Market Comments for 7/29/10…4:00pm...The
market rallied again today on the talk that Ukraine may restrict exports along
with Russia, the corn wheat and meal markets are all catching support from the
ideas the EU feed consumer is short protein needs. Weather forecasts at noon
were a bit warmer and drier. Look for steady to firmer
early trade tonight.
News
…Futures and Option Fund Position for the close of
7/29 (daily change);
C +127,900 (+9,000), B +82,200 (+5,000), W +7,800 (+8,000),
M +58,500 (+2,000), BO -19,500 (+4,000).
…Weekly export sales
(estimates): W 919,000 (300-400), C 432.3 old/528.1 new (800-1,000), S 339
old/1,144 new (900-1,050), SM 23.8 old/43 new (75-150) and BO 3.2 old/4.3 new (40-50).
…CIF corn was
weaker, beans flat in the nearby, firmer deferred.
…Foreign stock
indexes; Australia -0.13%, China +0.55%, Hong Kong +0.01%, Japan -0.59%,
Germany -0.72%, UK -0.11%.
…Outside markets;
crude oil +$1.26, gold +$7.70, euro +100, euro/yen cross +23, dollar index -5.70,
S&P -5.10, Dow -39.
Basis
and Freight Table 7/29/10 4:00pm---Daily Change
|
Market |
CIF C Aug |
CIF B FHAug |
Dec C |
Dec B |
IR |
StL |
OR |
|
|
Value |
27/32u |
80/90q |
-6u |
+65x |
385/395 |
310/330 |
390/400 |
|
|
Change |
-3 |
- |
- |
- |
+5 |
- |
- |
|
Five day precip forecast by the NWS
See the USDA maps for major world crop areas here
Climate tables for the Midwest.
Trading commodity futures and options involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. Opinions, market data, and recommendations are subject to change at any time. The information contained on this Web site does not constitute a solicitation to buy or sell by O'Bryan Commodities, Inc..
