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 [...]
Monday, 1st October 2007
I think you could best describe today as a day of waiting for soybeans. It was a tight session of trading, with the high of $9.98 and a low of $9.90 and only closing up a 1/4 of a cent. There wasn’t much change from the information available last Friday. Over the weekend, the [...]
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 [...]
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 futures [...]
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 [...]
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 [...]