The WASDE increased ending stocks to 903 million bushels for 2011-2012 corn, up from 851 previously. The USDA has the July Corn yield at 146.0 and cut demand over 1 billion bushels. It is important to note what the yield is as of July 1 for the USDA. One can make the argument that since… Read more.
In The News
US Crop weather, the June WASDE report and an ever changing picture in Europe will dominate the headlines this week in the grain and oilseed markets. The trading for the week will start out on a positive note, as European politicians were presented with a request from the Spanish Government for a bailout of approximately… Read more.
The corn trade has been incredibly complicated as of late. The situation is one that projects both the most bullish and bearish of set ups, simultaneously. So what is anyone involved in the grain trade supposed to do? What do we focus on going forward that will project prices higher or lower? If market participants… Read more.
Daniels Trading Senior Broker Scott Hoffman was quoted in The Wall Street Journal/WSJ.com article titled “Market Expects Long-Lasting Funding Stress.” “You had a bunch of [Treasury] auctions that had huge demand this week,” said Scott Hoffman, senior broker for Daniels Trading. “Everyone wants to be in the safest place possible, and at the moment,… Read more.
Daniels Trading Senior Market Strategist, Burton Schlichter, was quoted in the MarketWatch article titled “Gold ends slightly higher on Intel outlook, CPI data.” “Gold is struggling with $900 an ounce,” said Burton Schlichter, senior market strategist at Daniels Trading. “As long as it stays under this level, trading is going to remain quiet.”
Daniels Trading CEO, Andrew Daniels, was quoted in the Bloomberg article titled “Traders Put Cash Over Chicago Loyalty in Exchange Bid.” “The membership at the Board of Trade is more interested in valuation than the politics or nostalgia of Chicago- Chicago,” said Andy Daniels, chief executive officer of Daniels Trading Co. in Chicago, which trades… Read more.
Daniels Trading CEO, Andrew Daniels, was quoted in the Bloomberg article titled “Wheat Jumps 5% on Concern Farmers May Shift Acreage to Corn.” “The wheat’s already been planted, so the only way to shift acres would be to rip it out of the ground this spring,” said Andy Daniels, chief executive officer of Daniels Trading… Read more.
Daniels Trading Senior Broker Scott Hoffman was quoted in the Futures Magazine article titled “Full steam ahead for Nasdaq 100 e-mini.” Daniels Trading senior broker Scott Hoffman is bullish, noting that Cisco Systems Inc. had a “knock-out third quarter,” and because Cisco sells network infrastructure technologies, it acts as a bellwether for technology stocks, which… Read more.