Softs Futurescast Articles
Reuters - NY sugar plummets to 20-mth low; cocoa, coffee end down By: Hector GalvanMay 8th, 2012 3:10PM CDT "Everyone is riding the intensity of the outside markets, except coffee, which many can still argue has no direction because of a significant lack of fundamentals from South America." - Hector Galvan, senior market strategist for RJO Futures in Chicago To read the full article with Hector's comments, please go to Reuters.com |
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(SB) $0.2207 Key Sugar Risk Parameter as Market Nears Range-Base By: RJO MRTApril 30th, 2012 9:00AM CDT Technicals, April 30, 2012; 7:00am The combination of the market reaching the extreme lower recesses of the past 14-month range amidst the least-bullish sentiment in over four years warns to be particularly watchful for even a relatively minor bullish divergence in momentum that could expose a broader basing/reversal condition. These technical f.... Read More |
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Reuters - SOFTS-Cocoa jumps nearly 5 pct, arabica coffee shoots higher By: Hector GalvanApril 24th, 2012 12:22PM CDT "The dollar's down and all the other markets are recovering after yesterday's dip. It's turnaround Tuesday," said Hector Galvan, senior market strategist for RJO Futures senior market strategist in Chicago. He said coffee and cocoa futures were "following the trend higher." To read the full article with Hector's.... Read More |
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Brazilian Sugar Crop. The wait is over? By: Joe NikrutoApril 19th, 2012 2:20PM CDT Interesting headline ran across the Dow Jones newswire this morning. Canaplan, an agri-business consultant from Brazil has come out with a crop estimate for Brazilian sugar that is well below other estimates we have seen so far. The number, 470 mmt, is notable because it is almost 40 mmt less than the estimate from Unica and more than 60 mmt less.... Read More |
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Where are the Rivers of Chocolate?? By: Hector GalvanApril 18th, 2012 9:47AM CDT The cocoa market has been plagued most recently by the uncertainty of how much quality cocoa will come to light at the end of the mid crop season. Major producers like Ivory Coast and Ghana have been painting us different pictures of the growing year. Nonetheless, we cannot dispute the numbers that the European Cocoa Association just presented at.... Read More |
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Rueters- Sugar and cocoa rise on weak dollar, coffee mixed By: Hector GalvanApril 13th, 2012 7:59AM CDT "Right now, most people are spreading. We're seeing everything move into the July contract in big form," said Hector Galvan, senior market strategist for brokerage RJO Futures. Galvan said it doesn't look like the inversion is due to any short-term supply issues at this point. Robusta coffee trickled lower, while US arabicas fin.... Read More |
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(CT) Avoid Cotton Directional Exposure Like the Plague (or Wheat) By: RJO MRTApril 12th, 2012 7:32AM CDT Technicals, April 12, 2012; 7:15am Cotton is challenging wheat and Eurodollars for the choppiest, lateralest, frustratingest and messiest market on the entire commodity board over the past quarter so a trading-range mind-set remains required with a cautious bullish bias. Under such choppy, lateral circumstances clear in the daily log, active-con.... Read More |
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The Orange Juice Market-Keep the pulp, take the profit By: Bill MooreApril 5th, 2012 12:36PM CDT As the summer months descend upon us, those in the commodity world will look to be focusing their attention on the traditional seasonal indicators. Key planting and stock numbers along with record warm temperatures have made for aggressive behavior from those involved on the supply side of North American production. I’d like to focus some a.... Read More |
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Sugar - Poised to Make a Move By: Adam TuiaanaApril 2nd, 2012 9:18AM CDT With Easter weekend on the horizon, May sugar looks to be holding the 03/28 corrective low of 2411, which may allow for a resumption of the current long-term uptrend in place since 12/15/11. Although May sugar may see some choppy consolidation and resistance here at the 200-day moving average, perhaps a long-term bull call spread using the June op.... Read More |
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(SB) Sugar Reverts to Bowels of Broader Range, Defines New Risk Parameters By: RJO MRTMarch 20th, 2012 7:33AM CDT Technicals, March 20, 2012; 7:15am Overnight's clear break above 27-Feb's 25.81 high negates our prior bearish count that contended that that high was the end of a labored correction up from 15-Dec's 22.62 low ahead of a resumption of Aug-Dec'11's broader decline. This strength confirms at least the intermediate-term trend as .... Read More |
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(CC) Cocoa Break Reaffirms Corrective Recovery, Major Bear By: RJO MRTMarch 15th, 2012 8:43AM CDT Technicals, March 15, 2012; 8:10am When a market's chopping around in a range that we suspect is corrective within a broader trend, the best thing to do is be relatively hands-off and not try to navigate every little movement within that range until the market makes a more definitive move that defines a more objective shorter-term risk paramet.... Read More |
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(KC) New Coffee Lows Reaffirm Major Bear, Define New S-T Risk Parameter By: RJO Futures Market AlertMarch 12th, 2012 8:25AM CDT Technicals, March 12, 2012; 7:30am By virtue of overnight's break below Thur's 185.10 low detailed in the 240-min chart below, the market has defined Thur's 192.00 high as the latest corrective high and absolute tightest risk parameter it now is minimally required to recoup to confirm a bullish divergence in short-term momentum. Such.... Read More |
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Bloomberg - Cocoa Jumps on Ivory Coast Supply Concern: Commodities at Close By: Hector GalvanMarch 9th, 2012 8:42AM CST Soro’s resignation “in conjunction with the outside markets like the weak dollar and strong equities help propel cocoa higher,” Hector Galvan, a senior broker at RJO Futures in Chicago, said in an e-mail. To read the full article with Hector's comments, please go to Bloomberg.com. |
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Cocoa - World Production Deficit Ahead! By: RJO Futures Market AlertFebruary 28th, 2012 2:08PM CST The R.J. O’Brien Special Cocoa Report “Cocoa – World Production Deficit Ahead!” is now available on www.rjobrien.com. *** ***This report is available exclusively RJO clients and requires an account login. To find out how to open an account with RJO Futures simply go to our website www.rjofutures.com and click on “O.... Read More |
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(CC) Major Cocoa Bear Looking to Resume By: RJO MRTFebruary 10th, 2012 12:38PM CST Technicals, February 10, 2012; 9:09am Yesterday and this morning's break below 02-Feb's initial relapse low of 2210 detailed in the 240-min chart below reaffirms at least the intermediate-term trend as down. This former 2210-area support is considered new near-term resistance ahead of further and possibly steep losses straight away. And .... Read More |
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Eview - The Seasonal Trend in the Sugar By: Tim HaberkornFebruary 8th, 2012 11:57AM CST 02/07/2012 01:20pm CST Let’s discuss the Sugar market today. Sugar tends to be traded by the special niche traders who focus on soft markets in general, or the retail trader who likes to trade the shorter term trend by scalping it. If you have traded the sugar over the past couple of years you know that it can be a beast of a market at tim.... Read More |
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(KC) Coffee Technicals Deteriorating, Re-Expose Broader Slide By: RJO MRTJanuary 24th, 2012 8:03AM CST Technicals, January 24, 2012; 7:05am The daily log chart below shows that the market has yet to break 06-Jan's 216.60 low needed to confirm Dec-Jan's recovery attempt as a 3-wave and thus corrective affair consistent with a broader bearish count. But the extent of the past week's relapse and the fact that this relapse stemmed from a 2.... Read More |
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Business Recorder - Sugar firm in light trade, coffee mixed By: Hector GalvanJanuary 19th, 2012 9:16AM CST "If we sell off again people are going to be looking to bounce off the bottom again," said Hector Galvan, senior market strategist for RJO Futures. "Funds are the major players in the market today, initially doing some short-covering and then the market turned right back down," he added. To read the full article, go to brecorder.c.... Read More |
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Bloomberg - Cocoa Jumps Most Since October 2009 in N.Y.; Sugar, Coffee Gain By: Hector GalvanJanuary 10th, 2012 8:29AM CST “Whenever you see a country being immobilized, you run the risk of exports not moving at all,” Hector Galvan, a senior commodities broker at RJO Futures in Chicago, said in a telephone interview. “Nigeria is not Ivory Coast, but when all is said and done, it’s one of the top producers.” To read the full article go to .... Read More |
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(CT) Counter-trend Cotton Recovery Intact Above New $0.9438 Risk Parameter By: RJO MRTJanuary 9th, 2012 8:19AM CST Technicals, January 9, 2012; 7:35am Since 28-Dec's confirmed reversal above 16-Dec's 88.29 high first introduced as a pivotal level and condition in 20-Dec's Technical Webcast, we've endorsed a cautiously bullish policy. And indeed, the 240-min chart below shows that the market's performance since that 88.29+ break has been i.... Read More |
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Business Recorder - Sugar jumps four percent By: Hector GalvanJanuary 4th, 2012 9:38AM CST "It really is just dealing with the dollar being lower," said Hector Galvan, senior market strategist for RJO Futures in Chicago. To read the full article go to the Business Recorder. |
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(SB) Sugar Confirms Reversal Threat; Establish Longs at $0.2400 By: RJO MRTJanuary 3rd, 2012 10:05AM CST Trade Strategies, January 3, 2012; 9:30am With today's impulsive break above last week's 24.00 high as well as 06-Dec's 24.25 high, the market has confirmed a bullish divergence in momentum shown in the daily log scale chart below. Along with the prospect that this divergence defines 15-Dec's 22.62 low as the end of a 5-wave Elliot.... Read More |
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Business Recorder - ICE coffee slips By: Hector GalvanDecember 22nd, 2011 12:19PM CST "I think we found a short-term bottom with the rally that we had. One can actually draw a line in the sand right around $2,050 on the idea that maybe we'll trade sideways for a while," said Hector Galvan, senior market strategist for RJO Futures in Chicago. Raed the full article brecorder.com. |
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Bloomberg - Sugar Gains in New York on Lower Supply From Brazil; Cocoa Rises By: Hector GalvanDecember 15th, 2011 1:11PM CST “Brazil may be down in their southern region in regards to sugar production, which is helping to support prices,” said Hector Galvan, a senior commodities broker at RJO Futures in Chicago. “The sugar market is looking for direction on any piece of news that’ll send it higher again.” Read the full article at Bloomberg.c.... Read More |
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Business Recorder: Cocoa soars after Olam deficit report By: Hector GalvanDecember 13th, 2011 1:33PM CST "People who have been holding contracts for a very long time, likely, are just pulling the plug," said Hector Galvan, senior market strategist for brokerage RJO Futures in Chicago. See full article at brecorder.com. |
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AgFuturesTrading.com - Record Crop Weighs on Cotton Futures By: Kevin CraneyDecember 5th, 2011 8:02AM CST Kevin Craney, a senior commodities broker with RJO Futures, stated today regarding the current cotton futures situation, “Cotton (futures) remains under pressure due to the global supply glut and global economic growth slowing. Without any significant turnaround in the global macro-economic conditions, low demand will continue to keep (cotton.... Read More |
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November 18th - Cotton No. 2 Daily Price Expands To 5 Cents By: RJO Futures Market AlertNovember 17th, 2011 4:07PM CST Effective with the start of trading for Friday, November 18, 2011, the Daily Trading Limit for all Cotton No. 2 futures delivery months will expand to 5 cents per pound (500 points) above and below the prior day Settlement. The 5 cent Daily Price Limit is consistent with Cotton Rule 10.09, which provides for an Initial Limit Amount that increases .... Read More |
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(SB) Developing Sugar Bear Defines New $0.2618 Risk By: RJO MRTNovember 11th, 2011 7:39AM CST Technicals, November 11, 2011; 7:30am With overnight's break below Tue's 25.19 low detailed in the 240-min chart below, the market has not only reaffirmed the past month's developing downtrend, perhaps most importantly it has acknowledged former 26.13-to-26.24-range support as new resistance and defined Tue's 26.18 high as the late.... Read More |
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(CC) Cocoa Relapse Resurrects Long-Term Bearish Considerations By: RJO MRTNovember 10th, 2011 8:24AM CST Technicals, November 10, 2011; 7:50am While the market has yet to break 18-Oct's pivotal 2523 low detailed in the 240-min chart below, we believe the extent of this week's relapse increases the odds that late-Oct's recovery attempt is merely part of a corrective process that will ultimately yield to broader bearish pressures that coul.... Read More |
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Bloomberg - Sugar Rebounds as Industry Group Cuts Brazil Crop Forecast; Coffee Rises By: Hector GalvanNovember 3rd, 2011 9:28AM CDT “The report out of Brazil is helping support sugar, and I think the market may have gotten a little overdone with all the sell-offs we’ve had in the past 48 hours,” Hector Galvan, a senior trading adviser at RJO Futures in Chicago, said in a telephone interview. Click here for the complete Bloomberg article. |
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Cotton turn around? Finally! By: Dan GuzmanOctober 31st, 2011 1:18PM CDT December cotton has been sliding lately, but a turn around could be seen as we approach support levels of 10210 and 10027. The drought over the summer in Texas had an adverse effect on the supply. The supply was ample coming out of Minnesota and Nebraska. India and China are about to turn up the demand for their exploding middle class and the bad .... Read More |
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(KC) Labored Recovery, Rejected Fibs Threaten Coffee Reversal, Re-Expose Bear By: RJO MRTOctober 31st, 2011 7:50AM CDT Technicals, October 31, 2011; 7:00am Overnight's break below 20-Oct's 229.70 low detailed in the 240-min chart below severely threatens our broader base/reversal count introduced in early-Oct as this month's 219.80 - 252.50 recovery attempt is rendered a 3-wave sequence as labeled. Left unaltered by strength above 25-Oct's 252.50.... Read More |
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(CT) Cotton Stems Sep/Oct Slide, Perpetuates Broader Range Trade By: RJO MRTOctober 27th, 2011 9:47AM CDT Technicals, October 27, 2011; 8:10am The extent and impulsiveness of this week's recovery above 19-Oct's 101.42 high renders Oct's portion of this slide a 3-wave and thus corrective structure that not only exposes a run at 11-Oct's 104.00 high, but possibly the upper recesses of the past quarter's 93.72 - 114.83-range. As a re.... Read More |
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Bloomberg - Cocoa Futures Rise as Demand by Processors Climbs; Sugar Drops By: Hector GalvanOctober 26th, 2011 3:22PM CDT “Cocoa has been down so much this year, but there’s still demand,” Hector Galvan, a senior trading adviser at RJO Futures in Chicago, said in a telephone interview. “End-users are buying it up at these prices.” Click here for the complete Bloomberg article. |
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Cocoa Futures Bottoming Out By: Hector GalvanOctober 26th, 2011 1:36PM CDT Cocoa this morning is holding positive numbers even as the outside markets are weakening. Some may be curious why cocoa seems untouched by the sudden drop in other commodities. Cocoa is trying to hold above water after the decline that began on the 6th of September which took prices down as low as 2523. It can be argued that we have found a bottom .... Read More |
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(KC) Coffee Base/Reversal Count Takes Another Step; Defines New $2.2970 Risk By: RJO MRTOctober 21st, 2011 9:08AM CDT Today's impulsive breakout above Mon's 243.55 high detailed in the 240-min chart below reaffirms at least the intermediate-term trend as up and contributes to our longer-term premise discussed in 06-Oct Technical Blog and special report (attached below) that the market is in the early stages of a base/reversal environment that could be majo.... Read More |
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(SB) Accelerated Sugar Gains Sight August High, And Above Technicals By: RJO MRTOctober 14th, 2011 10:36AM CDT The 240-min chart below shows not only a recovering market, but one that's accelerating higher. On the heels of what now looks to be only a 3-wave and thus corrective decline from 25-Jul's 31.68 high to 23-Sep's 24.01 low, odds are rising quickly that this month's rally is the dramatic 3rd-Wave of a resumption of the major bull tren.... Read More |
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(CC) Play for Cocoa Bottom, Reversal with Dec Call Butterfly By: RJO MRTOctober 13th, 2011 9:32AM CDT Trade Strategies, October 13, 2011; 8:05am The past week's recovering behavior detailed in the 240-min chart could be the early stages of a broader base/reversal environment as, among other factors, it exposes 04-Oct's 2540 low as the possible end to a textbook-looking 5-wave Elliott Wave sequence from 24-Aug's 3150 high. Near-term s.... Read More |
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Volatility in the Sugar Futures Market By: Hector GalvanOctober 11th, 2011 9:13AM CDT Sugar has been a very volatile market in recent weeks with the profound loses from its highs of 30.60 in the March contract in early August to our most recent rebound from the lows at 24.00 just days ago. As of right now one can argue that sugar is setting itself up for a major rebound back to the 28.00 area; we continue to make higher lows on a d.... Read More |
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Business Recorder: ICE raw sugar futures rally, coffee sinks By: Business RecorderOctober 10th, 2011 10:03AM CDT "The market in coffee just cannot hold these gains. People are taking money right back out after they put into it this morning," said Hector Galvan, senior market strategist at brokerage RJO Futures in Chicago. Click here for the complete Businss Recorder article. |
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(KC) Coffee's Break of Aug Low Leaves Downside Wide Open, Defines $2.4655 New Key Risk By: RJO MRTSeptember 30th, 2011 7:31AM CDT Technicals, September 30, 2011; 7:00am With yesterday's break below last Fri's 230.80 low, the market has not only reaffirmed the past month's downtrend, it has also broken 08-Aug's key 231.35 low enough to expose the long-term trend as down that could produce relentless, capitulation-type losses straight away. The fact that th.... Read More |
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(CT) Developing Cotton Bear Defines Tighter $1.0230 Risk By: RJO MRTSeptember 29th, 2011 8:01AM CDT Technicals, September 29, 2011; 7:20am Since 19-Sep's momentum failure exposed Aug-Sep's recovery attempt as a 3-wave and thus corrective structure discussed in that day's Technical Blog, a broader bearish policy has been advised ahead of an expected eventual break below 09-Aug's 93.72 low shown in the daily log scale chart below..... Read More |
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Are Cocoa Futures Going to Rebound? By: Peter MoosesSeptember 23rd, 2011 11:30AM CDT December cocoa traded at a new contract low and is attempting to rebound off that. With a close below the 9-day moving average the short-term still looks negative. The cocoa futures market remains oversold with a RSI under 20. Areas of resistance are around 2728 and 2771 with support at 2632 and 2580. Global economic issues as well as a weaker Brit.... Read More |
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(KC) Interim Coffee Trend Lower, But Beware Range-Center Whipsaw Risk By: RJO MRTSeptember 21st, 2011 7:32AM CDT Technicals, September 21, 2011; 6:50am This month's developing downtrend is detailed in the 240-min chart below, with yesterday's rejection of former 265.10-area support from 09-Sep defining yesterday's 266.00 high as arguably the latest corrective high within this decline and tightest risk parameter this market must recoup in order t.... Read More |
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LAST TRADING DAY By: RJO Futures Market AlertSeptember 20th, 2011 10:00AM CDT TODAY, September 20th, is Last Trading Day for SEPTEMBER ICE Coffee FUTURES. TODAY is Last Trading Day for OCTOBER NY Crude Oil FUTURES. Both of these contracts will cease trading at the close of today’s sessions. Please allow time to contact your customers and to place liquidating orders; and remember to canc.... Read More |
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Playing Technicals in the Cocoa Futures Market By: William MooreSeptember 14th, 2011 9:01AM CDT While fundamental research in the cocoa market is showing a mix of bullish and bearish factors, key technical analysis could prove profitable for day traders in the coming weeks. From a fundamental side, record crop numbers out of western Africa indicate a bearish trend in prices. This is being countered by a weekend dollar and an expectation of a .... Read More |
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(CT) Cotton Technicals Constructive Above Minimum $1.0700 By: RJO MRTSeptember 13th, 2011 7:29AM CDT On the heels of 07-Sep's decisive, impulsive breakout above weeks of 107.85-to-109.00-range resistance that now defines this range as an excellent new support candidate, subsequent setback attempts are advised to first be approached as corrective buying opportunities. And while we'll address a caveat to a bullish count below, the trend is.... Read More |
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(CT) Significant Cotton Reversal Exposed Following Key $1.0900+ Breakout By: RJO MRTSeptember 7th, 2011 7:55AM CDT Technicals, September 7, 2011; 7:40am In last Thur's Technical Blog we discussed some constructive technical developments despite the existence of 24-Aug's 109.00 high and resistance. Just moments ago, the market broke above this key 109.00 level that negates a bearish wave count that contended that Jul-Aug's 38.2% recovery attempt .... Read More |
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Delayed Open Time for Sugar No. 11, Coffee, and Cocoa Contracts - August 29 By: RJO Futures Market AlertAugust 26th, 2011 8:31AM CDT Delayed Open Time for Sugar No. 11, Coffee, and Cocoa Contract on August 29, 2011: Due to UK banking holiday on Monday, August 29, 2011, ICE Futures U.S. will delay the start of electronic trading in Sugar No. 11, Coffee, and Cocoa futures and options contracts until 6:30 am CST. This change to the start time for these products does n.... Read More |
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The Unbearable Sweetness of Sugar Trading By: Joe NikrutoAugust 18th, 2011 11:07AM CDT "Sugar sales from state stockpiles in China, the world's second-biggest consumer, won't make up for a domestic shortage, increasing the possibility of more imports and higher prices as the government struggles to contain inflation at the fastest pace in three years." This is a long sentence to follow but stick with us on this on.... Read More |
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October Sugar Struggling to Stay Positive..... By: Dan GuzmanAugust 16th, 2011 8:56AM CDT The positives are few while the negatives are many. According to The Hightower Report, there is a world wide surplus while there is a world wide recession. India, Thailand and Europe are expected to have near record crops while Brazil will lag a bit. Still 4-8 million tones are expected for the coming year. If October sugar trades nea.... Read More |
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August 15 - Cotton No. 2 Daily Price Expands To 5 Cents By: RJO Futures Market AlertAugust 12th, 2011 3:13PM CDT Effective with the start of trading for Monday, August 15, 2011, the Daily Trading Limit for all Cotton No. 2 futures delivery months will expand to 5 cents per pound (500 points) above and below the prior day Settlement. The 5 cent Daily Price Limit is consistent with Cotton Rule 10.09, which provides for an Initial Limit Amount that incre.... Read More |
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Corrective Cotton Pop Re-Exposes Bear By: RJO MRTAugust 8th, 2011 10:27AM CDT By confirming at least the intermediate-term trend as down with Fri's break below 102.15, we believe the cotton market is also re-exposing this year's broader reversal lower as the late-Jul/early-Aug recovered attempt has been rendered a 3-wave and thus corrective affair. Please review today's Technical Webcast for details that also inc.... Read More |
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Cocoa Update By: Peter MoosesAugust 5th, 2011 10:47AM CDT September cocoa (ICCU1) opened at 2895 today, we saw the high break 3000 for the first time this week. Commodities across the board continue to be weak under outside market pressure. September cocoa has been down six straight days and is touching lows we haven't seen since June. The fluctuations in the currency market have had a negative effect.... Read More |
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(SB) Sugar Confirms Momentum Failure, Exposes Potentially Major Setback By: RJO MRTAugust 3rd, 2011 10:36AM CDT Technicals, August 3, 2011; 9:05am In Mon's Technical Blog we discussed the two risk parameters- 29.22 ("tight") and 28.20- the market needed to sustain above to maintain a broader bullish count. The 240-min chart below shows that the market's continued erosion from that point through both of these key points not only confirms at.... Read More |
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(KC) Momentum, Waves, Sentiment Conspire to Reverse Coffee; Look to Buy By: RJO MRTAugust 2nd, 2011 9:29AM CDT Technicals, August 2, 2011; 8:25am Today's recovery above 26-Jul's 247.35 high detailed in the 240-min chart below confirms a bullish divergence in daily momentum discussed below. Critical to broader basing/reversal argument is the prospect that last Thur's 237.20 low completed a textbook 5-wave Elliott Wave sequence as labeled. Left.... Read More |
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(SB) Fatigued Sugar Rally Defines $0.2922 ("tight"), $0.2820 Key Risk Parameters By: RJO MRTAugust 1st, 2011 9:00AM CDT Technicals, August 1, 2011; 8:05am For the past 18 months or so, the sugar market has been one of the best trending markets on the board with the past 2-1/2-months' virtually uninterrupted rally the latest example shown in the weekly log scale chart below. But now that the market has recovered to the (31.54-area) 76.4% retrace of Feb-May'.... Read More |
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(CT) Cotton Failure Renders Recovery Attempt Corrective, Re-Exposes Broader Slide; 104.44 New Key By: RJO MRTJuly 29th, 2011 9:08AM CDT Technicals, July 29, 2011; 6:40am In Wed's Technical Blog we advised traders to move to a neutral/sideline policy as a result of some developing bullish threats resulting from a bullish divergence in momentum above 20-Jul's 102.13 corrective high shown in the daily log chart below. We discussed how this divergence exposed a correction or .... Read More |
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Cotton No. 2 Daily Price Expands To 5 Cents By: RJO Futures Market AlertJuly 27th, 2011 12:13PM CDT Cotton No. 2 Daily Price Expands To 5 Cents Effective with the start of trading for Wednesday, July 27, 2011, the Daily Trading Limit for all Cotton No. 2 futures delivery months will expand to 5 cents per pound (500 points) above and below the prior day Settlement. The 5 cent Daily Price Limit is consistent with Cotton Rule 10.09, wh.... Read More |
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(CC) Pure Risk/Reward "Buy" Building in Cocoa; Buy At-Market By: RJO MRTJuly 26th, 2011 9:16AM CDT Trade Strategies, July 26, 2011; 7:40am While it falls well within the bounds of possibility that Mar's 3775 high completed the 5th-Wave of an absolutely major Elliott Wave sequence from Jul'04's 1299 low shown in the monthly log chart below, a number of factors exist that suggest Mar-Jun's sell-off attempt is merely corrective wit.... Read More |
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Declining Demand for Cotton Impacts Futures By: Peter MoosesJuly 21st, 2011 9:29AM CDT The cotton market needs a move low enough in prices to push the demand back up. In the short-term the market looks oversold, which can turn this into a bullish market with higher prices in the long-term. The weaker dollar and higher stock prices should also add to an increase in cotton future prices. Weather also remains an issue in the south with .... Read More |
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LAST TRADING DAY - JULY ICE Coffee FUTURES By: RJO Futures Market AlertJuly 19th, 2011 12:42PM CDT TODAY, July 19th, is Last Trading Day for JULY ICE Coffee FUTURES. July Coffee futures will cease trading at the close of today's session. Please allow time to contact your customers and to place liquidating orders; and remember to cancel open GTC orders when your positions are covered. Please remember that In-the-Money.... Read More |
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Cotton on the down side? By: Dan GuzmanJuly 8th, 2011 10:08AM CDT July cotton was down 540 on the last trading day on weak demand. Brazil has a surplus of over 100,000 bales, Mexico and China did not have an impact. China is pulling back with 1.1 mil. in excess and the demand is not there in India or in the U.S. The December cotton is a little stronger today but the market is expected to trade sideways. The Tuesd.... Read More |
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September Coffee Rally Needing a Shot of Espresso By: William MooreJune 20th, 2011 1:00PM CDT Speculators in coffee are encountering a strongly bearish trend in the recent week as prices hit a four month low. Halting this downturn will require support from external factors as the market continues to fall. The market fell nearly 20 cents in the past four sessions. A weaker dollar will help curb this decline in prices. Indonesia reported l.... Read More |
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Sugar Surplus Could Halt June Rally By: William MooreJune 13th, 2011 1:15PM CDT A surge in London Sugar Futures has caused a strongly bullish trend in the market throughout the month of June. With the 50 day moving average around 22.96 and futures trading at 24.74 on June 13th 2011, we can see this strong upward momentum. India sugar representatives announced they would be boosting production to 1.5 million tonnes, up 500,000 .... Read More |
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Freshly Squeezed Fluctuations By: William MooreMay 18th, 2011 9:45AM CDT An often overlooked soft market, concentrated orange juice has shown recent activity that merits some interest. The FCOJ market showed a strong rally last week breaking through the established range basis on July contracts. Riding on the tail end of the winter growing season and the recent crop report, July futures opened at 181.55 today (5/18/11.... Read More |
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Cotton No. 2 Daily Price Reverts To 6 Cents By: Anthony PickettMay 13th, 2011 3:01PM CDT Effective with the start of trading for Monday, May 13, 2011, the Daily Trading Limit for all Cotton No. 2 futures delivery months will revert to 6 cents per pound (600 points) above and below the prior day Settlement Price. The 6 cent Daily Price Limit is consistent with Cotton Rule 10.09, which provides for an Initial Limit Amount that inc.... Read More |
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