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October 8th, 2012
Firetip Platform
Great executions start on your desktop. With the Firetip Trading Platform™ you’ve got the power and control to set up great trades quickly and execute them instantly:
Customize Firetip to your trading style – organize quotes, charts, news and tools across one monitor or more Continue reading »
Include one-of-a-kind tools like the Firetip trading matrix and depth-of-market window for on-the-fly analysis
Track your progress with order book, fills window and account details – fully integrated and updated in real time
September 14th, 2012
Firetip Order Entry: How to Login
1. When you are inside the customer website, click the “Trade” heading and then click the “Firetip Entry” subheading. This will bring up the Firetip Order Entry Platform. Firetip is a Java based applet. So the first time you launch the program, it may take one or two minutes to load into your computer. Firetip requires no software — everything you need is downloaded to your computer upon Launch.
After launching the Firetip platform, you may be required to enter your Account Number and Password. After entering your correct account number and password you will be presented with two trading screens. The upper screen (which we will refer to as the Orders screen) is used to watch the market and initially place orders. The bottom screen (the Status screen) is where your orders and trades are displayed and this is where you can modify and cancel existing orders.
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March 14th, 2012
Gasoline Futures — Gasoline is now over $4 per gallon in four states and Washington, D.C., as a three-month surge in pump prices continues.
The nation’s capital, Illinois, California, Alaska and Hawaii all posted averages above $4 on Wednesday, according to AAA, Wright Express and Oil Price Information Service. Prices in several other states, including Oregon, Connecticut, New York and Washington, are almost there.
Nationwide, gasoline has soared by nearly 54 cents this year to an average of $3.81 per gallon.
Gasoline prices are rising as service stations pass along the higher cost of crude. Benchmark oil prices have risen by nearly 8 percent since January.
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March 14th, 2012
Wheat Futures – Wheat and flour imports by Indonesia, Asia’s biggest buyer, may gain at least 6 percent this year as rising incomes boost food demand in the world’s fourth most populous country, an industry executive said.
Purchases may reach 6.6 million metric tons in 2012 from 6.2 million tons a year earlier, said Franciscus Welirang, chairman of the Association of Flour Producers in Indonesia.
“Every year, the milling capacity increases by 400,000 tons,” said Welirang, also a director at PT Indofood Sukses Makmur, owner of the world’s largest flour mill. “That’s how fast demand is rising.” Companies producing wheat-flour increased to 18 last year from just four in 1998, he said.
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Gold futures gain
Mar 14, 2012
Gold Futures – Gold is poised for a 21 percent gain in 2012, extending its bull market to 12 consecutive years, as investors hoard record amounts and central banks expand reserves for the first time in a generation.
Gold bullion may rise to $1,897 an ounce in New York by Dec. 31 from $1,566.80 at the end of 2011, based on the average of 14 respondents in a survey at the Bloomberg Link Precious Metals Conference yesterday in New York. The rally that began in 2001 is the longest since at least 1920 in London, including a 10 percent gain last year.
Demand has strengthened as Europe seeks to contain its debt crisis, China’s economic expansion slows, and governments from the U.S. to the U.K. keep interest rates at all-time lows to shore up growth. Central banks have been net buyers for three straight years, the longest stretch since 1973, World Gold Council data show. Holdings (.GLDTONS) in exchange-traded funds backed by the metal reached a record 2,410.2 metric tons yesterday, data compiled by Bloomberg show.
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heating oil futures rise
March 13th, 2012
Heating oil futures and gasoline rose as U.S. retail sales climbed the most in five months in February, increasing optimism about the economic recovery and fuel demand.
Heating oil futures rose as retail sales gained 1.1 percent, Commerce Department figures showed today in Washington. Federal Reserve officials are expected later today to reaffirm a commitment to keep interest rates low. In Europe, German investor confidence jumped to a 21-month high in March.
“Some of the negative sentiments that have weighted on the market have eased,” said Gene McGillian, an analyst and broker at Tradition Energy in Stamford, Connecticut. “German investor confidence is up, retail sales have firmed the market and the Fed is expected to keep interest rates the same.”
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crude oil futures rise
March 13th, 2012
Crude oil rose after U.S. retail sales increased by the most in five months and equities gained, signaling stronger growth and higher demand.
Crude oil futures advanced as much as 0.9 percent as retail sales rose 1.1 percent in February, the Commerce Department said. Prices reversed an earlier loss as the dollar reduced gains against the euro and the Standard & Poor’s 500 index reached the highest level since 2008.
“Retail sales definitely are having a bullish impact on the market,” said Phil Streible, a Chicago-based commodities broker at RJO Futures. “We had a little selloff earlier on a stronger dollar, but the dollar has come off its highs now. Equities also helped the market.”
Crude oil futures for April delivery rose 74 cents, or 0.7 percent, to $107.08 a barrel at 12:38 p.m. on the New York Mercantile Exchange. It fell as much as 0.6 percent earlier. The price is up 8.3 percent this year.
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Dow Jones Futures Advance
March 13th, 2012
Dow Jones Futures – U.S. stocks advanced, sending the Dow Jones Industrial Average toward the highest level since 2007, as retail sales rose by the most in five months and as investors awaited a Federal Reserve decision on interest rates.
Financial, technology and commodity shares in the S&P 500 had the biggest gains among 10 industries. Alcoa Inc. (AA), JPMorgan Chase & Co. (JPM) and Intel Corp. rallied at least 1.5 percent. Apple Inc. jumped 1.8 percent, gaining for a fifth day, after Jefferies Group Inc. raised its share-price estimate to $699. (AAPL) Lowe’s Cos. and Limited Brands Inc. added more than 0.8 percent to pace gains among retailers. The Morgan Stanley (MS) Cyclical index of companies most-tied to the economy rose 1.7 percent.
The Standard & Poor’s 500 Index increased 0.9 percent to 1,382.90 at 12:18 p.m. New York time. The Dow advanced 109.55 points, or 0.9 percent, to 13,069.26, the highest on a closing basis since December 2007. The Nasdaq Composite Index gained 1 percent to 3,012.92, the highest level since 2000. About 2.7 billion shares changed hands on U.S. exchanges.
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milk futures slump
March 12th, 2012
Commodity Brokers: Record dairy profits and milder weather are leading to a surge in milk supplies from Auckland to California, turning last year’s best-performing commodity contract into one of the worst of 2012.
Output in the U.S., the world’s largest producer, will advance 1.8 percent to a record 199.7 billion pounds (90.6 million metric tons) in 2012, the Department of Agriculture estimates. Futures traded on the Chicago Mercantile Exchange already fell 29 percent from a four-year high in August and may drop another 7.8 percent to $14.25 per 100 pounds by July, the median of six analyst estimates compiled by Bloomberg shows.
An estimated 30 percent jump in U.S. dairy exports led to the most profitable year ever for farmers, who expanded herds that now are the biggest since May 2009, USDA data show. Yields reached a record during an unusually mild winter. Supply is also rising in Australia and New Zealand, the largest exporter, and dairy was the only food cost tracked by the United Nations to decline last month.
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Grain futures fall
March 9th, 2012
Grain Futures – Global inventories of wheat and soybeans are falling more than forecast, while U.S. corn reserves head to a 16-year low, as farmers fail to keep pace with rising demand for food, livestock feed and biofuel.
The U.S. Department of Agriculture today cut its forecast of world wheat stockpiles on May 31 by 1.7 percent to 209.6 million metric tons, less than all 21 estimates collected in a Bloomberg survey. Soybean reserves on Aug. 31 will drop to a three-year low of 57.3 million tons, while the amount of corn held in the U.S., the world’s top grower and exporter, will slip to the lowest since at least since 1996, the agency said.
U.S. farm exports rose to a record $136.3 billion in 2011 on surging demand for grain and meat in Asia. The government today boosted its forecast of U.S. wheat exports by 2.6 percent from February, which will send domestic stockpiles to a three- year low. Global food prices tracked by the United Nations rose for a second consecutive month in February on higher costs for cereals, cooking oils and sugar.
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