Tuesday, 2nd October 2007
I was expecting Soybeans to close lower today, but nowhere near limit down. The market touched limit down during the session and just before that I was stopped out. The overbought nature of the market and the pressure of harvesting were finally able to push the price down with the strengthening of the dollar as [...]
Tuesday, 2nd October 2007
Wash. Wheat Farmers Rolling in the Dough: Financial News – Yahoo! Finance
When wheat prices hit $6.67 a bushel, farmer Michael Sargent sold his supply because he’d never seen prices that high. He wishes he had followed his wife’s example.
(tags: toti_links Associated-Press trading commodities wheat bull-market)
DTN Early Word Opening Grains – Farms.com
DTN Early Word Opening Grains [...]
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 [...]
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 [...]