Jack Scoville - The PRICE Futures Group - Mon Jun 27, 10:35AM CDT
DJ USDA Cold Storage: Totals-Jun 24 WASHINGTON (Dow Jones)–U.S. stocks of pork bellies in freezers totaled 77.683 million pounds, in May, 7.0% above the previous month, and 19.9% above May 2014, the U.S. Department Agriculture said Friday. In thousand pounds. public May 31 Apr 30 May 31 Apr... (full story)
Jack Scoville - The PRICE Futures Group - Mon Jun 27, 10:25AM CDT
COTTON General Comments: Cotton futures were little changed last week as the market decides on its next move. It is very hot and dry in Texas and into the Southwest, but USDA showed good crop ratings last week. Ideas are that the ratings could suffer in the reports this week. The affected area... (full story)
Dan Hueber - The Hueber Report - Mon Jun 27, 10:17AM CDT
While “Brexit” remains on the front pages of most business news this morning and at the front of many people’s minds, the shock value of the vote last Thursday has subsided and many markets are trying to balance out and adjust to the news. (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.