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News from The ROBERT | CHARLES Group for investing in the futures and futures options markets. Futures trading is risky. Our goal is to take the risk out of a high risk business. Keep your comments clean and respect others' opinions. Profanity and insults are not acceptable. THE RISK OF LOSS IN TRADING COMMODITY INTERESTS CAN BE SUBSTANTIAL. IN CONSIDERING WHETHER TO TRADE OR TO AUTHORIZE SOMEONE ELSE TO TRADE FOR YOU, YOU SHOULD READ AND BE AWARE OF THE RISKS, DISCLOSURES, AND OTHER INFORMATION SET FORTH BELOW. *

Sunday, March 18, 2012

March 15, 2012 Motion Regarding First Interim Distribution

March 15, 2012 Motion Regarding First Interim Distribution - Google Docs

Motion by the Trustee for the liquidation of MF Global Inc. for additional distributions to former MF Global Inc. commodities futures customers and for a first distribution to former MF Global Inc. commodities futures customers who traded on foreign exchanges.

March 15, 2012 Trustee Statement Regarding First Interim Distribution Motion

March 15, 2012 Trustee Statement Regarding First Interim Distribution Motion - Google Docs

James W. Giddens, the Trustee for the liquidation of MF Global Inc., today filed a motion with the United States Bankruptcy Court for the Southern District of New York seeking authority for additional distributions to former MF Global Inc. commodities futures customers who traded on US exchanges, and for a first distribution to former MF Global Inc. commodities futures customers who traded on foreign exchanges.

Gasoline futures no 2-way street

Gas futures no 2-way street - NYPOST.com

Dear John: I recommend you explain to your readers, including me, why speculators couldn’t drive gasoline prices downward by taking short positions as easily as driving it up through long positions.  Why would they have a preference for driving it up?  And if the speculators did drive the futures price of gasoline upward, wouldn’t it create a disparity between the futures price and the price in the cash market? At this point, real sellers would enter orders to sell in the futures market and then, though it is unusual, actually deliver gasoline to close out the trades.  This way, they’d get higher prices for their gasoline than those available in the cash market. This would drive down the futures price. D.W.

AUD/USD Forecast

AUD/USD Forecast March 19, 2012, Technical Analysis » Fx Empire Network



The AUD/USD pair rose again on Friday to break above the Thursday highs we said would be our buy signal. The Aussie has enjoyed a lot of strength over the last several months, and this latest pullback seems to have simply been an opportunity to buy the Aussie on the cheap. With the commodity trade and the higher yields propelling the Aussie over the last several months, this has been a great trade since December of last year.

Planet Getting Too Hot for Chocolate?

Planet Getting Too Hot for Chocolate? Study Finds Climate Change Could Threaten Cocoa Farmers : TreeHugger

The world's cocoa supply could be in danger from climate change, according to a new study from the International Center for Tropical Agriculture (CIAT), which says that prices are likely to skyrocket if preventative measures aren't taken.

How Much Of Our Chocolate Is Tainted By Slavery?

Quiz: How Much Of Our Chocolate Is Tainted By Slavery? : TreeHugger

A billion dollars of chocolate is sold for Valentines Day, much of that by Hershey's and Mars. They buy it through dealers like Archer Daniels Midland and Cargills, who buy it from equatorial cocoa growing countries. A big chunk of it comes from the Ivory Coast, where as many as 284,000 children are trafficked and enslaved to pick the crop.

What’s next for corn and soybeans?

Now that March WASDE has past, what’s next for corn and soybeans?

Last week May Corn opened at 654 and closed the week at 645. The week low came in at 631¾. Technically the market is in no trend with ADX at 17. Corn has been in a range since late-January between 660-630. MACD is just below the signal line with no divergence, and Stocahstics are mid-range and are now pointing up.

Saudi oil tanker bookings up

Saudi Arabia books most oil tankers to supply U.S. in years

March 16 (Bloomberg) -- Saudi Arabia, the world’s biggest oil exporter, is booking the most tankers in years to supply the U.S., a sign the kingdom is fulfilling a pledge to compensate for a decline in Iranian sales, according to Dahlman Rose & Co.

Copper, gold outlooks cut

UPDATE 1-Freeport cuts copper, gold outlooks after strike | Reuters

March 15 (Reuters) - Freeport-McMoRan Copper & Gold Inc lowered its copper and gold sales outlooks for the first quarter following labor-related problems at its Grasberg mine in Indonesia and said the mine would not return to full production until the second quarter.

Global outlook confuses commodities

Commodity prices diverge on mixed global outlook - The News


Brent crude futures slumped by four dollars a barrel on Thursday following a report, later denied, that the United States and Britain had agreed to supply the market with crude reserves.  The White House confirmed the issue was discussed by US President Barack Obama and British Prime Minister David Cameron, but denied that there was a pact.  “Oil has been rebounding since that denial,” Victor Shum, an analyst at Purvin and Gertz energy consultants, told AFP.  The week’s trading also saw investors weigh concerns over Middle East supply disruptions and a surge in US crude oil stockpiles.

Pay dirt: Farmers and carbon

Pay dirt: farmers aim to restore carbon balance and harvest rewards

THE soil of the state's central west has long offered opportunities to farmers like Sam Stranger, who has planted wheat and canola in it and raised sheep on its grass.  But now the dirt itself is offering new possibilities due to a state government-backed pilot carbon sequestration program in which farmers will be paid to store carbon in their land.

Daily Treasury Yield Curve Rates

Daily Treasury Yield Curve Rates - Friday Mar 16, 2012

XML These data are also available in XML format by clicking on the XML icon.

Date1 mo3 mo6 mo1 yr2 yr3 yr5 yr7 yr10 yr20 yr30 yr
03/01/120.070.080.130.180.300.430.891.442.032.803.15
03/02/120.060.070.120.170.280.410.841.381.992.773.11
03/05/120.070.080.140.170.310.430.871.402.002.783.13
03/06/120.060.080.130.170.300.400.831.351.962.733.08
03/07/120.060.080.140.180.300.420.851.371.982.763.12
03/08/120.070.080.140.180.320.440.891.412.032.823.18
03/09/120.060.090.130.180.330.460.901.432.042.833.19
03/12/120.050.090.150.180.330.470.921.432.042.823.17
03/13/120.060.080.150.200.350.510.991.522.142.923.26
03/14/120.080.090.150.210.400.601.131.692.293.083.43
03/15/120.080.080.150.210.370.561.111.672.293.083.41
03/16/120.070.090.150.210.370.571.131.702.313.083.41
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