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- How High Are July Soybeans Headed?
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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
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.
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
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
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
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
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.
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
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
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

