cocoa options

cocoa options

December 22nd, 2016

Cocoa speculators have turned net-short on cocoa futures for the first time in years – just as prices are testing major long-term support.

If you’re still looking for last minute gift ideas for that trader on your list, a few shares or contracts in cocoa may do the trick. That’s because the sweet commodity may be well-positioned for a bounce following a 12-month rout. First, let’s look at prices as determined by the iPath Bloomberg Cocoa Subindex Total Return SM Index ETN, ticker, NIB. NIB is presently testing the 27-28 level that represents the fund’s all-time lows set in 2011-2013.

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commodity investing 101

commodity investing 101

November 21st, 2016

Hedge funds turned bearish on agricultural commodities at the fastest rate in nine months, provoking hopes in grains that selling pressure may be spent for now – but spurring worries in sugar of “much lower” prices.

Managed money, a proxy for speculators, lifted its net long position in futures and options in the top 13 US-traded agricultural commodities, from corn to sugar, by 151,096 contracts in the week to last Tuesday, analysis of data from the Commodity Futures Trading Commission regulator shows.

That represented the biggest reduction since February in the net long – the extent to which long bets, which profit when values rise, exceed short holdings, which benefit when prices fall.

And it came in a week in which ag bulls suffered two notable blow – the first from the rise in the dollar, following the election of Donald Trump as US president, and the second from larger-than-expected official estimates for US corn and soybean crops.

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dow jones futures brokers

dow jones futures quotes

March 11, 2015

U.S. stocks fluctuated, after the biggest equities selloff in more than two months amid the surging dollar, as declines in consumer companies offset banks’ rebound.

Tyson Foods Inc. and Pilgrim’s Pride Corp. fell more than 4.5 percent amid reports of suspected bird flu in Arkansas. Citigroup Inc. and Bank of America Corp. added at least 1.6 percent after financial stocks in the Standard & Poor’s 500 Index Tuesday had their steepest decline since April. Intel rallied the most since November after its biggest drop in more than a month.

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Crude Oil Prices Higher After Heavy Losses

On February 5, 2015, in Crude Oil Futures News Report, by Infinity Trading

 

crude oil futures options

crude oil futures options

February 5th, 2015

Crude oil futures prices climbed higher on Thursday supported by a weaker dollar following heavy losses in the previous session as U.S. supplies continued to add to the global oil glut.

Data on Wednesday showed that U.S. crude supplies had climbed to their highest level in 80 years sending oil prices down by almost 9% for the day.

On Thursday, Brent crude rose 2.2% to $55.35 a barrel on London’s ICE Futures exchange. On the New York Mercantile Exchange, light, sweet crude futures traded at $49.25 a barrel, up $0.80 from Wednesday’s settlement.

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Commodity Futures Sink To 12-Year Low

On January 14, 2015, in Commodity Futures News Report, by Infinity Trading
commodity futures

commodity futures

January 14th, 2015

Commodity futures slumped to a 12-year low, led by the biggest plunge in copper since 2011, after a report from the World Bank fanned concerns of a global economic slowdown.

Copper tumbled 5.7 percent to $5,526 a metric ton on the London Metal Exchange as of 12:29 p.m., set for a sixth day of losses. Nickel, zinc and silver erased more than 2 percent. Oil reversed earlier declines, with West Texas Intermediate trading little changed at $45.93 a barrel. The Bloomberg Commodity Index of 22 energy, agriculture and metal products slid 0.8 percent to 100.45, the lowest since 2002.

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futures brokers

futures brokers

September 29th, 2014

Intercontinental Exchange Inc. (ICE) eliminated the Liffe name and incorporated cocoa, robusta coffee, white sugar and feed wheat futures and options into ICE Futures Europe, owner of the Brent crude contract.

ICE, based in Atlanta, has the dominant position in the softs markets, also owning ICE Futures U.S. in New York where arabica coffee, cocoa and raw sugar trade. ICE Futures Europe now has the biggest share of the cocoa market with 259,410 futures outstanding today compared with 209,687 contracts on ICE Futures U.S., according to data compiled by Bloomberg. ICE’s Brent oil futures have 1.4 million contracts outstanding.

“All softs contracts are now under one roof,” said Michael McDougall, a senior vice president in New York at Societe Generale SA’s Newedge Group, a member of both ICE Europe and ICE Futures U.S. “It seems to be the general trend with futures exchanges that we’re seeing a concentration. That means less competition. Whether it’s a good or bad thing, time will tell.”

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March 7th, 2014

Commodities: As the hip-hop duo Outkast once opined, “You can plan a pretty picnic, but you can’t predict the weather.” Big Boi and Andre 3000 could’ve been describing the commodity markets so far this year.

From drought in Brazil to the arctic blast that swept across North America, extreme weather drove coffee, sugar and natural gas into bull markets just as escalating political tension in Ukraine created supply risks for energy and grains. The rally for raw materials was a surprise to banks from Citigroup Inc. to Goldman Sachs Group Inc. that had forecast 2014 would mark a continuation of last year’s slump.

Commodity funds recorded inflows of $1.57 billion last month, the first gain since September, after withdrawals last year reached a record $43.3 billion, according to EPFR Global, a Cambridge, Massachusetts-based researcher. Investors who shunned gold as the metal slumped into a bear market in 2013 increased holdings through exchange-traded funds in February for the first time since 2012. Dryness in Brazil erased the prospect of a record coffee crop as prices jumped, after the longest slide in two decades.

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Crude Oil Climbs From One-Week Low

On February 23, 2014, in Crude Oil Futures News Report, by Infinity Trading

February 23rd, 2014

Crude oil west texas intermediate crude rose from the lowest price in a week amid speculation that cold weather in the U.S. will boost energy demand in the world’s biggest oil consumer. Brent in London gained.

Oil futures increased as much as 0.5 percent in New York, snapping two days of declines. Frigid arctic air will make a return to the Northeast and Midwest this week, according to AccuWeather Inc. Distillate inventories, a category that includes heating oil and diesel, dropped to the lowest level since November in the period ended Feb. 14, the Energy Information Administration said last week.

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Natural gas traded near the highest level in a month in New York on speculation that forecasts for a blast of wintry weather in the U.S. may boost demand for the heating fuel.

Futures for January delivery climbed as much as 0.3 percent to $3.875 per million British thermal units in electronic trading on the New York Mercantile Exchange before trading at $3.847 at 9:09 a.m. London time. The December contract expired yesterday after gaining 0.8 percent to $3.818. The volume of all futures traded was about 48 percent below the 100-day average.

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Ankur Varma, third officer on the oil tanker M/V Cotton, opened his cabin door at five minutes to midnight on July 14 to find two men pointing AK-47s at him.

“They just pushed me into the cabin with the guns in my chest and they told me to stay silent,” Varma said in a phone interview from India. “They were threatening, they were showing the guns, pointing at us. They took everything — everything that we had — including clothes, toiletries, electronics.”

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