June 2012

24 Jun

Cattle Down Sharply This Week; Hogs Unchanged

in Blog, commodity trading, feeder cattle futures, futures broker, Lean hog futures, live cattle futures, Michael Seery, option broker, Seery Futures LLC

Meat Futures--- Live cattle futures this afternoon in Chicago are down another 10 points in the August contract currently trading at 116.55 looking at possibly breaking new lows near 114 a pound while feeder cattle prices for the August contract are basically unchanged for the trading session 152.50 dropping around 800 points in the last couple of weeks right at fresh 8 week lows on pessimism of a lack of demand and an outright bloodbath in the c

24 Jun

Bond Futures Sell Off On S&P 500 Gains

in 10 year note futures, 30 year treasury bond futures, Blog, Bond trading, commodity trading, Eurodollar futures, futures broker, I know futures, Michael Seery, options broker, Seery Futures LLC

Bond Futures--- The bond futures were quiet this week with the 30 year bond yield at 2.75% currently trading in the September futures contract at 148 – 06 down about a full point for the week selling off on some profit-taking as the S&P 500 showed some strength today after yesterday's 32 point debacle and bad economic news in the United States and across the globe.

24 Jun

What Will The Precious Metals Do This Week ?

in Blog, commodity trading, futures broker, gold futures, Michael Seery, options broker, palladium futures, platinum futures, Seery Futures LLC, silver futures

Precious Metal Futures--- Precious metal futures this week were slammed on several bearish economic indicators such as lowering the GDP by the federal reserve as well as major problems existing in Europe and in China causing global economic slowdowns pushing gold down $60 dollars for the week currently trading at 1,566 this Friday afternoon while silver futures were down for the third consecutive trading day another 15 cents at 26.71 down around $1.70

24 Jun

Has The Euro Currency Bottomed ?

in Australian dollar futures, Blog, Canadian dollar futures, commodity trading, currency trading, euro currency futures, futures broker, Japanese Yen futures, Michael Seery, Seery Futures LLC, US dollar futures

Currency Futures--- The currency market saw some wild swings this week on a number of economic reports pushing prices up and down the ladder while today traded in a very quiet range in the U.S dollar for the week finishing up around 50 points which was all in yesterday's trade as the Euro currency sold off 150 points yesterday and finished down only 70 points for the trading week with its contract low right at 123 still trading right aroun

24 Jun

Energy Prices Getting Hammered Again This Week --New Lows Across The Sector

in Blog, commodity trading, crude oil futures, futures broker, heating oil futures, Michael Seery, natural gas futures, option broker, Seery Futures LLC, unleaded gasoline futures

Energy Futures--- The energy markets are sharply lower this week on a pessimistic outlook by the federal reserve cutting the GDP forecast here United States also with a gloomy outlook in Europe and  China sending crude oil prices sharply lower to a new nine-month low down about  $4.50 dollars a barrel this week however trading up about $1.80 this Friday afternoon close right around $80 a barrel while unleaded gasoline is up this afternoo

24 Jun

Have Coffee Prices Bottomed ?

in Blog, Cocoa futures, coffee futures, commodity trading, cotton futures, futures broker, lumber futures, Michael Seery, milk futures, options broker, orange juice futures, Seery Futures LLC, sugar futures

Coffee Futures--- Coffee futures in New York this week saw volatile trading action every single day well closing on a sour note this Friday afternoon down around 300 points in the September contract closing at 155.80 still within striking distance of new contract lows after an impressive day yesterday with most the commodity market sharply lower coffee finished 700 points higher looking like a possible bottom is forming before profit-taking took price

24 Jun

Are Cotton Prices Bottoming ?

in Blog, Cocoa futures, coffee futures, commodity trading, cotton futures, futures broker, lumber futures, Michael Seery, milk futures, options broker, orange juice futures, Seery Futures LLC, sugar futures

Cotton Futures--- Cotton futures in New York this week saw incredibly volatile trading action every single day while finishing up on a high note closing higher by 150 points currently trading at 69.27 after yesterday's locked limit down to 500 points in a wild trading action.

24 Jun

Big Heat Wave Coming--Is The Midwest Suffering From A Drought ?

in Blog, commodity trading, corn futures, futures broker, Kansas City wheat, Michael Seery, Minneapolis wheat, oat futures, rough rice futures, Seery Futures LLC, soybean futures, soybean meal futures, soybean oil futures, wheat futures

Grain Futures--- The corn market this week soared on speculation of the U.S drought cutting production causing prices to nearly shoot up .50 cents a bushel in the December contract which we harvest this fall to currently trade around 5.57 a bushel going into the weekend as traders are nervous about how much rain is forecast for the next 7 to 10 day forecast while soybeans also finished the week up about 50 cents currently trading at 13.74 of bushel

Closing Commodity Comments For 6-22-12

Grain Futures--- The corn market this week soared on speculation of the U.S drought cutting production causing prices to nearly shoot up .50 cents a bushel in the December contract which we harvest this fall to currently trade around 5.57 a bushel going into the weekend as traders are nervous about how much rain is forecast for the next 7 to 10 day forecast while soybeans also finished the week up about 50 cents currently trading at 13.74 of bushel

23 Jun

Cattle Down Sharply This Week; Hogs Unchanged

in Blog, commodity trading, feeder cattle futures, futures broker, Lean hog futures, live cattle futures, Michael Seery, option broker, Seery Futures LLC

Meat Futures--- Live cattle futures this afternoon in Chicago are down another 10 points in the August contract currently trading at 116.55 looking at possibly breaking new lows near 114 a pound while feeder cattle prices for the August contract are basically unchanged for the trading session 152.50 dropping around 800 points in the last couple of weeks right at fresh 8 week lows on pessimism of a lack of demand and an outright bloodbath in

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