Jump to navigation

Free Newsletter Modern Trader Follow

Main menu

  • Futures
    • Modern Trader Magazine
    • Commodities
    • Futures Mag Archives
    • ETFs
    • Financials
    • Forex
    • Managed Funds
    • Market Analysis
    • News
    • Options
    • Regulation
    • Technology
    • Trading Strategies
    • Education
    • Futures Op-Ed
  • Favorites
    • Alpha Pages Most Popular
    • Futures Magazine
    • Modern Trader Magazine
    • Most Popular
    • Slideshows & Lists
    • Special Topics
      • Alpha Hunters
      • Bad Boys
      • FINtech
      • High-Frequency Trading
      • Trader's Life
      • Trading Strategies
      • FUTURES MAG's 500th ISSUE
      • We asked traders
  • Traders
    • Market Data
    • Hot Charts
    • Interactive Charts
    • Trading Calendar
  • FINalternatives
  • Hard Assets
    • Home
    • Base Metals
    • Precious Metals
    • Rare Earth Metals
    • Commodities
    • Mining Investments
    • Slideshows
  • Modern Trader
    • Subscribe
    • Past Issues
  • All +
    • Follow Us +
      • FuturesMag
      • Newsletters
      • Facebook
      • Google+
      • Linkedin
      • Twitter
      • RSS Feeds
    • About Us +
      • About
      • Advertise
      • Contact
      • Contribute
      • Privacy Policy
  • !
Follow Futures          
       
more >>

We Asked Traders

We asked traders for their opinion on the launch of bitcoin futures

Sponsored Content

Trading

Equities.com launches unlimited trading via Tradier Brokerage, Transforming into a news & fintech portal

Featured Topics

more Commodities>>

Commodities

Energy demand steps back in play
Advertisement
more Volatility>>

Volatility

Volatility & opportunity in the energy sector
more Financials>>

Financials

Daily Price Action: E-mini S&P 500
more Options>>

Options

Trading Vertical Option Spreads

Advertisement

Markets digest Middle East cease-fire, fiscal cliff deadline

By John Caiazzo

November 26, 2012 • Reprints


Grains and Oilseeds: December corn closed at $7.45 ¼ per bushel, up 4 1/4c tied to a government report showing improved export demand. December wheat closed at $8.47 ¼ per bushel, up 2c tied also to the USDA report. March soybeans closed at $14.004 per bushel, up 6 3/4c after a government report showed increased demand for exports. We like “food” but would be inclined to limit purchases to call options for now bearing in mind recent wide price swings.

Meats: February cattle closed at $1.32725 per pound after touching an intra-session high of $1.32925, an all-time high for the most active contract. We favor the long side of cattle from here. December hogs closed at 82.475c per pound, up 72.5 points also on shortcovering and against the weak U.S. dollar. We prefer the sidelines until fresh fundamentals emerge but would hold long call positions in meats. 

Coffee, Cocoa and Sugar: December coffee closed at $1.42 per pound, down 2.8c while March closed at 19.14c per pound. The pressure in coffee was from reports of rising supplies in Brazil, the world’s biggest grower. Stay out for now. December cocoa closed at $2,574 per tonne, up $43 on continued shortcovering and new buying as well as the weak dollar. We could see continued buying against Barclays Capital expectations for a world cocoa production deficit and “firm demand.” March sugar closed at 19.19c per pound, down 45 points tied to producer selling. We prefer the sidelines until some sort of reversal or correction emerges and better fundamentals. Higher margin requirements set by the exchange also a factor in the selling pressure as the new margins are retroactive and must be met to hold positions.

Cotton: December cotton closed at 69.72c per pound, down 2.66c on continued long liquidation and waning Chinese demand. Selling pressure even against reduced expectation for planting acreage in favor of soybeans. We prefer the sidelines for now.

<<< previous
Page 2 of 2

About the Author

John has over 40 years experience at major U.S. Brokerage firms as Manager and Director of various International Divisions and is the founder of his own trading and brokerage firms. Over the years John has gained a wealth of knowledge and experience in all aspects of investments and trading. He was also a floor trader at the Commodity Exchange in New York. He formed Acuvest in 1999 and can be reached at futures@acuvest.com.

Related Articles
Energy demand steps back in play
Crude shoulder season blues
Crude corrects on production pop, but demand side is looming
Oil risk factors rise
Refiners work overtime as crude inventories drop
Previous
Natural gas tumbles most in 15 weeks on warmer December forecast
Next
HP investors sue over losses from alleged Autonomy fraud
Related Terms
commodities 3439Metals 3359crude oil 3328stocks 2123Congress 1894Grains 1192Treasuries 1007USDA 971food 887retail sales 850Soybeans 810Corn 753Obama 610Wheat 526Barclays Capital 264House of Representatives 162energy products 133Drought 97Indexes 68Hamas 68oil producing countries 26rain 11House of Representatives Boehner 1

Free Newsletter Modern Trader Follow

Main menu

  • Futures
    • Modern Trader Magazine
    • Commodities
    • Futures Mag Archives
    • ETFs
    • Financials
    • Forex
    • Managed Funds
    • Market Analysis
    • News
    • Options
    • Regulation
    • Technology
    • Trading Strategies
    • Education
    • Futures Op-Ed
  • Favorites
    • Alpha Pages Most Popular
    • Futures Magazine
    • Modern Trader Magazine
    • Most Popular
    • Slideshows & Lists
    • Special Topics
      • Alpha Hunters
      • Bad Boys
      • FINtech
      • High-Frequency Trading
      • Trader's Life
      • Trading Strategies
      • FUTURES MAG's 500th ISSUE
      • We asked traders
  • Traders
    • Market Data
    • Hot Charts
    • Interactive Charts
    • Trading Calendar
  • FINalternatives
  • Hard Assets
    • Home
    • Base Metals
    • Precious Metals
    • Rare Earth Metals
    • Commodities
    • Mining Investments
    • Slideshows
  • Modern Trader
    • Subscribe
    • Past Issues
  • All +
    • Follow Us +
      • FuturesMag
      • Newsletters
      • Facebook
      • Google+
      • Linkedin
      • Twitter
      • RSS Feeds
    • About Us +
      • About
      • Advertise
      • Contact
      • Contribute
      • Privacy Policy
  • !
images