No Love for Wheat as Prices Continue to Retreat

Friday, January 30, 2015 On January 12th, the USDA released its estimate for U.S. Winter Wheat seeding for the 2014-15 season. Approximately 40.5 million acres were planted according to the USDA, which is down 5% from 2014. Hard Red Winter... Read More...

Dr. Copper in Need of Some Medicine?

Thursday, January 29, 2015 Copper futures have fallen to multi-year lows amid economic uncertainty and the idea that the Federal Reserve will tighten by mid-year. The Fed changed the language it used for the labor market. The central bank is... Read More...

Are Bulls Losing their Chocolate Craving?

Wednesday, January 28, 2015 Large speculators have been rather heavily bullish on Cocoa, with the most recent Commitment of Traders report showing the non-commercial positon totaling nearly 65,000 contracts. This sets the stage for some potentially serious long liquidation selling... Read More...

Too Quick to Pick a Bottom?

Tuesday, January 27, 2015 Crude Oil futures rebounded after comments from OPEC suggested that the price of petroleum could increase due to reduced investment. With inventory levels at comfortable levels and the Oil cartel, as well as non-OPEC nations, maintaining... Read More...

Enough of QE for the Moment, Let's Talk Sugar

Monday, January 26, 2015 Non-commercial traders have been net-short of Sugar futures of late, but the recent price rally has seen this overall short-position begin to dwindle. The most recent Commitment of Traders report shows non-commercial traders net-short just over... Read More...

Canada Joins Monetary Easing Parade

Friday, January 23, 2015 The Bank of Canada's move to lower the country's key benchmark rate caused some adjustments in rates on long-term government debt. The yield on the 10-year Canadian bond fell to a low yield of 1.365% following... Read More...

Shale Production Heading For a Decline

Thursday, January 22, 2015 Crude Oil futures are a bit higher this morning, bolstered by the idea that the ECB will commit to quantitative easing. BHP Billiton and Total, who are sizable players in the shale Oil business, are reported... Read More...

Traders Prepare for Volatile Week ahead of ECB Meeting

Wednesday, January 21, 2015 The Central Banks of both Switzerland and Demark took steps last week to attempt to stem any surge in buying of the Franc and Krone respectively, due to a flight out of the Euro ahead of... Read More...

SNB's Folly to Contain the Franc Ends with a Bang

Friday, January 16, 2015 Thursday's move by the Swiss National Bank to remove the "cap" at 1.20 on the EUR/CHF brings back memories of another historic action by a Central Bank, the historic "Black Wednesday" in 1992 when the Bank... Read More...

Corn in a Battle for Acreage with Soybeans

Thursday, January 15, 2015 The following are some of the highlights for Corn from USDA January Crop Report: 2014 U.S. Corn Production 14.216 billion bu. vs. 2013 production 13.925 billion bu. 2014 U.S. Corn Average Yield 171.0 bu. per acre... Read More...