copper futures prices

copper futures prices

December 21st, 2015

Copper futures rose to a more than one-week high on Monday, amid speculation that Chinese metal producers will scale back production to combat falling prices.

Copper for March delivery on the Comex division of the New York Mercantile Exchange inched up 0.3 cents, or 0.16%, to trade at $2.116 a pound during morning hours in London. It earlier rose to $2.121, the highest since December 11.

On Friday, copper surged 6.9 cents, or 3.38%, as a weaker dollar and hopes for global production cuts boosted prices.

Meanwhile, three-month copper on the London Metal Exchange tacked on 0.4% to $4693.50 a metric ton.

Copper is on track to post an annual decline of 27% in 2015 as fears of a China-led global economic slowdown spooked traders and rattled sentiment.

Continue reading »

eurodollar futures

Eurodollar futures

December 15th, 2015

Eurodollar Futures -  Top bond investors favor long-dated U.S. Treasury bonds over short-dated notes, using short positions in Eurodollar futures and short-dated Treasuries in anticipation that anxiety over the Fed’s path will dominate market action in the coming year.

It is expected the Federal Reserve will raise rates at the conclusion of its two-day meeting on Wednesday. Investors say this is largely priced into the markets, but the pace of subsequent hikes is unclear. Many investors believe the Fed will raise rates at least twice in 2016, but it could boost the short-term rate three or more times.

Successive rate hikes in 2016 “will benefit the long end (versus) the short end,” said Rick Rieder, chief investment officer of fundamental fixed income for BlackRock, the world’s largest money manager with $4.5 trillion in assets. “The long end is the better part of the curve,” he said.

Continue reading »

cotton futures news

cotton futures news

December 15th, 2015

Cotton will be “one of the worst performing” agricultural commodities next year, Australia & New Zealand Bank said, warning that the latest drop in oil prices had only enhanced the competitiveness of synthetic fibres.

ANZ recommended a “sell” trade on New York cotton futures, saying that the relative stability of the market over the past two months, after recovering from a dip below 60 cents a pound in September, had lulled investors “into a false sense of security”.

In fact, an increase by hedge funds to a net long position of more than 60,000 contracts in New York cotton futures and options, as revealed by regulatory data on Friday, had only enhanced the prospect for selling pressure once it was unwound.

This net long – the extent to which long bets, which profit when values rise, exceed short holdings, which benefit when prices fall – was the highest in 19 months, and enhanced the idea of the fibre being “overbought”, the bank said.

Continue reading »

crude oil futures news

crude oil futures news

December 10th, 2015

Crude oil futures fell to fresh seven-year lows on Thursday, after the Organization of the Petroleum Exporting Countries said it pumped the most crude in more than three years last month, adding to concerns over a glut in global supplies.

In its December monthly report released earlier in the day, OPEC said crude production rose by 230,100 barrels a day in November to 31.695 million, the most since April 2012, as the cartel pressed on with a strategy to protect market share and pressure competing producers.

Non-OPEC supply will fall by 380,000 barrels a day next year to 57.14 million, with an expected contraction in the U.S. accounting for roughly half the drop, the organization said.

Oil futures are down more than 11% since OPEC failed to agree on output targets last week. As a result, crude prices are expected to remain stubbornly low amid a glut of oversupply on global energy markets.

Continue reading »

Crude oil futures quotes

Crude oil futures quotes

December 7th, 2015

Crude oil prices fell to their lowest in nearly seven years on Monday after OPEC’s meeting ended in disagreement over production cuts and without a reference to its output ceiling, while a stronger dollar made it more expensive to hold crude positions.

The Organization of the Petroleum Exporting Countries (OPEC) failed to agree in its policy meeting on Friday to lower production in an attempt to stem prices that have dropped more than 60 percent since June 2014.

For the first time in decades, oil ministers dropped any reference to the group’s output ceiling, highlighting disagreement among members about how to accommodate Iranian barrels once Western sanctions are lifted.

Continue reading »

Rabo bullish on cattle, hog prices

On December 2, 2015, in cattle futures trading news report, by Infinity Trading
Feeder Cattle Futures

Feeder Cattle Futures

November 30th, 2015

Rabobank is bullish on 2016 live cattle futures, as it forecasts markets to “substantially less volatile” than this year.

And pork prices will rise above their current traded levels as well, as demand from China remains strong, the bank said.

Rabobank forecast live cattle prices to end 2016 at 152 cents a pound. The December 2016 futures contract is currently trading at 124.1 cents a pound.

Continue reading »