Global economic psychology has improved, partly because of easing tensions in the Black Sea region but also because of generally positive US scheduled data flows.
Lean Hogs
Disappointing Pace in US Recovery
The markets are facing a repeat of “irrational exuberance.”
Long, Slow Global Economic Recovery
The US recovery looks destined to sneak up on the markets, particularly with the Treasury market.
Pessimistic Views On Global Recovery Pace
Into the early April high in equities, global economic sentiment was hopeful of a quick return to a progressive recovery pace.
Slow and Gradual Recovery In the World Economy
While the US economy is improving, the improvement probably isn’t definitive enough to satisfy US equities, which have recently carved out fresh new all-time highs.
Overall Uncertainty Continues to Decline
The overall outlook for commodities is slightly improved from last week’s dismal view. Clearly the US economy has remained suspect in the wake of the second disappointing Non-Farm Payroll result in a row.
Suspicion Toward Pace of Growth, Commodity Markets in Downward Bias
With a second Fed tapering event recently, the reality of less accommodative US monetary conditions was mostly realized in the marketplace, and not surprisingly, equities suffered the brunt of the reality check.
Market Spotlight: Soybean Meal
Soybean Meal is produced through processing and separating Soybeans into oil and meal components. By weight, Soybean Meal accounts for about 35% of the weight of raw Soybeans (at 13% moisture). If the Soybeans are of particularly good quality, then the processor can get more meal weight by including more hulls in the meal while still meeting the 48% protein minimum.
Know Your Limits: Day Trading Limits Explained
There are some pretty significant differences between the futures markets and the equities markets. The first big difference is the trading hours: the futures markets trade 23 hours a day for most markets versus an 8:30 AM (central time) open and a 3:00 PM close in the equities markets. The second difference is the ease… Read more.