Top Managed Futures News, Listings, Member Posts, Managed Futures Daily Indices and more!

3yrs ago Managed Futures blog.pricegroup Views: 3.4k

NOV BEANS

-

It’s one thing to rally $1.40 (865-1005) since the Aug WADSE Report but quite another to do so without correcting! In front of the Sept WADSE, we thought sure they’d be some profit-taking – and then after the neutral report, for sure,  the mkt had every excuse to correct but it didn’t happen – in either instance! The mkt has been energized by massive, almost daily Chinese buying and expected shrinkage in bean yields (USDA-51.9)! The Bears say this buying can’t continue and that the looming big harvest will blunt the current, near vertical rally – but the mkts inability to correct speaks volumes about its  latent strength!

DEC CORN

-

Much like Nov Beans, Dec Corn has had an uninterrupted upside ride (320-370) with the added plus of leaving an unfilled 3 cent gap on 8/24/20 – a very bullish indicator! Supportive fundamentals include flooding in China’s corn belt -threatening to sharply reduce their crop & stellar exports from China! Also, a weak dollar has made the US very competitive in the world mkt – finally the crop is shrinking from earlier record estimates – production – 14,900 (15,278) & yield 178.5 (181.8) – due to the “flash drought”! What’s ahead is US Harvest & SA planting – and weather issues in either hemisphere could further reduce global supply! Historically, corn prices are still within shouting distance of 10 year lows!

DEC WHEAT

-

The last two mkt days have been a little give-and-take – with the mkt losing about 5 cents off the Friday WADSE REPORT as World Ending Stocks came in at a record 319 (316) mmt but today Dec Wht gained that back – following Russian Wht higher! Overall the contract will need spillover support from corn & beans to advance higher.

OCT CATTLE

-

                Oct Cat has been locked in a tight range – with lower beef & cash prices & a bulky premium exerting pressure on prices but the resurgent Oct Hog mkt lending spill-oversupport!  The mkt will need a resumption of the pre-Labor Day demand in the form of restaurants re-opening – to sustain a new rally from here!

OCT HOGS

-

As you can see from the above chart, Oct Hogs have been on a real roller-coaster ride – sparked by the discovery of Asian Swine Flu in Germany! Immediately, South Korea & China suspended imports from the Germans – feeding speculation that the US would be the beneficiary of more exports! In the process, the contract jumped $7 (61-68) in a series of limit moves – but got ahead of itself backing off today several dollars!  Still China remains a huge buyer of our pork and this will resume hog’s uptrend!

 

 


Today's Managed Futures Headlines:

Log In for More
Access Over 250K+ Industry Headlines, Posts and Updates
Not a member yet?

Join AlphaMaven

The Premier Alternative Investment
Research and Due Diligence Platform for Investors

Free Membership for Qualified Investors and Industry Participants
  • Easily Customize Content to Match Your Investment Preferences
  • Breaking News 24/7/365
  • Daily Newsletter & Indices
  • Alternative Investment Listings & LeaderBoards
  • Industry Research, Due Diligence, Videos, Webinars, Events, Press Releases, Market Commentary, Newsletters, Fact Sheets, Presentations, Investment Mandates, Video PitchBooks & More!
  • Company Directory
  • Contact Directory
  • Member Posts & Publications
  • Alpha University Video Series to Expand Investor Knowledge
  • AUM Accelerator Program (designed for investment managers)
  • Over 450K+ Industry Headlines, Posts and Updates
ALL ALPHAMAVEN CONTENT IS FOR INFORMATIONAL PURPOSES ONLY. CONTENT POSTED BY MEMBERS DOES NOT NECESSARILY REFLECT THE OPINION OR BELIEFS OF ALPHAMAVEN AND HAS NOT ALWAYS BEEN INDEPENDENTLY VERIFIED BY ALPHAMAVEN. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. THIS IS NOT A SOLICITATION FOR INVESTMENT. THE MATERIAL PROVIDED HEREIN IS FOR INFORMATIONAL PURPOSES ONLY. IT DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY ANY INTERESTS OF ANY FUND OR ANY OTHER SECURITIES. ANY SUCH OFFERINGS CAN BE MADE ONLY IN ACCORDANCE WITH THE TERMS AND CONDITIONS SET FORTH IN THE INVESTMENT'S PRIVATE PLACEMENT MEMORANDUM. PRIOR TO INVESTING, INVESTORS ARE STRONGLY URGED TO REVIEW CAREFULLY THE PRIVATE PLACEMENT MEMORANDUM (INCLUDING THE RISK FACTORS DESCRIBED THEREIN), THE LIMITED PARTNERSHIP AGREEMENT AND THE SUBSCRIPTION DOCUMENTS, TO ASK SUCH QUESTIONS OF THE INVESTMENT MANAGER AS THEY DEEM APPROPRIATE, AND TO DISCUSS ANY PROSPECTIVE INVESTMENT IN THE FUND WITH THEIR LEGAL AND TAX ADVISERS IN ORDER TO MAKE AN INDEPENDENT DETERMINATION OF THE SUITABILITY AND CONSEQUENCES OF AN INVESTMENT.