I wanted to continue this conversation from my morning commentary. There seems to be concern over the retirement age and if it will be raised to 69-70. Some may be waiting to see what it will before putting in for retirement....
Read MoreMatt Pierce shares this article: Congress likely to cut US ethanol aid, not end it By Charles Abbott WASHINGTON, Dec 6 (Reuters) – Congress is likely to extend the major U.S. ethanol incentive, rather than let it expire...
Read MoreThe day session looks to open stronger than the overnight with momentum only gaining, not fading. Beans are called 20+ higher to open, Corn is called 8-10 Higher, Wheat is called 20-25 Higher, Bean Meal is called 1-2 dollars...
Read MoreSome may be thinking that selling occurs at year end and this is likely. The volume may be due to this and or because of the debt issues overseas. Portugal and Italy might be in the spot-light a little more starting 2011.There...
Read MoreCommitment of Traders as of Nov 23rd: Wheat S 22,117 marginally shorter than previous week. Corn L 336,111 43K weak longs left the market. Beans L 162,911 gained 2,500 longs. Oil L 46, 370 lost 7000 longs. Meal L 40,373 gained...
Read MoreMacros are mixed this morning with crude holding and adding to early gains against a collapse in the Euro against the USD. This will hamper any exaggerated rally… I think that’s another reason to look at selling volatility. Gold...
Read MoreCatch Matt Pierce when he’s interviewed on Bloomberg on Friday at 1:20pm Central
Read MoreChina’s traditional play in beans has been to sell close to the money puts to help finance their insatiable cash demand for beans. Today we saw MF Global sell 2,100 sh 1140p, buying 700 sh 14-18 call spreads putting 60-cents in...
Read MoreCore producer prices fell for the month of October which was one of the biggest drops in over 4 years. PPI was expected to rise 0.8% but only rose 0.4% last month. This might not be good news for the dollar and could be a sign...
Read MoreArgentina approves 5 mmt of corn exports Wire services quoting senior govt officials that 5 mmt of corn exports have been approved. Argentine Ag Minister says they will be able to export 18.5 mmt in 2010/11
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