Jack Scoville - The PRICE Futures Group - 7 mins ago
COTTON General Comments: Futures were lower, with the front months the weakest as the US Dollar moved higher and as the harvest showed good progress. USDA said that Cotton is now 80% harvested, from 70% last week, 83% last year, and 88% average. Some selling was seen as the weather in Texas... (full story)
Marc Nemenoff - The PRICE Futures Group - 2 hrs 13 mins ago
Financials: Mar. Bonds are currently 10 lower at 153’22, 10 Yr. Notes 6 lower at 126’08 and 5 Yr. Notes 2.5 lower at 118’17.7. Not much has happened with these markets over the last few sessions as the market awaits the FOMC meeting mid-month and this weeks Employment Report on... (full story)
By locking in a price now for a commodity to be delivered at some point in the future, futures markets permit buyers to secure insurance against future adverse price changes. In other words, futures markets supply a means for the mitigation of price risks. Futures charts track futures prices over time, and supply historical data that buyers and sellers can use to project where futures prices will be in the coming days or months. Frequently updated futures charts are a very useful tool for identifying pricing trends within a certain commodity.