Yntegra Trading | 2014 | July

Date archive: July 2014

Live cattle futures put together their second consecutive mixed performance yesterday, again slightly weaker in the nearbys and firmer in the deferreds. Nearby futures continue to lag the $162-165 cash cattle market despite still-firmer spot beef prices and expectations for another steady-firm cash trade this week. Choice and select cutout indices were up a solid…

Wheat traded slightly positively overnight after yesterday’s massacre as there is one SRW offer in the Egypt tender today. Trade is growing concerned over rainfall in Germany associated with harvest as millers will need some of the higher proteins from Germany due to issues in France. Paris wheat made new lows which effectively brought down…

Another drop in values, but the nearby is a bit stronger. The commodity fund rolls begin today with Rogers. Aug. is liquidating as first position day is today. Be out of longs in Aug. contracts today or risk taking delivery. Meal and beans not likely, but oil of course is almost a lock. Moisture in…

An increase in rain chances this week and next for the Midwest pressured the entire grain complex yesterday and corn followed along closing down 6 ¼ cents in September. Funds sold 5K contracts of corn. Good 1 to 2 inch rains fell in the extreme southwestern part of the Corn Belt and more is expected…

Including Friday’s sharp $2.55 gain, nearby August live cattle futures finished the week with a $7.47 rally and literally closed on the weekly highs. This as the cash cattle markets saw small volumes move at $162 in the North on Wednesday only to trade as high as $165 in the South on Friday morning, up…

The wheat market is setting back this morning after trading higher early in the session. Paris wheat turning lower seems to be the main reason. Look for the market to bounce after the open. The main story continues to be excess rains in Europe with more damage seen in France, and now trade is talking…

A nice bounce has taken place ahead of the condition report. Look for follow through in the complex today. Areas of the SW growing region have missed rains the last week or two and now are generating some yield doubts. However, I would contend this is less of an issue for beans and would buy…

The market was able to close a little higher Friday following the wheat. Funds bought 3K contracts. Good rains last week and into the weekend in Minnesota, eastern Iowa, and into Illinois. In some cases, this pretty well makes the crop. Eastern Nebraska and western Iowa are beginning to show stress. In spite of this…

It was an incredibly volatile session for the cattle markets yesterday, with live cattle witnessing a $3+ trading range and feeder cattle a $4+ trading range. When it was all said and done, however, the cattle finished with minor gains and feeder cattle mixed. Once again, talk centered on the stronger cash cattle and boxed…

Wheat found support overnight, but again cannot hold gains as we near the start of the day session. The wheat market found support early on yesterday, but finished lower as corn sold off, making new lows for the move. EU export sales are lagging on wariness of the quality of wheat they will receive due…

MENU