U.S. stock index futures retreated and the dollar and yen gained, as investors ran for cover in the wake of the ongoing foreclosure drama that's roiling the U.S. The problem is, at best, sloppy paperwork and corner-cutting by major banks in hundreds of thousands of foreclosures. At worst, it represents a catastrophic breach of trust… Read more.
A broad range of commodity futures gained in value on Thursday, as investors bet that the Federal Reserve would continue working to weaken the dollar and boost inflation expectations. That strategy appears to be working, at least in part – precious metals, grains, base metals and crude all rose on futures markets. Silver led the… Read more.
For many traders, the Psychology of Trading can be the greatest hurdle they need to overcome in order to be successful. At Daniels Trading, one of our primary goals is to help self-directed online and broker assisted traders overcome this common issue, and get them on their way to achieving the results they are looking… Read more.
In a move that's sure to shake up the markets in grains and biofuels, the Obama administration will increase the amount of ethanol allowed in gasoline by 5 percent. The previous maximum concentration was 10 percent; the Environmental Protection Agency will now allow 15 percent. Since ethanol in the United States is largely produced from… Read more.
The price of wheat futures climbed again in Tuesday's trading, as it appeared likely that dry weather across the Great Plains in Kansas and Nebraska will cut down on wheat yields in the coming year. "We are seeding wheat now, and in a good many areas we have some dry conditions," Dewey Strickler, the president… Read more.
Corn futures continued to rise on Monday, October 11, driven by fears that falling U.S. crop yields will put pressure on global supplies of the grain. Corn for December 2010 delivery gained 37 and 3/4 cents to trade at $5.66 per bushel on the Globex electronic trading system, while March 2011 corn rose 38 cents… Read more.
The latest news release from the U.S. Department of Agriculture is the equivalent of a blockbuster record to commodity futures brokers and traders – and it's corn, wheat and soybean futures that are soaring up the charts. Corn, wheat and soybeans saw massive gains after the report hit the wires, and agricultural companies are also… Read more.
Ukraine announced yesterday that it would limit exports of corn and wheat in response to the punishing drought which devastated fields in the Black Sea region. The government in Kiev will allow exports of just 500,000 tons each of wheat and barley, and 2 million tons of corn. First deputy prime minister Andriy Kyulev said that… Read more.
The falling dollar once again helped push up the price of grain, with some signs that foreign buyers were moving in to take advantage of relatively low prices of U.S. wheat. Demand has been strong for American wheat farmers' product in recent weeks, with grain exporters in the U.S. selling over 50 percent more in… Read more.
Gold futures smashed through previous highs to set a new record above $1,300 per troy ounce on Tuesday, validating goldbugs around the world but sending a worrying signal about the stability of the global economy. Demand for gold and the rising price of futures typically indicates pessimism about the state of the markets; in particular,… Read more.