Roasters are standing aside of the market in all areas as they wait for prices to fall even further, but prices in London were able to hold to small gains. Ideas are that the upside for the market remains very limited because of the Brazil harvest. Charts still suggest that futures are in down trends in all three for the short term. London continues to be the stronger market overall as Robusta supplies are relatively tight and demand remains relatively strong. However, this market appears to have completed a top on the charts and this is why the physical demand has fallen. Demand is showing for Central American supplies, but the qualities have been hard to find. Speculators remain short. Brazil coffee areas appear to be in good condition under generally good weather. Flowering is very good so far in Central America, and rains are falling. Differentials in all of Latin America remain strong and have been stable lately.
Saturday, June 16, 2012
Coffee futures lower on general selling
Roasters are standing aside of the market in all areas as they wait for prices to fall even further, but prices in London were able to hold to small gains. Ideas are that the upside for the market remains very limited because of the Brazil harvest. Charts still suggest that futures are in down trends in all three for the short term. London continues to be the stronger market overall as Robusta supplies are relatively tight and demand remains relatively strong. However, this market appears to have completed a top on the charts and this is why the physical demand has fallen. Demand is showing for Central American supplies, but the qualities have been hard to find. Speculators remain short. Brazil coffee areas appear to be in good condition under generally good weather. Flowering is very good so far in Central America, and rains are falling. Differentials in all of Latin America remain strong and have been stable lately.
Beef at retail priced 6% over last year
Wednesday’s 245 lower June cattle market on no news was the start of psychology turning negative as traders start to worry about business coming after Father’s Day.
Soybeans rise on demand gain from U.S. processors and importers
June 15 (Bloomberg) -- Soybeans rose for the first time in three days in Chicago on signs of stronger demand for supplies from domestic processors in the U.S., the world’s biggest grower, and from buyers overseas. U.S. processors crushed 138.3 million bushels of soybeans in May, up 5 percent from April and 15 percent more than a year earlier, the Washington-based National Oilseed Processors Association said yesterday. U.S. export sales totaled about 1 million metric tons of soybeans in the week ended June 7, double the prior week, the U.S. Department of Agriculture said.
HKEx to buy LME for $2.15 billion in first commodity venture
June 15 (Bloomberg) -- Hong Kong Exchanges & Clearing Ltd., host to the world’s fifth-largest equity market, agreed to pay 1.39 billion pounds ($2.15 billion) for the London Metal Exchange, which handles more than 80 percent of global trade in industrial-metal futures. LME investors will get 107.60 pounds per ordinary share in cash, with a vote scheduled before the end of next month, the bourses said today. The stock traded at 4.925 pounds in July 2011, before the LME said it was considering bids. JPMorgan Chase & Co., Goldman Sachs Group Inc. and closely held Metdist Ltd. are the biggest LME shareholders.
E-mini breakout portends volatility to come
Higher low major trend reversal, then higher high major trend reversal. Late bull breakout with huge volume so measured move up or down over next week
As Europe’s Currency Union Frays, Conspiracy Theories Fly
The euro was supposed to seal European integration and prosperity and assure that never again would the Continent begin a world war. Whether or not it manages to survive, the common currency has instead fostered anger, recession and resentment. Greeks and others see in this a German conspiracy. Germans see a conspiracy to force them to pay for the continuing sins of others. If this flies out of control, the world economy may well be the loser, regardless of whether any of those conspiracies actually existed.
Greece Elections Shaping Into Win-Win for Bulls: Pro Traders
The FMHR traders weigh in on this weekend's Greek elections and how to play the outcome, including the trade in commodities. CNBC's Bertha Coombs reports the latest details on the guilty verdict from the Gupta insider trading trial. Marko Papic, BCA Research, provides perspective on what to expect in the markets after the Greek elections.
Are Speculators 'Attacking' Spain and Italy?
It may be hard to tell, but a subtle shift is going on behind the scenes in Europe.
Both German Chancellor Angela Merkel and French President Francois Hollande have denounced “speculators” who are “unjustly attacking” Italy and Spain. Of course, politicians raging against speculators is nothing new. The demonization of "the Speculator" has been a running political gag for at least a century.
With Europe on edge, France and Germany squabble
BERLIN/PARIS, June 15 (Reuters) - Germany's Angela Merkel criticised France's economic performance on Friday in a war of words with its new Socialist president, Francois Hollande, over how to tackle Europe's deepening debt crisis ahead of a pivotal election in Greece.
The leader of the UK Independence Party calls for a euro breakup
The leader of the UK Independence Party calls for a euro breakup. Would the world be better off, with CNBC's Melissa Lee and the Money In Motion traders. Also, what to buy if Greece gets worse.
Currencies That Could Win in the Greek Election
Ready for the Greek election this Sunday? Here are the currencies to watch.
June 12, 2012 Current Commitments of Traders Charts
Based on CFTC weekly report.
(Weekly as of October 2000.)
14 Jun 11 - 12 Jun 12
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