Mike Seery's blog

04 Feb

How To Hedge Like A Pro

in Blog, energies, grains, Hedging, meats

If you are a farmer concerned about the price fluctuations of grains,meats, or energy products learn how to hedge like a professional and minimize your risk. If you are interested in hedging please call me at 800-615-7649 and we will discuss strategies that will protect you.

04 Feb

Mexico Drought Kills Cattle & Crops

in Blog, cattle, grains

There is an interesting article about one of the worst drought on record in Mexico which has killed over 60,000 livestock and lowered corn production from 20.5 million tons to 18,4 million tons. Mexico is the main supplier of cattle to the U.S and one of the main reasons that feeder cattle is at all time highs.

04 Feb

Bonds Sell Off On Job Data

in 10 year notes, 5 year notes, Blog

The bond market on Friday sold off from recent all time highs in the 5 and 10 year notes due to a positive unemployment report which showed in January we added 243,000 new jobs.

04 Feb

Soymeal Leading Soybeans Higher

in Blog, corn, soybean meal, soybeans

If you look at the recent rally in soybeans and wonder why have prices not dropped with a bearish report 3 weeks ago which increased supply.

03 Feb

Crude Oil Rallies Off Bullish Job Data

in Blog, crude oil, heating oil, unleaded gasoline.natural gas

 Crude oil futures rallied with the rest of the markets to close higher by $1.65 to close around 97.95 a barrel. Crude still has an overhang of supply and that is the reason this market has been choppy and stuck in the mud for the last month or so. Heating oil futures were unchanged for the 2nd day in a row at 3.05 a gallon. Unleaded gasoline was higher by 1 cent to close around 2.88 a gallon.

03 Feb

Soybeans Rally Sharply While Corn & Wheat Steady

in Blog, corn.wheat, oats, soybeans

 The corn and wheat market were both basically unchanged today despite a strong stock market and commodity market. Corn closing down 1 cent a bushel to close around 6.42 a bushel and wheat also lower by 1 cent to close around 6.62 a bushel. Soybean futures finished 16 cents higher to close around 12.33 a bushel. The breakout in soybeans for March delivery is 12.50 a bushel and has had a very difficult time breaking through that resistance.

03 Feb

Gold & Silver Lower On Profit Taking

in Blog, copper, gold, platinum, silver

 Gold futures sold off today as investors flocked into the stock market with the nasdaq making new 11 year highs again today. The bull market in gold is still underway and in my opinion will continue to go higher for the remainder of 2012. The U.S Dollar is up 15 points today which had no effect on price action today. Gold futures settled 18 dollars lower to close around 1,744 an ounce.

03 Feb

Stock Market Higher On Great Unemployment Data

in Blog, dow, nasdaq, sp

The stock market is surging today on great unemployment news which is making the nasdaq rally 45 points to 11 year highs. The S&P is up 16 more points while the Dow is higher by 140 points trading at 12,840. I continue to stress that we are in bull markets across the board and economies are improving dramatically, with bond yields at all time lows the stock and commodity markets look very cheap.

03 Feb

Copper Futures Surge On Unemployment News

in Blog, copper

Copper futures are surging on great economic news out of the monthly unemployment report. Copper is up 900 points currently trading at 6 month highs at 3.87. I still believe all commodity markets should be bought as well as the stock market.

03 Feb

Silver & Gold Sharp Selloff

in Blog, gold, silver

If you are looking to get long the precious metals then today could be your buying opportunity. Silver is down 60 cents and gold is down 19 dollars.These markets are still in a bullish trend and should be bought on dips in my opinion.

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