Commodities

Grain Commentary
Commodities

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It’s hard to believe that the markets are actually now higher on the week by nearly 35 cents in beans and 10 cents in corn after the week had started. The overnight markets are attempting to sustain the gains of yesterday. The overnight news that spiked the wheat markets higher is based on the fact that Ukraine announced they will ban wheat exports starting on November 15th, there is still a lack of clarity if this affects the sales on the books that are scheduled to ship after the 15th or just preventing any further sales.

CurveAheadMarketStrategies.com Morning Coffee Break
Commodities

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Welcome to Monday’s Morning Coffee Break – U.S. futures are suggesting a positive open this morning after Friday’s sharpest one day drop in nearly four months.  Market participants will be starting the week off with no economic data releases putting the focus on earnings and U.S. politics.  Headlines in the Euro Zone will have a stronger impact on U.S. markets as well.

Daily Grain Commentary
Commodities

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Could the dog be waking up? The overnight markets are showing signs of life again as things seem to be making an attempt of coming back to life for the bulls. The beans are trading 15-20 higher, meal has gained $4-5, oil gained 25-30, corn is up 4-5 and wheat is up 6-7.

CurveAheadMarketStrategies.com Morning Coffee Break
Commodities

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Welcome to Friday’s Morning Coffee Break – U.S. equity futures are suggesting lower open on final session of the week, weak Google (GOOG, quote) results dampened investor expectations for the remaining earnings season, especially those names in the tech sector.

Grains Commentary
Commodities

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The overnight markets once again are attempting to rebound after yet another disappointing day yesterday. The beans are marginally higher, meal is down in the nearby contracts and higher marginally in the deferred, oil has gained 25-30 points, corn is up 2-3 while wheat has gained 3-4. The bottom line is that the overall market is in a quagmire right now and there is not much influential news.

Natural Gas Commentary
Commodities

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Natural Gas traded higher settling $3.47, up $0.033 0.9%. The curve was mostly firmer (outside of X/F $0.027 weaker, UNG concludes tomorrow), J13/F14 $0.017 firmer, 14/16 little changed. J13/F14 -$0.528 approaching highs ~$-0.52 (charts/seasonality below). Hub cash was ~$0.19 back this morning, Z-6 down $0.05 to $3.40.

Energy Report
Commodities

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The overnight markets have made a feeble attempt of recovering some of the devastating losses that have occurred in the past 2 trading session. The beans as of 8:00Cst are hovering near 10 cents higher in the session, meal has gained $3, oil increased by 40-50 points, corn increased by 6-8 and wheat has gained 8-10. Its Tuesday and the markets have been punished over the past few sessions, don’t be too quick to jump back on the bull wagon as there has been extreme technical damage and the beans have a gap that should be filled down to 1478 that dates back to June.

Energy Report
Commodities

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Natural Gas traded lower, settling $3.437 down $0.049 (1.4%). The curve was mixed, (X/Z $0.045 lower as the UNG roll continues through Thursday, H13/J13 $0.005 weaker, J13/V13 $0.005 firmer), 13/16 was $0.03 firmer. Hub cash was ~$0.17 back this morning, Z-6 down $0.05 to $3.45.

CurveAheadMarketStrategies.com Morning Coffee Break
Commodities

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Welcome to Wednesday’s Morning Coffee Break – Yesterday’s rally of triple digits on the Dow Jones Industrial and over 14 points in the S&P 500 has put U.S. markets back in the green for the month of October, just 8 session before Friday’s 25th anniversary of the 1987 stock crash.

CurveAheadMarketStrategies.com Morning Coffee Break
Breaking News

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Welcome to Tuesday’s Morning Coffee Break – U.S. futures are hanging in this morning as the market participants prepare for a slew of earnings results from the likes of Coca Cola (KO, quote), Mattel (MAT, quote) and Intel (INTC, quote) as well as a busy economic calendar today.