The usda report today was considered a bit on the bearish side. The carryover grew to 435 mil bu,uo from 420 million. The crush number was raised by 10,but the exports were cut by 25 due to the expected competiton from South America.The global carryover numbers were raised by 2.5 million tons.This puts the global stocks at 82.8 mil mt. …
BNC Results for February 2017
Below you will find the FINAL results for: FEBRUARY, 2017. If you would like more information about Bluenose Capital Management, LLC and these trading programs, please contact me directly. Bill Reavis Director of Asset Management 312-957-4731 [email protected] VIEW FULL PERFORMANCE Returns provided by: Bluenose Capital Management, LLC || [email protected] Tel. (703) 842-3323 || http://www.bluenosecap.com 405 Berry Street SE, Vienna, VA …
Currency comment 3/9
During Thursday’s session we saw the U.S. dollar, U.S. stock indicies and U.S. government debt decline. It appeared traders were clearing the table before Friday’s anticipated fireworks . With the Feb set to increase short term interest rates next week (a move that has been telegraphed to the world for weeks) there is hesitation on the part of traders to …
Livestock Report
Live Cattle April Live Cattle rallied right from the open on Wednesday, March 8, 2017 as traders were anticipating bullish action on the fedcattleexchange’s online auction. Price traded up to 117.15 ahead of the auction and then sped to the low of the day, trading down to 115.125 after a disappointing auction caused futures prices to retreat from the high. …
South American Grain Weather Update
RIGHT NOW Argentina is clear this morning. Big storms are hitting southern and eastern Mato Grosso and moderate showers are falling over northern Bahia. GFS 1-5 & 6-10 DAY LINK The midday GFS model continues to show moderate to heavy rains over the eastern half of Argentina with similar rainfall amounts and coverage when compared to the Canadian and the …
Equities lower for third consectutive session
Fairly quiet trading day in both the S&P and Dow on Wednesday. The Dow failed to get above 21,000 and spent most of the day trading near the middle of the range. Late in the day headed into the close, the Dow put in the low, then rallied a bit to close down 56 points for the day. We have …
Soy Complex
The Soy complex closed lower again today. Although it was a fairly uneventful session. Tomorrow the USDA will release a monthly report that should offer direction. The South American crop,especially Brazil continues to show a increase in the projected yield. The global supply will prove burdensome in the long run. The US projection for planted acres continues to get larger. …
Grain Short Report
Today the grains were weak as were most of the commodities. . The bases in the grains should begin to decline as a weather premium begins. This usually occurs once the crop has been planted. The supplies look plentiful worldwide. And if the weather is good for the growing season the grain supplies should be plentiful in America as well …
Currency comment 3/8
The dollar saw a moderate rise on Wednesday on improving volume. The main factor in the rise was a report from ADP that showed new job creation in February was an astounding 298,000. This compares with the average analysts’ guess of 198,000 new jobs for February. There continues to be hesitation in adding to long dollar positions, however, if we …
The Alpha of Seasonal Commodity Trading – Managed Futures
I am not very old, but I have been trading for long enough to have my own opinion about traders and trading. We all know that it is a difficult business, earning money in these markets is very challenging and very few traders suceed in the long run. No only do traders need to have discipline and strong fundamentals, but …