cocoa options

cocoa options

September 30th 2015

Cocoa futures prices will rise as production in the Ivory Coast, world’s largest grower, falls back, Ecobank said.

The Togo-based bank forecast falling cocoa outputs in the Ivory Coast, as well as Nigeria and Cameroon, while the outlook for second-largest grower Ghana is “clouded by uncertainty”.

The four West African countries account for over 70% of the world’s cocoa production between them.

“With global demand recovering and expectations of a global deficit this season, we expect prices to strengthen further,” Ecobank said, noting the potential for price spikes ahead of the new season starting in October, as farmers hold back beans in expectation of higher fixed prices coming season.

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platinum futures prices

platinum futures prices

September 29th, 2015

Platinum futures fell to the lowest level since January 2009 on Tuesday, as fears that the Volkswagen (XETRA:VOWG) emissions scandal would reduce demand from the auto sector continued to hit prices.

Platinum for January delivery on the Comex division of the New York Mercantile Exchange sank to an intraday low of $899.60 an ounce, a level not seen in more than six years, before paring losses to trade at $913.45 during U.S. morning hours, down $9.05, or 0.98%.

A day earlier, platinum tumbled $28.80, or 3.03%. Prices of the metal have been under heavy selling pressure in recent sessions as the Volkswagen (XETRA:VOWG_p) diesel emissions scandal sparked fears over a slowdown in demand.

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wheat futures brokers

wheat futures brokers

September 23rd 2015

More dry weather is on the way for the former Soviet Union, which is already seeing disruption to winter wheat sowings, and provoking concerns which are fuelling a recovery in wheat prices.

According to MDA weather services, key weather models, including the closely-watched GFS weather prediction system, now point to drier weather next week in Russia and eastern Ukraine.

Above-average temperatures are also forecast, accelerating soil moisture declines.

Wheat prices rallied to one-month highs in Paris and Chicago, helped by fears of weaker global supplies.

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live cattle futures

live cattle futures

September 21st, 2015

Cattle futures were expected to start the trading week buoyed by short-covering, as investors reel in bets on a steeper drop after a decline to the lowest prices in 1 1/2-years last week.

A tighter-than-expected supply of feeder-cattle reported in the nation’s feedyards is also expected to support futures.

The cattle market last week was weighed down by worries that the steep cost of steaks and roasts will deter grocery store and restaurant buyers from loading up on seasonal meat items as they normally do during this time of year, and will instead opt for cheaper proteins such as pork and poultry.

After futures notched the lowest close since May 2014 last week, some traders may scale back bearish bets Monday while awaiting fresh signs of demand.

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El Nino here for rest of 2015

On September 15, 2015, in Commodity Futures News Report, by Infinity Trading
commodity investing 101

commodity investing 101

September 15th, 2015

The El Nino will not fade until next year, official meteorologists in Australia warned, even as real estate experts rated a continuation in the weather pattern a key fear for farmers in New Zealand, the top milk exporting country.

Australia’s official weather bureau, which two weeks ago rated the El Nino the strongest since 1997-98, on Tuesday gave its first detailed forecast of when the weather pattern might fade – putting its demise into 2016.

“El Niño continues to strengthen,” the Bureau of Meteorology said.

Evidence from factors such as trade winds and Pacific water temperatures “indicate the El Niño is unlikely to end before early 2016″.

Indeed, “all models suggest the event will peak around the end of the year [2015], followed by rapid weakening” heading into the southern hemisphere autumn – ie, early in 2016.

“It is too early to accurately determine the likely pattern beyond [southern hemisphere] autumn, but a continued El Niño is considered the least likely outcome at this stage,” the bureau added.

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corn futures quotes

corn futures quotes

September 11th, 2015

Corn futures made headway, dragging wheat higher, after the US forecast a deeper-than-expected drop in its inventories of the grain this season, and lifted expectation for farm prices.

But soybean futures tumbled to a six-year low, after the US Department of Agriculture, in its monthly Wasde crop report, made an unexpected upgrade to expectations for the domestic harvest of the oilseed this year, citing record yield prospects some major western Corn Belt producing states.

Corn futures for December gained 2.5% at one stage, taking the, to a three-week high of $3.83 ¾ a bushel, after the USDA cut its forecast for domestic stocks at the close of 2015-16 by 125m bushels to 1.59bn bushels, nearly twice the downgrade that investors had expected.

The extent of the cut reflected in part a drain in stocks last season from more consumption, both domestically and through exports, than had been previously forecast.

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feeder cattle futures

feeder cattle futures

September 8th, 2015

Live cattle futures are narrowly higher Tuesday, buoyed by short-covering after falling last week to the lowest levels in a year, amid worries about demand in both domestic and export markets.

October cattle futures recently advanced 0.65 cent, or 0.5%, to $1.41125 a pound at the Chicago Mercantile Exchange, after falling 2.4% over the past week. Live-cattle futures for December recently picked up 0.775 cent to $1.4355 a pound. Feeder-cattle futures for September are up 0.575 cent to $2.01925 a pound, after slipping 0.5% last week.

The cattle market last week tumbled to the lowest levels in 15 months as a downward slump in wholesale beef prices sparked concerns about lukewarm buying interest among retailers and restaurants. Wholesale pork and poultry prices remain significantly cheaper than those for burgers and steaks, a factor that analysts say has contributed to the pressure on packers to move beef products in both domestic and export markets. This has given processing plants less incentive to bid aggressively for available cattle.

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gold futures

gold futures

September 2nd, 2015

Gold fell the most in a week as a private report signaling U.S. employment growth added to speculation that the Federal Reserve is getting closer to raising interest rates.

Firms added more jobs in August than a month earlier, the ADP Research Institute said on Wednesday. Traders will be focused on the government payrolls report due Friday for more clues on whether growth is strong enough to sustain higher rates. Stubbornly low inflation along with the prospect of tighter U.S. monetary policy has kept a lid on gold, which doesn’t pay interest or offer returns, unlike competing assets.

Global holdings in exchange-traded products backed by gold fell Tuesday by the most since July. While bullion prices got a lift in August amid a Chinese equity rout, signs of resilient U.S. expansion since then have increased speculation that Fed officials will follow through with their plans for tighter monetary policy this year.

“Ultimately, we’re going to get a rate hike at some point, and then you don’t get any interest holding gold,” Fain Shaffer, the president of Infinity Trading Corp. in Indianapolis, said in a telephone interview.

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wheat options

wheat options

September 2nd, 2015

The world wheat market, having ridden out jitters over dryness in Europe and Australia, faced fresh concerns with a lack of rain raising questions over Russian sowings, while excessive wetness dogs South American prospects.

Russian farmers – whose grains production this year has far exceeded levels feared late last year, when a lack of rain dogged early development of winter crops – face another dry sowings period in many areas.

“It’s very dry in an area stretching from the Ukraine to central Russia,” said traders at a major European commodities house, which has substantial interests in the former Soviet Union.

“There are fears that this may delay planting in what is a fairly restricted window before the winter sets in.”

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