By John Robinson - October 31, 2011
Friday October 28, 2011 Recent Price Patterns and Short-Term Influences Weekly Price Pattern. For the week ending October 28, the Dec’11 contract rose steadily from Monday’s weekly lows around 97 [...]
By Michael Cordonnier - October 31, 2011
Of the ten sugar/ethanol mills in the state of Mato Grosso, seven have already ended the sugarcane harvest for the 2011/12 season including the largest mill in Mato Grosso, Usina [...]
By Michael Cordonnier - October 31, 2011
One of the true success stories of Brazilian agriculture in recent years has been the improved corn yields and the explosive growth of the safrinha corn crop in Mato Grosso [...]
By EIA - October 31, 2011
Source: U.S. Energy Information Administration, based on Thomson Reuters. Relatively lower prices for West Texas Intermediate (WTI) crude oil compared to other crude oil prices make wholesale refinery margins (the [...]
By Shayne Heffernan - October 31, 2011
More than 100 S&P 500 companies will report earnings next week, with Lowes, Pfizer and Kellogg among the highlights. Among the more than 300 that have already posted earnings for [...]
By Jerry Stowell - October 31, 2011
At 10:51 Dec LC are 35 lower at 11870, November Feeder 14012 down 97, ehile Dec corn is trading at 640 1/2 down 14 1/2. Noon beef saw choice, up 55 at 18865. 1410 was the latest feeder indedx. expect to see 14033 up 23 tonight. Cash fed asking prices are starting at 122. with the board breaking, asking prices will decline with it on hedged cattle. 11760 is the 1st weekly support area for Dec LC with 12050 resistance. We are now in the tightest feed supplies of the fall. While supplies slowly increase, demand should increase as well into early Dec. Weather will be the key from early Dec. into early Jan. Our basis is slightly negative right now. Sell only the strong rallies. Grains Update October 31, 2011 by Darrell Holaday It has been a liquidation day across the board in the commodity sector. A big jump in the US dollar value has put the commodity sector on the defensive. The liquidation has been accentuated today by the MF Global bankruptcy. Customers that clear trades through MF Global are on liquidation only and that long liquidation is adding to the downward momentum. Forecasts of rain in the HRW areas are pressuring wheat. European and Ukraine forecasts remain dry. The US dollar strength is pressuring the energy sector and the MF Global situation is probably hurting the oil sector more than most of the sectors. Of course that is pressuring the grains sector. [...]
By PFG Best - October 31, 2011
Following each market review is a weekly buy or sell number. Pay close attention to them. These numbers have been useful to me for over 30 years! They are pivotal [...]
