Yntegra Trading | 2014 | January

Date archive: January 2014

Cattle futures opened lower yesterday, but traded firmer throughout the session to close mostly higher by day’s end. Most-active April futures have now traded in a relatively narrow and quiet $1.00 range over the past four sessions. We still have not seen any widespread cash cattle activity to this point in the week, though there…

The wheat market is trading slightly higher after yesterday’s onslaught of selling. The entire wheat complex made new contract lows (as well as three and a half year lows) yesterday after support areas could not hold and stops were hit. The market psyche may have taken the news of Egypt’s new rules on wheat moisture…

Export numbers are showing the cancellations of 610 MB, yet total exports made range with 875 MB. Weather in South America is holding the ship steady. U.S. basis is sketchy as areas are bumping bids while others are falling. Look for two-sided trade

Corn traded a smidge firmer overnight after a bit of a sell off yesterday following weak wheat and soybeans futures. Export sales this morning are significantly above expectations at 72.28 MBU. Weather in Argentina appears to have a pattern change to wetter after receiving good rain the past two days and more in the forecast….

After trading sharply higher early in the week, both the cattle futures and boxed beef markets slipped lower on Thursday and Friday, pausing after what has become a truly historic rally in recent weeks. Nearby Feb futures still finished the week with $3.00+ gains, April up $0.80. The conversation this morning will center on the…

The wheat market is trading higher this morning on news of a 715k tonne wheat purchase from Saudi Arabia. Saudi Arabia bought 595k tonnes of hard wheat and 120k tonnes of soft wheat from Europe, North – South America and Australia for April-June delivery over the weekend. A polar vortex has again blanketed the Midwest…

A small positive posting was recorded to end the night session. It appears SA weather is very conducive to continuing an excellent crop even in Arg., if the forecasts hold. Harvest is still in its infancy, but it should start to get bushels to the pipeline by the end of the month. US sales are…

Corn settled 1/2 higher for the day Friday and down 3 3/4 lower for the week. Funds were on the sidelines Friday. Export sales were higher than expected last week. They are currently 82% of projected USDA exports verses 72% this time last year. This should eventually force us to project larger US exports that…

After trading near unchanged for the first few hours of the session yesterday, the cattle markets again exploded to new highs as our weekly cash cattle trade became active. Packers paid $147 live in the South and as high as $150 live and $240 dressed in the North. This compares to a $142ish trade last…

The wheat market is trading higher this morning as a result of sizeable export sales yesterday accompanied with additional tenders this morning. Yesterday, Algeria bought 500K tonnes of French wheat for between $285-288 C&F, Iraq purchased 250K tonnes of Aussie wheat for $337- 345/ton, 100K tonnes of Canadian wheat at $360/ton, and 50K tonnes of…

MENU