Recent futurespress's Commentaries
Obama Not Returning! Take Kare!
Obama knows his time is limited. I mean let’s face it he wasn’t exactly dealt the best hand when he came into office. He has not created jobs and he knew he could not do this without help from Congress. If there is no money to spend than there is no one to hire! He should offer incentives to comp...
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Tags: financials | government | jobs
Cotton was down on cancellations
From Bloomberg: Cotton futures fell the most in more than two weeks after a report showed overseas buyers scrapped orders for supplies from the U.S., the world’s biggest exporter. Orange juice rose. In the week ended Aug. 18, canceled orders for upland cotton exceeded sales by 230,308 bales for t...
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Tags: softs | commodities | cotton | cotton-markets
Germany in the Hot Seat
Again, please do not be fooled about earnings. Most companies are doing well because of costs savings and raising their prices. The consumer is still struggling and with today’s news that Germany had a bad GDP announcement, things could get more complicated. Germany was supposed to be the key fac...
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Tags: financials
Grain traders still keeping an eye on...
The 6-10 day precipitation map shows no real change with a moderate amount of rains added to the Dakotas. The South remains the problem with anything south of I-80 still seeing spotty fields. There is plenty of time for beans to recover and develop their third bean per pod but corn remains a ver...
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Tags: grains | crops | wasde | weather
Do not be Fooled
Hedge funds and owners of companies seem to purchasing bank preferred stocks. This is what they did in 2008 when the market fell 700 points and of course because of the financial crisis. Some are yielding as high as 10% because of their prices spiraling downward over the past few weeks. The marke...
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Tags: financials
Weak export sales pressure cotton
Cotton prices fell back yesterday as again weak export sales were reported. Net export sales reported by USDA were 40,600 running bales. Old crop commitments again dropped, with more cancellations. The marketing year ends this Sunday, so any unshipped sales are being rolled to new crop delivery.
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Tags: softs | cotton | exports | soft-markets | futures
Financial Companies Pay
How many times can the financial companies get sued before they shut them down. I mean really! Between Goldman Sachs and UBS they have probably shelled out billions to agencies, tax payers, and investors. Maybe they have more money than the government and they do not care. Maybe they do not care ...
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Tags: financials
Drought in Texas could cost farmers
The news out of Texas continues to be bad: From NPR: “The drought has spread over much of the southern U.S., leaving Oklahoma the driest it has been since the 1930s and setting records from Louisiana to New Mexico. But the situation is especially severe in Texas, which trails only California in a...
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Tags: grains | corn | crop-conditions | crop-progress | drought
Weather remains a hot topic
Looking at the above map, you see a mild increase in the expected rains about 5-7 days out with the end of July looking wetter today than at any point in the last week. Heat remains through the weekend then it moderates to a degree with most of the major growing areas looking for upper 80s with ...
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Tags: grains | crop-stress | crops | grains-trading | midwest | weather
Why the Suprised Look?
Why is everyone surprised that companies are reporting profits? They have had 3 years to restructure, meaning layoffs and the opportunity to pay debt down. Financials firms were allowed to write-off bad debt which no one knows the extent. The issue is when the derivatives market is figured out th...
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Tags: financials
Weather forecasts guide markets
Markets look to explode higher today as overnight maps enhanced heat and removed rains. From Reuters: The health of U.S. corn and soybean crops deteriorated more than expected last week as temperatures heated up in key growing areas and stunted development of late-planted fields. After the marke...
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Tags: grains | corn | crop-conditions | crop-progress | heat | midwest | wheat | futures
Energies up for the first time in four days
Gasoline and Heating Oil are both up this morning but not as much as crude as the cracks will likely continue to get weaker from here. What’s also weighing in heavily on the market is supplies. An Energy Department report may show U.S. crude supplies fell 1.5 million barrels for a seventh week in...
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Tags: energies | crude-oil | gas-price | gas-prices | gasoline | oil-inventories
Gold up over $1,590 a troy ounce overnight
Gold reaching new heights last night to over $1,590 an ounce. The flight to safety has pushed this market and the silver market higher. Silver up over $38 per ounce looking to try and reach $40 for the first time in a while. Weakness weighing on the US dollar after Bernanke hinted that there migh...
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Tags: metals | gold | gold-price-futures | gold-trading | metals-trading | qe3 | silver | silver-prices | futures
Systemic Risk?
Ok, so Italy is pledging to take action for its debt issues. Here is the thing! If the euro zone lets Greece default than where does that leave everyone else? Are they too far gone as well? Systemic risk is the word that typically accompanies the word fear. The fear that is being portrayed could ...
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Tags: financials | italy | debt | futures
WASDE Released today at 8:30 ET
The USDA just released the monthly WASDE - download the pdf here: http://www.usda.gov/oce/commodity/wasde/latest.pdf Excerpts: U.S. wheat supplies for 2011/12 are raised 90 million bushels as higher carry in and production more than offset reductions in imports and higher use. Beginning stocks a...
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Tags: grains | corn | grain-trading | soybeans | usda-grains | wasde | wheat
