Recent blog posts
- Cocoa Prices Hit 6 Week Lows
- Orange Juice Near New Highs
- Sugar Prices Hit 3 Year Lows--How Low Can Prices Fall?
- Cotton Prices Break Support
- Coffee Prices Hit 3 Year Lows
- Is Crude Oil Headed Lower?
- Where Are The Grains Headed?
- Where Are Gold & Silver Headed?
- Soybeans Hit 8 Month Highs--How High Can Prices Go?
- Talk To Mike Seery With Skype
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Currency Futures--- The U.S dollar fell for the third consecutive day finishing down 41 points for the June contract to close at 79.67 while the British Pound finished up 66 points right near new five month highs closing around 1.5890. The Canadian dollar continued its bullish momentum finishing up 50 points closing at 1.0115 hitting new yearly highs as investors are very bullish the Canadian economy.
Stock Futures-- The S&P 500 futures contract for June closed to another yearly high today closing at 1404.50 which also was a new fresh contract high while the NASDAQ continues its amazing run up over 18% for the year and we are still only in March climbing another 19 points in the June futures contract to settle at 2727.75 continuing its bullish momentum.
Meat Futures--- Live cattle for the April delivery today traded slightly lower finishing down only 15 points to close at 125.15 a pound and flirting with the 12 week low which happened on January 9th at 124.15 and if cattle prices break that level your possibly looking to go down to the contract low of 121.10 a pound.
Cotton Futures--- Cotton futures for the May delivery shot 160 points today with investors buying throughout the trading session to close at 89.10 a bale in an active trade in New York today.
With more than 2.2 billion
Sugar Futures--- Sugar futures were up 27 points to close at 25.66 bumping right at five month highs in heavy volume in New York today. Three weeks ago sugar futures for the May delivery traded as high as 25.87 and after today's 30 point rally is now only 21 points from breaking to new five month highs and after that the next resistance is 26.50 and remember last year sugar prices were in the low 30’s at one point.
Grain Futures-- The grain market today opened lower and stayed lower throughout the trading session with wheat leading the grains down today finishing lower by $.20 cents in the May contract closing at 6.52 a bushel while dragging corn down as well with May corn finishing lower by $.10 cents a bushel at 6.63 in active trade in Chicago today.
Metal Futures-- The precious metals today reversed early losses to finish positive across the board with gold leading the charge eight dollars higher closing at 1, 663 an ounce while silver futures which were lower by $.30 cents in early trading reversed and finished higher by $.35 in the May contract to close at 32.97 and still stuck in a choppy sideways trade.
Energy Futures-- The energy futures today rallied once again with crude oil leading the charge higher by $.90 cents to close around $107.90 a barrel while unleaded gas continues the charge in the May contract closing up another hundred points to close at 3.3675 a gallon in light trade in New York today.
Precious Metal Futures-- The precious metals today ended to the downside but reversing from early losses with gold only finishing down $5 dollars to close at $1, 654 in ounce with silver also lower for the trading session finishing down $.16 cents at 32.56 an ounce in light trade in New York today,.

