Futures and Option Fund Position for the close of 3/09 (daily
change) C +28,800 (-7,000), B -15,100 (-2,000), W -64,700
(-3,000), M +18,000 (0), BO +12,500 (-1,000)
Overnight Volume---c 17,923, b 5,367, w 1,813, m 2,610, oil 3,088, oats
36, Total 30,837.
Argentina
Showers
occurred in La Pampa and far western Buenos Aires yesterday. Amounts were 0.10
to 1.25?, with coverage of 15% for corn and 10% for soybeans. Showers will
favor Buenos Aires today, with dry weather expected tomorrow. Showers will
develop in northern Cordoba, northern Santa Fe, and far northern growing areas
on Thursday and Friday. Amounts will be 0.25 to 1.25?, with coverage of 30% for
corn and soybeans through Saturday.
Brazil:
Showers occurred in northern MatoGrosso, northern Goias, far northern Minas Gerais,
and western Bahia yesterday. Amounts were 0.25 to 1.0?, locally 2.0?, with
coverage of 20% for corn and soybeans (35% coverage of northern states).
- The heaviest showers will
favor northern and western MatoGrosso,
far northern Goias, southern Bahia, and northern
Minas
Gerais this week. Light showers will be
possible along the east coast of Brazil. Amounts will be 0.25 to 1.5?, locally
3.0?, with
coverage of 50% for corn and soybeans
through Saturday (65% coverage on northern states).
Quote
of the Day: ?The difference between failure and success is doing a thing nearly right
and doing a thing exactly right.?
Historic Fund Positions
Max Long
Date
Max Short
Date
Corn
333,156 (322,851)
01/23/07 (01/16/07)
-114,265(-114,037)
2/8/05 (2/1/05)
Bean
137,780 (134,912)
12/11/07 (7/20/07)
-78,161 (-75,759)
2/8/05 (2/1/05)
Wheat
39,021 (35,443)
4/09/04 (1/23/04)
-74,767 (-69,122)
2/09/10 (09/08/09)
Meal
77,636(74,253)
12/11/07(12/04/07)
-43,052 (-33,531)
2/8/05 (2/1/05)
Oil
82,078 (77,816)
2/20/04 (2/13/04)
-41,260 (-38,849)
7/21/09 (7/27/99)
Oats
7,396 (7,014)
6/19/07(7/21/06)
-2,363
3/16/99
Market Comments for 3/9/10…3:00pm...Look
for two sided trade tonight awaiting the USDA S&D report tomorrow morning.
Markets were lower on outside market weakness, larger South American crop
production estimates, favorable forecasts of spring weather and dwindling
export demand out of the US.
News
…Funds sold 3,000
wheat, 7,000 corn, 2,000 beans, 1,000 oil and even meal.
…Late CIF was steady
to slightly better for beans and corn.
…The bio-diesel tax credit was suppose to be voted on today
in the jobs bill before the Senate.
…USDA monthly S&D
tomorrow morning.
…World Equities: Australia
+0.20%, China +0.52%, Hong Kong +0.05%, Japan -0.17%, Germany +0.17%, England
-0.08%.
…Outside markets:
crude -$0.58, gold -$3.70, euro +30, euro/yen cross -76, dollar index +10.00,
S&P +3.00, Dow +20.
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..