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 [...]
Wednesday, 19th September 2007
Soybeans finished with another gain for a ninth session. I found that surprising, expecting a consolidation more on the negative side than on the positive side. All the more so with wheat finishing down 24.1 for the day, having earlier reached limit down. From the various and varied opinions of analysts, it appears that the [...]
Tuesday, 18th September 2007
Soybeans traded in the same range as yesterday. It looks to me like another day of consolidation. Opening at its highest at 974.0, it was unable to break through yesterday’s new contract high of 974.4. In the end, a quiet day.Wheat closed down 6.0. I will be interested to see how this market changes [...]