Grains & mMetals Rally Sharply 1-23-12

27 Jan in Blog, commodities, corn. gold, silver, soybean

Grain Futures—Soybean futures moved sharply higher today on more weather concerns down in South America as well as a weaker dollar vs. the Euro currency. Soybeans have quickly rallied around 60 cents in the last 5 trading sessions also due to the fact that Europe seems to be settling down. Soybeans for March delivery finished up 28 cents to finish around 12.17 a bushel closing near the highs of the day. Corn futures were also higher on improving economic conditions around the world to finish higher by 9 cents to close around $6.20 a bushel. Wheat futures joined the party as well climbing 9 cents to also close around 6.20 a bushel. If you look at corn and wheat prices they closed right at the same price which has only occurred a couple of times in history. Wheat prices historically are higher than corn prices, however with much of the U.S corn crop going into ethanol this is the reason for the corn prices at this current period. In my opinion the grains will continue to move higher as QE3 could be coming in early spring.

Metal Futures—Gold continues to rally sharply because of the falling dollar finishing higher by another 13 dollars closing at 1,676 an ounce. Silver futures rallied as well closing up 68 cents to close at 32.35 an ounce. Copper futures hit 4 month highs today on an improving world economy to close higher once again at 3.80 up 5.60 for the day. I still believe that the metals will continue to climb with all of the other commodity markets. Commodities sometimes go in cycles and we are coming out of a bearish cycle in recent months to a bullish turnaround story in most commodities.

Energy futures—Crude oil futures closed up 1.30 a barrel to close around 99.60 in New York   today . Crude is trading between $98-103 dollars a barrel with little direction seen in the next couple of weeks with continued choppiness. I still believe that you avoid this market until a break out occurs to the up or downside. Heating oil futures closed up 3 cents a gallon to close near its high for the day at 3.01 a gallon. Unleaded gasoline futures finished unchanged to close around 2.79 a gallon in a lack luster trading session.

 

Q / C / O

U.S. Dollar Index

Mar 12

-0.436

79.970

80.530

80.585

79.755

13:19

Q / C / O

British Pound

Mar 12

+0.0023

1.5555

1.5535

1.5595

1.5510

13:19

Q / C / O

Canadian Dollar

Mar 12

+0.0053

0.99030

0.98400

0.99360

0.98330

13:19

Q / C / O

Japanese Yen

Mar 12

-0.0007

1.29910

1.29970

1.30160

1.29800

13:19

Q / C / O

Swiss Franc

Mar 12

+0.0085

1.07840

1.06750

1.08170

1.06740

13:19

Q / C / O

Euro FX

Mar 12

+0.0091

1.30160

1.28850

1.30560

1.28800

13:19

Q / C / O

Australian Dollar

Mar 12

+0.0056

1.04650

1.04050

1.05080

1.03920

13:19

Q / C / O

Mexican Peso

Mar 12

+0.0002

0.075725

0.075500

0.076075

0.075375

13:18

Q / C / O

New Zealand Dollar

Mar 12

+0.0044

0.80730

0.80240

0.81130

0.80160

13:18

Q / C / O

South African Rand

Mar 12

+0.0000

0.124850

0.124850

0.124850

0.124850

07:31

Q / C / O

Brazilian Real

Mar 12

+0.0026

0.56645

0.56425

0.56645

0.56420

12:36

Q / C / O

British Pound (P)

Mar 12

+0.0033

1.5565

1.5565

1.5565

1.5565

07:20

Q / C / O

Canadian Dollar (P)

Mar 12

-0.0021

0.98500

0.00000

0.98710

0.98500

01/20/12

Q / C / O

Japanese Yen (P)

Mar 12

+0.0013

1.30110

1.30080

1.30110

1.30080

11:12

Q / C / O

Swiss Franc (P)

Mar 12

-0.0016

1.06990

0.00000

1.07150

1.06990

01/20/12

Q / C / O

Euro FX (P)

Mar 12

-0.0012

1.29250

0.00000

1.29370

1.29250

01/20/12

Q / C / O

Australian Dollar (P)

Mar 12

+0.0076

1.04090

1.03610

1.04090

1.03610

01/20/12

Q / C / O

Mexican Peso (P)

Mar 12

+0.0003

0.075450

0.000000

0.075450

0.075125

01/20/12

Q / C / O

New Zealand Dollar (P)

Mar 12

+0.0038

0.80290

0.79970

0.80350

0.79660

01/20/12

Q / C / O

South African Rand (P)

Mar 12

-0.0001

0.124800

0.000000

0.125025

0.124800

01/20/12

Q / C / O

Brazilian Real (P)

Mar 12

+0.0020

0.56585

0.00000

0.56585

0.56585

01/23/12

Energies

Futures Prices as of January 23 - 13:30 CST

Links

Contract

Month

Change

Last

Open

High

Low

Time

Q / C / O

Crude Oil

Mar 12

+1.44

99.77

98.34

100.24

97.40

13:19

Q / C / O

Heating Oil

Feb 12

+0.0296

3.0180

2.9986

3.0356

2.9902

13:19

Q / C / O

Gasoline RBOB

Feb 12

+0.0022

2.7866

2.7800

2.8142

2.7731

13:19

Q / C / O

Natural Gas

Feb 12

+0.171

2.514

2.270

2.576

2.231

13:19

Q / C / O

ICE Brent Crude Oil

Mar 12

+0.94

110.80

109.58

111.36

109.23

13:19

Q / C / O

Ethanol

Feb 12

+0.025

2.157

2.153

2.157

2.134

13:14

Financials

Futures Prices as of January 23 - 13:30 CST

Links

Contract

Month

Change

Last

Open

High

Low

Time

Q / C / O

T-Bond

Mar 12

-0-25

141-03

142-00

142-14

140-21

13:19

Q / C / O

Ultra T-Bond

Mar 12

-1-12

153-29

155-11

156-01

153-08

13:19

Q / C / O

10 Year T-Note

Mar 12

-0-100

129-305

130-110

130-180

129-260

13:19

Q / C / O

5 Year T-Note

Mar 12

-0-030

123-010

123-050

123-085

122-315

13:19

Q / C / O

2 Year T-Note

Mar 12

+0-002

110-100

110-097

110-110

110-097

13:19

Q / C / O

10-Year Swaps

Mar 12

-0-120

115-225

115-285

115-305

115-190

13:19

Q / C / O

5-Year Swaps

Mar 12

-0-045

113-025

113-110

113-110

113-025

13:02

Q / C / O

30 Day Fed Funds

Mar 12

unch

99.9100

99.9100

99.9150

99.9100

10:18

Q / C / O

Eurodollar

Mar 12

+0.0050

99.5000

99.4900

99.5100

99.4850

13:19

Q / C / O

T-Bond (P)

Mar 12

-0-25

141-03

141-09

141-09

141-03

09:27

Q / C / O

Ultra T-Bond (P)

Mar 12

-1-14

155-09

155-05

155-09

155-05

01/20/12

Q / C / O

10 Year T-Note (P)

Mar 12

-0-105

129-300

130-010

130-010

129-285

12:08

Q / C / O

5 Year T-Note (P)

Mar 12

-0-037

123-002

123-002

123-002

123-002

09:22

Q / C / O

2 Year T-Note (P)

Mar 12

-0-005

110-097

0-000

110-102

110-097

01/20/12

Q / C / O

10-Year Swaps (P)

Mar 12

-0-185

116-025

0-000

116-210

116-025

01/20/12

Q / C / O

5-Year Swaps (P)

Mar 12

-0-065

113-070

0-000

113-135

113-070

01/20/12

Q / C / O

30 Day Fed Funds (P)

Mar 12

unch

99.9100

0.0000

99.9100

99.9100

01/20/12

Q / C / O

Eurodollar (P)

Mar 12

+0.0100

99.5050

99.5050

99.5050

99.5000

08:42

Grains

Futures Prices as of January 23 - 13:30 CST

Links

Contract

Month

Change

Last

Open

High

Low

Time

Q / C / O

Wheat

Mar 12

+9-4

620-0

613-4

621-4

613-4

13:14

Q / C / O

Corn

Mar 12

+9-0

620-4

613-4

621-2

612-0

13:14

Q / C / O

Soybeans

Mar 12

+27-4

1214-4

1194-0

1219-0

1192-0

13:14

Q / C / O

Soybean Meal

Mar 12

+8.8

320.7

314.7

323.3

314.7

13:14

Q / C / O

Soybean Oil

Mar 12

+1.05

51.48

50.60

51.53

50.55

13:14

Q / C / O

Oats

Mar 12

+1-0

295-4

295-0

301-6

293-2

13:14

Q / C / O

Rough Rice

Mar 12

+0.145

14.680

14.555

14.850

14.500

13:14

Q / C / O

KCBT Wheat

Mar 12

+6-4

673-4

668-4

675-6

667-6

13:14

Q / C / O

Spring Wheat

Mar 12

+2-2

801-0

799-0

805-6

798-4

13:19

Q / C / O

Canola

Mar 12

+7.10

527.00

522.20

528.10

522.20

13:14

Q / C / O

Wheat (P)

Mar 12

+10-0

620-4

619-0

620-4

616-0

01/23/12

Q / C / O

Corn (P)

Mar 12

+8-0

619-4

620-0

620-4

612-0

01/23/12

Q / C / O

Soybeans (P)

Mar 12

+31-0

1218-0

1206-0

1218-4

1206-0

01/23/12

Q / C / O

Soybean Meal (P)

Mar 12

+9.3

321.2

319.5

323.0

319.5

01/23/12

Q / C / O

Soybean Oil (P)

Mar 12

+1.02

51.45

51.15

51.50

51.10

01/23/12

Q / C / O

Oats (P)

Mar 12

unch

294-4

0-0

294-4

294-4

01/23/12

Q / C / O

Rough Rice (P)

Mar 12

unch

14.535

14.730

14.730

14.535

01/23/12

Q / C / O

KCBT Wheat (P)

Mar 12

+6-4

673-4

673-0

674-0

667-6

01/23/12

Indices

Futures Prices as of January 23 - 13:30 CST

Links

Contract

Month

Change

Last

Open

High

Low

Time

Q / C / O

Mini S&P 500 Index

Mar 12

-1.25

1309.50

1307.50

1318.25

1305.00

13:19

Q / C / O

E-Mini Nasdaq

Mar 12

-2.25

2432.50

2430.00

2452.25

2420.75

13:19

Q / C / O

Mini-Sized Dow

Mar 12

-15

12639

12633

12709

12611

13:19

Q / C / O

E-Mini Russell 2000

Mar 12

-4.40

778.40

779.30

787.90

774.90

13:19

Q / C / O

E-Mini S&P Midcap

Mar 12

-2.70

926.20

925.70

936.20

921.60

13:19

Q / C / O

S&P 500 Index

Mar 12

-1.60

1309.20

1307.50

1318.00

1305.10

13:19

Q / C / O

Nasdaq 100

Mar 12

-14.75

2420.00

2427.50

2450.00

2420.00

13:02

Q / C / O

Dow Industrials

Mar 12

-9

12645

12660

12702

12620

13:07

Q / C / O

Dow Industrials (E)

Mar 12

+15

12669

12631

12688

12629

08:07

Q / C / O

E-Mini SmallCap 600

Mar 12

-0.90

435.40

437.10

437.10

434.00

11:34

Q / C / O

Continuous CRB Index

Feb 12

+2.00

578.00

0.00

578.00

578.00

01/20/12

Q / C / O

S&P 500 VIX

Feb 12

-0.05

21.80

21.85

22.10

21.40

13:19

Meats

Futures Prices as of January 23 - 13:30 CST

Links

Contract

Month

Change

Last

Open

High

Low

Time

Q / C / O

Live Cattle

Feb 12

+0.100

124.650

124.700

124.825

124.100

13:17

Q / C / O

Feeder Cattle

Mar 12

-0.025

153.825

154.300

154.575

153.000

13:19

Q / C / O

Lean Hogs

Feb 12

+1.200

86.525

85.750

86.675

85.675

13:19

Q / C / O

Class III Milk

Feb 12

-0.13

16.28

16.37

16.41

16.25

13:19

Q / C / O

Live Cattle (P)

Feb 12

+0.100

124.650

124.600

124.750

124.050

01/23/12

Q / C / O

Feeder Cattle (P)

Mar 12

-0.100

153.750

154.300

154.450

153.350

01/23/12

Q / C / O

Lean Hogs (P)

Feb 12

+1.175

86.500

85.800

86.700

85.800

01/23/12

Q / C / O

Class III Milk (P)

Feb 12

-0.13

16.28

0.00

16.41

16.28

01/23/12

Metals

Futures Prices as of January 23 - 13:30 CST

Links

Contract

Month

Change

Last

Open

High

Low

Time

Q / C / O

Gold

Feb 12

+12.9

1676.9

1665.2

1681.8

1663.0

13:19

Q / C / O

Silver

Mar 12

+0.635

32.310

32.105

32.775

31.790

13:19

Q / C / O

High Grade Copper

Mar 12

+0.0575

3.8025

3.7510

3.8135

3.7220

13:19

Q / C / O

Platinum

Apr 12

+33.7

1566.0

1538.0

1568.9

1527.6

13:18

Q / C / O

Palladium

Mar 12

+11.40

687.10

679.35

689.00

673.40

13:18

Q / C / O

Mini-Sized Gold

Feb 12

+13.3

1677.3

1664.2

1682.2

1663.7

13:18

Q / C / O

Mini-Sized Silver

Mar 12

+0.601

32.303

31.868

32.765

31.821

13:18

Softs

Futures Prices as of January 23 - 13:30 CST

Links

Contract

Month

Change

Last

Open

High

Low

Time

Q / C / O

Cotton #2

Mar 12

+0.76

99.36

98.39

99.44

98.06

13:19

Q / C / O

Orange Juice

Mar 12

+9.25

219.90

215.00

226.95

212.00

12:59

Q / C / O

Coffee

Mar 12

-5.40

220.00

223.90

225.00

217.85

13:12

Q / C / O

Sugar #11

Mar 12

-0.06

24.83

24.92

25.07

24.73

12:59

Q / C / O

Cocoa

Mar 12

+10

2269

2263

2297

2244

01/23/12

Q / C / O

Sugar #16

Mar 12

-0.13

34.08

34.21

34.25

33.91

01/23/12

Q / C / O

Lumber

Mar 12

+1.30

241.60

244.20

246.80

240.90

13:17

Currencies - Energies - Financials - Grains - Indices - Meats - Metals - Softs

 

 

 

 

Softs Markets --  Coffee futures---down 500 points

                            Sugar futures—up 3 points

                            Lumber futures--unchanged

                            Cotton Futures—up 30 points

                            Cocoa Futures—up 38 points

 

 Meat Futures-  Live Cattle Futures—down 30 points

                             Feeder Cattle Futures—down 90  points

                            Lean Hog Futures—up 90 points

 

 

 

 

 

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