Daniel Flynn - The PRICE Futures Group - 43 mins ago
This morning’s reports are ISM Non-Manufacturing Index and weekly Export Inspections and Crop Progress. Friday will be big in the direction we go with Wholesale Trade, Crop Production and USDA Supply/Demand data. We should have more information on yields by the end of the week as well. In... (full story)
Something seems to be amiss. Aren’t markets supposed to be under pressure during harvest as farmers flood the system with the bounty of the season? Actually prices for corn and soybeans did begin the evening trade with a little hedge pressure but have snapped back into positive territory.... (full story)
Phil Flynn - The PRICE Futures Group - 1 hr 23 mins ago
Oil rose as rigs took a hit, the jobs number missed and the Russians are maybe going to talk to OPEC about oil if asked. Even with the Saudis cutting oil prices to Asia, it’s still not enough to slow the momentum in oil early this Monday morning. We had a dismal job 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.