushel on the Chicago Board of Trade at 5:40 a.m. Prices dropped to $13.0525 yesterday, the lowest since Aug. 23, before closing 0.4 percent higher.

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Cattle Rise to Six-Month High

On September 23, 2013, in cattle futures trading news report, by Infinity Trading
feeder cattle options

cattle futures

September 23rd, 2013

Cattle futures rose to a six-month high and feeder cattle climbed to a record after a report showed feedlots added the fewest animals to herds for the month of August since the current method of tracking the data began in 1996.

So-called placements tumbled 11 percent to 1.788 million head of cattle from a year earlier, U.S. Department of Agriculture figures showed after the close of regular trading on Sept. 20. The number of animals added to the feedlot herd also fell in May, June and July.

The report “suggests we’re going to have very tight supply of fed cattle this year and in early 2014,” Dan Vaught, an economist at Doane Advisory Services in St. Louis, said in a telephone interview.

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soymeal futures

soybean futures

September 19th, 2013

Soybean futures rose for a second day in Chicago after the U.S. reported its fifth-biggest sale on record in an accord with China, the leading importer of the oilseed.

Exporters sold 1.93 million metric tons to China for delivery by Aug. 31, the U.S. Department of Agriculture said yesterday. Soybeans rallied 17 percent from the lowest in almost 19 months in August as hot, dry weather hurt prospects for the U.S. harvest, which usually starts in September. Farmers will collect 3.149 billion bushels this year, below 3.255 billion estimated in August, the USDA said Sept. 12.

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EMini S&P Futures

S&P 500 Futures

September 17th, 2013

U.S. stock-index futures were little changed, indicating the Standard & Poor’s 500 Index will remain near a six-week high, as Federal Reserve policy makers prepared to begin a two-day policy meeting.

Mosaic Co. sank 2.3 percent after North America’s second-largest fertilizer producer cut its quarterly forecast for potash and phosphate sales and prices. Take-Two Interactive Software Inc. climbed 1.7 percent as the “Grand Theft Auto V” video game went on sale.

Futures on the S&P 500 expiring in December added 0.1 percent to 1,692.30 at 8:36 a.m. in New York. The benchmark index climbed yesterday to within five points of its record high of 1,709.67 reached on Aug. 2. Contracts on the Dow Jones Industrial Average (INDU) increased 11 points, or 0.1 percent, to 15,442 today.

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cocoa brokers

cocoa futures

September 12th, 2013

Cocoa demand will exceed supply for a second year in the season that starts Oct. 1 as West African output shrinks and chocolate sales expand to a record.

Production will be 118,000 metric tons smaller than consumption in 2013-14, on top of a shortage of 98,000 tons this year, according to the mean in a Bloomberg survey of nine traders, grinders and analysts. The surplus was 87,000 tons in 2011-12, the International Cocoa Organization estimates. Chocolate sales will rise 6.2 percent to $117 billion next year, researcher Euromonitor International Ltd. forecasts.

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commodity brokers

commodity futures

September 12th, 2013

Commodity demand in China, the world’s largest user of iron ore, copper and tin, will rebound through the end of the year as infrastructure projects gather pace and users restock, according to Goldman Sachs Group Inc.

The key demand driver is infrastructure and fixed-asset investment, analyst Julian Zhu told reporters at a briefing in Singapore today. Steel prices in the world’s largest producer were seen higher through the end of December, Zhu said.

Goldman’s assessment adds to signs that a slowdown in the second-largest economy may be ending, lifting the outlook for commodities from iron ore to base metals. While Premier Li Keqiang said yesterday that the foundations of a recovery aren’t solid, policy makers have signaled that they will defend a 7.5 percent expansion goal for 2013. Bank of America Merrill Lynch today raised its growth forecast for China.

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soybean options

soybean futures

September 11th, 2013

Soybean futures rose in Chicago before a government report tomorrow that may show the U.S. crop, the world’s largest, will be smaller than previously expected after dry weather in the past month.

U.S. farmers may harvest 3.13 billion bushels of soybeans, 3.7 percent less than estimated a month ago, according to a Bloomberg survey of analysts before the Department of Agriculture updates its projection. Parts of Iowa and Illinois, the biggest growing states, had as little as 5 percent of normal rain in the past 30 days, National Weather Service data show.

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natural gas options

natural gas futures

September 10th, 2013

Natural gas futures fluctuated in New York on speculation that government data will show a larger-than-normal increase in stockpiles of the power-plant fuel.

Gas rose as much as 0.7 percent and slipped 1.2 percent. An Energy Information Administration report scheduled for release on Sept. 12 may show inventories grew by 64 billion cubic feet in the week ended Sept. 6, according to the median of three analyst estimates compiled by Bloomberg. The five-year average gain for the week is 62 billion.

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