Sunday, 30th September 2007
Today is the end of September, and last Friday saw a lot of funds moving money around at the end of the month. I’ll assume that there will be some carry over of that change around tomorrow. For me though, things haven’t changed all that much from last week. Soybeans finished the week +12 cents [...]
Saturday, 29th September 2007
As I was searching the source of all modern day knowledge for yesterday’s post to ensure I got the correct words for “Seesaw, Margery Daw,” I came across what that nursery rhyme is all about. Seemingly, a “daw” is a slovenly person and Margery was a common rural name in England during the 18th and [...]
Friday, 28th September 2007
So much, for no surprises in the USDA’s grain stock report. Soybeans came in at a record 573 million bushels, well above estimates. Having read the report when it came out, I expected today to close well down. It did, all but reversing yesterday’s gains. Those extra 20 million bushels in the current stocks provide [...]
Thursday, 27th September 2007
Soybeans sailed right on through the $10 mark. The underlying fundamentals have been stacking up for a while now with increasing demand and falling supplies and since August have manifested themselves in a huge push upwards of the price. No doubt, the falling dollar and the continued march upwards of wheat have also been a [...]
Wednesday, 26th September 2007
Well, I guess I was a little right. Planting is providing the support, it’s just a lot more than I had anticipated at the moment. The factor’s haven’t changed, Brazil and wheat are still the major reasons behind the support. Dow Jones‘ outlook for the day had it summed up in their opening line: Soybean [...]
Tuesday, 25th September 2007
I did catch some of the market action today and it seemed to me that wheat was pulling up corn and soybeans for most of the day. In the end though, with wheat giving up some of its earlier gains towards the end of the session, the short-term factors weighed heavily on soybeans with the [...]
Monday, 24th September 2007
I wasn’t keeping an eye on the market at all today. I just about caught the pre-opening reports but other than that I didn’t see much. All in all, I don’t appear to have missed anything. The news this morning was about Paraguay and the expected good harvest there. Soybeans opened a little higher and [...]
Monday, 24th September 2007
I didn’t do much in the way of analysis this weekend, due to family engagements and just generally taking a break from everything. However, hanging over any thoughts I had, about entering into a new position, was the fact that I still don’t think I have recovered enough to open a new position. I have [...]
Friday, 21st September 2007
After ten sessions, soybeans finally closed down. I was expecting it and indeed have been waiting for the past three days for it to happen. It seemed very likely that it would need to take a breath, having risen 4% this week alone. With nothing new today to help the bulls push forward and the [...]
Thursday, 20th September 2007
Corn seems to be grabbing the bigger headlines today, but for me soybeans continue to play up a storm. Now into it’s tenth successive positive close, soybeans continued to make fresh three year highs, reaching 996’4 early in the session. The USDA‘s weekly exports figure came in comfortably at the higher end of expectations at [...]