Yntegra Trading | 2013 | August

Date archive: August 2013

Live cattle and feeder cattle futures both traded slightly firmer for most of the session yesterday, closing a modest 15-30 points higher in the fats and 40-80 points higher in the feeders. While outside markets have seen some serious volatility in recent sessions (grains, energies, USD, equities, etc.), the cattle markets have remained relatively lackluster…

Wheat saw a mixed trade yesterday, but closed down a penny. This morning the market has picked up where if left off, slightly weaker. There are some factors at play in the export world today, with the release of net sales up 12% from the previous week at 551,300 MT. That number is down 4%…

Cooling temperatures and a chance for moisture is easing the complex. Without moisture we still are in the same boat, no good pod filling and thus a reduced yield. Exports finally showed some old crop cancellations, but new crop bookings continue at a pace that cannot be supported without moisture immediately to fill pods. Meal…

December corn gave up yesterday in the face of a slightly wetter forecast for late this weekend and early next week. There is still a big difference of opinion by the forecasters on how much rain will fall in the central and western Corn Belt. Our forecaster is calling for less than one inch. Funds…

The cattle markets continue to chop sideways, trading to a mixed finish yesterday on very light trade volume once again. While we continue to price in and expect a firmer cash cattle trade to develop by week’s end, the trade is perhaps growing mildly disappointed in this week’s beef market action. Since Friday, the choice…

Wheat closed a few cents better yesterday to continue the teeter-totter pattern. This morning the market is banally lower as it follows corn and looks for an identity. Stats Canada yesterday was above the top side of market production (30.3 MMT) for Canada, pegging total production at 30.6 million tonnes, up 12% from 2012. Central…

Export sales were below expectations in beans, but we did have additional old crop sales with only two weeks left to go. Who had beans to offer? Meal and oil exports were at the high end of expectations. While not all the needy areas were covered, the rains overnight did fall in the target zone…

Corn surged higher led by the Sept. yesterday. September was up 14.25 cents, and the Sept/Dec. corn spread traded 15 cents yesterday and it looks like we are headed to 20. Basis is still strong with 30 days before any major corn harvest. Funds bought 8K contracts. Export sales were disappointing. Old crop was 58…

Live cattle futures traded lower for most of the session before rallying back to settle narrowly mixed. Futures continue to find support in ideas that our seasonal lows are behind us and the spot cash cattle and boxed beef markets will now rally deeper into the fall as supplies decline slightly and demand for pricier…

Yesterday‟s range-bound trade closed up just over two cents on the day following a row crop rally. This morning‟s trade is picking up where it left off, shading row crops with no substantial fundamentals, pushing wheat independently. Taiwan closed their milling wheat tender with the U.S., picking up 101K MT of Sept-Oct business. Export net…

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