Chicago board of trade

Chicago board of trade

April 30th, 2015

Month-ends, by repute, bring lower grain prices, as funds sell-up withdraw cash to pay bonuses and customers.

But with hedge funds record net short, or so, in grains, as they were in the latest regulatory data, will that mean a nuance on that dynamic?

They might, after all, be tempted to raise money by taking profits on some of their short positions instead – sending prices higher in the process.

Certainly, grain futures traded a touch higher again in early deals on Thursday, despite expectations of ideal US sowings conditions, for now.

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wheat futures brokers

wheat futures brokers

April 28th, 2015

US winter wheat crops failed to show improvement again despite rains in the drought-hit southern Plains, with dryness worries growing in the north west of the country, and disease incidence taking a higher profile too.

The proportion of US winter rated “good” or “excellent” as of Sunday was 42%, for a third successive week, US Department of Agriculture data showed.

The stable rating defied expectations among many analysts of some improvement in the figure, after reports of rains to refresh crops in the central and southern Plains.

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corn options

corn options

April 21st,2015

US corn sowings maintained their slow start, spurring talk of a shift by farmers to later-planted crops, although concerns have yet to spread to the main producing states which would provoke support to prices.

US growers had sowed 9% of their corn as of Sunday – up seven points week on week but behind remaining behind the average of getting 13% of their crop in the ground as of then, US Department of Agriculture data showed.

The figure was also behind market expectations for a figure of at least 10%.

The slow start reflected wet Midwest conditions, particularly in eastern and southern areas, with just 6% of crop in Tennessee sown, compared with an average of 43%.

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crude oil futures news

crude oil futures news

April 19th, 2015

U.S. oil futures climbed near their highest level of the year on speculation that supply growth is beginning to slow.

Genscape Inc. was said to report a drop in inventories at Cushing, Oklahoma, the delivery point for West Texas Intermediate contracts, in the second half of last week, according to Phil Flynn, senior market analyst at the Price Futures Group in Chicago.

Concern that a record surplus in stockpiles would strain the nation’s storage capacity had been holding back oil’s recovery from a six-year low. Prices capped their biggest weekly advance in more than four years in New York on growing expectations that a decline in drilling will curb production.

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cocoa futures news

cocoa futures news

April 16th, 2015

Cocoa futures rallied, following stronger-than-expected European first-quarter grind data – although a leading broker cautioned against investors getting carried away.

European cocoa grind, which is the volume of beans being processed into butter and powder, fell by 1.6% year-on-year to 337,706 tonnes in the January-to-March period.

That represented the weakest start to a year, in volume terms, since 2010.

However, the figure beat analyst expectations for grind volumes to fall by 3-7%, undermined by squeezed margins for processors

Cocoa futures rallied on the news to one-month highs of $2,885 a tonne in New York, and £1,976 a tonne in London, for May delivery.

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copper futures prices

copper futures prices

April 13th, 2015

Copper futures fell to a three-week low on mounting concern that metals demand will decline in China, the world’s top consumer.

Chinese government data due Wednesday will probably show the nation’s gross domestic product expanded 7 percent in the first quarter from the same period last year, according to a Bloomberg survey. That would be the slowest pace since the global recession of 2009.

“The Chinese GDP figure will be announced tomorrow, and some people think it will not be that favorable,” Richard Fu, the director of Asian commodity trading at Societe Generale Newedge U.K. Ltd. in London, said in a telephone interview. “China is a big producer and consumer of most of the base metals, so you figure if it’s not as good as expected, there will be a more bearish mood back in the market.”

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s&p futures news

s&p futures news

April 8th, 2015

U.S. stock-index futures were little changed before the Federal Reserve releases the minutes of its March meeting and as Alcoa Inc. unofficially kicks off earnings season.

Alcoa gained 1.6 percent before reporting its first-quarter results, due after the close of trading. Energy companies were little changed as a drop in oil prices offset news that Royal Dutch Shell Plc agreed to buy BG Group Plc for about $70 billion in the oil and gas industry’s biggest deal in at least a decade.

E-mini contracts on the Standard & Poor’s 500 Index expiring in June added 0.1 percent to 2,069.5 at 8:45 a.m. in New York. Dow Jones Industrial Average futures advanced 13 points, or 0.1 percent, to 17,798.

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Crude Oil Futures Swing to Green

On April 7, 2015, in Crude Oil Futures News Report, by Infinity Trading
crude oil futures quotes

crude oil futures quotes

April 7th, 2015

Brent crude prices fell almost $1 a barrel on Tuesday, with an Iranian delegation in Beijing this week to push for more oil sales.

Oil markets were also pressured as Goldman Sachs <GS.N> said prices needed to remain low for months to achieve a slowdown in U.S. output growth.

China is Iran’s largest trade partner and also its largest oil client, having bought roughly half of Iran’s total crude exports since 2012, when sanctions against Iran were tightened.

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s&p 500 futures quotes

s&p 500 futures quotes

April 1, 2015

With rallies in U.S. stocks falling apart on a daily basis, one measure of trader anxiety in the options market is flashing more pessimism than any time in six years.

Bearish puts on the Standard & Poor’s 500 Index outnumber bullish calls by the most since October 2008, with the ratio steepening amid a run of economic reports that trailed analyst forecasts, data compiled by Bloomberg show. Sentiment is deteriorating amid a stretch of volatility that has seen the benchmark gauge for U.S. equities erase annual gains six separate times in 2015.

With economic data missing the mark, analysts predicting three straight quarters of falling profits and speculation shifting about when the Federal Reserve will boost interest rates, investors are taking steps to protect profits after a six-year bull market added $16.5 trillion to stocks. A private report on Wednesday showed the smallest job additions in more than a year.

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