Corn, Wheat, Soybean Complex Market Commentary for 08-11-10
Soybean Complex Market Commentary for 08-11-10
September Soybeans finished 4 /34 lower at 1016 1/2, 3 1/2 up from the low and 11 1/2 off the high. November Soybeans closed down 6 1/2 at 1015 1/2. This was 13 1/2 off the high and 1 3/4 up from the low.
December Soymeal settled down 1.9 at 287.9. This was 1.0 up from the low and 3.4 off the high.
December Soybean Oil ended up 0.15 at 42.38, 0.26 off the high and 0.45 up from the low.
November soybeans turned lower during the second half of the overnight session and then pushed to new lows to start the day session. Prices recovered into mid session, but returned to near the early lows prior to the close. Meal was lower for most of the day session, but soy oil recovered to finish higher, posting a moderate gain on meal in the process. Weather forecasts remain hot through the end of the week with some substantial rains being scattered across the Midwest and Great Lakes region today. Traders evened up today ahead of tomorrows big Crop Production and supply and demand reports. Analysts are looking for 2009/10 ending stocks to drop by about 5 million bushels from 175 million in July. They are looking for a more substantial drop of 40 million bushels in 2010/11 ending stocks from the 360 million bushels posted in July. Production is expected to be up just over 10 million bushels from 3.345 billion bushels in July. August soybeans gained on new crop contracts today amid light to moderate levels of activity. The USDA announced a sale of 115,000 tonnes of soybeans to China this morning.
Corn Market Review for 08-11-10
September Corn ended up 2 at 395 1/2, 5 off the high and 5 up from the low. December Corn settled 2 higher at 411. This was 5 1/4 up from the low and 4 3/4 off the high.
December corn managed to post a modest gain on the day after briefly pushing below yesterday’s lows early this morning. The recovery in corn came in the face of very negative outside markets with the dollar sharply higher and crude oil and equities sharply lower on renewed worldwide economic worries. Traders said that a flurry of export sales announced by the USDA provided support today. These included 180,000 tonnes to Egypt, 103,632 to Japan, 480,000 tonnes to Mexico and 174,000 tonnes to an unknown destination. Hot weather is adding to the uncertainty about tomorrow’s crop estimates with many analysts looking for an average yield near last month’s 163.5 bushels per acre or somewhat higher. Analysts are looking for 2009/10 corn ending stocks to drop less than 10 million bushels from 1.478 billion in July. They expect 2010/11 ending stocks to be lowered by 65-70 million bushels from 1.373 billion in July. Production is expected to be up 30-35 million bushels from 13.245 billion in July. It should be noted that the July number was mainly a trend yield (statistical) forecast while the August estimate will be the result of a major field survey. The Energy Information Administration (EIA) released its weekly data on ethanol production in the US today. Ethanol production for the week ending August 6 averaged 866,000 barrels per day. This is down 7,000 barrels per day (-0.80%) vs. last week and up 139,000 barrels per day (19.12%) vs. last year. Total Ethanol production for the week was 6.062 million barrels. Corn used in last week’s production is estimated at 90.9 million bushels. This crop year’s cumulative corn used for ethanol production for this crop year is 4.17 billion bushels. Corn usage for ethanol needs to average 106 million bushels per week to meet this crop year’s USDA estimate of 4.5 billion bushels.
September Rice settled down 0.125 at 10.445, 0.125 off the high and 0.005 up from the low.
Wheat Market Commentary Report for 08-11-10
September Wheat ended unchanged at 694 3/4, 14 1/4 up from the low and 14 3/4 off the high. December Wheat ended 1 3/4 lower at 725. This was 13 up from the low and 15 3/4 off the high.
December wheat pushed below this week’s lows today, but recovered to end the day a littlelower. However, the deferred July 2011 contract finished the day sharply lower. Traders said that unwinding of spreads was a major feature on the day along with simple evening up ahead of tomorrow’s USDA reports. Other traders noted that the sharp rally in the dollar helped to keep the pressure on in wheat throughout the day. Analysts will be looking closely at the USDA’s estimates of Russian wheat and overall grain production, although one analyst noted that these numbers may change significantly on future reports. Even Russia has left its grain production estimate in a range from 60-65 million tonnes with the drought there still underway. Analysts are looking for US all-wheat production for 2010/11 to be up about 15 million bushels from their July estimate of 2.216 billion bushels. The world cash market remained active today with a sale of 120,000 tonnes of French wheat announced to Egypt this morning along a tender for 50,000 tonnes of wheat by Lebanon and a tender for at least 50,000 tonnes of wheat for Algeria. In addition, the USDA announced a change in destination for 220,000 tonnes of wheat from ‘unknown’ to Egypt. World wheat importers and brokers continue to make adjustments to the loss of Black Sea origin supplies. The most recent example of this was the cancellation of wheat sales to Indonesia by Turkey which reported that wheat supplies from across the Black Sea were not reliable enough to sustain the normal pace of sales to its big customer, Indonesia. Indonesia has said that its needs were covered through the end of September.
December Oats settled down 2 at 282. This was 5 3/4 off the high and 4 3/4 up from the low.
After reading today’s commentary,traders might want to take a peek at the commercial traders momentum. The Commercial Trader momentum can be tracked by using the Commodity Futures Trading Commission Commitment of Traders reports. Our idea is that, in a value driven commodity futures market no one knows fair value like the people who produce it or, have to use it. In fact, it is precisely their sense of value that provides the commodity market’s rhythmic meanderings that swing traders love so much. Let’s face it, producers know when their product is overvalue and it should be sold just as well as end line users know when they should be stocking up at low prices. Therefore, trader should be able to incorporate this valuable information into their future market education.
Andy Waldock publishes this blog. Andy Waldock is a financial advisor, analyst, broker, asset manager and traderfor Commodity & Derivative Advisors, located in Sandusky, Ohio. Therefore, Andy Waldock may have positions for himself, his clients, or his family in any commodity future market discussed. The blog is meant for educational purposes and to develop a dialogue among those with an interest in the commodity future markets. The commodity markets may not be advisable for all investors due to the high degree of leverage. There is substantial risk in investing in commodity futures. If you are interested in reading other circulated articles, commenting on his publications or subscribing to Andy’s blog, please visit http://blog.commodityandderivativeadv.com, or if you have any questions, please call 1-866-990-0777.
The daily commentaries provide an analysis of the factors that influenced price activity, a recap of any reports released that day, a recap of each commodity’s traded price activity, and a look ahead at the next day’s schedule. CME Group provides market commentaries for corn, wheat, soybeans, silver and gold. The information in the Market Commentaries was obtained from sources believed to be reliable, but we do not guarantee its accuracy. Neither the information nor any opinion expressed therein constitutes a solicitation of the purchase or sale of any futures or options contracts.
Changing your life for the better
Are you interested to change your lifestyle towards a healthier one? This is indeed an intention that is shared by many people nowadays and should be rather interesting for you to consider. Most of the time, this implies that you will have to change your eating habit and also improve your physical activities. In order to help you learn more on this I have written this short article and hope that it will be useful to you.
First of all it is important that you have a look at the food that you consume. Many individuals simply do not know how to eat and instead focus on fast food. These individuals are at risk of having all sort of health problems such as cholesterol. It is high time that people learn how to eat properly in order to avoid these troubles. It is also often claimed that shifting towards an organic diet may be advantageous for health. This is because there are no chemical residuals in the food. One French article that I have recently caught my attention is natural food (conseil pour maigrir) and should be worth having a look.
At this point I desire to go into greater details with organic food. These foods have been developed without the addition of any chemical materials. In this example the food has been produced in the most natural condition and without the addition of any nutrients. Therefore you do not have to eat much in order to feel full. It might also be essential to mention that organic food does not contain any chemicals residuals. Although the price of organic food may be rather high actually it is expected that its price will go down subsequently. It might also be feasible for you to establish your own organic business. Those that understand French can take a look at this text on organic business (WWWW) so as to find more on this.
Exercises are also another essential component of a healthy life. For example doing some regular jogging or aerobic sessions can truly assist in burning excess calories and shape up the body. Nonetheless it might be essential that you have some free time so as to do those. This is where you might have a look at swimming. If you have a swimming pool at home there is nothing that can keep you from getting some exercises after work each day. Nowadays there are a great variety of pools that are available and it might be fascinating that you find one that is appropriate for you. Do you want to read more on this? Take a look at this French article on types of pools (Aspirateur piscine) as it carries some interesting information.
The speed at which we live nowadays makes it difficult for people to take care of their health. However this is not as difficult as it seems. There are some simple ways that exist in order for you to lead a healthy life. Eating some good food, having some adequate physical exercises and have a good lifestyle is all that it takes to lead a healthy life.
Straightforward Tutorial To Baking Wholesome And Great Tasting Cakes
In case you haven’t realize already, eating too much bakery goods may cause a person to become overweight. This is rarely shocking because most bakery goods like cakes and doughnuts are rather sugary and thereby high in calories. Unless you work out a lot every single day, it’s highly advisable that you steer clear from such unhealthy foods except if you know how you can bake a much healthier version.
Baking healthy and balanced and yummy cakes might sound extremely hard at first but it’s not. To bake a healthy and balanced cake, all you need to do is to decrease its calories and the most suitable way to do it’s to minimize the quantity of sugar you use. Believe it or not, there are plenty of approaches to make your cake sweet without the need for white sugar at all and one of the wiser ways is to make use of the natural sweetness found in fruits such as banana and apple.
Without a doubt, if you have certain health problems and you ought to cut down your sugar intake, baking cakes that are low in sugar is one of the best approaches to do so. As an alternative to getting the unhealthy cakes sold at most bakery shops, all you have is a decent diabetic pound cake recipe and the needed ingredients to bake a healthful cake. If you want more recipes for baking nutritious cakes, just click here.
Tips on Finding Cheap Car Insurance For Young Drivers
Many people are on the lookout for cheap car insurance. Most young drivers are generally in their late teens or early twenties. Their affordability is really low and hence the search for economical but optimum car insurance. Most companies now have online quote services and special sites that give an opportunity to compare prices offered from different companies.
There are some specialist insurance firms that provide insurance especially to young drivers over 19. Their terms are usually a one year no claim bonus. One of the clauses refers to the Loss Damage Waiver which will protect you against damages to your vehicle. Yet this should be opted for only if you do not have any other insured vehicle.
The current trend is to push up deductibles and avail higher discounts. Any loss can be minimized in most cases. A young driver is 8 times more prone to get involved in an accident than regular drivers according to the general research data. Some insurance firms also tailor their insurance policy offering low cost insurance with the aid of speed detection device that is fitted in vehicles at their insistence. The insurance firms receives that over speeding data from the devices and will issues warnings to the driver as an when they notice a trend of rash driving. When 3 such warnings go unheeded, the companies have the right to revoke the low cost insurance.
Cheap car insurance can work out only in co-operation with the companies as well as the teenaged drivers. Teenagers who have taken the pass plus course after passing their driver’s test are eligible for big discounts. The premium payments are also made into monthly installments that are easier for them to pay. There are many ways of landing cheap car insurance deals. One option would be to raise the deductibles that are paid. Each car model has a different insurance price. So you should check it before you make the purchase.
You can also avail car insurance in combination with other insurance like health or homeowners etc. There are companies that do offer discounts. Online comparison of companies and rates is also abundantly available.
Visit this website as I will discuss more about getting cheap car insurance for young drivers and how you can get instant car insurance quote.
Get a Very good Evaluation within the Many Cruise Deals
Are you having fed up by the pressures at work, at home, and at your environment? Get some from fresh air for yourself. Take time to relax and enjoy. You should remember that there is a planet out there you have to see. The world is the most beautiful creation that you must appreciate and get pleasure from. Why not go on a cruise to own time alone? You get to feel the sea breeze, smell the fragrance from the sea, and hear the calling of the waves. This kind of trip will surely bring you to a quite memorable expertise for the lifetime. This is adequate to get you energize to the days at work to come. Occasionally, you can easily get irritated through the atmosphere around you because you no longer give time for yourself.
A cruise is one very good concept for the vacation for you. You can find the top gives for the cruise vacation at compare hotels prices. This webpage is equipped with links to lowest rates of cruise packages. You are able to save up to 75% on cruises, acquire cheap hotels in amsterdam and cheap hotels in london. You need not waste your time getting and locating one of the best travel agencies that will cater your needs. As long as you’ve an internet access, every thing becomes extraordinarily simple. You just need to log on to the web-site. From there, you are able to also compare bookings that are available while in the net. Compare the rates and inclusions on the package. Once you’ve decided where to go, you can book right away.
Be Secure By Using Professional Document Shredders
Employees in offices use an incredible amounts of papers depending on their form of work for different purposes. Such huge amounts of paper can only be handled by professional paper shredding companies.
Generally, the amount of paper used in the office goes about 50 kilos per capita, each year. It’s not as if it is a very simple task to perform while shredding all of it; it is often hard to decide what is for shredding and what is for regular disposal. It’s not surprising to have thousands of kilos of paper being used in companies. We can only assume how many ordinary papers, documents of legal nature, payrolls, identification numbers and many additional essential papers can bulk up in a company during one year.
However, the new period of internet and globalization of information through the networks, e-mails and multi-media meetings, the need for usage of a lot of paper, as well as the need to keep it and store it for a given period of time, is decreasing. On the other hand, paper shredding services are showing up even more than ever. It’s only natural if you are a corporate worker that you won’t throw anything in the waste basket because it may contain some important information. It is the matter of both company and individual security to have all the paper professionally destroyed by shredding companies.
Professional document destruction companies will provide the best services to match your needs or obligations you have towards your company and the safety of your workers. It’s even a phone message, written down on paper, which can cause many problems to either an individual or his company.
Most Used Debt Elimination Software That Really Works
The main objective for the use of a debt elimination software is the creation of a viable plan to assist users get out of debt. Lots of people don’t know how to deal with their bills and how to organize them efficiently. The debt elimination software allows you to make a timetable for the bills but it also provides step-by-step instructions for repayment. Who can use such a tool?
You would certainly put the debt elimination software to good use if you have being spending money according to the motto of credit card companies: ‘buy now, pay later’. These softwares are offered freely on the Internet. Just download the application on the PC and go through the step-by-step advice for financial management. There is no better moment than now to start reviewing your expenses.
In many cases, a debt elimination software may be an alternative to consolidation. Why? You will have a revelation when you finally understand that you consume more than you need and than you can afford and that you can lead a nice life without spending hundreds and hundreds of dollars. When you create a debt repayment plan you cut down those expenses that are unnecessary and you change your behavior as a service and product consumer.
If the debt elimination software is used efficiently, you will spend less than you gain, and the loan repayments will no longer be a problem. The whole point is to manage bills based on the income without having to create a mortgage. The consequence will be a life improvement because you will be a lot more stress free than ever before.
Thus, thanks to a good debt elimination software you may be able to reduce the extent of existing loans, getting out of debt sooner than you may expect. Consequently, you may be able to pay the mortgage in 10 or 15 years instead of 20. On the other hand, debt consolidation will by contrast prolong the life of your debt extending it to 25 or 30 years. Now, you can tell by yourself which situation is more advantageous under the circumstances. And it can all start with just a debt elimination software!
