Although we have cooled off a bit overnight, the soy complex has been the star performer this week largely driven by oil. It most certainly helped to see a second week in a row with export inspections north of 90 million bushels followed up this morning with sales of an additional 516k MT of... (full story)
Jack Scoville - The PRICE Futures Group - 2 hrs 14 mins ago
COTTON General Comments: Cotton futures were lower on speculative selling in anticipation of good crop conditions and progress. The USDA reports showed average progress and slightly improved crop conditions. Futures are now likely to test support at 6800 December and could move closer to... (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.