Grains : corn, wheat, oats,soybeans, soybean meal&oil
- Creatore Discussione Fleursdumal
- Data di Inizio
Fleursdumal
फूल की बुराई
dall'uscita dell'ultimo USDA lunedì il wheat è finito in limit-up già due volte, nell'overnight di oggi già sù di 10 punti ergo molto facile lo raggiunga anche nell'orario canonico
stessa tattica di sempre : lo si vende in limit per farci la cresta in intraday
June 11, 2007
Early Yields Disappointing
The wheat market showed no sign of breaking down last week even as the weather improved, harvest loomed and corn and beans faltered. Normally, this time of year we see wheat prices buckle under the weight of harvest pressure, but it’s becoming apparent that this year’s harvest pressure won’t live up to it’s reputation.
When the rains finally abated the combines were quick to hit the fields, only to find disappointing yields and the feared loss of quality because of those rains. The frost from early April has again reared its ugly head as heads turn up empty, and the persistent rains throughout the growing season lent their hand to disease issues and flattened wheat, making harvest much more difficult. The rains also produced light test weights and lower protein for much of the early harvested wheat.
So, just when the wheat complex was readying itself for a round of price pressure, prices did just the opposite and pushed back to contract highs in the Kansas City futures, pulling Chicago and a very reluctant Minneapolis higher as well. Obviously, if yields continue to be disappointing, we can expect that prices will also continue to push higher.
Adding to the bullish enthusiasm was the continued stress on wheat crops in Ukraine and Russia. Even though rains have fallen in the Ukraine and are forecast for Russia, the crop is advancing quickly and the rains are coming too late for much of the crop. European prices have responded by pushing into new highs, adding an underlying level of support for US prices as well. The Ukraine Ag ministry revised their wheat production estimates to 15.3 MMT, down 2.4 MMT from their last estimate but still up 1.3 MMT over last year.
The Ukraine government did their best to confuse the market last week with conflicting announcements about exports. The previous week, they announced that they would lift the export ban and allow up to 400 TMT of exports during June and July. This week, they initially said that all exports would be banned because of the production problems, and then later in the week announced that they would still allow the old crop exports through June, but not for any new crop. Bottom line, old crop stocks can go, but not new crop.
India weighed in last week with some bullish news. After rejecting all bids just two weeks ago for 1 MMT tender because prices were too high, they announced that they would be importing up to 5 MMT from August through December to replenish government stocks. I guess it’s their prerogative to change their minds… With Ukraine and Russian wheat in jeopardy, they well could come to the market more aggressively and earlier than expected.
Demand has been robust to start the new marketing year, which began on June 1, with export sales off to their second best start in 11 years. The prospect of greatly reduced Black Sea exports has already stoked the export fires for the US, with importers nervously watching the drought in the CIS and the harvest problems in the US.
The crop report issued Monday morning contained few surprises, with total winter wheat production projected to be 1.61 billion bushels, just 6 million less than last month. Total wheat production was down by the same amount at 2.168 billion bushels. Exports were increased by 25 million in response to lower Ukraine and Russian production, which were each lowered by 3.5 MMT. Their exports were lowered 3 MMT and 2 MMT respectively. US wheat ending stocks were lowered by 26 million bushels, with world ending stocks down 1.3 MMT. Corn ending stocks were increased 50 million due to a drop in ‘06/07 exports by the same amount and soybean ending stocks were left unchanged.
stessa tattica di sempre : lo si vende in limit per farci la cresta in intraday
June 11, 2007
Early Yields Disappointing
The wheat market showed no sign of breaking down last week even as the weather improved, harvest loomed and corn and beans faltered. Normally, this time of year we see wheat prices buckle under the weight of harvest pressure, but it’s becoming apparent that this year’s harvest pressure won’t live up to it’s reputation.
When the rains finally abated the combines were quick to hit the fields, only to find disappointing yields and the feared loss of quality because of those rains. The frost from early April has again reared its ugly head as heads turn up empty, and the persistent rains throughout the growing season lent their hand to disease issues and flattened wheat, making harvest much more difficult. The rains also produced light test weights and lower protein for much of the early harvested wheat.
So, just when the wheat complex was readying itself for a round of price pressure, prices did just the opposite and pushed back to contract highs in the Kansas City futures, pulling Chicago and a very reluctant Minneapolis higher as well. Obviously, if yields continue to be disappointing, we can expect that prices will also continue to push higher.
Adding to the bullish enthusiasm was the continued stress on wheat crops in Ukraine and Russia. Even though rains have fallen in the Ukraine and are forecast for Russia, the crop is advancing quickly and the rains are coming too late for much of the crop. European prices have responded by pushing into new highs, adding an underlying level of support for US prices as well. The Ukraine Ag ministry revised their wheat production estimates to 15.3 MMT, down 2.4 MMT from their last estimate but still up 1.3 MMT over last year.
The Ukraine government did their best to confuse the market last week with conflicting announcements about exports. The previous week, they announced that they would lift the export ban and allow up to 400 TMT of exports during June and July. This week, they initially said that all exports would be banned because of the production problems, and then later in the week announced that they would still allow the old crop exports through June, but not for any new crop. Bottom line, old crop stocks can go, but not new crop.
India weighed in last week with some bullish news. After rejecting all bids just two weeks ago for 1 MMT tender because prices were too high, they announced that they would be importing up to 5 MMT from August through December to replenish government stocks. I guess it’s their prerogative to change their minds… With Ukraine and Russian wheat in jeopardy, they well could come to the market more aggressively and earlier than expected.
Demand has been robust to start the new marketing year, which began on June 1, with export sales off to their second best start in 11 years. The prospect of greatly reduced Black Sea exports has already stoked the export fires for the US, with importers nervously watching the drought in the CIS and the harvest problems in the US.
The crop report issued Monday morning contained few surprises, with total winter wheat production projected to be 1.61 billion bushels, just 6 million less than last month. Total wheat production was down by the same amount at 2.168 billion bushels. Exports were increased by 25 million in response to lower Ukraine and Russian production, which were each lowered by 3.5 MMT. Their exports were lowered 3 MMT and 2 MMT respectively. US wheat ending stocks were lowered by 26 million bushels, with world ending stocks down 1.3 MMT. Corn ending stocks were increased 50 million due to a drop in ‘06/07 exports by the same amount and soybean ending stocks were left unchanged.
giomf
Forumer storico
Chissà se mi verrà risposto . . stavolta non chiedo consigli . .
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Capisco che spiegare può essere lungo ... ma ... cos'è ..questa benedetta ...
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CHIEDO :
Spesso su una newsletter sulle MP. . ( GANN report sulle MP ) .. si parla di Natural Date ( per una certa MP )
. . . es : per la MP ... X... c'è l' effetto della Natural Date ...
. . per la MP . . si potrebbe aver .. un qualcosa alla Natural Dtae ... del ...xx/xx ....
. . . le MP . . candidate stavolta alla Natural Date . . sono .... x. . . x. . . x. ..
Capisco che spiegare può essere lungo ... ma ... cos'è ..questa benedetta ...
Natural Date . . . ??
Fleursdumal
फूल की बुराई
spread W-C : è tempo di iniziare a shortarlo sul dicembre con buona scorta di munizioni
June 25, 2007
Wheat Takes a Breather
The roller coaster ride continued last week in the grain complex, and wheat was no exception. After weeks of being the leader of price action for the grains, it handed the leadership over to corn and beans, which wasted no time in creating more volatility.
The wheat harvest is slowly rolling northward as weather allows, but yields and quality have remained disappointing as the harvest moves into central Kansas. Yields have been reported anywhere from 15 – 35 bushels/acre, with test weights as low as mid 40 pounds. There are numerous reports of elevators rejecting poor quality wheat as it doesn’t even quality for feed.
As the combines move into western Kansas, the latest fear had been that those fields had also suffered significantly, but early reports suggest very good yields and quality with some regions seeing record production. Maybe western Kansas will indeed be the saving grace of the central/southern plains’ wheat crop.
As we look further north, the crop gets much better. Most regions of the northern plains are having a stellar year for both winter and spring wheat. There has been some hail damage in regions of the northern plains but generally speaking, the crop looks very, very good.
And boy, does the US and world need it. The high quality winter and spring wheat typically grown in the north US is going to be in high demand for blending the poor quality wheat pouring in from the south. That task will fall mostly on the shoulders of the cash market, with basis and premiums/discounts handling the job of allocating the quality wheat while the futures market will be left the task of allocating the bushels.
On the rally over the last several weeks, we saw Minneapolis futures, which represent the high quality spring wheat, be a reluctant follower because of the great crop growing. But now as KC and Chicago have faltered and pulled back, Minneapolis has not retraced to near the degree of those other two markets as millers and other users scramble to secure supplies for blending the low quality winter wheat.
I would expect to see the wheat market continue its volatility, especially as we move through the rest of the plains’ harvest and also through the corn and bean growing season. It’s likely that we’ll still see some weather scares for those row crops and wheat will get caught in the frenzy. The northern plains harvest will likely add more pressure unless there are harvest problems; and obviously, if northern plains harvest problems arise, we’d likely see price shoot upward again.
It’s possible that we’ve seen seasonal highs with the harvest reaching into mid-Kansas where the last of the poor crop should be. The technical picture looks a little iffy as well with a potential double-top in the Chicago market. But with the supply tightness of wheat in general, it’s unlikely that wheat will fall apart any time soon. Sure, we’ll get profit taking and maybe some extended pullbacks, but the breaks are already well supported with end users, suggesting that demand is waiting in the shadows to jump on those pullbacks, and that will likely remain the case for most of this marketing year.
June 25, 2007
Wheat Takes a Breather
The roller coaster ride continued last week in the grain complex, and wheat was no exception. After weeks of being the leader of price action for the grains, it handed the leadership over to corn and beans, which wasted no time in creating more volatility.
The wheat harvest is slowly rolling northward as weather allows, but yields and quality have remained disappointing as the harvest moves into central Kansas. Yields have been reported anywhere from 15 – 35 bushels/acre, with test weights as low as mid 40 pounds. There are numerous reports of elevators rejecting poor quality wheat as it doesn’t even quality for feed.
As the combines move into western Kansas, the latest fear had been that those fields had also suffered significantly, but early reports suggest very good yields and quality with some regions seeing record production. Maybe western Kansas will indeed be the saving grace of the central/southern plains’ wheat crop.
As we look further north, the crop gets much better. Most regions of the northern plains are having a stellar year for both winter and spring wheat. There has been some hail damage in regions of the northern plains but generally speaking, the crop looks very, very good.
And boy, does the US and world need it. The high quality winter and spring wheat typically grown in the north US is going to be in high demand for blending the poor quality wheat pouring in from the south. That task will fall mostly on the shoulders of the cash market, with basis and premiums/discounts handling the job of allocating the quality wheat while the futures market will be left the task of allocating the bushels.
On the rally over the last several weeks, we saw Minneapolis futures, which represent the high quality spring wheat, be a reluctant follower because of the great crop growing. But now as KC and Chicago have faltered and pulled back, Minneapolis has not retraced to near the degree of those other two markets as millers and other users scramble to secure supplies for blending the low quality winter wheat.
I would expect to see the wheat market continue its volatility, especially as we move through the rest of the plains’ harvest and also through the corn and bean growing season. It’s likely that we’ll still see some weather scares for those row crops and wheat will get caught in the frenzy. The northern plains harvest will likely add more pressure unless there are harvest problems; and obviously, if northern plains harvest problems arise, we’d likely see price shoot upward again.
It’s possible that we’ve seen seasonal highs with the harvest reaching into mid-Kansas where the last of the poor crop should be. The technical picture looks a little iffy as well with a potential double-top in the Chicago market. But with the supply tightness of wheat in general, it’s unlikely that wheat will fall apart any time soon. Sure, we’ll get profit taking and maybe some extended pullbacks, but the breaks are already well supported with end users, suggesting that demand is waiting in the shadows to jump on those pullbacks, and that will likely remain the case for most of this marketing year.
Fleursdumal
फूल की बुराई
uscito la mappazza di dati , oggi si prevede una vola pazzesca in apertura con limit-up diffusi , persino sulla soya 
ci sarà da divertirsi con occhio a non bruciarsi le ciapett
in difensiva sugli spread
DJ CBOT Soy Outlook
harply Higher On Bullish USDA Acres Data
By Andrew Johnson Jr.
Of DOW JONES NEWSWIRES
CHICAGO (Dow Jones)--Chicago Board of Trade soybean futures are seen starting
Friday's day session sharply higher, buoyed by a bullishly perceived acreage
estimate from the U.S. Department of Agriculture.
CBOT soybean futures are called to start the session 25 to 50 cents higher.
The USDA acreage estimate is simply bullish, coming in well below trade
estimates, said Jack Scoville, analyst with Price Futures Group in Chicago.
Soybeans will be the driver of the market, with this lower-than-expected
acres figure the focal point, a trader said. Longer range outlooks for
tightening supplies and the need to rally prices to levels that will entice
South American producers to increase their plantings to make up for US acreage
declines will be magnified even greater now, he added.
End user and speculative buying should be featured as the market embraces the
prospects of a draw down in inventories with any weather threats heading toward
August expected to entice traders to significantly add risk premium to prices,
analysts said.
USDA reported 2007 soybean acreage at 64.081 million acres, down 15% from
2006's record high. The acreage figure is the lowest planted area since 1995,
with Illinois and Indiana showing the largest decrease in acreage from last
year, down 1.75 million and 1.35 million respectively.
The acres data is also down 3.059 million acres from the March intentions
estimate of 67.140 million, as well as below the average survey estimate of
67.838 million. The figure was also below the low end of trade estimates at 66
million acres.
Meanwhile, June 1 stocks in all positions were reported at a record 1.09
billion bushels, up 10% from June 1 2006. Indicated disappearance during the
March-May period was 696 million bushels, up 3% from last year.
A market technician said no serious chart damage has occurred from the recent
sell-off, but there is the specter of a bear flag or pennant forming on the
daily bar chart. The next upside price objective for November soybeans is
closing prices above solid technical resistance at $8.47 1/2, which would fill
on the upside last week's downside price gap on the daily bar chart. The next
downside price objective is closing prices below solid support at last week's
low of $8.25.
First resistance for November soybeans is seen at $8.47 1/2 and then at
$8.50. First support is seen at Thursday's low of $8.35 1/4 and then at $8.30.
The DTN Meteorlogix Weather Service forecast said hot weather early next week
in the western Midwest is not expected to last long enough to significantly
impact crops. However, the drying trend may continue for the central Minnesota
region. In the eastern Midwest, showers Thursday occurred north of where they
were expected to be in Ohio only. Recent shower activity has helped improve
conditions but more rain will still be needed. The next chance for scattered
thundershowers appears to be next Tuesday night or Wednesday. Only limited hot
weather is seen ahead of this chance, Meteorlogix reports.
In overseas markets, crude palm oil futures on the Bursa Malaysia Derivatives
ended higher Friday, boosted by strong gains in soyoil futures and expectations
of a recovery in exports in the coming weeks. The benchmark September contract
settled at MYR2,427 a metric ton, up MYR44 from Thursday.
On Singapore's Joint Asian Derivatives Exchange, CPO futures were higher,
with September up $10.75 at $700.25/ton.
Cash soybean prices in China's major producing regions were lower in the week
ended Friday on tumbling soybean futures prices at CBOT.
Soybean futures traded on the Dalian Commodity Exchange settled higher Friday
on a technical rebound but may resume their fall after consolidation. The
benchmark January 2008 soybean contract settled CNY17 higher at CNY3,229 a
metric ton.
ci sarà da divertirsi con occhio a non bruciarsi le ciapett in difensiva sugli spread
DJ CBOT Soy Outlook
harply Higher On Bullish USDA Acres DataBy Andrew Johnson Jr.
Of DOW JONES NEWSWIRES
CHICAGO (Dow Jones)--Chicago Board of Trade soybean futures are seen starting
Friday's day session sharply higher, buoyed by a bullishly perceived acreage
estimate from the U.S. Department of Agriculture.
CBOT soybean futures are called to start the session 25 to 50 cents higher.
The USDA acreage estimate is simply bullish, coming in well below trade
estimates, said Jack Scoville, analyst with Price Futures Group in Chicago.
Soybeans will be the driver of the market, with this lower-than-expected
acres figure the focal point, a trader said. Longer range outlooks for
tightening supplies and the need to rally prices to levels that will entice
South American producers to increase their plantings to make up for US acreage
declines will be magnified even greater now, he added.
End user and speculative buying should be featured as the market embraces the
prospects of a draw down in inventories with any weather threats heading toward
August expected to entice traders to significantly add risk premium to prices,
analysts said.
USDA reported 2007 soybean acreage at 64.081 million acres, down 15% from
2006's record high. The acreage figure is the lowest planted area since 1995,
with Illinois and Indiana showing the largest decrease in acreage from last
year, down 1.75 million and 1.35 million respectively.
The acres data is also down 3.059 million acres from the March intentions
estimate of 67.140 million, as well as below the average survey estimate of
67.838 million. The figure was also below the low end of trade estimates at 66
million acres.
Meanwhile, June 1 stocks in all positions were reported at a record 1.09
billion bushels, up 10% from June 1 2006. Indicated disappearance during the
March-May period was 696 million bushels, up 3% from last year.
A market technician said no serious chart damage has occurred from the recent
sell-off, but there is the specter of a bear flag or pennant forming on the
daily bar chart. The next upside price objective for November soybeans is
closing prices above solid technical resistance at $8.47 1/2, which would fill
on the upside last week's downside price gap on the daily bar chart. The next
downside price objective is closing prices below solid support at last week's
low of $8.25.
First resistance for November soybeans is seen at $8.47 1/2 and then at
$8.50. First support is seen at Thursday's low of $8.35 1/4 and then at $8.30.
The DTN Meteorlogix Weather Service forecast said hot weather early next week
in the western Midwest is not expected to last long enough to significantly
impact crops. However, the drying trend may continue for the central Minnesota
region. In the eastern Midwest, showers Thursday occurred north of where they
were expected to be in Ohio only. Recent shower activity has helped improve
conditions but more rain will still be needed. The next chance for scattered
thundershowers appears to be next Tuesday night or Wednesday. Only limited hot
weather is seen ahead of this chance, Meteorlogix reports.
In overseas markets, crude palm oil futures on the Bursa Malaysia Derivatives
ended higher Friday, boosted by strong gains in soyoil futures and expectations
of a recovery in exports in the coming weeks. The benchmark September contract
settled at MYR2,427 a metric ton, up MYR44 from Thursday.
On Singapore's Joint Asian Derivatives Exchange, CPO futures were higher,
with September up $10.75 at $700.25/ton.
Cash soybean prices in China's major producing regions were lower in the week
ended Friday on tumbling soybean futures prices at CBOT.
Soybean futures traded on the Dalian Commodity Exchange settled higher Friday
on a technical rebound but may resume their fall after consolidation. The
benchmark January 2008 soybean contract settled CNY17 higher at CNY3,229 a
metric ton.
Fleursdumal
फूल की बुराई
DJ US Wheat Outlook: 15-20c Up On Spillover, Follow-Through
By Tom Polansek
Of DOW JONES NEWSWIRES
CHICAGO (Dow Jones)-U.S. wheat futures are called to open Friday's day
session 15-20c cents higher on follow-through from the overnight, spillover
support and continued concerns about production problems, floor traders said.
Wheat futures made strong gains overnight ahead of the release of the U.S.
Department of Agriculture's June acreage and quarterly stocks reports. Chicago
Board of Trade July wheat ended 11 cents higher at $6.20 per bushel in e-cbot
trading, while CBOT September wheat closed 14 3/4 cents higher at $6.38 1/2.
Euronext.liffe wheat futures also rose sharply early Friday to reach new
multi-year highs. Paris-based November milling wheat was up EUR4 or 2.2% at
EUR185 a metric ton, with 1,185 lots traded, as of 0952 GMT. EUR185/ton is a
new all-time high in the second month chart and well above the previous high
set Thursday of EUR181.75/ton.
The USDA acreage report was largely neutral for wheat but "extremely bullish"
for soybeans, traders said. Wheat should feel some borrowed strength from the
soybean market, they said.
The USDA estimated spring wheat plantings at 13.144 million acres, below the
average pre-report analyst estimate of 13.835 million and the agency's March
estimate of 13.808 million. In 2006, spring wheat was seeded on 14.899 million
acres.
The lower-than-expected spring wheat acreage number is friendly for Wheat
futures, but an increase in estimated all-wheat acreage is negative, a CBOT
floor broker said. The USDA put all wheat acres at 60.505 million, above the
average analyst estimate of 60.35 million and the agency's March estimate of
60.303 million.
U.S. wheat markets should trade data from the report "for about five seconds"
before refocusing their attention on weather problems in growing areas around
the world, a CBOT floor broker said. Hard red winter wheat in the U.S. Southern
Plains is being pounded with too much rain, while Ukraine is too dry, he said.
"There are still bullish fundamentals at work supporting the wheat market,
including tightening world supplies and too much rain hampering the U.S. HRW
harvest," a technical analyst said.
Southeast Kansas, Oklahoma outside of the panhandle and north-central Texas
should stay in an extremely wet weather pattern, DTN Meteorlogix said.
In the Northern Plains, dryness and some hot weather may increase stress to
spring wheat areas in Montana and South Dakota, Meteorlogix said. However, the
North Dakota region and northern Minnesota will not be hot enough or dry enough
to cause significant stress and may even benefit from the warm, dry pattern,
the weather firm said.
The wheat in West Australia will benefit from shower activity during the
weekend and Monday, Meteorlogix said. After Monday it looks to go drier again.
In Argentina, however, dry weather continues to slow planting and emergence of
the crop, especially through the southwest.
The USDA estimated U.S. wheat stocks as of June 1 at 456 million bushels,
above the average analyst estimate of 422 million. The USDA's March 1 estimate
for quarterly wheat stocks was 856 million and the June 1, 2006 estimate was
571 million.
Wheat bulls still have strong upside technical momentum and are looking for
more on the upside in the near term, the technical analyst said. Their next
upside price objective is to close CBOT December wheat above resistance at the
contract high of $6.46. The next downside price objective for the bears is
closing prices below psychological support at $6.00.
First resistance is seen at Thursday's high of $6.38 and then at $6.46. First
support lies at Thursday's low of $6.29 1/2 and then at $6.25.
At the Kansas City Board of Trade, bulls' next upside price objective is
closing December wheat above solid resistance at the contract high of $6.31,
the analyst said. The bears' next downside objective is closing prices below
solid support at $6.00 a bushel.
First resistance is seen at Thursday's high of $6.26 and then at $6.31. First
support is seen at Thursday's low of $6.18 and then at $6.10.
In other news, the Canadian Wheat Board has raised its monthly price
projections for most grades of wheat and durum that will be sold during the
upcoming 2007-08 crop year, which begins Aug. 1. World weather conditions
during the past month along with tight global supplies have created significant
price support, the CWB said.
By Tom Polansek
Of DOW JONES NEWSWIRES
CHICAGO (Dow Jones)-U.S. wheat futures are called to open Friday's day
session 15-20c cents higher on follow-through from the overnight, spillover
support and continued concerns about production problems, floor traders said.
Wheat futures made strong gains overnight ahead of the release of the U.S.
Department of Agriculture's June acreage and quarterly stocks reports. Chicago
Board of Trade July wheat ended 11 cents higher at $6.20 per bushel in e-cbot
trading, while CBOT September wheat closed 14 3/4 cents higher at $6.38 1/2.
Euronext.liffe wheat futures also rose sharply early Friday to reach new
multi-year highs. Paris-based November milling wheat was up EUR4 or 2.2% at
EUR185 a metric ton, with 1,185 lots traded, as of 0952 GMT. EUR185/ton is a
new all-time high in the second month chart and well above the previous high
set Thursday of EUR181.75/ton.
The USDA acreage report was largely neutral for wheat but "extremely bullish"
for soybeans, traders said. Wheat should feel some borrowed strength from the
soybean market, they said.
The USDA estimated spring wheat plantings at 13.144 million acres, below the
average pre-report analyst estimate of 13.835 million and the agency's March
estimate of 13.808 million. In 2006, spring wheat was seeded on 14.899 million
acres.
The lower-than-expected spring wheat acreage number is friendly for Wheat
futures, but an increase in estimated all-wheat acreage is negative, a CBOT
floor broker said. The USDA put all wheat acres at 60.505 million, above the
average analyst estimate of 60.35 million and the agency's March estimate of
60.303 million.
U.S. wheat markets should trade data from the report "for about five seconds"
before refocusing their attention on weather problems in growing areas around
the world, a CBOT floor broker said. Hard red winter wheat in the U.S. Southern
Plains is being pounded with too much rain, while Ukraine is too dry, he said.
"There are still bullish fundamentals at work supporting the wheat market,
including tightening world supplies and too much rain hampering the U.S. HRW
harvest," a technical analyst said.
Southeast Kansas, Oklahoma outside of the panhandle and north-central Texas
should stay in an extremely wet weather pattern, DTN Meteorlogix said.
In the Northern Plains, dryness and some hot weather may increase stress to
spring wheat areas in Montana and South Dakota, Meteorlogix said. However, the
North Dakota region and northern Minnesota will not be hot enough or dry enough
to cause significant stress and may even benefit from the warm, dry pattern,
the weather firm said.
The wheat in West Australia will benefit from shower activity during the
weekend and Monday, Meteorlogix said. After Monday it looks to go drier again.
In Argentina, however, dry weather continues to slow planting and emergence of
the crop, especially through the southwest.
The USDA estimated U.S. wheat stocks as of June 1 at 456 million bushels,
above the average analyst estimate of 422 million. The USDA's March 1 estimate
for quarterly wheat stocks was 856 million and the June 1, 2006 estimate was
571 million.
Wheat bulls still have strong upside technical momentum and are looking for
more on the upside in the near term, the technical analyst said. Their next
upside price objective is to close CBOT December wheat above resistance at the
contract high of $6.46. The next downside price objective for the bears is
closing prices below psychological support at $6.00.
First resistance is seen at Thursday's high of $6.38 and then at $6.46. First
support lies at Thursday's low of $6.29 1/2 and then at $6.25.
At the Kansas City Board of Trade, bulls' next upside price objective is
closing December wheat above solid resistance at the contract high of $6.31,
the analyst said. The bears' next downside objective is closing prices below
solid support at $6.00 a bushel.
First resistance is seen at Thursday's high of $6.26 and then at $6.31. First
support is seen at Thursday's low of $6.18 and then at $6.10.
In other news, the Canadian Wheat Board has raised its monthly price
projections for most grades of wheat and durum that will be sold during the
upcoming 2007-08 crop year, which begins Aug. 1. World weather conditions
during the past month along with tight global supplies have created significant
price support, the CWB said.
Fleursdumal
फूल की बुराई
what a day!! 
prima ora da farsela letteralmente sotto soya in limit up con contratti sul x07 in danaro che son arrivati addirittura a 100k , wheat quasi in limit up col corn sotto di 10-15 
e naturalmente dentro su tutto short su tutte le scadenze e long su qualche spreadintramarket con pietra miliare short spread W-C che è arrivato sino a 300 
dopo un'oretta arrivano i nostri
oh dear ad aver la giusta capitalizzazione si faceva il botto grosso e si spaccava tutto , wheat da limit up a limit down sul finale, soya ritraccio di 15 ( lo soya a sti livelli è una cosa pazzesca e ancora deve iniziare il weather trading sul raccolto) , W-C rientrato alla grande
veciooooo sei stato dentro?
prima ora da farsela letteralmente sotto soya in limit up con contratti sul x07 in danaro che son arrivati addirittura a 100k , wheat quasi in limit up col corn sotto di 10-15 e naturalmente dentro su tutto short su tutte le scadenze e long su qualche spreadintramarket con pietra miliare short spread W-C che è arrivato sino a 300 dopo un'oretta arrivano i nostri
oh dear ad aver la giusta capitalizzazione si faceva il botto grosso e si spaccava tutto , wheat da limit up a limit down sul finale, soya ritraccio di 15 ( lo soya a sti livelli è una cosa pazzesca e ancora deve iniziare il weather trading sul raccolto) , W-C rientrato alla grande veciooooo sei stato dentro?
Fleursdumal
फूल की बुराई
link al fondamentale studio sulla soya del mitico alpin 
http://www.investireoggi.it/forum/commodities-solo-per-pochi-pazzi-vt12236-1060.html
lo short sul nov resta una mossa da giocarsi , se si è insicuri ci si copre con lo spread nuovo-vecchio raccolto 08
W-C in stand-by su 270-275
http://www.investireoggi.it/forum/commodities-solo-per-pochi-pazzi-vt12236-1060.html
lo short sul nov resta una mossa da giocarsi , se si è insicuri ci si copre con lo spread nuovo-vecchio raccolto 08
W-C in stand-by su 270-275
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