http://www.pitguru.com/Article-Rss.aspxPast performance is not indicative of future results. Trading futures and options involves substantial risk of loss and is not suitable for all investors.Wed, 16 May 2012 11:42:38 GMTsupport@futurespress.com (Support)admin@futurespress.com (Support Technical)Your RSS Generator name and version http://www.pitguru.com/Article.aspx?cmd=detail&id=664Coming back from the weekend the trade looks lower due to world contraction, a strong USD and long liquidation. Crude and vegetable oils are getting hit hardest with palm falling to 6 month lows overnight after negative sentiment from China. Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 14 May 2012 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=664http://www.pitguru.com/Article.aspx?cmd=detail&id=663Coming back from the weekend traders see a changed geopolitical climate. The French socialist election caused tremors through all markets with a distinct bearish tone noted in the commodity sector as the Euro tanked against the USD. Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 07 May 2012 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=663http://www.pitguru.com/Article.aspx?cmd=detail&id=662Coming back from the weekend there is less exuberance in flat price and spreads than what traders saw late last week. The lack of fresh news and month end seems to be the culprit today with many on the sideline due to holidays. Basis weakened over the weekend as the producers sold a bit on the pop in spreads and flat price corn. Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 30 Apr 2012 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=662http://www.pitguru.com/Article.aspx?cmd=detail&id=661Coming back from the weekend markets have a calmer opening as compared with Friday’s explosion to the upside in beans. The explosion, as I put out on Twitter, was completely based on rumors of fresh Chinese demand for beans off the PNW. TGrainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 23 Apr 2012 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=661http://www.pitguru.com/Article.aspx?cmd=detail&id=660Coming back from the weekend I see negative macro factors adding momentum to bearish weekend weather. The trade is fading due to good weekend rains in MN, IA and throughout the Midwest and a lack of fresh demand from China or anyone else for that matter.Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 16 Apr 2012 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=660http://www.pitguru.com/Article.aspx?cmd=detail&id=659Thursday saw another round of excited buying in corn and beans with wheat actually not losing ground. Old/New bean spreads exploded, corn spreads folded and front end meal spreads bent bearish. It was another messy session with a strong upside bias noted. Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 09 Apr 2012 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=659http://www.pitguru.com/Article.aspx?cmd=detail&id=658On Friday traders saw a wild session. Old crop corn hit and closed limit higher in May alone. Old/new corn spreads blow up, and old/new bean spreads weakened on the rally. New crop beans gained on low acreage expectations, wheat gained on short covering and meal spreads spoke bearish. Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 02 Apr 2012 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=658http://www.pitguru.com/Article.aspx?cmd=detail&id=657The Grains Review and Special Prospective Plantings Forecast GiveawayGrainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 26 Mar 2012 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=657http://www.pitguru.com/Article.aspx?cmd=detail&id=656Friday saw a very messy session with the WASDE report offering nothing bullish allowing the trade to open flat versus Thursday’s settle. Beans tried the downside briefly before news of Chinese buying corn hit the wires. Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 12 Mar 2012 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=656http://www.pitguru.com/Article.aspx?cmd=detail&id=655On Friday markets saw a very messy trade. Early weakness in corn and wheat was erased as both followed beans to the upside. On the close, wheat popped to daily highs as positive floor momentum and strength in KC and Minny helped support the trade.Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 05 Mar 2012 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=655http://www.pitguru.com/Article.aspx?cmd=detail&id=654Special Recap: An Excerpt from Matt's Premium Daily Wire from Friday featuring analysis of the USDA Numbers - Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 27 Feb 2012 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=654http://www.pitguru.com/Article.aspx?cmd=detail&id=653Coming back from the weekend I see a higher start to the week with momentum from the Euro and crude helping more than internal sentiment.Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 13 Feb 2012 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=653http://www.pitguru.com/Article.aspx?cmd=detail&id=652Coming back from Super Bowl weekend traders have nothing exciting beside the impending Greek debt default. This coupled to crude breaking hard should have agricultural markets on the defensive in spite of fading positive momentum from the overnight trade. All eyes are on European debt and the impact on the demand prospects for US commodities heading into the WASDE report this Thursday. Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 06 Feb 2012 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=652http://www.pitguru.com/Article.aspx?cmd=detail&id=651Friday saw a very sluggish session once again but instead of all markets rallying like Thursday, corn led the charge. This was helped by a strong domestic and gulf basis bid and spreading between corn and wheat and corn and beans. Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 23 Jan 2012 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=651http://www.pitguru.com/Article.aspx?cmd=detail&id=650Coming back from the New Year holiday break the market looks at a higher move based on the following factors. First, the Euro is holding ground against the USD sitting just over $1.30 to start the week.Grainssales@futurespress.com (PitGuru Matthew Pierce)Tue, 03 Jan 2012 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=650http://www.pitguru.com/Article.aspx?cmd=detail&id=645Stocks are up in the premarket due to European officials discussing a draft of a new fiscal policy which could be applied in January. Europe also agreed to put up over $150 million euros to the IMF to give more support to the Euro zone. Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 19 Dec 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=645http://www.pitguru.com/Article.aspx?cmd=detail&id=646The energy complex took a dive with the bad news coming out of Europe as both WTI and Brent sank to new monthly lows. Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 19 Dec 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=646http://www.pitguru.com/Article.aspx?cmd=detail&id=647For the week coffee prices continued downward, making new lows and looking weak. Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 19 Dec 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=647http://www.pitguru.com/Article.aspx?cmd=detail&id=648Precious metals got hit real hard this past week as Feb gold traded all the way down to $1,560 and March silver took a dive below $30. Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 19 Dec 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=648http://www.pitguru.com/Article.aspx?cmd=detail&id=649Coming back from the weekend there is a modest amount of bullish momentum built up in agriculture. All markets were higher across the board overnight led by beans which is gaining due to expansive dryness in Southern Brazil and central to Northern Argentina.Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 19 Dec 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=649http://www.pitguru.com/Article.aspx?cmd=detail&id=641Apparently, there is a lack of enthusiasm for stocks today due to investor worries about the new pact in Europe. The new fiscal policy calls for a bailout fund in 2012 that will cost $267 billion for countries in crisis, and this money would be given to the IMF emergency fund. Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 12 Dec 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=641http://www.pitguru.com/Article.aspx?cmd=detail&id=642 The energy markets took a big dive at the end of last week with fears of the European debt crisis still in full effect. Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 12 Dec 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=642http://www.pitguru.com/Article.aspx?cmd=detail&id=643Things look ugly and can get uglier. Dollar strength will press prices of softs down. Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 12 Dec 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=643http://www.pitguru.com/Article.aspx?cmd=detail&id=644Precious metals had a sour week as the dollar gained against the euro and both gold and silver fell as the bears were in full force. Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 12 Dec 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=644http://www.pitguru.com/Article.aspx?cmd=detail&id=637Another week, another new recent high in the WTI space as crude rallied to $101.50 to close out the week on increased concern over Iran's crude supplies. Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 05 Dec 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=637http://www.pitguru.com/Article.aspx?cmd=detail&id=638While outside markets had a big up week last week, the soft complex continues to experience price declines. The prospect of any sustained rally among members of the soft markets looks to be short lived and likely a selling opportunity. Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 05 Dec 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=638http://www.pitguru.com/Article.aspx?cmd=detail&id=639Gold and silver both had great moves last week but look as though they might be in for a downturn this week. Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 05 Dec 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=639http://www.pitguru.com/Article.aspx?cmd=detail&id=640Coming back from the weekend I see a trade still paralyzed by the continued debt issues in Europe with PMI data suggesting a continued and serious contraction.Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 05 Dec 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=640http://www.pitguru.com/Article.aspx?cmd=detail&id=633With all of the negative news and conditions around the globe, I think it would be odd to see a rally in the equity market after it has fallen for seven straight days, right?Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 28 Nov 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=633http://www.pitguru.com/Article.aspx?cmd=detail&id=634During the holiday shortened week soft commodity prices continued to drop. And as prices drop, so has open interest, which signals that it is covering of positions fueling the drop.Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 28 Nov 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=634http://www.pitguru.com/Article.aspx?cmd=detail&id=635Precious metals are gaining back some of the losses from last week as gold keeps hovering around $1,690 here on the Comex. The one bad factor for gold is the rally in the USD. Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 28 Nov 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=635http://www.pitguru.com/Article.aspx?cmd=detail&id=636Coming back from the holiday week it’s all good again. There is no real change on the fundamental front with demand quietly there for both corn and beans domestically and internationally.Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 28 Nov 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=636http://www.pitguru.com/Article.aspx?cmd=detail&id=628Last week saw stocks finish flat and looking somewhat bored. Europe continued to lose momentum due to a lack of buying. The S&P was somewhat limited due to its resistance of 1225 and did hit a weekly low around 1210. Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 21 Nov 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=628http://www.pitguru.com/Article.aspx?cmd=detail&id=629Very volatile action in the crude oil markets last week as oil surged past $100 to $103.30 before coming back off on renewed fears of an economic meltdown amid the crisis going on in Europe. Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 21 Nov 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=629http://www.pitguru.com/Article.aspx?cmd=detail&id=630Defense. And I am not referring to the chant from a football crowd, nor Joe Pa's lawyer, but rather using one word to describe the past week of price movement among the Soft markets. Defense. Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 21 Nov 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=630http://www.pitguru.com/Article.aspx?cmd=detail&id=631Precious metals are once again under fire as the gold market comes off to $1,730 as the USD strengthens a bit against other major currencies.Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 21 Nov 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=631http://www.pitguru.com/Article.aspx?cmd=detail&id=632Coming back from the weekend the agricultural trade has nothing I see to offer bulls a handhold. On the macro side, which still dominates, Spanish elections seem to offer no support for the Euro with no real information available concerning debt restructuring ideas. Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 21 Nov 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=632http://www.pitguru.com/Article.aspx?cmd=detail&id=623Bank of America and other banks have been shying away from charging debit card fees. The problem is new fees are emerging for replacing lost debit cards, depositing money on mobile phone, wire transfers, etc. Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 14 Nov 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=623http://www.pitguru.com/Article.aspx?cmd=detail&id=624Crude Oil has made it to the upper level in the $90s as WTI settled at $98.99 with the rally holding true late in the day Friday in the S&P. Crude had a very nice run since the low of $74.50 a month and a half ago and looks to try and touch the $100 level this week as this is now the next resistance point.Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 14 Nov 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=624http://www.pitguru.com/Article.aspx?cmd=detail&id=625As traders saw last week, the news stories out of Europe seem to move all markets. Same is true among the softs, but most members of the complex seem unprepared to rally on anything more than short covering at this time. Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 14 Nov 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=625http://www.pitguru.com/Article.aspx?cmd=detail&id=626Precious metals had a great week last week until Gold hit the wall of $1,800 and got hit back down to $1,750 as investors took profit ahead of the huge resistance. Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 14 Nov 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=626http://www.pitguru.com/Article.aspx?cmd=detail&id=627Welcome back from the weekend to a rather unexciting and uneventful trade. Not to say there are not events unfolding but there is nothing I see as overly dramatic to spark any major move in agriculture. This was expressed overnight with corn trading in a tight range slightly higher on the close with CZ-H at 9.75. This occurred late in the session with a range of 8.25-10. Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 14 Nov 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=627http://www.pitguru.com/Article.aspx?cmd=detail&id=618Italy is seeing negative press this morning as the crisis takes aim at them. Italian bonds have reached their highest since 1997. The Prime Minister, Silvio Berlusconi, has until tomorrow to win over members of parliament that are undecided and to stop party rebels from taking down the current government. (1) Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 07 Nov 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=618http://www.pitguru.com/Article.aspx?cmd=detail&id=619Will the euro zone debt issues keep a lid on the rising oil price the market has seen in the last two weeks? Crude again rallied just under $95 as this has been a huge resistance point even though the equity market has been on shaky ground.Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 07 Nov 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=619http://www.pitguru.com/Article.aspx?cmd=detail&id=620The MF Global situation has brought a severe black eye to the industry. There seems to be money missing and there are reports the FBI is involved in a criminal probe. The exchanges took action last week, banning orders other than for liquidation in MFG accounts. Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 07 Nov 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=620http://www.pitguru.com/Article.aspx?cmd=detail&id=621Precious metals had a great week last week, reaching new recent highs to $1,775 in December gold. Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 07 Nov 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=621http://www.pitguru.com/Article.aspx?cmd=detail&id=622 Welcome back from a rather uneventful weekend in the global perspective. MF Global announced that they finished “bulk” transfers of positions to other firms with only MFG Canada still having any issues with segregated monies. Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 07 Nov 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=622http://www.pitguru.com/Article.aspx?cmd=detail&id=614 Well the news from the BOJ created a sell off throughout the metals as gold and silver were both down big along with copper. Gold quickly sold off on the intervention news and went down $30. Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 31 Oct 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=614http://www.pitguru.com/Article.aspx?cmd=detail&id=615On Thursday the bulls came out to play. But is it a Trick? Or a Treat for Bears? Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 31 Oct 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=615http://www.pitguru.com/Article.aspx?cmd=detail&id=616Huge news over the weekend as the bank of Japan intervenes on the yen causing it to tumble dramatically Sunday night with the yen losing more than -600 points at one point.Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 31 Oct 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=616http://www.pitguru.com/Article.aspx?cmd=detail&id=617MF Global seems to be on its last leg as the Federal Reserve suspended any business that the company can perform. Shares have been halted and Interactive Brokers may bid in a supervised auction.Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 31 Oct 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=617http://www.pitguru.com/Article.aspx?cmd=detail&id=609Some experts think the U.S. may see another downgrade in its rating. This could bring the bears running to sell in the near future. The market has had a nice rally over the past few weeks even though the risk of Europe's default has risen. Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 24 Oct 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=609http://www.pitguru.com/Article.aspx?cmd=detail&id=610 What a crazy week it was in the energy markets as crude rallied in the early part of the week to the resistance of $89.50 but fell big on economic uncertainty to $85 along with the stunning news of Qaddafi's death.Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 24 Oct 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=610http://www.pitguru.com/Article.aspx?cmd=detail&id=611There are two basic forces at work; the weaker dollar and the poor world economic climate which has raised concern about demand. Add to those the liquidation of fund participation in commoditiesSoftssales@futurespress.com (PitGuru Daniel Cronin)Mon, 24 Oct 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=611http://www.pitguru.com/Article.aspx?cmd=detail&id=612A very odd week for the metals. They looked to have all the makings to rally with a shaky equity market and a rallying Euro but instead Gold decided to go in a free fall from $1,670 to $1,600.Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 24 Oct 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=612http://www.pitguru.com/Article.aspx?cmd=detail&id=613Coming back from the weekend we see no “resolution” concerning the EU debt situation but that doesn’t seem to be a bitter pill to swallow. All markets are mixed to modestly higher after Chinese PMI numbers offered support.Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 24 Oct 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=613http://www.pitguru.com/Article.aspx?cmd=detail&id=604For the past few weeks, stocks have been up on hope which in this trader's books does not constitute reason enough for a rally. Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 17 Oct 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=604http://www.pitguru.com/Article.aspx?cmd=detail&id=605The energy markets have rallied very nicely the last two weeks as traders and investors alike buy up the sold off crude markets with equities and the Euro rallying. Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 17 Oct 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=605http://www.pitguru.com/Article.aspx?cmd=detail&id=606This was my second weekend in a row with lots of driving, this time to Baltimore and back, and my granddaughter's birthday was great! Elsie Jane is 1 year old! Great party, wonderful food, all in all a special time. Speaking of driving, what is driving the markets? Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 17 Oct 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=606http://www.pitguru.com/Article.aspx?cmd=detail&id=607Precious metals have continued to consolidate and climb on the COMEX the last two weeks as Gold pushes higher towards that $1,700 level. The USD has had some significant pressure put on it the last few weeks as it comes up to the critical level of $1.3900.Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 17 Oct 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=607http://www.pitguru.com/Article.aspx?cmd=detail&id=608Coming back from the weekend there is little general excitement in the trade and the world. There is yet a solution to the EU debt situation but the G20 conference gave them a week to get their ship in order. Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 17 Oct 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=608http://www.pitguru.com/Article.aspx?cmd=detail&id=601Banks seem to be leaving more money overnight with the European Central Bank rather than lend it to each other. Fear that banks could suffer large losses because of Greek default and possibly other nations has banks thinking twice. Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 10 Oct 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=601http://www.pitguru.com/Article.aspx?cmd=detail&id=602More talk about support and recapitalization for European banks is helping spur another rally, continuing the trend from most of last week. How long can that last? Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 10 Oct 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=602http://www.pitguru.com/Article.aspx?cmd=detail&id=603Coming back on this Columbus Day holiday the market is set up a little differently. The stocks report was obviously bearish across the board. Month end activity added to pressure as traders took corn limit lower testing the 40-cent barrier for the first time. Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 10 Oct 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=603http://www.pitguru.com/Article.aspx?cmd=detail&id=596Greece announcing it will not meet its deficit target this year has sent the markets into the red in the premarket. This may create new doubts over another bailout. European banks are...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 03 Oct 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=596http://www.pitguru.com/Article.aspx?cmd=detail&id=597The energy space is starting to break down on the nymex with last week once again testing the lows of $76 as the world continues to fight fears of another retest of the equity lows of 2008. This market has been...Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 03 Oct 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=597http://www.pitguru.com/Article.aspx?cmd=detail&id=598The more the Soft complex asserts its ability to shrug the frequent crisis management seen in the world economy and focus upon their own individual fundamentals, the better. While most are...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 03 Oct 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=598http://www.pitguru.com/Article.aspx?cmd=detail&id=599Precious metals sold off once again as all commodities came off with the weak US economy and the strong dollar. Gold fell to $1,530 as a liquidation rush fell in the market. Silver fell dramatically...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 03 Oct 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=599http://www.pitguru.com/Article.aspx?cmd=detail&id=600Matthew Pierce is currently on vacation, and there will be no Grains Review this week. Next week he returns to the floor with his insight and analysis ahead of the October 12 WASDE.Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 03 Oct 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=600http://www.pitguru.com/Article.aspx?cmd=detail&id=593The word that bothers this trader this morning is hope. This word is being thrown around which should not sit well with investors. The stock market may open higher on hopes that policymakers are putting new plans together to help with the debt crisis. The hope that Greece does not default is where the focus lies. (1) If a person is resting their families future on hope then one needs to take anothFinancialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 26 Sep 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=593http://www.pitguru.com/Article.aspx?cmd=detail&id=594As the US dollar strengthened over investor fears, the Brazilian real dropped significantly and since it is one of the important currencies to the pricing of soft commodities that is a big deal. It was a big factor this past week for coffee, sugar, oj and cotton. Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 26 Sep 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=594http://www.pitguru.com/Article.aspx?cmd=detail&id=595Friday saw another downside leg in beans with further pressure from South American hedging and weak longs exiting. Wheat was the strength all session and Corn looked at both side of unchanged but with crude untrustworthy above $80.00 this ran into more pressure late in the session. Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 26 Sep 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=595http://www.pitguru.com/Article.aspx?cmd=detail&id=589The crude oil space saw almost a mirror of the week before. The market high tailed up to above $90 before coming back down to below $86 as the economy still gets weaker with the eurozone crisis. Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 19 Sep 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=589http://www.pitguru.com/Article.aspx?cmd=detail&id=590The soft complex has been on the defensive and I see no reason for that to change. Following the October option expiration sugar prices plummeted, dropping sharply and leaving the impression that there is more still ahead. Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 19 Sep 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=590http://www.pitguru.com/Article.aspx?cmd=detail&id=591Precious metals saw a decline in prices last week. The gold market dropped below $1,800 before giving back some gains as the Euro/USD sank to new lows this year below 1.36.Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 19 Sep 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=591http://www.pitguru.com/Article.aspx?cmd=detail&id=592Friday saw messy pressure on the market with harvest going into high gear for corn and beans. This was reflected with pressure under the 100-day MA in beans and under the psychological support in corn at $7.00. Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 19 Sep 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=592http://www.pitguru.com/Article.aspx?cmd=detail&id=586Coming back from the weekend the trade ground lower overnight in anticipation of a bearish report. The trade on Friday was anticipatory in many ways with positions taken off locking in profits or losses eliminating risk on both sides.Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 12 Sep 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=586http://www.pitguru.com/Article.aspx?cmd=detail&id=587Concern over the spreading European debt crisis pressed the soft markets on Friday. Coffee prices, thought by many to be overbought and in need of a correction, dropped hard as October options expiration saw KCZ settle right at 270. Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 12 Sep 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=587http://www.pitguru.com/Article.aspx?cmd=detail&id=588French banks are under pressure due to a possible downgrade in their credit ratings. Moody's could downgrade several banks which could drag down overseas trading as well as the stocks domestically.Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 12 Sep 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=588http://www.pitguru.com/Article.aspx?cmd=detail&id=581The East Coast did take a wallop this weekend but the exchanges are expected to run on regular schedule. Dick Grasso was on CNBC this weekend and mentioned that the electronic portions of the exchanges are workingFinancialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 29 Aug 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=581http://www.pitguru.com/Article.aspx?cmd=detail&id=582 The energy space did a lot of consolidating last week as crude oil bounced around from $82 to $87 with huge support at the $83 level. Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 29 Aug 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=582http://www.pitguru.com/Article.aspx?cmd=detail&id=583Well, I did make it in and am on the floor, even though trains aren't running....House is a disaster, basement flooded and we didn't have power, so washer dryer, furnace and hot water tank....ugh....Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 29 Aug 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=583http://www.pitguru.com/Article.aspx?cmd=detail&id=584Precious metals had a crazy week with gold plunging more than $200 from its high and then bouncing right back to $1,830 regaining more than half of the losses back.Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 29 Aug 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=584http://www.pitguru.com/Article.aspx?cmd=detail&id=585Coming back from the weekend ag markets have nothing but positive momentum heading into the end of the month with yield problems persisting and demand expansion talked about.Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 29 Aug 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=585http://www.pitguru.com/Article.aspx?cmd=detail&id=576The start of the week looks like it may be higher as utilities, pharmaceuticals, and telecommunication sectors lead the way. Some feel the losses over the last few weeks could have been too extreme and traders with money might be testing the market. Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 22 Aug 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=576http://www.pitguru.com/Article.aspx?cmd=detail&id=577The energy market came off hard at the end of the week last week as crude fell from $89 to $81 very fast as the economy still is weak and the equity markets sold off. Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 22 Aug 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=577http://www.pitguru.com/Article.aspx?cmd=detail&id=578KCZ had an impressive week. Look for 26745 to 26680 as support on any pullback. A move back through 26580 however, could lead to a further correction of this past week's gains and a move to 260.Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 22 Aug 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=578http://www.pitguru.com/Article.aspx?cmd=detail&id=579Precious metals continue to move higher as gold is getting ever so close to the $1,900 mark and silver looks to have finally broken above $42. Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 22 Aug 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=579http://www.pitguru.com/Article.aspx?cmd=detail&id=580Coming back from the weekend the trade looks positive with modest help from crude and currencies. This is a continuation of the slight momentum traders saw on Friday with the market taking back Friday’s losses save for bean oil. Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 22 Aug 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=580http://www.pitguru.com/Article.aspx?cmd=detail&id=571New York manufacturing data has fallen for the third straight month. The premarket was barely affected by this but the data should not be overlooked. Volatility is the game that traders seem to be playing and it could stay like this for the near future. Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 15 Aug 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=571http://www.pitguru.com/Article.aspx?cmd=detail&id=572The oil market saw a bounce back in price last week as the markets were oversold below the $81 dollar range in Sep WTI. September crude closed out the week at $85.38. Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 15 Aug 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=572http://www.pitguru.com/Article.aspx?cmd=detail&id=573While the turmoil will likely continue as daily gyrations are increasingly violent in their pace, frequency and amplitude. However, I will say I like cotton. I think the USDA has overestimated the crop size as well as the quality and condition.Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 15 Aug 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=573http://www.pitguru.com/Article.aspx?cmd=detail&id=574Precious metals finally took a hit last week. Gold prices came off $80 from all time highs as the CME increased margin requirements 22%. I feel like this is the first week I am writing about gold being down as this markets has made a tremendous move this year. Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 15 Aug 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=574http://www.pitguru.com/Article.aspx?cmd=detail&id=575Friday saw a quiet session with markets chopping higher without conviction heading not the weekend. The outside world keeps things in check yet another day.Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 15 Aug 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=575http://www.pitguru.com/Article.aspx?cmd=detail&id=566In the past, countries that have been downgraded typically show a sell-off in their stock market. As most aware the U.S. rating has fallen from AAA to AA- and for those that do not know this AAA rating has been around since its inception in 1917.Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 08 Aug 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=566http://www.pitguru.com/Article.aspx?cmd=detail&id=567Huge sell off in the energy markets as the debt ceiling agreement was a moot point as traders rushed to sell in the $94-$98 range and then the market tumbled on the news that the US will lose its AAA rating. Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 08 Aug 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=567http://www.pitguru.com/Article.aspx?cmd=detail&id=568Where to begin...coffee made a big up move on freeze reports early Friday. That move up chased shorts and worked at getting spec buyers on board. But with other markets falling off, coffee too dropped as skeptics used the rally to sell, and that action wiped out all the morning gains and then some, chasing weak longs and even some intermediate longs.Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 08 Aug 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=568http://www.pitguru.com/Article.aspx?cmd=detail&id=569Precious metals had a very wild ride last week as the markets rallied in the beginning of the week above the all time high at $1,630 and made new highs at $1,685 as the US credit rating was downgraded from AAA to AA+. Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 08 Aug 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=569http://www.pitguru.com/Article.aspx?cmd=detail&id=570Friday saw a low volume messy trade with corn actually fighting to the upside after a lower session all day. This was due to continued talk of problems with corn yields and further discussion of delta quality failing to meet CME delivery standards. Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 08 Aug 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=570http://www.pitguru.com/Article.aspx?cmd=detail&id=561A deal has been reached in Washington and it looks like a $2.1 trillion increase in the debt ceiling has been implemented. Also, a 10 year 1 trillion deficit reduction between defense and non-defense spending will help lower the overall deficit.Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 01 Aug 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=561http://www.pitguru.com/Article.aspx?cmd=detail&id=562Last week the market saw crude close out relatively flat with a run to $100.60 and then a dive back to $95.70 as investors anticipated the debt ceiling issue. Well, good news for the marketsEnergiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 01 Aug 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=562http://www.pitguru.com/Article.aspx?cmd=detail&id=563What is that odor? Oh yeah, it’s from the diaper shortage in Washington which is reaching critical mass as the multitude of crybabies continue to wait for an adult to emerge and bring forth change.Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 01 Aug 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=563http://www.pitguru.com/Article.aspx?cmd=detail&id=564Precious metals rallying to new heights last week in the gold market above $1,630 as investors felt fear from the Aug 2 deadline of the debt ceiling.Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 01 Aug 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=564http://www.pitguru.com/Article.aspx?cmd=detail&id=565On Friday traders saw a good beating of agricultural markets as month end, debt issues and poor technicals caused weak length to jump ship and short term technical traders to get short corn. Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 01 Aug 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=565http://www.pitguru.com/Article.aspx?cmd=detail&id=556Again, the top news is the debt ceiling issue. Congress will be bickering over tax hikes, take breaks, and slashing the budget. The one thing both Democrats and Republicans can agree on is that a budget deficit and long term plan is needed to keep the United States from being downgraded in the future. Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 25 Jul 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=556http://www.pitguru.com/Article.aspx?cmd=detail&id=557Crude oil lifted above $100 briefly at the end of the trading week last week as supplies decreased and the Euro rallied to over $1.4300 in Euro/USD. Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 25 Jul 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=557http://www.pitguru.com/Article.aspx?cmd=detail&id=558It has become very clear that leaders in Washington are more interested in issuing threats then in applying sound mathematical solutions. We elect a new Congress every two years, a new president potentially every four years, yet the current administrations want to make decisions that are based on projections that are far more distant. Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 25 Jul 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=558http://www.pitguru.com/Article.aspx?cmd=detail&id=559Precious metals had another outstanding week as Gold climbed above $1,600 and opened the Sunday session +$15 at one point. Silver also rallied above $40 as the safe haven play is still in effect on the COMEX. Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 25 Jul 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=559http://www.pitguru.com/Article.aspx?cmd=detail&id=560Coming back from the weekend markets have a back and fill from Friday's strange action to the upside in corn and beans. On Friday corn rallied to the CQ 690 strike in spite of higher chances of rain that did materialize over the weekend. Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 25 Jul 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=560http://www.pitguru.com/Article.aspx?cmd=detail&id=551Coming back from the weekend the trade is a bit perplexed as to why things are lower. The weather situation may not be a mirror image of the late week bullishness seen last week but a 30% chance of rains in the northern states a week out with low confidence is not what I would hang my hat on if I were a bear. Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 18 Jul 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=551http://www.pitguru.com/Article.aspx?cmd=detail&id=552 Precious metals once again were higher last week and I feel like they have been higher for 10 straight weeks as Gold inched in on the $1,600 level. Silver also has been trying to get above the $38 level and has done so on Friday.Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 18 Jul 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=552http://www.pitguru.com/Article.aspx?cmd=detail&id=553Friday's stress tests showed 8 banks overseas would have failed. That news was no surprise. That 8 banks would have required more capital, had no real impact though, yet prices of Soft Commodities finished lower for the week.Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 18 Jul 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=553http://www.pitguru.com/Article.aspx?cmd=detail&id=554The energy markets had another up and down week with the crude markets falling to $94 and rallying as high as $99 as the US equity market slowly came off of its highs of the year.Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 18 Jul 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=554http://www.pitguru.com/Article.aspx?cmd=detail&id=555Moody's suggested that the U.S remove the debt ceiling altogether so that bond holders do not have an issue in the near future. Basically in a few years it may have to be lifted again and then the same fiasco could start all over again. This what the government calls periodic uncertainty.Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 18 Jul 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=555http://www.pitguru.com/Article.aspx?cmd=detail&id=546The stock market is down 1% in the premarket due to the same old issue that has not gone away. The market may slip further as more negative news could be a concern. The debt crisis in Europe is something this trader said could spread and the fear of spread is being discussed today. Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 11 Jul 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=546http://www.pitguru.com/Article.aspx?cmd=detail&id=547The energy market had a very interesting week with the crude oil price rallying above $96.00 resistance and getting to $99 before falling back heavily on the weak job report on Friday. Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 11 Jul 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=547http://www.pitguru.com/Article.aspx?cmd=detail&id=548Welcome to "Wreck-o-very" Summer. Unemployment stands at 9.2%, this a figure significantly higher than what most people had been led to expect and to believe. 9.2% is higher than the 8% we were told we would have once Congress funded all of the "shovel ready jobs". Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 11 Jul 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=548http://www.pitguru.com/Article.aspx?cmd=detail&id=549Precious metals keep on keeping on with the Gold and Silver prices rallying again last week even as the USD continues to gain. Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 11 Jul 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=549http://www.pitguru.com/Article.aspx?cmd=detail&id=550Friday saw a much better day than early morning expectations as corn and wheat shrugged off negative momentum from crude and currencies to show good gains once again.Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 11 Jul 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=550http://www.pitguru.com/Article.aspx?cmd=detail&id=541Consumers are not spending which could be a sign that gas prices have deeply affected the economy. Spending was unchanged for May and when it is adjusted for inflation it shows a drop of 0.1%. Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 27 Jun 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=541http://www.pitguru.com/Article.aspx?cmd=detail&id=542Crude Oil had a huge week as President Obama ordered millions of barrels unleashed into the open market sending the price of WTI below $89 at one point.Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 27 Jun 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=542http://www.pitguru.com/Article.aspx?cmd=detail&id=543Having repeatedly mentioned how the direction the dollar takes will set the tone and drive commodity values, this week the dollar, as well as its counterpart, the Euro, are at key junctures. Both are threatening to claim a significant change by moving through their 100 day moving averages. Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 27 Jun 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=543http://www.pitguru.com/Article.aspx?cmd=detail&id=544Precious metals took a serious dive last week and are looking to continue the trend as Gold now is below $1,500 an ounce as the USD continues to shine against other precious metals including the Euro. Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 27 Jun 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=544http://www.pitguru.com/Article.aspx?cmd=detail&id=545Coming back from the weekend the trade has no immediate incentive to look higher. From the fundamental side the demand equation is relatively quiet after the flurry late last week from S. Korea, China, Mexico and Egypt. Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 27 Jun 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=545http://www.pitguru.com/Article.aspx?cmd=detail&id=536Stocks are down due to a delay in loans to Greece and now news that Italy's credit rating may be downgraded, which may lead to selling risky assets. Euro zone ministers want Athens to introduce austerity measures before $17 billion in emergency loans is given. The deadline is the middle of July before Greece would default. Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 20 Jun 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=536http://www.pitguru.com/Article.aspx?cmd=detail&id=537The energy markets have broken significant lows last week and I think they are looking to head lower this upcoming week as the USD strengthens and the S&P falls once again. Crude Oil fell below the triple bottom of $95 and is now at $92 in the Aug contract trying to head lower as major players got stopped out of the market below this $95 level. Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 20 Jun 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=537http://www.pitguru.com/Article.aspx?cmd=detail&id=538In the long run I am still anticipating that the US dollar will weaken. However in the short term, macro news, with more concern focused on the Euro and evidence that additional member countries may fess up to larger problems, the dollar may benefit. Many shorts in the dollar could get chased by a close over 7730 in the September $ index, DXU.Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 20 Jun 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=538http://www.pitguru.com/Article.aspx?cmd=detail&id=539Precious metals bounced up last week as fear came back into the market with gold shooting higher from $1,520 to $1,540 and silver rallying to above $36. Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 20 Jun 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=539http://www.pitguru.com/Article.aspx?cmd=detail&id=540Coming back from the wet weekend traders have nothing to get excited about concerning agriculture. Demand remains quiet outside a few wheat tenders with macro markets remaining in the drivers seat. No matter how many acres flood here and in China I feel there is no chance of a rally until the world debt Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 20 Jun 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=540http://www.pitguru.com/Article.aspx?cmd=detail&id=530World stocks have sold off as concerns grow. The S&P as mentioned before has two potential support levels, one which has already been reached. The next support level is the 1245.00 area which could be reached as mounting concern over sovereign debt and U.S. deficit continues. HSBC is trying to sell-off its credit card business of over $33 billion, to slash costs and to slowly phase out of its retaFinancialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 13 Jun 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=530http://www.pitguru.com/Article.aspx?cmd=detail&id=532Crude Oil having a tough time advancing through the resistance of $103.00 last week and with the actions of the stock market going lower, crude fell too, down to settle just above $99 as it closed out the week. Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 13 Jun 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=532http://www.pitguru.com/Article.aspx?cmd=detail&id=533Precious metals falling at the end of last week with Gold dropping $16 in a matter of minutes as the top still looks to have set in this market with the downtrend continuing. Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 13 Jun 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=533http://www.pitguru.com/Article.aspx?cmd=detail&id=534As the US dollar has started to attract some buy side interest be aware that the direction the dollar takes will help determine and influence the direction taken by the Soft complex in general. Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 13 Jun 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=534http://www.pitguru.com/Article.aspx?cmd=detail&id=535Coming back from the weekend there is little excitement in the trade. International demand was quiet while the strong pull for wheat, meal and corn domestically into the SE feeders remains evident in spreads.Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 13 Jun 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=535http://www.pitguru.com/Article.aspx?cmd=detail&id=525Coming back from the weekend the trade is looking at a downside bias with weather, the impending USDA report, crop progress, a lack of fresh demand, the Goldman Roll period starting on Tuesday, meal spreads, July Minni and problems with EU debt. Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 06 Jun 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=525http://www.pitguru.com/Article.aspx?cmd=detail&id=526The S&P is close to its April lows giving some the notion that the economy could be slowing down. The next support levels are 1294 and below that 1249 as potentially lower demand for stocks becomes apparent. Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 06 Jun 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=526http://www.pitguru.com/Article.aspx?cmd=detail&id=527Last week saw crude oil try and rally on the NYMEX but got stopped in its tracks above $103 as the Case Schiller Index dropped to its lowest in 10 years and unemployment rose. Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 06 Jun 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=527http://www.pitguru.com/Article.aspx?cmd=detail&id=528The Labor Department reported only 54,000 jobs created, while the unemployment rate rose to 9.1%. The March and April numbers were revised downward. What has happened to all the "green shoots" and "green jobs" promised by Obama?Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 06 Jun 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=528http://www.pitguru.com/Article.aspx?cmd=detail&id=529Precious metals stayed relatively steady last week with gold taking a dip to $1,520 but rallying back up to $1,545 and Silver falling to $36 but getting right back to $37. The Euro/USD remains strong here as this has rallied 6 cents in the last two weeks alone helping boost the appeal for these metals. Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 06 Jun 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=529http://www.pitguru.com/Article.aspx?cmd=detail&id=521Europe’s debt crisis and economic surveys have placed a bearish sentiment on the market today. Greece will have to restructure its debt. Spain and Italy are now in the spotlight and bailouts could be offered in the near future. Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 23 May 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=521http://www.pitguru.com/Article.aspx?cmd=detail&id=522The energy market had another week of testing the support of $95.00 in the flatprice as the market traded a bit sideways with a test of the low end on the NYMEX.Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 23 May 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=522http://www.pitguru.com/Article.aspx?cmd=detail&id=523For this coming week I say pay attention to the direction of the dollar as it will likely offer a key for the Softs. Obviously, the flow of funds these days is too frequently subject to the short term swings in the 24 hour news cycle. What is interesting is that the US Dollar Index had rallied during Friday's session to close right on the downtrend line. Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 23 May 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=523http://www.pitguru.com/Article.aspx?cmd=detail&id=524Precious metals had a bit of a bumpy ride last week with Gold unexpectedly dropping to $1,470 only to recover some $40 to trade at $1,510 as this market still keeps on moving higher. Silver held steady at $35 per ounce after trying to get below $32 once again. Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 23 May 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=524http://www.pitguru.com/Article.aspx?cmd=detail&id=516Lower growth and higher inflation could cause more selling this week. When lower estimates came out about GDP traders already have been selling commodities, so stock positions were the next to go. Where else could traders go? Well, they went to the dollar, treasuries, and gold. Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 16 May 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=516http://www.pitguru.com/Article.aspx?cmd=detail&id=517Crude oil remained rather steady last week with all of the big moves the market has seen, closing under $99 as the main story was the Euro weakening against the USD. Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 16 May 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=517http://www.pitguru.com/Article.aspx?cmd=detail&id=518 Pronounced weakness was evident across the board in markets this past week, the soft complex was no exception. Makes sense that more defense will be played out in the week(s) ahead, but shorts may look to cover. Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 16 May 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=518http://www.pitguru.com/Article.aspx?cmd=detail&id=519Precious metals kept on liquidating this last week with Gold settling below $1,500 and Silver lower to $34 as the USD strengthened against other major currencies.Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 16 May 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=519http://www.pitguru.com/Article.aspx?cmd=detail&id=520Coming back from the weekend traders have two major impacts to consider. There is a major weather problem brewing with eight plus inches of rain over the last week in WI, and areas of MI. 4" fell in OH, IN, IL, TN, IA and PA. Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 16 May 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=520http://www.pitguru.com/Article.aspx?cmd=detail&id=511On Friday traders saw a mixed session with beans holding gains, wheat exploding into the latter part of the session wile corn continued to falter due to mass liquidation.Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 09 May 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=511http://www.pitguru.com/Article.aspx?cmd=detail&id=512Commodities seem to be done selling off for the time being as move higher in the early part of the day. A concern about the global recovery also seems to be easing. Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 09 May 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=512http://www.pitguru.com/Article.aspx?cmd=detail&id=513Energies came off very hard last week, almost $18 in crude alone in three days as length got liquidated form the market as there were many sell stops below the $105 mark in the WTI. Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 09 May 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=513http://www.pitguru.com/Article.aspx?cmd=detail&id=514I was away all last week during the big drops. Looking to get back into the swing of things, and cannot help but feel negative towards most markets. This morning traders are seeing a sizable bounce in many markets, but technically I think they ought to be bearish and head lower.Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 09 May 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=514http://www.pitguru.com/Article.aspx?cmd=detail&id=515Precious metals finally got liquidated after the huge run they had with Gold trading below $1,500 and Silver falling to $36 from $48 an ounce just in four days alone. Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 09 May 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=515http://www.pitguru.com/Article.aspx?cmd=detail&id=507Last week traders saw extreme activity with markets dropping dramatically on Thursday only to completely recover into month end. This is due to changing weather reports and money flow. Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 02 May 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=507http://www.pitguru.com/Article.aspx?cmd=detail&id=508Breaking news over the weekend as Osama Bin Laden was killed by US forces, this news coming out on Sunday night as Crude came off to $110.80 before rallying back to $112.40. Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 02 May 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=508http://www.pitguru.com/Article.aspx?cmd=detail&id=509Cotton prices had come down hard this past week and seemed overdone, so I was pleased to have covered the long put spreads when I did. I will look to re-establish a bearish position, but will do nothing while away.Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 02 May 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=509http://www.pitguru.com/Article.aspx?cmd=detail&id=510Precious metals are coming off significantly over the weekend thanks to US forces capture and kill of Osama Bin Laden. This news came out late last night and is huge. Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 02 May 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=510http://www.pitguru.com/Article.aspx?cmd=detail&id=502Violence in the Middle East and Africa could affect the stock market today as oil rises. Saudi Arabia announced that production will not be raised which may keep oil at current levels or higher. One million barrels of oil are still not making to production because of the unrest in Libya. Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 25 Apr 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=502http://www.pitguru.com/Article.aspx?cmd=detail&id=503Crude oil had another positive week climbing up to $112 a barrel after liquidating down to $106 earlier in the week. There seems to be a range bound territory right now with the WTI from $116 to $105.50 Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 25 Apr 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=503http://www.pitguru.com/Article.aspx?cmd=detail&id=504Hope all enjoyed the long three-day Easter Weekend. Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 25 Apr 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=504http://www.pitguru.com/Article.aspx?cmd=detail&id=505Precious metals again outdoing the rest of the field, scorching everyone in their path as Gold hits the $1,500 number. This market is already up another $17 to start the week at $1,517. Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 25 Apr 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=505http://www.pitguru.com/Article.aspx?cmd=detail&id=506Thursday saw a mixed session with beans and wheat showing good strength on spread reversals against corn with the latter struggling on either side of unchanged until the final couple brackets. Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 25 Apr 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=506http://www.pitguru.com/Article.aspx?cmd=detail&id=497Stocks appear bearish this morning on global concerns and news that Citigroup’s profit fell 32% which actually beat expectations by a small margin. Citi lost less money on bad loans but had a rough time growing business. Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 18 Apr 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=497http://www.pitguru.com/Article.aspx?cmd=detail&id=498The energy markets saw a dead cat bounce last week as prices plummeted to the support of $105.50 only to bounce right back up $5 to close out the week in June at $110.45. Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 18 Apr 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=498http://www.pitguru.com/Article.aspx?cmd=detail&id=499This past week coffee prices gained another 15 cents, July cocoa advanced just shy of 200 points, while sugar and cotton prices retreated with CTK down almost 1300 points. Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 18 Apr 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=499http://www.pitguru.com/Article.aspx?cmd=detail&id=500Precious metals had another great week as both Gold and Silver continued to make new highs with Gold now over the $1,480 mark and Silver above $43. Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 18 Apr 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=500http://www.pitguru.com/Article.aspx?cmd=detail&id=501On Friday markets saw a small reversal higher with relationships reversing early week moves. Wheat started to rally and blew up overnight when the trade finally realized there is no end in sight for the problems in the HRW plains. Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 18 Apr 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=501http://www.pitguru.com/Article.aspx?cmd=detail&id=492The market may have some steam to move upward due to Qaddafi agreeing to a cease fire plan. This may have an effect on exports leaving Northern Africa. The issue is getting the Eastern Libyan insurgents to lay down their weapons for talks. Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 11 Apr 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=492http://www.pitguru.com/Article.aspx?cmd=detail&id=493Crude Oil and other energies rallied up very nicely last week as once the May contract broke $106 it was off to the races. $115 is the next target I see here and I think it would be hard pressed to see this rally even higher above this number. Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 11 Apr 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=493http://www.pitguru.com/Article.aspx?cmd=detail&id=494It was a strong week for coffee prices which rallied 20 cents from a low of 254. That move, ahead of Friday's option expiration, set the wheels of bulls thinking of $3.00 again. Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 11 Apr 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=494http://www.pitguru.com/Article.aspx?cmd=detail&id=495Precious metals once again had another stellar week this time breaking the huge resistance in Gold at $1,450 and rallying to new heights at $1,470. Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 11 Apr 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=495http://www.pitguru.com/Article.aspx?cmd=detail&id=496On Friday traders saw the USDA come out with a bearish farce that in my opinion the market wisely faded. The shocking aspect of the trade was the lack of changes to ending stocks. How can the USDA justify a shockingly bullish stocks report then show no change to old crop stocks on the monthly WASDE report?Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 11 Apr 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=496http://www.pitguru.com/Article.aspx?cmd=detail&id=487On Friday traders saw another monster upside move in corn with a limit move at points in the session before small profit taking brought the market just under limit to close the week. Beans lost ground on profit taking and a lack of follow through buying. The 50-day MA offered solid support that the overnight rallied off of. Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 04 Apr 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=487http://www.pitguru.com/Article.aspx?cmd=detail&id=488The S&P continued its rally gaining over 1.4% on broad-based gains. Low interest rates, relatively low inflation, somewhat strong earnings, healthy balance sheets, and Federal policy has kept the market bullish.Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 04 Apr 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=488http://www.pitguru.com/Article.aspx?cmd=detail&id=489A bit of role reversal in the energy market last week as crude had all the making of liquidating with a bearish DOE numbers of +2 million barrels that sent this market to $103.50, but a quick reversal of flatprice came about and has sent the crude oil market past resistance of $106 to trade at $108.50. Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 04 Apr 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=489http://www.pitguru.com/Article.aspx?cmd=detail&id=490The all important first look at plantings provided cotton with support as the figure was not as high as anticipated. Exports for the new crop (Dec) reacted in solid fashion, so the tone is set for the new crop to advance. Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 04 Apr 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=490http://www.pitguru.com/Article.aspx?cmd=detail&id=491Precious metals had a mixed week last week trying to trade to new heights. The gold market hit at $1,449 before losing its footing and sliding back to $1,415 only to rally back up to $1,440 where the price sits right now. Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 04 Apr 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=491http://www.pitguru.com/Article.aspx?cmd=detail&id=484Crude Oil had a very dull week as traders were watching the headlines waiting patiently for any news to move the flatprice in either direction but to no avail as May Crude stayed around $105.Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 28 Mar 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=484http://www.pitguru.com/Article.aspx?cmd=detail&id=485The United States is in an inflationary environment whether the government agrees to it or not. Markets are jumpy and at times, usually the wrong times, trading becomes thin.Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 28 Mar 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=485http://www.pitguru.com/Article.aspx?cmd=detail&id=486Precious metals had a peculiar week. Gold rallied to new heights over $1,445 but had no real conviction in keeping the price above there and has subsequently pulled back $25 right now to $1,422. Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 28 Mar 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=486http://www.pitguru.com/Article.aspx?cmd=detail&id=479The market appears to be reacting positively to the military action in Libya which may help stabilize the situation in the Middle East. The nuclear power plant in Fukushima has smoke coming out at reactor 2 & 4. Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 21 Mar 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=479http://www.pitguru.com/Article.aspx?cmd=detail&id=480Crude had a very wild ride last week selling off to $97 in May only to come back +$7 as bombings began in Libya over the weekend. The USD has broken the $1.40 barrier on the Euro/USD and this is adding to oil's gain as May crude is up to $104. Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 21 Mar 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=480http://www.pitguru.com/Article.aspx?cmd=detail&id=481Did you ever get the impression that just when you commit to a fresh long (or short) position, the market you're trading then swiftly decides to go the other way against you?Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 21 Mar 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=481http://www.pitguru.com/Article.aspx?cmd=detail&id=482Precious metals have benefited from a weak USD and continuing tensions in the Middle East to trade much higher this past week with Gold looking to test the high of $1,445 again.Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 21 Mar 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=482http://www.pitguru.com/Article.aspx?cmd=detail&id=483On Friday traders saw another screaming upside move with some level of rationale moving back into the market. Corn was the strength hitting limit higher briefly before sagging into the latter half of the session. A late pop got the market back much of the late losses allowing for the market to close near highs supporting fresh bullish positions. Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 21 Mar 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=483http://www.pitguru.com/Article.aspx?cmd=detail&id=474Stocks are selling off as the crisis continues to worsen in Japan. Two reactors have exploded but minimal risk of exposure is expected. This has created concern in the States that older nuclear plants needs to be shut down and or upgraded. Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 14 Mar 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=474http://www.pitguru.com/Article.aspx?cmd=detail&id=475Crude oil's charge higher took an abrupt stop last week as the huge Earthquake in Japan rocked the world on Friday morning and sent the oil price tumbling $4 to below $100 per barrel. Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 14 Mar 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=475http://www.pitguru.com/Article.aspx?cmd=detail&id=476This past week, after reaching new high levels, the soft markets fell back, some harder than others. While fundamentally supply demand did not change overnight, technically this type of action may attract additional selling, especially from longs seeking to realize profits. Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 14 Mar 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=476http://www.pitguru.com/Article.aspx?cmd=detail&id=477Precious metals bounced off support levels last week to trade higher as the USD lost ground against other major currencies with the flight to safety play in effect as a huge earthquake rocked Japan and the tensions in the Middle East continue. Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 14 Mar 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=477http://www.pitguru.com/Article.aspx?cmd=detail&id=478On Friday markets saw another downside move due to the earthquake in Japan and the unrest that offered to world markets. The Day of Rage in Saudi was a minor impact overall but added to world unrest pulling money out of agriculture and commodities as a whole.Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 14 Mar 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=478http://www.pitguru.com/Article.aspx?cmd=detail&id=469The situation in Libya has escalated and with it so has oil. The death toll is estimated to be between 1,000 and 2,000. Other members of oil producing countries pledged to sell more barrels to the U.S. to make up for the lack of production in Libya. Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 07 Mar 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=469http://www.pitguru.com/Article.aspx?cmd=detail&id=470Another week of rallying energy prices continued as tension in the Middle East, a falling dollar, and rising Greek debt issues fueled the fire under crude prices. Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 07 Mar 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=470http://www.pitguru.com/Article.aspx?cmd=detail&id=471As revolution spreads in the Middle East and Africa, in America, our Fed pursues a policy that is inflationary. What is troublesome however is that our administration has yet to set forth a clear policy towards the political changes abroad, and politicians bicker over budgets. Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 07 Mar 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=471http://www.pitguru.com/Article.aspx?cmd=detail&id=472Precious metals continuing to move higher as last week saw a significant breakthrough in the Gold price of $1,430 which was huge resistance with this market testing this four times now. Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 07 Mar 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=472http://www.pitguru.com/Article.aspx?cmd=detail&id=473On Friday markets saw a stronger start with beans and wheat leading the way. Corn failed to make new contract highs so coupled with the continued rise in crude the market ran into profit taking across the board…again. Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 07 Mar 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=473http://www.pitguru.com/Article.aspx?cmd=detail&id=465A few things have stimulated the market this morning that could create a buying interest. Warren Buffet mentioned that Berkshire Hathaway may commit to a record spending spree over the next year. Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 28 Feb 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=465http://www.pitguru.com/Article.aspx?cmd=detail&id=466The energy sector had a very bumpy ride as tension in Libya mounted a full on rally to help blast crude above $100 in the earlier part of the week to above $103. Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 28 Feb 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=466http://www.pitguru.com/Article.aspx?cmd=detail&id=467Coffee has seen some serious liquidation in options this week. Is this taking money off the table, or a change in market sentiment? Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 28 Feb 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=467http://www.pitguru.com/Article.aspx?cmd=detail&id=468Precious metals had a similar week to the energies as prices were very volatile, rallying in the early part of the week with silver reaching over $35 an ounce. Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 28 Feb 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=468http://www.pitguru.com/Article.aspx?cmd=detail&id=461Crude Oil had a whipsaw like week that saw the flatprice move between $85 and $88.50 as Mubarak was playing musical chairs with his presidency, sparking rallies and sell offs alike.Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 14 Feb 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=461http://www.pitguru.com/Article.aspx?cmd=detail&id=462In cotton, it's still anybody's guess as to where (and when) this market may find a top. On Friday afternoon March options expired, and went out hugging $1.90.00.Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 14 Feb 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=462http://www.pitguru.com/Article.aspx?cmd=detail&id=463Precious metals had a nice week last week moving higher on the Egyptian departure of Mubarak as Gold rallied to just under $1,370 before giving back some gains to $1,360. Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 14 Feb 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=463http://www.pitguru.com/Article.aspx?cmd=detail&id=464On Friday markets saw a choppy session with corn and wheat fighting to the upside while beans took another downside move based on expectations of Chinese demand moving to S. American shores. Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 14 Feb 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=464http://www.pitguru.com/Article.aspx?cmd=detail&id=455This week is a slow week in economic data but this does not mean the reports we do have are irrelevant. Danaher announced that they will be buying Beckman Coulter for 6.8 billion or $83.50 a share.Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 07 Feb 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=455http://www.pitguru.com/Article.aspx?cmd=detail&id=456I think traders needed to fade the rally in the flatprice and spreads last week as there was a big premium put into both flatprice and spreads with the geopolitical tension in Egypt being lowered as Mubarak said he will not confirm run for office. Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 07 Feb 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=456http://www.pitguru.com/Article.aspx?cmd=detail&id=457I spent the weekend traveling, then returned late to watch the end of the game, so please excuse this brief report. Sugar held well and likely will make efforts to break out of its range between 3450 and 3030. Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 07 Feb 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=457http://www.pitguru.com/Article.aspx?cmd=detail&id=458Precious metals had a nice rally last week and look to continue this week as gold is above $1,350 and looking healthy here. Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 07 Feb 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=458http://www.pitguru.com/Article.aspx?cmd=detail&id=459Friday saw a choppy lower market before corn snapped to the upside following information that the domestic grind will increase to cover high fructose corn syrup. This is a direct substitute for sugar which is in trouble following the cyclone.Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 07 Feb 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=459http://www.pitguru.com/Article.aspx?cmd=detail&id=450Traders may see a bounce in the market today due to testing a market that sold off on Friday. People are watching Egypt’s issues closely as unrest continues.Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 31 Jan 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=450http://www.pitguru.com/Article.aspx?cmd=detail&id=451Surely the tensions in Egypt, and throughout the Middle East, will be the primary focus this week, and rightfully so. However, it will ultimately be how investors interpret events and any diplomatic responses that will prime the flow of money, which will dictate price movement. Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 31 Jan 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=451http://www.pitguru.com/Article.aspx?cmd=detail&id=452On Friday traders saw a very quiet market in spite of the significant rally in crude oil. All commodities showed moderate losses on the week save wheat which eked out a minor gain.Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 31 Jan 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=452http://www.pitguru.com/Article.aspx?cmd=detail&id=453Crude oil saw a huge spike in price on Friday from the tension surrounding Egypt rallying all the way up some $4 to $89.34 in March flatprice as everyone started to cover shorts on flatprice, spreads, and brent spreads.Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 31 Jan 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=453http://www.pitguru.com/Article.aspx?cmd=detail&id=454Precious metals saw a spike in price off of the Egypt tension last week as Gold rallied from $1,300 to $1,330 and Silver moved up to $27 as investors flocked to safety amid turmoil going on in the Middle East. Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 31 Jan 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=454http://www.pitguru.com/Article.aspx?cmd=detail&id=445The S&P had a notable 7 week run which came to a halt last week. It is flat at 1280.00 in the premarket as investors weigh earnings numbers. Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 24 Jan 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=445http://www.pitguru.com/Article.aspx?cmd=detail&id=446Crude Oil had a bit of a turnaround last week as investors and traders alike sold the energy sector on profit taking and higher inventory supply as the March flatprice come off to $88. Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 24 Jan 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=446http://www.pitguru.com/Article.aspx?cmd=detail&id=447I read where we should "Prepare for the next round of food inflation worldwide." In Cocoa news:Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 24 Jan 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=447http://www.pitguru.com/Article.aspx?cmd=detail&id=448The precious metals markets have seen shades of breaking down the last week as Gold and Silver got sold off, breaking some key short term support levels. Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 24 Jan 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=448http://www.pitguru.com/Article.aspx?cmd=detail&id=449On Friday the trade saw one of the biggest swings in a short time period in recent memory. For example, the corn market made new highs at 667 only to drop 13-cents in the next 4 minutes setting daily lows. Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 24 Jan 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=449http://www.pitguru.com/Article.aspx?cmd=detail&id=441In emerging markets today it seems as though China had a surplus of $13 billion which points to exports not selling as fast. It was expected that the surplus would be over $20 billion. Spain and Portugal are seeing yields rise over debt concerns and the ECB has decided to buy this debt to keep yields down.Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 10 Jan 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=441http://www.pitguru.com/Article.aspx?cmd=detail&id=442Crude Oil came off from the highs of $90+ to the big support at $87 last week as there was a pool of buyers at this level playing the technical game. Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 10 Jan 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=442http://www.pitguru.com/Article.aspx?cmd=detail&id=443The first week of 2011 turned out to be lower for most of the softs and volatile. Sugar led the way, with cotton not far behind as both moved about in very large ranges. Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 10 Jan 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=443http://www.pitguru.com/Article.aspx?cmd=detail&id=444Precious metals dropped very early to start the week as many took profits above $1,400 in Gold and $30 in Silver. Gold came down to the 200 day moving average at $1,365 and have been consolidating at this level for the past few days now. Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 10 Jan 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=444http://www.pitguru.com/Article.aspx?cmd=detail&id=438Precious metals continued to rally last week and will likely do the same this week as Gold traded up to $1,420 as investors gobbled up the yellow metal in front of the big resistance number at $1,430. Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 03 Jan 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=438http://www.pitguru.com/Article.aspx?cmd=detail&id=439Crude Oil had a sharp spike to end the week as it rallied +$2 to close above $91. It looks to me like the start of the new year will have a bit of a spike to it as I believe Crude will retest the $92 level area.Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 03 Jan 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=439http://www.pitguru.com/Article.aspx?cmd=detail&id=440Looking back at last week the markets saw a good upside move across the board in agricultural commodities with new money coming into the "hot" topic for the first quarter of 2011. Open interest was up heavily in corn on Friday starting off the year at a whopping 1.5495 million contracts This is a positive but sobering factor to many players. Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 03 Jan 2011 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=440http://www.pitguru.com/Article.aspx?cmd=detail&id=434Stocks are predicted to rise over the next few days after Obama signed the $858 billion package that renewed tax cuts for this year and next. Economists believe that it may bolster economic growth but others think it may just increase the deficit. Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 20 Dec 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=434http://www.pitguru.com/Article.aspx?cmd=detail&id=435The energies had another stable week as Crude Oil was range bound again from $87 to $90 as there has been a tight market for the last two weeks now. Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 20 Dec 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=435http://www.pitguru.com/Article.aspx?cmd=detail&id=436As the year of 2010 comes to an end I am of the opinion that we haven't seen anything yet. Sure Cotton, Sugar and Coffee have had huge moves up this year, but I expect even more fireworks in 2011.Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 20 Dec 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=436http://www.pitguru.com/Article.aspx?cmd=detail&id=437Precious metals, just like the energies markets, stayed pretty level last week as Gold had a range from $1,360 to $1,390. This market appears to be consolidating at the $1,380 level as traders buy on the recent dip. Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 20 Dec 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=437http://www.pitguru.com/Article.aspx?cmd=detail&id=430OPEC has kept inventories levels unchanged this weekend as prices stayed relatively unchanged last week with a range of $90.70 to $87.50 a barrel on the NYMEX. “OPEC has maintained a production target of 24.845 million barrels a day since December 2008, the longest period that quotas have stayed unchanged since they were first used in 1982. Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 13 Dec 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=430http://www.pitguru.com/Article.aspx?cmd=detail&id=431A shortage can be driven by demand, or supply, or both. I think demand for commodities is on the rise as they grow in favor among investors. This growing demand leaves open the opposite end, the supply of willing sellers. Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 13 Dec 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=431http://www.pitguru.com/Article.aspx?cmd=detail&id=432Precious metals took a dive last week as profit taking occurred after Gold rallied up to new heights at $1,430 and Silver traded up to $3.70. The good news for Gold bugs and longs out there is that the yellow metal has now been consolidating at the $1,385-$1,390 level waiting for its next move higher above the $1,400 mark. Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 13 Dec 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=432http://www.pitguru.com/Article.aspx?cmd=detail&id=433Friday saw a lower session following a choppy low volume trade. The reaction to the WASDE report was muted with no real information offered to the trade. The only real surprise was the by class wheat breakdown with more HRW seen than expected. Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 13 Dec 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=433http://www.pitguru.com/Article.aspx?cmd=detail&id=425On Friday traders saw a solid rally across the floor following a massive pop in the Euro versus the USD. Crude oil prices continue to rally offering another incentive for corn with Ethanol now looking to move out of government subsidies.Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 06 Dec 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=425http://www.pitguru.com/Article.aspx?cmd=detail&id=426Precious metals had a huge week as Gold soared above $1,400 once again and Silver rallied to $30. These markets have risen very nicely since the dip to $1,320.Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 06 Dec 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=426http://www.pitguru.com/Article.aspx?cmd=detail&id=427It is becoming more and more obvious that I can no longer look at the cotton market (or any of the Soft markets for that matter) in the same way I used to. I feel that the way things are going all it takes is two consecutive days in one direction to signal that the tide has changed and when it changes the tsunami begins and the tide overwhelms.Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 06 Dec 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=427http://www.pitguru.com/Article.aspx?cmd=detail&id=428The market got bad employment news last week with non-farm payrolls data. The national unemployment rate moved to 9.8% and supplies increased in Crude Oil and Cushing Oklahoma, yet the energy markets made new yearly highs .....Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 06 Dec 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=428http://www.pitguru.com/Article.aspx?cmd=detail&id=429Concerns about debt issues overseas seem to be applying pressure on the market place. Major European indices are currently down while the Nikkei fell 0.11%. Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 06 Dec 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=429http://www.pitguru.com/Article.aspx?cmd=detail&id=420Retail sales seem to be strong as the holiday season began the end of last week. Online spending is up over 14% from Thanksgiving through Saturday. Investors have been timid with spending since the recession. Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 29 Nov 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=420http://www.pitguru.com/Article.aspx?cmd=detail&id=421Energies are called slightly higher to start the week at $84.35 in crude oil after consolidating at the $81 level in the January contract. The Europe debt crisis is back in swing with Ireland having major problems and Portugal and Spain heading into the same mix sending the Euro/USD below $1.33. Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 29 Nov 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=421http://www.pitguru.com/Article.aspx?cmd=detail&id=422This is a time of year when traders might best be apt to look to a winding down of the year’s activity and for prices to consolidate. And while this may prove true for some markets, with fund managers no longer actively chasing values, the macro picture still seems to have the attention of investors this past month.Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 29 Nov 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=422http://www.pitguru.com/Article.aspx?cmd=detail&id=423Both gold and silver have been oddly trading above $1,355 and $26 respectively even as the market has seen a huge spike in the USD and sell off in the euro as a result of the Eurozone debt crisis. Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 29 Nov 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=423http://www.pitguru.com/Article.aspx?cmd=detail&id=424Friday saw a rather lackluster options expiration with the market remaining in a tight range all session. No real move against any high volume strike in corn left the trade directionless with the macro side quiet as most banks were closed. Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 29 Nov 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=424http://www.pitguru.com/Article.aspx?cmd=detail&id=415The energies had a great start to the week, rallying to new two-year highs in Crude Oil as prices surged past $88 per barrel but faltered in the later stages of the week as growing concerns over debt crisis in Europe popped back into the mix as Ireland is now under scrutiny. Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 15 Nov 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=415http://www.pitguru.com/Article.aspx?cmd=detail&id=416The entire soft complex appears to have ended an extended bullish phase and left behind formidable peaks this past week. Once it became apparent that the new highs (made early in the week) were failing and that a top was being formed, sellers took over and pressured values. Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 15 Nov 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=416http://www.pitguru.com/Article.aspx?cmd=detail&id=417Precious metals, like all other commodities, were having a great week as Gold raced to $1,420 and Silver almost eclipsed $30 but word got out Friday that the European debt crisis still loomed large. Ireland now in trouble of defaulting which sent the Euro on a tailspin and the metals markets to collapse as Gold lost more than $45 Friday to trade out to $1,360. Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 15 Nov 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=417http://www.pitguru.com/Article.aspx?cmd=detail&id=418Friday saw a dismantling of the whole commodity sector with currencies and talk of Chinese inflation hammering weak length. Corn was limit lower lacking any real synthetic market. Bean oil was the only real synthetic and that was thin at best. Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 15 Nov 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=418http://www.pitguru.com/Article.aspx?cmd=detail&id=419Retail sales came in higher for the month of October, showing a 1.2% increase. It was expected to be around half of what was announced today. Auto sales were the major contributor to the inflated number.Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 15 Nov 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=419http://www.pitguru.com/Article.aspx?cmd=detail&id=410There is no economic data being announced this morning, and traders may evaluate the market and the rally that has transpired over the past few weeks. A bond buying program and positive earnings helped fuel this rally. Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 08 Nov 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=410http://www.pitguru.com/Article.aspx?cmd=detail&id=411The energies sector had a stellar week last week as Crude Oil rose to $87 per barrel as the Fed announced it would buy back US treasuries to the tune of $600 billion instead of $500, propelling the market higher. Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 08 Nov 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=411http://www.pitguru.com/Article.aspx?cmd=detail&id=412The economic environment has prompted the Fed into action in a way that can only be expected to serve the long side of most commodities. This doesn't mean to throw caution to the wind, but the long side should be perceived as attractive and as such given strong consideration.Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 08 Nov 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=412http://www.pitguru.com/Article.aspx?cmd=detail&id=413Precious metals rallied significantly last week after the Fed’s announcement to buy back $600 billion in US treasuries as Gold has rallied to the $1,395 mark again but failed to break the $1,400 level for the second time. Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 08 Nov 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=413http://www.pitguru.com/Article.aspx?cmd=detail&id=414Friday saw a messy session with wheat and bean oil leading the way higher on relationship buying ahead of the report. Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 08 Nov 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=414http://www.pitguru.com/Article.aspx?cmd=detail&id=405Personal spending slowed to 0.2% for the month of September which is under the gains of 0.5% for July and August. Incomes have fallen 0.1% as well which is a change from the 0.4% rise in August. Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 01 Nov 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=405http://www.pitguru.com/Article.aspx?cmd=detail&id=406Crude Oil still stuck in this trading range but after this week the market will have much better direction on where it wants to go after the FOMC meeting and the non-farm payrolls at the end of the week. Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 01 Nov 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=406http://www.pitguru.com/Article.aspx?cmd=detail&id=407Tuesday is Election Day and with it may come euphoria, but can things really change? I have no positions towards which I feel genuinely excited.Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 01 Nov 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=407http://www.pitguru.com/Article.aspx?cmd=detail&id=408Gold and Silver both have rallied since being semi liquidated the last two weeks as new buyers came into the market as the Euro rallied against the USD ahead of the FOMC meeting this week. Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 01 Nov 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=408http://www.pitguru.com/Article.aspx?cmd=detail&id=409Last week saw an overall bullish sentiment move back into the market with wheat leading the way. Traders saw the previous week’s COT and saw that wheat was the only short on the floor.Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 01 Nov 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=409http://www.pitguru.com/Article.aspx?cmd=detail&id=400The Fed is starting to look at mortgage companies and the procedures they used on foreclosures. The practices that have been used are expected to be determining if there are weaknesses in the system. Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 25 Oct 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=400http://www.pitguru.com/Article.aspx?cmd=detail&id=401Well, here the market is, back in the middle of the range again as crude oil is trading at $83.50 after trying again to test the lows of $80.Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 25 Oct 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=401http://www.pitguru.com/Article.aspx?cmd=detail&id=402Cotton prices surged last week and are apt to surge again this week. The ride into new highs will take values to places never seen before in futures. Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 25 Oct 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=402http://www.pitguru.com/Article.aspx?cmd=detail&id=403The precious metals liquidation was here, but it was gone in a flash as the Euro climbed higher and Gold and Silver start out up big in the early part of the trade week. Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 25 Oct 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=403http://www.pitguru.com/Article.aspx?cmd=detail&id=404Friday saw a choppy lower session with both corn and beans following the script gravitating back to the highest open interest strikes at $5.60 and $12.00. Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 25 Oct 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=404http://www.pitguru.com/Article.aspx?cmd=detail&id=396Citigroup earned $2.15 billion compared to a loss of $3.24 billion last year at this time. It is still owned by the government but shares are being sold back slowly. Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 18 Oct 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=396http://www.pitguru.com/Article.aspx?cmd=detail&id=397Energies had a bit of a steady week last week but settled on the downside of things at $81.25 in Crude Oil as traders started taking profit with the market looking to roll over below $80. Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 18 Oct 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=397http://www.pitguru.com/Article.aspx?cmd=detail&id=398T'was a wild and woolly week in the Softs! Cotton established new all time record high, moving double limit up on Thursday. Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 18 Oct 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=398http://www.pitguru.com/Article.aspx?cmd=detail&id=399Precious Metals finally had a day of liquidation as Gold was down $25 and Silver down some 20 cents on Friday as investors took profits as the Euro lost more than a penny and a half after reaching $1.4150. Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 18 Oct 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=399http://www.pitguru.com/Article.aspx?cmd=detail&id=391The Federal Reserve announced that it will be buying more toxic assets in the month of November. This is positive news for Wall Street as the economy moves forward toward recovery.Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 11 Oct 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=391http://www.pitguru.com/Article.aspx?cmd=detail&id=392Crude Oil traded up to the huge resistance at $84.50 on the NYMEX last week as equities continued to rise along with the weakness in the USD.Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 11 Oct 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=392http://www.pitguru.com/Article.aspx?cmd=detail&id=393Sugar too closed at new high levels and has already begun the week on a strong note. Apparently there are some legitimate shortages in the physical market that have caused a great deal of short covering.Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 11 Oct 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=393http://www.pitguru.com/Article.aspx?cmd=detail&id=394The movement in the precious metals has just been phenomenal and I am truly shocked that the market hasn't seen any real profit taking occur as Gold reached a high of $1,363 with Silver up above $22.30 as these markets just continue to move higher.Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 11 Oct 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=394http://www.pitguru.com/Article.aspx?cmd=detail&id=395On Friday the market saw the WASDE shoot things higher with a limit move across the board following a shocking reduction in corn production and yield with a surprising reduction in bean yield helping overall momentum.Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 11 Oct 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=395http://www.pitguru.com/Article.aspx?cmd=detail&id=386Traders will be looking at economic data that will be announced toward the end of the week. August factory orders and home sales that are pending could set the tone for the rest of the work week.Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 04 Oct 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=386http://www.pitguru.com/Article.aspx?cmd=detail&id=387Crude Oil did it last week, rallying from the mid $75 range up over $80 as good economic news came out and the inventory report showed a draw back in crude supplies. Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 04 Oct 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=387http://www.pitguru.com/Article.aspx?cmd=detail&id=388It was apparent that funds were involved in liquidating positions late last week. Mostly this seemed focused in Sugar and Cotton, but Coffee and Cocoa saw some too.Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 04 Oct 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=388http://www.pitguru.com/Article.aspx?cmd=detail&id=389Gold and Silver still showing no signs of turning back around as both of these markets continue to push higher to new levels for 2010. Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 04 Oct 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=389http://www.pitguru.com/Article.aspx?cmd=detail&id=390On Friday I saw a total destruction of the grain markets with massive liquidation of flat price long positions with money moving out of Agriculture and soft commodities into Energies and precious metals. Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 04 Oct 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=390http://www.pitguru.com/Article.aspx?cmd=detail&id=382There is no important economic announcement today so attention has been diverted to corporate takeovers and mergers. Unileaver NV bought Alberto culver and Southwest is willing to buy AirTran holdings.Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 27 Sep 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=382http://www.pitguru.com/Article.aspx?cmd=detail&id=383After a week of needed correction among bullish leaders in the soft markets, those same leaders appear ready to try and resume the upside once again. Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 27 Sep 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=383http://www.pitguru.com/Article.aspx?cmd=detail&id=384Somewhat strong week for the energy markets as Crude Oil closed out above $76 as the S&P rallied to above 1140 breaking key 1130 resistance. Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 27 Sep 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=384http://www.pitguru.com/Article.aspx?cmd=detail&id=385Gold has eclipsed the $1,300 mark for the first time ever as Gold bugs are still pouring in to this market with the rallying of the Euro/USD which is now above $1.30. Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 27 Sep 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=385http://www.pitguru.com/Article.aspx?cmd=detail&id=377The market is waiting for the Federal Reserve meeting in the latter part of the week. The argument is: should the government keep buying toxic assets to help with the recovery?Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 20 Sep 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=377http://www.pitguru.com/Article.aspx?cmd=detail&id=378Looks like an interesting week ahead for the leaders. Been in bull markets in several key components of the Soft complex. Coffee, sugar and cotton prices have all staged nice rallies.Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 20 Sep 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=378http://www.pitguru.com/Article.aspx?cmd=detail&id=379On Friday I continued to hear about failing corn yields all over the US leading corn and the rest of the floor significantly higher. There was a general buying spree all session with global weather and commercial covering adding to the overall upside emphasis. Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 20 Sep 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=379http://www.pitguru.com/Article.aspx?cmd=detail&id=380Crude Oil looking to rebound from a dip in the market last week and now with the November contract being spot month with October expiring I think you will see a bit of a lift in the market, especially with the WTI spreads and arbs having liquidated. Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 20 Sep 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=380http://www.pitguru.com/Article.aspx?cmd=detail&id=381Precious metals once again on the rise this week as Gold barreled through the $1,265 resistance and is now headed towards $1,300. Silver also having a great ride up as it goes beyond the $21 mark.Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 20 Sep 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=381http://www.pitguru.com/Article.aspx?cmd=detail&id=373A report today showed that banks do not have to make adjustments until 2019 on the amount of money they have to hold, which is used just in case there are large losses.Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 13 Sep 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=373http://www.pitguru.com/Article.aspx?cmd=detail&id=374The pipeline leak that the market saw on Thursday is still in effect here as Crude Oil gets bid for above $77 as the structure of the Oil curve rallies with the wti spreads gaining another 20 cents in each of the first two spreads over the weekend. Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 13 Sep 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=374http://www.pitguru.com/Article.aspx?cmd=detail&id=375Among the soft complex, sugar, coffee and cotton prices have all been trending higher. At times they act surprisingly strong. Sugar values ended this past (holiday shortened) week in such a fashion, ripping higher, before tapering off Friday afternoon in a bout of profit taking.Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 13 Sep 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=375http://www.pitguru.com/Article.aspx?cmd=detail&id=376Looks like the precious metals are probing the downside here as Gold tried as it could but did not get over the huge resistance of $1,265. Now with a rallying equity and oil markets the price of Gold looks to head down to $1,230 on the COMEX.Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 13 Sep 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=376http://www.pitguru.com/Article.aspx?cmd=detail&id=368It was a big turnaround for the energy markets especially in crude and the products as GDP numbers came in a bit better than expected in Q2 at 1.6% to help thrust energies higherEnergiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 30 Aug 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=368http://www.pitguru.com/Article.aspx?cmd=detail&id=369Precious metals faded toward the end of the week as GDP reports were better than expected giving this market reason for investors to sell and take profits. Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 30 Aug 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=369http://www.pitguru.com/Article.aspx?cmd=detail&id=370Potentially, there are two major bullish technical patterns forming among the soft groupSoftssales@futurespress.com (PitGuru Daniel Cronin)Mon, 30 Aug 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=370http://www.pitguru.com/Article.aspx?cmd=detail&id=371The S&P may need to stay above 1066.00 in order to show it can take a few hits from the bear claw.Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 30 Aug 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=371http://www.pitguru.com/Article.aspx?cmd=detail&id=372On Friday corn eclipsed the fabled $4.39 level only to find a lack of excitement above, allowing for the trade to be pressured by profit-taking.Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 30 Aug 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=372http://www.pitguru.com/Article.aspx?cmd=detail&id=363The energy complex was down in all sectors last week as initial jobless claims grew more than expected sending the equity markets lower, Euro lower, and thus the energy sector lower.Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 23 Aug 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=363http://www.pitguru.com/Article.aspx?cmd=detail&id=364When traders start buying defensive stocks this should be a stop sign for investorsFinancialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 23 Aug 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=364http://www.pitguru.com/Article.aspx?cmd=detail&id=365Friday the market saw bean oil get beat up once again along with a macro decline but corn held the floor from total collapse as hefty upside call buying continues in deferred months.Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 23 Aug 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=365http://www.pitguru.com/Article.aspx?cmd=detail&id=366Not looking for any major moves this week among the Softs.Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 23 Aug 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=366http://www.pitguru.com/Article.aspx?cmd=detail&id=367Precious metals rallied again last week to $1,240 in gold as investors dove into safe haven markets as the equity markets headed lower on bad economic dataMetalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 23 Aug 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=367http://www.pitguru.com/Article.aspx?cmd=detail&id=358The energy market slid down 6% last week as this market got liquidated after a weak jobs number to start the month and the Fed's decision to hold steady on interest ratesEnergiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 16 Aug 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=358http://www.pitguru.com/Article.aspx?cmd=detail&id=359Japan reported a very small increase in its GDP for the second quarter of 0.1%Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 16 Aug 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=359http://www.pitguru.com/Article.aspx?cmd=detail&id=360On Friday the market saw wheat chop in a narrow range losing in the end with corn fighting back to positive with the complex higher led by a surge in bean oil supported by a jump in open interestGrainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 16 Aug 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=360http://www.pitguru.com/Article.aspx?cmd=detail&id=361This past week the USDA increased beginning US cotton stocks slightly by reducing past exports. World production showed an increase (to 116.85 million bales), but even with global production 14.7 million bales higher than last year, usage is projected at 120.87 million balesSoftssales@futurespress.com (PitGuru Daniel Cronin)Mon, 16 Aug 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=361http://www.pitguru.com/Article.aspx?cmd=detail&id=362Precious metals did some nice rallying the last few weeks as the gold market has traded above $1,200 and is testing the $1,220 mark on the COMEXMetalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 16 Aug 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=362http://www.pitguru.com/Article.aspx?cmd=detail&id=354Crude oil did a bit of a sell off on Friday with a healthy pullback to $80 as the non-farm payrolls came out worse than expected with a loss of 140k jobs. Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 09 Aug 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=354http://www.pitguru.com/Article.aspx?cmd=detail&id=355Precious metals gaining some recognition after rallying, albeit in very minimal increments for the past two weeks now after getting liquidated to $1,157 in gold.Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 09 Aug 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=355http://www.pitguru.com/Article.aspx?cmd=detail&id=356Late last week the market saw some lucidity come back into the wheat market with a limit down day allowing for expanded limits which will not be needed to start this week. Corn and beans remained flat after chopping around all session leaving both short of weekly range highsGrainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 09 Aug 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=356http://www.pitguru.com/Article.aspx?cmd=detail&id=357The Federal Reserve will be making comments later this week so trading may be slow until then. Unless economic data comes in strong or misses its target it is wise to sit on the sidelines until the Fed announces its plans.Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 09 Aug 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=357http://www.pitguru.com/Article.aspx?cmd=detail&id=349The energy sector reflected almost the exact same as the week of Jul 19th despite declining inventory levels as crude prices rose to above $79.00 after falling below $76.Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 02 Aug 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=349http://www.pitguru.com/Article.aspx?cmd=detail&id=350China is showing a descent rise in car sales as auto production rose 12.9%. China has beaten the United States in sales due to tax cuts and subsidies given to citizens to switch to more fuel efficient vehicles.Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 02 Aug 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=350http://www.pitguru.com/Article.aspx?cmd=detail&id=351THE RALLY CONTINUES. An explosion higher late last week continued overnight with wheat moving almost 30 higher dragging the rest of the floor with heavy gains in OI seen in the big three.Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 02 Aug 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=351http://www.pitguru.com/Article.aspx?cmd=detail&id=352During the past week both coffee and sugar led the way up and showed leading strength in the soft complex.Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 02 Aug 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=352http://www.pitguru.com/Article.aspx?cmd=detail&id=353Precious metals got liquidated last week, especially in the gold market as prices broke the support of $1,180 on the downside to trade at $1,157 in the Aug contract, but recently bounced to $1,180 to close out the week on value buyingMetalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 02 Aug 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=353http://www.pitguru.com/Article.aspx?cmd=detail&id=344The energy markets had a great week last week rallying in all of the sectors as the equity market ticked higher and the Euro continued its torrid pace against the USDEnergiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 26 Jul 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=344http://www.pitguru.com/Article.aspx?cmd=detail&id=345Reports that the middle class is declining should be an eye opener to Wall St. Those who put money into the system from buying cars, houses, or vacations are struggling.Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 26 Jul 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=345http://www.pitguru.com/Article.aspx?cmd=detail&id=346Friday saw a choppy session with beans and wheat posting inside days with corn breaking under the 100-day MA under weight of farmer selling.Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 26 Jul 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=346http://www.pitguru.com/Article.aspx?cmd=detail&id=347After dropping close to 10 cents in the first three sessions last week, coffee bounced on Thursday and then reversed weakness Friday to close KCU at 166. Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 26 Jul 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=347http://www.pitguru.com/Article.aspx?cmd=detail&id=348Precious metals have been showing some weakening signs as the Gold price tried to break through the big support of $1,180 last week.Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 26 Jul 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=348http://www.pitguru.com/Article.aspx?cmd=detail&id=339Crude Oil was mixed last week as the August flatprice rallied above $78.00 at one point after the EIA reported Oil inventories dipped by 5 million barrels but fell off to $76 as the market sold off hard Friday.Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 19 Jul 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=339http://www.pitguru.com/Article.aspx?cmd=detail&id=340JD Power has released their annual survey of investor satisfaction with brokerage firms. The S&P traded up 4 points to 1065 the DOW traded at 10089 up 30 points in premarket trading.Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 19 Jul 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=340http://www.pitguru.com/Article.aspx?cmd=detail&id=341Friday saw the last gasp effort of longs with corn reaching and failing against the 200-day MA, wheat failed to make new near term highs and beans failing to hold new highs.Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 19 Jul 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=341http://www.pitguru.com/Article.aspx?cmd=detail&id=342The soft complex seems to be wavering. Traders seem to be focusing on the larger picture so when consumer sentiment fell on Friday, so too did equities and many commoditiesSoftssales@futurespress.com (PitGuru Daniel Cronin)Mon, 19 Jul 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=342http://www.pitguru.com/Article.aspx?cmd=detail&id=343Gold had all of the factors set in place to rally on Friday as the Euro/USD traded above $1.30 and the equity markets were down some 2%. Yet Gold traded lower to the support of $1,180Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 19 Jul 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=343http://www.pitguru.com/Article.aspx?cmd=detail&id=334A pivotal week ahead for Wall St as earnings are set to make an impactFinancialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 12 Jul 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=334http://www.pitguru.com/Article.aspx?cmd=detail&id=335Crude Oil had a very nice bounce last week as the August flatprice rallied from $71.00 to $76.00 as the equity market rallied from 1000 to 1070 in the S&P.Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 12 Jul 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=335http://www.pitguru.com/Article.aspx?cmd=detail&id=336The soft markets may receive influence from outside markets, equities and the dollar, yet they have recently provided some movement and thus opportunities. Expect that to continue, but in violent choppy fashion.Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 12 Jul 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=336http://www.pitguru.com/Article.aspx?cmd=detail&id=337Precious metals slid last week as investment demand for the Gold market faded just a bit as prices at one time slid below $1,185.Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 12 Jul 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=337http://www.pitguru.com/Article.aspx?cmd=detail&id=338There was little action in corn with the market failing against the recent highs with no weather concerns on the immediate forecast.Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 12 Jul 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=338http://www.pitguru.com/Article.aspx?cmd=detail&id=329This trader has mentioned before over the past year or so that a double recession was possible because of the housing market.Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 28 Jun 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=329http://www.pitguru.com/Article.aspx?cmd=detail&id=330A very strong week in the energy markets even though there was no data to support this rally. Crude ripped higher especially on Friday to close just below $79.00.Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 28 Jun 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=330http://www.pitguru.com/Article.aspx?cmd=detail&id=331The big story among softs continues to be coffee. In my humble opinion, coffee is performing similar to moves previously seen in cotton, sugar and crude, not to mention wheat.Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 28 Jun 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=331http://www.pitguru.com/Article.aspx?cmd=detail&id=332Precious metals once again rose to their highest levels before coming back down a bit as profit taking occurs with gold getting back to the $1,250 level after rising to $1,265.Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 28 Jun 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=332http://www.pitguru.com/Article.aspx?cmd=detail&id=333On Friday the market saw a continued downside pull across the floor with old crop meal and beans holding moderate gains into option expiration. Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 28 Jun 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=333http://www.pitguru.com/Article.aspx?cmd=detail&id=324China announced that it would let the Yuan rise against the dollar. This will allow other countries such as the U.S. to sell products to China at more competitive prices. Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 21 Jun 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=324http://www.pitguru.com/Article.aspx?cmd=detail&id=325Crude Oil broke out of the trading range and busted through the resistance of $76.00-$76.30 to trade higher. Now the market is above $78 as word hits that China signaled an end to currency peg. Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 21 Jun 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=325http://www.pitguru.com/Article.aspx?cmd=detail&id=326Following the price action of the past week coffee traders have now developed into two basic camps, neither of which believes that the price will stay close to $1.60. Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 21 Jun 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=326http://www.pitguru.com/Article.aspx?cmd=detail&id=327Gold has broken the highs in the August contract and is looking to head in the northern direction still as word got out after China signaled an end to the Yuan’s fixed rate to the greenback. Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 21 Jun 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=327http://www.pitguru.com/Article.aspx?cmd=detail&id=328Friday saw a solid rally lacking any real punch heading into the weekend. There was a solid upside bias in all pits but the market seems to lack the whole story.Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 21 Jun 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=328http://www.pitguru.com/Article.aspx?cmd=detail&id=320The energy market was positive last week as crude oil touched a low of $69.50, but also broke the triple top of $75.60 as the Euro continued to rally from the lows, helping spur commodity demand. Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 14 Jun 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=320http://www.pitguru.com/Article.aspx?cmd=detail&id=321The story Friday, and the big story in the soft markets for the week, was the huge surge in coffee prices. The technical break out that occurred Thursday received superior volume on a follow through on Friday as funds were obvious buyers and the July option expiration added fuel to the fire.Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 14 Jun 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=321http://www.pitguru.com/Article.aspx?cmd=detail&id=322Precious metals had a so-so week as gold advanced to its highest point ever at $1,256 only to see profit taking occur in the metal down to $1,215.Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 14 Jun 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=322http://www.pitguru.com/Article.aspx?cmd=detail&id=323Industrial production was reported to be up in over 16 countries. This should start the euro in positive territory for a short time. The Euro is up over 1.22 on this news and may go on a small upward run. Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 14 Jun 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=323http://www.pitguru.com/Article.aspx?cmd=detail&id=315World stocks are down from fears of not only the European crisis but fears for the American job markets. The Dow tumbled over 300 points on Friday because job numbers increased due to census jobs and not because of companies.Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 07 Jun 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=315http://www.pitguru.com/Article.aspx?cmd=detail&id=316Very interesting week in the energy space as everything declined except the natural gas market which rallied as Euro fears heightened and the USD gained to $1.19 Vs the European currency. Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 07 Jun 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=316http://www.pitguru.com/Article.aspx?cmd=detail&id=317Tempted as I may be for a bottoming opportunity, I prefer to be prepared for a defensive week in the softs. The economy certainly isn't showing the type of positive signs that might lead to encouragement and don't expect much help from the dollar getting weak. Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 07 Jun 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=317http://www.pitguru.com/Article.aspx?cmd=detail&id=318Precious metals were relatively weak last week. After running up to $1,230, the gold market it has stalled here and come to trade at $1,210 to head into this week even as the equity markets came crashing down Friday. Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 07 Jun 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=318http://www.pitguru.com/Article.aspx?cmd=detail&id=319Friday saw another macro beat down with the Euro moving under $1.20 versus the USD. There was little to get excited about following export sales adding fundamental weight to the macro pressure with corn showing the worst sales of the crop year. Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 07 Jun 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=319http://www.pitguru.com/Article.aspx?cmd=detail&id=310China seems to be worried about the European debt issue more than the U.S. Globally, countries may import less which may take away valuable income for China.Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 24 May 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=310http://www.pitguru.com/Article.aspx?cmd=detail&id=311The July crude oil contract followed the value of June as crude started out the week at $72.00 before trading all the way down to the support level of $69.00. European debt concerns are still alive in the market.Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 24 May 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=311http://www.pitguru.com/Article.aspx?cmd=detail&id=312The whole situation with Greece reminds me of a marriage gone bad. Instead of a quick divorce, the parties drag things out and air their dirty laundry.Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 24 May 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=312http://www.pitguru.com/Article.aspx?cmd=detail&id=313Precious metals were very strange last week as some got hit very hard. Gold traded down to $1,166 and Platinum had a $1,500 handle on it even as European debt concerns were still looming....Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 24 May 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=313http://www.pitguru.com/Article.aspx?cmd=detail&id=314*Matthew Pierce, our grains guru, will be on vacation this week, and will return after the holiday weekend with more market insight.Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 24 May 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=314http://www.pitguru.com/Article.aspx?cmd=detail&id=305The active volcano in Iceland is still causing problems in Europe. The last thing the Euro needs is more negative news about lost revenue. Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 17 May 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=305http://www.pitguru.com/Article.aspx?cmd=detail&id=306There it is, down goes the Crude Oil market. Crude got absolutely crushed last week down more than 8% to close out at $71.61 as Europe-fears still swirl around the market.Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 17 May 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=306http://www.pitguru.com/Article.aspx?cmd=detail&id=307The markets are being impacted negatively by the events in Europe and that is where the majority of the pressure comes from. Technically coffee is a better buy than a sale, and it has held up better than most, but it is hard to fight the tide.Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 17 May 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=307http://www.pitguru.com/Article.aspx?cmd=detail&id=308The rally keeps on in the Gold market as last week saw the price of the yellow metal rise to new all time highs. It went above $1,225 as the debt crisis overwhelmed the European nations creating a flight to safety in the world’s reserve currency.Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 17 May 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=308http://www.pitguru.com/Article.aspx?cmd=detail&id=309Friday saw more pressure on all markets as the Euro continued to unravel. European equity markets continue their collapse with Asian markets following suit. Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 17 May 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=309http://www.pitguru.com/Article.aspx?cmd=detail&id=300The 16 countries that use the Euro have come to the conclusion that aid is needed. They have agreed that a 1 trillion dollar rescue fund could help ease the debt issues.Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 10 May 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=300http://www.pitguru.com/Article.aspx?cmd=detail&id=301An unbelievable last week as Crude dropped while the VIX spiked over 30 and the DOW had a 15 minute drop below 10,000 only to gain half of that back and more in the next 10 minutes with Greece riots spilling fear into the market. Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 10 May 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=301http://www.pitguru.com/Article.aspx?cmd=detail&id=302Stock prices have surged in response to the move by the European Central Bank. Commodity prices are up. Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 10 May 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=302http://www.pitguru.com/Article.aspx?cmd=detail&id=303Precious metals surged last week as the Greece riots spilled into the streets and fear hit the market resulting in the rally of Gold. Gold prices went over $1,210 and looked to touch the $1,200 level but...... Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 10 May 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=303http://www.pitguru.com/Article.aspx?cmd=detail&id=304Friday saw sluggish upside momentum with beans recovering off Thursday's precipitous drop with corn continuing to fight its way back higher along with wheat which is trying to set new range highs this week.Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 10 May 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=304http://www.pitguru.com/Article.aspx?cmd=detail&id=296Crude oil continues to rally along with RBOB based on the increasingly negative news coming out on the oil spill in the Gulf. Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 03 May 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=296http://www.pitguru.com/Article.aspx?cmd=detail&id=297It's ironic (and scary) to watch as analysts and the news media go on about Europe's debt crisis while our own massive debt at home increases and remains in the background off the stage....Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 03 May 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=297http://www.pitguru.com/Article.aspx?cmd=detail&id=298Gold broke out last week as a strong dollar is no match for global fund allocation into gold. As fears of an EU meltdown and global banking system failures wreak havoc on the currency markets,Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 03 May 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=298http://www.pitguru.com/Article.aspx?cmd=detail&id=299Friday saw a good fight to the upside with late buying helping the overall sentiment heading into the weekend. There was little fundamental news with continued talk of Chinese demand.......Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 03 May 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=299http://www.pitguru.com/Article.aspx?cmd=detail&id=292Oil had a pretty wild ride, dropping last week in the June contract to $81.50 before gaining back its losses to settle relatively unchanged at $85.12. For a second.......Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 26 Apr 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=292http://www.pitguru.com/Article.aspx?cmd=detail&id=293The week ahead ought to have the potential to see what the Soft markets are made of. The potential is always there for news from outside the soft complex to have influence, but directionally......Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 26 Apr 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=293http://www.pitguru.com/Article.aspx?cmd=detail&id=294Precious metals had a very good week considering what was going on with the strengthening in the USD. Gold prices stayed above $1,125 and rallied back up to $1,145..... Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 26 Apr 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=294http://www.pitguru.com/Article.aspx?cmd=detail&id=295Friday saw a profit taking decline with corn taking the worst beating holding the worst technical picture after failing to get above the 38% retracement level. Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 26 Apr 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=295http://www.pitguru.com/Article.aspx?cmd=detail&id=287Is anyone else annoyed about Goldman Sachs? I mean, they basically set the standard for what a perfect Wall St. firm is supposed to be. Consumers are finally coming back to the market and now trust has to be rebuilt once again. Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 19 Apr 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=287http://www.pitguru.com/Article.aspx?cmd=detail&id=288Well, this is what I have been waiting for - the price of Oil as it liquidates down to $80 on the overnight Sunday session. Last week, Crude Oil tried to test the $87 mark again and actually saw its first inventory drop in 11 weeks. Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 19 Apr 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=288http://www.pitguru.com/Article.aspx?cmd=detail&id=289The news of Goldman being accused of fraud by the SEC weighed heavily on the markets, (there may be more coming). Perhaps Wall Street and Goldman should strive to be more like Brian Davis, calling a penalty on himself. Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 19 Apr 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=289http://www.pitguru.com/Article.aspx?cmd=detail&id=290Precious metals are seeing a decline on the COMEX exchange after the news last week came out about Goldman manipulating the Mortgage securities market resulting in the liquidation of most commodities. Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 19 Apr 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=290http://www.pitguru.com/Article.aspx?cmd=detail&id=291The previous week saw a nice continuation of the rally with limited fundamental news supporting the move. The technical picture is nice heading into planting but the macro pressureGrainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 19 Apr 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=291http://www.pitguru.com/Article.aspx?cmd=detail&id=282Over the weekend European leaders came to the decision that they would bail out Greece with over $40 billion dollars. The International Monetary Fund would also be of assistance...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 12 Apr 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=282http://www.pitguru.com/Article.aspx?cmd=detail&id=283A very interesting week in the energy complex as Crude Oil finally started to roll over after the WTI spreads took a severe beating with a 10th week of increasing stockpiles.Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 12 Apr 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=283http://www.pitguru.com/Article.aspx?cmd=detail&id=284Exchanging views with a few friends, each pointed out how sugar prices may well be primed for a short covering rally. After looking quickly at the dollar action......Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 12 Apr 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=284http://www.pitguru.com/Article.aspx?cmd=detail&id=285Precious metals look to have broken out here with the Euro gaining against the USD as.....Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 12 Apr 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=285http://www.pitguru.com/Article.aspx?cmd=detail&id=286Friday saw WASDE offer little to overall direction with only minor shifts seen in ending stocks and world production. The biggest surprise was old crop beans and this was reflected in both flat price and SN-SX.Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 12 Apr 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=286http://www.pitguru.com/Article.aspx?cmd=detail&id=277On Friday, it was announced that March had an increase in jobs of 162,000. It was estimated by economists that 190,000 jobs would be created. This is good news even though...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 05 Apr 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=277http://www.pitguru.com/Article.aspx?cmd=detail&id=278What a week Crude Oil had, literally shooting up $5 in the week from the Sunday night open of $80.30 to the Friday close at $84.87. There was huge resistance at the...Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 05 Apr 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=278http://www.pitguru.com/Article.aspx?cmd=detail&id=279Trading the past week included both the end of the month, as well as the end of the quarter, and concluded with the first day of trading in the new month and quarter. Not much could be garnered from...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 05 Apr 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=279http://www.pitguru.com/Article.aspx?cmd=detail&id=280Precious metals had a very nice week as all commodities gained momentum. The USD weakened from the high it put against the Euro, sending the appeal... Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 05 Apr 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=280http://www.pitguru.com/Article.aspx?cmd=detail&id=281The previous week saw a big passing of information with Monday and Tuesday showing only minor changes. All was in preparation for the "triple witching" the trade had on Wednesday.Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 05 Apr 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=281http://www.pitguru.com/Article.aspx?cmd=detail&id=272I have mentioned over the past few weeks that the market could be due for a sell-off. Housing and job numbers are still in the basement and cash-poor countries are being bailed out. Could the market be getting ready for...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 29 Mar 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=272http://www.pitguru.com/Article.aspx?cmd=detail&id=273Crude oil and other energy products stayed very mum last week with yet another increase in the supply as May Crude Oil settled at $80.00 right on the nose with Heat and Gas cracks slightly losing steam as Oil was...Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 29 Mar 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=273http://www.pitguru.com/Article.aspx?cmd=detail&id=274Cotton prices continued their recent retreat, Coffee prices failed to bust a move higher (although they were given an excellent opportunity), and did manage to close higher for the week. Sugar values...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 29 Mar 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=274http://www.pitguru.com/Article.aspx?cmd=detail&id=275Precious metals lost some of the fanfare last week as the USD rose to a 10 month high against the Euro after word from Greece came out that the country was not getting the necessary aid right away from the European nation. Gold...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 29 Mar 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=275http://www.pitguru.com/Article.aspx?cmd=detail&id=276A week that saw divergence between beans and corn with wheat losing to everything. The commodity story remains quiet ahead of the US planting report with S. American crops all but assured to...Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 29 Mar 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=276http://www.pitguru.com/Article.aspx?cmd=detail&id=267If you were watching basketball this weekend you may have missed the health care bill pass. This is good news for those that do not make a large amount of money. However, those...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 22 Mar 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=267http://www.pitguru.com/Article.aspx?cmd=detail&id=268Energies took a bit of a hit last week with the USD holding steady against other major currencies amid speculation that Greece will not get the necessary aid it needs. This sent the...Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 22 Mar 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=268http://www.pitguru.com/Article.aspx?cmd=detail&id=269Sugar may have disappointed more than a few with Friday's price drop and the inability to put together a better performance behind Thursday's strong close. That market has been...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 22 Mar 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=269http://www.pitguru.com/Article.aspx?cmd=detail&id=270Precious metals headed lower last week as the USD gained against other major currencies amid speculation that Greece will not get any financial aid and India raised their interest rates all helping...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 22 Mar 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=270http://www.pitguru.com/Article.aspx?cmd=detail&id=271The previous week saw a mild upside move in beans, wheat chopped while corn begrudgingly moved higher as well. The lack of interest ahead of the acreage report is...Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 22 Mar 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=271http://www.pitguru.com/Article.aspx?cmd=detail&id=263Today, Van Heusen announced that it would buy Tommy Hilfiger for 3 billion dollars in the next quarter. This will make it one of the largest clothing companies in the world. The market is...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 15 Mar 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=263http://www.pitguru.com/Article.aspx?cmd=detail&id=264The Energy markets were mixed last week as equities were mildly higher, the dollar a bit stronger, oil slightly lower, and Nat Gas the...Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 15 Mar 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=264http://www.pitguru.com/Article.aspx?cmd=detail&id=265Effective this morning, Monday, March 15, 2010 and through and including trade date Friday, March 26, 2010, ICE is implementing a temporary change to...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 15 Mar 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=265http://www.pitguru.com/Article.aspx?cmd=detail&id=266Precious metals had a very tough week as prices pulled back significantly with gold trending down to $1,100 and silver briefly trading below $17. The USD slid by a very small percentage against...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 15 Mar 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=266http://www.pitguru.com/Article.aspx?cmd=detail&id=258Is Cablevision annoying anyone else? First they mess with the Food network - and now ABC. However, they did...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 08 Mar 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=258http://www.pitguru.com/Article.aspx?cmd=detail&id=259The energy markets rallied again last week rising to some of the highest levels of 2010 with a rallying stock market as nonfarm pay rolls declined at a much better rate than anticipated to the tune of -35k. Oil...Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 08 Mar 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=259http://www.pitguru.com/Article.aspx?cmd=detail&id=260Coffee fundamentally has two schools of thought. One where people argue that the new Brazilian crop is closer to 60 million bags, and the other where folks believe that the crop is closer to 48 million bags. The latter includes...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 08 Mar 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=260http://www.pitguru.com/Article.aspx?cmd=detail&id=261Precious metals had a decent week as Gold rallied up to $1,145 and Silver gained more than $1 to trade at $17.75. The USD is in a very tight range here with...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 08 Mar 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=261http://www.pitguru.com/Article.aspx?cmd=detail&id=262The previous week saw a choppy downside with only bean oil showing any type of sustainable strength. This is the time of spreads, as I have stated in morning broadcasts over the previous couple of weeks and subscribers are well aware that...Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 08 Mar 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=262http://www.pitguru.com/Article.aspx?cmd=detail&id=253The week ahead looks like a benign trading week but make sure to avoid getting sucked into the hype of the short rally. The unemployment issues and credit crises overseas have not been fixed. Even Warren Buffet announced...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 01 Mar 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=253http://www.pitguru.com/Article.aspx?cmd=detail&id=254Oil had a very choppy week last week, falling hard (over $3) between Tuesday and Wednesday only to recoup those losses and trade higher (over $3) on Thursday and Friday to...Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 01 Mar 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=254http://www.pitguru.com/Article.aspx?cmd=detail&id=255Month end arrived with little fanfare and no major shocks. Cotton is its own bull market that seems able to shrug its shoulders at negative events taking place in outside markets. The remainder of the soft markets, however...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 01 Mar 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=255http://www.pitguru.com/Article.aspx?cmd=detail&id=256Gold and silver rebounded last week to trade higher even as the USD strengthened to some of the highest levels seen this year on Greece's inability to pay off its debt - and some say are hanging around the edge of...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 01 Mar 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=256http://www.pitguru.com/Article.aspx?cmd=detail&id=257The previous week saw a small rally across the board with corn acting the best… for some reason. There was little action overall with too much...Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 01 Mar 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=257http://www.pitguru.com/Article.aspx?cmd=detail&id=248Lowe's reported positive news this morning. Sales are up 2% to $10.17 billion which beat the estimate of $10.01 billion. Home sales have been climbing, signaling a few possibilities...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 22 Feb 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=248http://www.pitguru.com/Article.aspx?cmd=detail&id=249Energies surged last week with Crude Oil reaching $80.00 a barrel on the NYMEX. It rose 7.7% last week alone as US Commodity Futures Trading Commission data showed that...Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 22 Feb 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=249http://www.pitguru.com/Article.aspx?cmd=detail&id=250The initial move up in rates, a la the Fed rise in the discount rate late Thursday, tends to strengthen the dollar and therefore apply pressure to commodity prices; eventually, once banks start...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 22 Feb 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=250http://www.pitguru.com/Article.aspx?cmd=detail&id=251Precious metals prices gained slightly last week even as the Euro/USD traded down to $1.34 and the Fed raised the discount rate from .25 to .75. Gold closed at $1,121 and was...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 22 Feb 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=251http://www.pitguru.com/Article.aspx?cmd=detail&id=252The previous week saw a very choppy trade leaving things virtually unchanged from the previous week. There was some pressure on the markets as the USD popped following the FED announcement, but this was countered by...Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 22 Feb 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=252http://www.pitguru.com/Article.aspx?cmd=detail&id=243It was announced this morning that consumers are paying off credit cards and purchasing new vehicles. This is now the 11th straight month showing that consumers would rather pay credit cards off. Consumers are still displaying...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 08 Feb 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=243http://www.pitguru.com/Article.aspx?cmd=detail&id=244A very rollercoaster-type week in the energy market as Crude rallied in the beginning of the week to $78 before falling all the way back down to $71.50 on a stronger USD and weaker demand. Debt problems in Greece forced the selling of the...Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 08 Feb 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=244http://www.pitguru.com/Article.aspx?cmd=detail&id=245Blame it on the dollar, but I cannot trust today's bounces. Prices fell sharply in the soft complex last week. I suspect we may see another volatile week ahead, but not with all the action applied on the downside as much hinges on...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 08 Feb 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=245http://www.pitguru.com/Article.aspx?cmd=detail&id=246Precious metals were hit the hardest last week with Gold liquidating more than $65 from $1,120 to $1,060, Silver losing $1.50 from $16.50 to $15.00, and Platinum from $1,575 to $1,500 as Greece's debt problems put a significant dent in the...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 08 Feb 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=246http://www.pitguru.com/Article.aspx?cmd=detail&id=247The previous week saw a continued beat-down of commodities due to a strengthening USD coupled with bearish fundamentals. There is little upside light in the trade heading into tomorrow's WASDE report. I am expecting to see a...Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 08 Feb 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=247http://www.pitguru.com/Article.aspx?cmd=detail&id=238In the news, Toyota is trying to calm fears of massive recalls. Thousands of accidents have occurred from faulty gas pedals, floor mats, etc. Apparently over the past few months they have denied issues with their product. Now...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 01 Feb 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=238http://www.pitguru.com/Article.aspx?cmd=detail&id=239Crude oil has continued its decline as flatprice has now moved below the 200 day moving average with March crude trading at $73.00. It looks like the fundamentals of this market are starting to kick in now with...Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 01 Feb 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=239http://www.pitguru.com/Article.aspx?cmd=detail&id=240Portfolio re-balancing and a continued strengthening of the US dollar had a decidedly negative impact on the soft markets this past week. The dollar closed at its high for the week and the best...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 01 Feb 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=240http://www.pitguru.com/Article.aspx?cmd=detail&id=241Precious metals liquidated further last week as the USD gained again against a basket full of currencies. The Euro/USD is now trading below $1.39 which is very significant after...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 01 Feb 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=241http://www.pitguru.com/Article.aspx?cmd=detail&id=242The previous week saw a slow downside grind to start then month end came and weak longs ran for cover. The obvious exit out of longs is not a major issue for a market in a downside channel. Markets are reaching a point where they are...Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 01 Feb 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=242http://www.pitguru.com/Article.aspx?cmd=detail&id=233Last night it was announced that Wal-Mart cut 11,200 jobs in all of its Sam Clubs. This is just about 10% of its workforce, which can be looked at one of two ways. One, the company is...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 25 Jan 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=233http://www.pitguru.com/Article.aspx?cmd=detail&id=234Crude oil has declined from the $83 mark quite rapidly and now trades at the dangerous 200 day moving average on the same concerns seen in the previous weeks: adequate supply in the market and a rallying USD. Crude oil traded...Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 25 Jan 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=234http://www.pitguru.com/Article.aspx?cmd=detail&id=235America is the china shop; Obama is the bull. The Obama administration is threatening to take action toward banks that leaves investors with tremendous uncertainty. Markets are...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 25 Jan 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=235http://www.pitguru.com/Article.aspx?cmd=detail&id=236Gold, Silver, Platinum and Palladium all liquidated significantly last week as the USD led the way against other major currencies. Gold sold off from $1,140 to $1,085 and I see this as a very...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 25 Jan 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=236http://www.pitguru.com/Article.aspx?cmd=detail&id=237Friday saw all markets sag, lacking drama and holding weekly lows with no fresh information to help direct the next move. A slightly drier pattern in Argentina is offering bulls a...Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 25 Jan 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=237http://www.pitguru.com/Article.aspx?cmd=detail&id=229The market seems to be in positive territory today because China's export numbers rose almost 18% December. In earlier months it was mentioned that China might be the country to lead the global economy out of the recession. What if China is...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 11 Jan 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=229http://www.pitguru.com/Article.aspx?cmd=detail&id=230Oil prices continue to balloon on weather and geopolitical concerns but the bottom line is two weeks of cold weather doesn’t make a supply shortage. Now if you ask China you will probably get a different take as they are concerned with...Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 11 Jan 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=230http://www.pitguru.com/Article.aspx?cmd=detail&id=231Balancing of index fund portfolios and weather (much of Florida's orange trees are at risk from a "hard" freeze) have the soft markets hopping. Sugar and coffee are on the radar of bulls and both likely...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 11 Jan 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=231http://www.pitguru.com/Article.aspx?cmd=detail&id=232The previous week saw the start of the Goldman buying spree on Friday helping all markets maintain upside biases headed into this week with the buying expected to continue through Thursday. Outside of the growing macro interest I...Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 11 Jan 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=232http://www.pitguru.com/Article.aspx?cmd=detail&id=224Happy New Year everyone! As 2010 starts, there is optimism as well as trepidation. The stock market has been positive yet job losses and the housing market have many worried. As most of you know...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 04 Jan 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=224http://www.pitguru.com/Article.aspx?cmd=detail&id=225Crude Oil keeps up its momentum from last week as it charges toward $80. Crude has risen for seven straight days now as 2009 closes out and 2010 opens up. The economic recovery is...Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 04 Jan 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=225http://www.pitguru.com/Article.aspx?cmd=detail&id=226I am especially optimistic about the potential that exists for higher prices among a few key members of the soft complex, especially given the fact that two of them (Cotton and Sugar) are positioned near their highs for...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 04 Jan 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=226http://www.pitguru.com/Article.aspx?cmd=detail&id=227The precious metals were under pressure at the end of ‘09 as the USD reversed its trend trading from $1.52 vs the Euro to $1.42 sending Gold lower to $1,070/oz and Silver below $17.00. I believe that Gold...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 04 Jan 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=227http://www.pitguru.com/Article.aspx?cmd=detail&id=228Domestic bean carryout is a concern if the USDA changes anything on the Jan report due out on Jan 12th. This will offer the trade either a reason to continue a first half buying spree or reverse and sell out of weak length. Overall I feel...Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 04 Jan 2010 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=228http://www.pitguru.com/Article.aspx?cmd=detail&id=220As many continue to shop for holiday gifts this week they will search for sales. New England was hammered by a snowstorm this weekend which may have hindered some of those sales. By Thursday the market may...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 21 Dec 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=220http://www.pitguru.com/Article.aspx?cmd=detail&id=221Oil futures jumped 5 percent last week, the first weekly gain in a month, after crude stockpiles drew and Iranian forces occupied an oil well in neighboring Iraq raising concern tensions between...Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 21 Dec 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=221http://www.pitguru.com/Article.aspx?cmd=detail&id=222As the trading year of 2009 winds to a close - and with the next two weeks shortened by the holidays - it’s a good idea to watch for further short covering of positions in the dollar. Such movement will...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 21 Dec 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=222http://www.pitguru.com/Article.aspx?cmd=detail&id=223Precious metals were relatively stable last week with Gold dipping down slightly to $1,114/oz, Silver falling to $17.30, and Platinum to $1,431 as gains in the value of the dollar curb demand for the metals as an alternative investment. Gold traded below $1,100 briefly but...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 21 Dec 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=223http://www.pitguru.com/Article.aspx?cmd=detail&id=215Dubai gets a loan from Abu Dhabi which gives Dubai World more time to get on track. Last week I mentioned the issues they were having were no problem because...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 14 Dec 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=215http://www.pitguru.com/Article.aspx?cmd=detail&id=216Last week the crude market saw a continuation of the liquidation that has been in this market since it hit $82. Futures fell 1 percent to $69.87 a barrel on Dec. 11, the lowest...Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 14 Dec 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=216http://www.pitguru.com/Article.aspx?cmd=detail&id=217It seems regular participants have decided to wind down their trading activity, possibly pre-preparing for the coming year. Heading into the last full trading week of 2009, one can expect...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 14 Dec 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=217http://www.pitguru.com/Article.aspx?cmd=detail&id=218All precious metals were down last week as the USD strengthened against other major currencies sending commodity prices lower in a reduction of risk appetite. Gold dropped...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 14 Dec 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=218http://www.pitguru.com/Article.aspx?cmd=detail&id=219The previous week saw a complete divorce between corn and the rest of the floor. This is due to spread reversals with long term money moving to the sidelines as books are...Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 14 Dec 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=219http://www.pitguru.com/Article.aspx?cmd=detail&id=210Once again speculation stirs about the Fed raising rates. A .025 of a point could show responsible action and is something that might be necessary. The market and economy bouncing back quickly could...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 07 Dec 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=210http://www.pitguru.com/Article.aspx?cmd=detail&id=211The energy sector did have a pop to start last week but quickly sold off after Wednesday as inventory reports came out showing Crude Oil and Gasoline with much bigger builds than expected. Crude Oil...Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 07 Dec 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=211http://www.pitguru.com/Article.aspx?cmd=detail&id=212I believe that had it not been for Friday's surprising surge in the value of the dollar, the soft markets would have likely managed a plus side week. However, reaction to the employment number (and in turn the move in the US dollar) resulted in...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 07 Dec 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=212http://www.pitguru.com/Article.aspx?cmd=detail&id=213Well all of the precious metals were having a terrific week until Friday when the Job report came out and actually showed a great number but led to a rally in the USD which...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 07 Dec 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=213http://www.pitguru.com/Article.aspx?cmd=detail&id=214Friday saw a divergence between the complex and grains with the latter getting pummeled as the USD pops against the Euro and other foreign currencies. There is little different today with...Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 07 Dec 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=214http://www.pitguru.com/Article.aspx?cmd=detail&id=205Today is Cyber Monday, the day in which analysts suggest consumers come back online after the holiday weekend to look for the best bargains on the internet. Hopefully...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 30 Nov 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=205http://www.pitguru.com/Article.aspx?cmd=detail&id=206The energy market continued its downward spiral as investors woke up to news over the holiday weekend that Dubai announced that they cannot pay off their debt and needed immediate help. What basically happened was...Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 30 Nov 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=206http://www.pitguru.com/Article.aspx?cmd=detail&id=207Now that the Thanksgiving Holiday is over (and I hope that yours was as wonderful as mine) there are only a few weeks before Christmas and then year-end. While I do not...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 30 Nov 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=207http://www.pitguru.com/Article.aspx?cmd=detail&id=208Precious metal prices were under fire Friday with the Dubai news but prices quickly recovered as Gold was only down $12 on Friday to $1,174. This was not too bad considering...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 30 Nov 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=208http://www.pitguru.com/Article.aspx?cmd=detail&id=209The previous week saw limited volume have a major impact as macro markets went for a wild ride following debt circles that continually get wider and more involved. Now the Middle East is running out of money. I guess that...Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 30 Nov 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=209http://www.pitguru.com/Article.aspx?cmd=detail&id=200There are two pieces of news that could be seen as bullish today. People have decided to pay their credit cards in a timely fashion in the last few months. In the third quarter...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 23 Nov 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=200http://www.pitguru.com/Article.aspx?cmd=detail&id=201The energy sector had a very modest week as prices stayed in the range of $76-$81 in the January Crude Oil contract. January Crude Oil closed +.3% this week to $77.42 as the week seemed very...Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 23 Nov 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=201http://www.pitguru.com/Article.aspx?cmd=detail&id=202Cotton prices closed at their best levels in over a year. Seems we are seeing follow-through spec buying from technicals along with concern that the U.S. crop may...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 23 Nov 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=202http://www.pitguru.com/Article.aspx?cmd=detail&id=203Metals were a focal point again last week as Gold made another high above $1,150/oz and Silver cruised through $18.00 as investors again started buying up the precious metals. Platinum...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 23 Nov 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=203http://www.pitguru.com/Article.aspx?cmd=detail&id=204The previous week saw a divorce within the agricultural markets with beans holding ground against a sizable pullback in macro markets with consistent demand and questionable...Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 23 Nov 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=204http://www.pitguru.com/Article.aspx?cmd=detail&id=193GM reported around a $1.2 billion loss from when they filed for bankruptcy protection and will start paying back government loans by 2011. This is going to...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 16 Nov 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=193http://www.pitguru.com/Article.aspx?cmd=detail&id=194Crude oil fell last week as inventory levels built higher than expected and traders took profits in front of the $80/barrel number. Crude oil was...Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 16 Nov 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=194http://www.pitguru.com/Article.aspx?cmd=detail&id=195Now that the popular principle month December options in coffee and cotton have expired, one can look for a renewed sense of reality in those markets (you don't think that...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 16 Nov 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=195http://www.pitguru.com/Article.aspx?cmd=detail&id=196Precious metals rallied once again last week but this has been its worst performing week in the last 3. I guess you can't always have $50 moves in the gold market. Nevertheless...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 16 Nov 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=196http://www.pitguru.com/Article.aspx?cmd=detail&id=197Friday saw choppy action with SX leaving lacking any real fanfare. Corn dipped early but held the 200-day MA again offering continued upside momentum. Wheat continues to...Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 16 Nov 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=197http://www.pitguru.com/Article.aspx?cmd=detail&id=188In case you missed it this weekend, the health care bill was approved to go to the Senate. The House’s plan will cost about 1.2 trillion US dollars over 10 years while...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 09 Nov 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=188http://www.pitguru.com/Article.aspx?cmd=detail&id=189Last week was a relatively quiet week in terms of price action for the energy markets as Crude Oil was range bound from $76.50 to $80.50, up only .4% on the week as...Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 09 Nov 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=189http://www.pitguru.com/Article.aspx?cmd=detail&id=190Other than FCOJ, the components of the soft market complex ended last week under pressure with most of those markets going out on their lows for the week - Cocoa prices...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 09 Nov 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=190http://www.pitguru.com/Article.aspx?cmd=detail&id=191What a huge jump in the precious metals last week as word got out late Monday that India made a huge purchase from the International Monetary Fund for over 6.7 billion USD worth of...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 09 Nov 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=191http://www.pitguru.com/Article.aspx?cmd=detail&id=192The previous week saw a good downside move based strictly off of the crude markets and fundamental concerns. Crude fell apart as the week progressed due to multiple factors...Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 09 Nov 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=192http://www.pitguru.com/Article.aspx?cmd=detail&id=183How many times can CIT go to bankruptcy court without actually going bankrupt? I am tired of seeing them in the news; maybe another lender should come to the market. Oh, how about...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 02 Nov 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=183http://www.pitguru.com/Article.aspx?cmd=detail&id=184The energy markets had a bit of a down week as they closed at their lowest point in two weeks. There was some profit taking in the short USD and the equity markets were...Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 02 Nov 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=184http://www.pitguru.com/Article.aspx?cmd=detail&id=185In trying to make sense of the price action among the Soft markets this past week (as well as predict the week ahead), first look at the price action in the dollar. The US Dollar index (DXZ) rallied four of the five trading days last week (its been...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 02 Nov 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=185http://www.pitguru.com/Article.aspx?cmd=detail&id=186Precious metals had a wild week with the gold, silver, and platinum price all bouncing around but then settling a bit weaker than what was seen in the previous week. Gold dropped from...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 02 Nov 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=186http://www.pitguru.com/Article.aspx?cmd=detail&id=187The previous week saw just how finicky our markets can be. I saw a downside bias helped by slight strengthening of the USD and a pullback in crude but a lack of...Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 02 Nov 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=187http://www.pitguru.com/Article.aspx?cmd=detail&id=178ING seems to be simplifying itself by splitting its bank and insurance units and will be selling its asset management arm. Obviously, they were a...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 26 Oct 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=178http://www.pitguru.com/Article.aspx?cmd=detail&id=179Energies, for the fifth week in a row, rallied as a falling USD and decreased inventories in the products led the charge. Crude Oil was up 2.3% to close above $80 for the first weekly close this year. Gasoline...Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 26 Oct 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=179http://www.pitguru.com/Article.aspx?cmd=detail&id=180For the Soft complex this past week it was the direction of the dollar that was the overwhelming driver. Prices improved when the dollar weakened, and when the dollar showed any strength, prices stalled (or gave back gains). It should be no surprise that...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 26 Oct 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=180http://www.pitguru.com/Article.aspx?cmd=detail&id=181Precious metals once again had a so-so week with Gold unchanged to $1,057, Silver higher by 1.7% to $17.72 and Platinum 1.4% to $1,362. The USD continued its weakness with the Euro/USD trading above $1.50 for the first time in 2009. The USD is...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 26 Oct 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=181http://www.pitguru.com/Article.aspx?cmd=detail&id=182The previous week saw a continued upside effort with weather, a weak USD, and strong crude all working together. Harvest progress stalled out due to heavy rains all across the growing region of the US with more rain expected early this week offering...Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 26 Oct 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=182http://www.pitguru.com/Article.aspx?cmd=detail&id=173Where is the market top and is there resistance? In my opinion the market is overbought and could slide 3-4% after...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 19 Oct 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=173http://www.pitguru.com/Article.aspx?cmd=detail&id=174The energy market continued its stellar run along with the equity market and the falling dollar as Crude Oil was up 9% last week, breaking the big...Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 19 Oct 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=174http://www.pitguru.com/Article.aspx?cmd=detail&id=175Outside markets acted supportive in assisting the soft complex higher this past week. Will that continue? There is a lot of talk circulating that re-allocation of assets among ETFs will be...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 19 Oct 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=175http://www.pitguru.com/Article.aspx?cmd=detail&id=176Precious metals had a very dubious week as they had all of the makings to achieve new highs with the USD getting hammered and crude moving higher, but...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 19 Oct 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=176http://www.pitguru.com/Article.aspx?cmd=detail&id=177Corn has the least realistic reason to rally. Ending stocks estimated on either side of 1.6 billion does not inspire bullish attitudes. It does have delayed harvest with some analysts looking for...Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 19 Oct 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=177http://www.pitguru.com/Article.aspx?cmd=detail&id=169A new high was reached in the market and the S&P is trading in the 1070's with no visible resistance. Last week the S&P rose 4.5%, beating the...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 12 Oct 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=169http://www.pitguru.com/Article.aspx?cmd=detail&id=170Great week for the energy sector as the USD fell, equities rose, and inventories fell in crude all leading to higher prices on the New York Mercantile Exchange. Crude oil...Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 12 Oct 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=170http://www.pitguru.com/Article.aspx?cmd=detail&id=171For the most part weakness in the dollar and improving stock markets benefited commodity prices during much of the past week. At week's end dollar strength applied "corrective" pressure, yet...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 12 Oct 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=171http://www.pitguru.com/Article.aspx?cmd=detail&id=172Precious and base metals had a great week as the USD continued its slide as investors poured into Gold, Silver and Platinum. Gold was up 3% to...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 12 Oct 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=172http://www.pitguru.com/Article.aspx?cmd=detail&id=165This week will have a focus on earnings and most investors are focused on the direction the market may turn. Last week saw a decent sell off following the employment numbers and weak GDP forecasts. Forecasts are now...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 05 Oct 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=165http://www.pitguru.com/Article.aspx?cmd=detail&id=166Very interesting week in the energy markets. A positive week even though every single economic number came in other than expected. Crude Oil rose 5.7% to close just shy of the $70 level as inventories rose 2+ million barrels. The products led...Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 05 Oct 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=166http://www.pitguru.com/Article.aspx?cmd=detail&id=167Metals had a mixed bag last week with the USD stronger sending Platinum lower by 4.4% but Gold and Silver were each up 1% as those markets showed...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 05 Oct 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=167http://www.pitguru.com/Article.aspx?cmd=detail&id=168The previous week saw choppy sessions all week with beans containing 920 in the range all days except Friday when the market could not achieve it. Wheat and corn did little allowing for...Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 05 Oct 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=168http://www.pitguru.com/Article.aspx?cmd=detail&id=160For the most part I have seen what I feel is a strong market, but still have to be careful about buying into a market that has question marks. The past few weeks have seen both the Dow and the S&P reach highs. The Dow is...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 28 Sep 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=160http://www.pitguru.com/Article.aspx?cmd=detail&id=161Energies had a dismal week after a big build in all 3 main energy inventories sending the price of Crude lower from $72-$65. Crude Oil had a build of +3mil barrels to liquidate prices -8% to close at $66.02. Heating Oil was...Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 28 Sep 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=161http://www.pitguru.com/Article.aspx?cmd=detail&id=162Coffee held a triple trend line resistance and could see some selling pressure short term from an anticipated strengthening of the U.S. dollar against the Brazilian Real and Vietnamese Dong. The bottom line for coffee long term is...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 28 Sep 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=162http://www.pitguru.com/Article.aspx?cmd=detail&id=163Precious metals had their worst week in a very long time. The USD strengthened as traders took profit from an oversold USD market and...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 28 Sep 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=163http://www.pitguru.com/Article.aspx?cmd=detail&id=164The previous week saw beans chop wildly, corn grind its way higher, and wheat collapse on Friday making new range lows. The reason for the lack of movement in beans is twofold. On the bearish side...Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 28 Sep 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=164http://www.pitguru.com/Article.aspx?cmd=detail&id=155This week could determine which direction the market may turn. This week has the Federal Reserve meeting which may use language describing the country’s current condition and...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 21 Sep 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=155http://www.pitguru.com/Article.aspx?cmd=detail&id=156The energy market rebounded last week as the USD lost more ground and inventories decreased for a second straight week. The Crude Oil market was up 4.1% to close out at $72.04 in the October contract as...Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 21 Sep 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=156http://www.pitguru.com/Article.aspx?cmd=detail&id=157Could be in for an exciting week in the Soft complex as three of its components, coffee, cocoa, and cotton, are all poised to register significant moves. All three appear on the verge of...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 21 Sep 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=157http://www.pitguru.com/Article.aspx?cmd=detail&id=158Precious metals all had a good week benefiting from the weakening USD as this climbed to a high of $1.4775 in the Euro/USD market. Gold was up .04% to $1,009, Silver was up 1.6% to 17.04 and Platinum...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 21 Sep 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=158http://www.pitguru.com/Article.aspx?cmd=detail&id=159The previous week saw a more dramatic version of the same story. The market has no clue where it wants to go. Early in the week saw a limit move in corn with wheat and beans gaining significantly. This was due to...Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 21 Sep 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=159http://www.pitguru.com/Article.aspx?cmd=detail&id=150It is scary to think that the stock market has probably moved up to these highs on (what I believe is) a wing and a prayer. Moving forward, it is testing levels that could be...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 14 Sep 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=150http://www.pitguru.com/Article.aspx?cmd=detail&id=151It was looking great for those energy bulls last week until Friday. The USD lagged big time after the Euro/USD broke the triple top of $1.4450 and ran straight to $1.4600. This led to...Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 14 Sep 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=151http://www.pitguru.com/Article.aspx?cmd=detail&id=152The soft markets are not impressive. Friday's USDA crop report showed the cotton crop forecast at 13.44 million bales, up 2 percent due to higher yields. The export forecast...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 14 Sep 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=152http://www.pitguru.com/Article.aspx?cmd=detail&id=153Gold and silver appeared to consolidate last week after rallying over the $1,000 and $16.50 levels respectively. Gold has hit a double top now at the $1,010 level and silver...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 14 Sep 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=153http://www.pitguru.com/Article.aspx?cmd=detail&id=154The previous week saw a continued downside pull in the soy complex with wheat and corn recovering slightly on Friday due to spread unwinding rather than any shift in sentiment. Friday's WASDE showed...Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 14 Sep 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=154http://www.pitguru.com/Article.aspx?cmd=detail&id=145Choppy trading may be traders testing the market with small orders. This means Treasuries and the US dollar could be strong places to head for this week. A 100 point correction may be inevitable in...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 31 Aug 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=145http://www.pitguru.com/Article.aspx?cmd=detail&id=146The Energies are in (what I like to call) a neutral zone right now with Crude Oil bouncing from $70-$75 to close almost exactly in the middle at $72.74 for a negative 1.3% weekly change. Heating Oil fared...Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 31 Aug 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=146http://www.pitguru.com/Article.aspx?cmd=detail&id=147As suggested in my comments last week, I predicted that the direction taken will likely set the tone for where the soft markets are headed, not as a group, but rather individually. So in reviewing...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 31 Aug 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=147http://www.pitguru.com/Article.aspx?cmd=detail&id=148Like most recent weeks, the precious metals were range bound and haven't made any significant move either to the upside or down side. Gold was range bound from $930-$960 and closed out at $957 for a +.4% week. Silver did...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 31 Aug 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=148http://www.pitguru.com/Article.aspx?cmd=detail&id=149The previous week saw a mixed bag of inputs with beans continuing to fight the good fight while corn and wheat continue to falter. Wheat is a massive dog losing to corn early before a late week revival...Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 31 Aug 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=149http://www.pitguru.com/Article.aspx?cmd=detail&id=141It looks though many strategists are buying into this market - or what I call a “sucker’s rally”. This is what I like to also call the “flock theory” and the government appears to...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 24 Aug 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=141http://www.pitguru.com/Article.aspx?cmd=detail&id=142Oil is brushing up against topside resistance near $75 and is showing heavy inter-market correlation to stock market and U.S. dollar movement. As the stock market sets fresh highs it pressures the dollar, which...Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 24 Aug 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=142http://www.pitguru.com/Article.aspx?cmd=detail&id=143Among the soft complex, Cocoa seemed the only market that produced gains last week; yet there seemed to be a growing bullish sentiment at work as the week ended. I cannot yet get with this...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 24 Aug 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=143http://www.pitguru.com/Article.aspx?cmd=detail&id=144Gold and silver have been very choppy as of late, trying to get ahead of a back and forth U.S. dollar market. This apparent currency dependency is nothing new; in fact...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 24 Aug 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=144http://www.pitguru.com/Article.aspx?cmd=detail&id=136Stocks may be tumbling because investors believe that consumers may be too nervous to help the economy recover. Really? I thought the smartest people in the world ran the government. I think...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 17 Aug 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=136http://www.pitguru.com/Article.aspx?cmd=detail&id=137Last week saw energy markets fall off as the stock market finally came off of its euphoria and the USD strengthened to send Crude Oil lower, down 4.3% for the week to close at $67.51. Heating oil fell 3.5% to $1.8410 and weak...Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 17 Aug 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=137http://www.pitguru.com/Article.aspx?cmd=detail&id=138While the call has been for an economic recovery and a weaker dollar and positions had been taken in loyalty towards increasing demand expecting to fuel higher commodity values this was not the practical case this past week. The soft markets began...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 17 Aug 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=138http://www.pitguru.com/Article.aspx?cmd=detail&id=139Precious metals fell off last week (after seeing some highs of the year) with all commodities as the equity market traded lower and the USD gained some significant strength. Gold for December fell to $945, down .3% and silver...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 17 Aug 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=139http://www.pitguru.com/Article.aspx?cmd=detail&id=140The previous week saw messy chop sessions with beans holding relative gains until Friday when perfect weather and a collapse in crude brought all markets to their knees. There is little hope for...Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 17 Aug 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=140http://www.pitguru.com/Article.aspx?cmd=detail&id=131The market had a wonderful rally, and sometimes a small break is in order. Saw a relatively slow week and very little trading range. This week may see some profit taking because resistance at the...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 10 Aug 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=131http://www.pitguru.com/Article.aspx?cmd=detail&id=132Energies were up last week even after crude stockpiles rose for a second straight week as the market was +2.3% to close out at $70.93. Heating oil followed crude and rose even more ny 4.3% as...Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 10 Aug 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=132http://www.pitguru.com/Article.aspx?cmd=detail&id=133Wow, what a week! As a group, prices among the soft complex improved with a few components surging ahead. Sugar took off, finishing the week with...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 10 Aug 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=133http://www.pitguru.com/Article.aspx?cmd=detail&id=134Precious metals were all up last week, but off their highs as gold was up .4% to $957. Silver rallied nicely up 5.2% to $14.66. Platinum gained 4% to $1,268/oz after almost...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 10 Aug 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=134http://www.pitguru.com/Article.aspx?cmd=detail&id=135The previous week saw messy trade as everyone gets ready for Wednesday's special report attached to the normal WASDE. This special acreage report is quite important for beans in that their yield expectation is not expected to...Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 10 Aug 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=135http://www.pitguru.com/Article.aspx?cmd=detail&id=126There was an announcement today that foreclosures in Arizona, California, and Florida are stabilizing. These states are currently having issues with not only housing but unemployment and bankruptcies. When the AP's Economic Stress Index...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 03 Aug 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=126http://www.pitguru.com/Article.aspx?cmd=detail&id=127Energies had a huge whiplash affect last week as we saw Crude Oil sell off all the way down to $62.75 on a huge build in inventories on Wednesday only to rally back up to $69.45 (+2% on the week) on the Friday session. This occurred when...Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 03 Aug 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=127http://www.pitguru.com/Article.aspx?cmd=detail&id=128The coming week should be very telling. It could provide reason for bullish approaches across the board in the soft complex as the CCI (formerly CRB) is poised to break above key resistance. If that occurs...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 03 Aug 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=128http://www.pitguru.com/Article.aspx?cmd=detail&id=129We still haven't gotten anywhere with the precious metals as both Gold and Silver still seem range bound at $945 and $13.75 respectively. Gold traded lower on the consumer confidence numbers but...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 03 Aug 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=129http://www.pitguru.com/Article.aspx?cmd=detail&id=130The previous week saw a key reversal in sentiment with AG markets reversing negative sentiment due to technically oversold ideas and relative values versus other commodity groups. The fundamental side continues to see...Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 03 Aug 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=130http://www.pitguru.com/Article.aspx?cmd=detail&id=121It looks like the S&P has broken out of its resistance and could be headed straight for 1000. I don't know exactly what these supposed experts are drinking, but there is resistance at 1005. If we dissect the chart and look back...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 27 Jul 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=121http://www.pitguru.com/Article.aspx?cmd=detail&id=122Energies continued their strong run last week as equities carried things higher for the second week in a row despite rising inventories. Crude Oil was up 7.3% to close out at $68.05 while products were...Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 27 Jul 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=122http://www.pitguru.com/Article.aspx?cmd=detail&id=123During the past week, with the equity markets gaining and the Dow moving over 9000, saw several substantial price moves among the softs. In cocoa, prices reached new highs for the past six months; and...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 27 Jul 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=123http://www.pitguru.com/Article.aspx?cmd=detail&id=124Metals are again following the equity trend with rising prices and a weakening USD. Gold was up $15 to $952, good for a 1.6% gain. Silver had a very nice week with prices up 3.5%, rising to as high as $14.00 before coming back to settle at $13.87. Platinum looking...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 27 Jul 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=124http://www.pitguru.com/Article.aspx?cmd=detail&id=125The previous week saw continued pressure due to perfect weather, congressional conversations and worldwide economic woes. The market did get a mid week pick-me-up following...Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 27 Jul 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=125http://www.pitguru.com/Article.aspx?cmd=detail&id=116CIT group got the extension they needed to stay afloat for the short term. New bonds will be swapped with outstanding bonds - which are supposedly going to yield over 10%. Although that is...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 20 Jul 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=116http://www.pitguru.com/Article.aspx?cmd=detail&id=117Energies had a great week (after falling off of a cliff) to post nice gains as oil prices rose 6.1% to $63.56, helped by rising equity markets, a weaker USD, and a rebound in U.S. housing starts. Products were...Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 20 Jul 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=117http://www.pitguru.com/Article.aspx?cmd=detail&id=118During the summertime trading markets are generally thinner - meaning volumes are typically lower - therefore markets are often more susceptible to being pushed (or at times forced) when order flow becomes too one-sided. It also isn't unusual to...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 20 Jul 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=118http://www.pitguru.com/Article.aspx?cmd=detail&id=119Precious metals had a stellar week (as did most commodities) as gold was up $25 for the week, good for +2.7% and silver rallied +70 cents to $13.39 with an even better percentage gain of 6%. Platinum was...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 20 Jul 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=119http://www.pitguru.com/Article.aspx?cmd=detail&id=120The previous week saw a continued exit out of commodity longs with money again enticed by the thought of oversold equities. The general theory is with conditions looking so...Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 20 Jul 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=120http://www.pitguru.com/Article.aspx?cmd=detail&id=112This week will probably see the country's top politicians argue over whether a stimulus package will help the country or land it in deeper water. Tuesday, Goldman Sachs, Johnson & Johnson, and Intel will share their earnings with the world. Supposedly...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 13 Jul 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=112http://www.pitguru.com/Article.aspx?cmd=detail&id=113Déjà vu - energies are lower, mirroring last week. Crude is breaking all the major support areas as this market was down 8.7% to $59.89/barrel on the New York Mercantile Exchange. Heating Oil was also down 8% as rising inventories contributed to...Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 13 Jul 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=113http://www.pitguru.com/Article.aspx?cmd=detail&id=114This past week saw Orange Juice, Cotton and Cocoa prices all advance, Sugar prices hold (perhaps building a base) above their old highs, while Coffee prices declined... again. The gains in OJ and cotton prices seemed...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 13 Jul 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=114http://www.pitguru.com/Article.aspx?cmd=detail&id=115Precious metals continuing with the commodity slide as Gold down 2% to $912 breaking through its most recent support of $915. Silver (as we have seen before) much weaker than Gold, down 5.6%, breaking $13.00 to $12.63/oz. Platinum had an awful week as...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 13 Jul 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=115http://www.pitguru.com/Article.aspx?cmd=detail&id=107Welcome back to a full week of trading and earnings reports. The market has taken a turn for the worse and may continue to slide as earnings numbers continue to pour in. So far the losers are...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 06 Jul 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=107http://www.pitguru.com/Article.aspx?cmd=detail&id=108Well, here is the liquidation that everyone has been hearing about (and waiting for) as energies sold off in dramatic fashion at the end of last week. Crude was down 5% to $65.63/barrel, but it was the...Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 06 Jul 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=108http://www.pitguru.com/Article.aspx?cmd=detail&id=109Individual markets often take their leads from other markets as no market trades in a vacuum. It’s important to remember this heading into the summer season - typically a time of...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 06 Jul 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=109http://www.pitguru.com/Article.aspx?cmd=detail&id=110Precious metals again had nothing real amusing to talk about this week with gold trading up to $945 and getting hit back down to $930 by week’s end. This had a direct result of the USD getting stronger as gold was down...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 06 Jul 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=110http://www.pitguru.com/Article.aspx?cmd=detail&id=111The previous week saw two sides to the same depressing agricultural story. The week started quietly ahead of the USDA acreage report on Tuesday, which dropped a bearish bomb on the market. Between beans and corn we...Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 06 Jul 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=111http://www.pitguru.com/Article.aspx?cmd=detail&id=102Economic data from Europe's indexes showed that their economy may be stabilizing. Yes, this is good news - but obviously they are lagging US data. The unfortunate problem is...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 29 Jun 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=102http://www.pitguru.com/Article.aspx?cmd=detail&id=103Last week saw energies falter coming off the $70 level as crude traded down to $66, but finished at $69.16/barrel - good for a 1.2% decline even when inventories drew more than expected. Gasoline...Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 29 Jun 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=103http://www.pitguru.com/Article.aspx?cmd=detail&id=104Among the Soft markets, Sugar had an exciting week with a pronounced rally. The remaining markets proved dull in comparison. Cocoa prices recovered sharply thanks to...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 29 Jun 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=104http://www.pitguru.com/Article.aspx?cmd=detail&id=105Precious metals had a mixed bag last week even though the USD was weaker as gold traded higher by $5 to $940 (+.6%), silver lost 8 cents down .4%, and platinum was down .5% to $1,203/oz. Copper had an...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 29 Jun 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=105http://www.pitguru.com/Article.aspx?cmd=detail&id=106Not the normal weekend report this time. The acreage report will change everything on Tuesday, so no use in prognosticating ahead of the numbers. The two crucial numbers are planted acreage for...Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 29 Jun 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=106http://www.pitguru.com/Article.aspx?cmd=detail&id=97The World Bank announced that the market was worse than they thought - and to expect more bad news. Many were predicting that the economy was going to shrink by 1.7%, and now they feel...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 22 Jun 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=97http://www.pitguru.com/Article.aspx?cmd=detail&id=98I think we may have seen the tip of the iceberg on Friday as energies sold off considerably at the end of the day thanks to Gasoline and its big increase in inventories on Wednesday's supply data. All energies came off hard even though...Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 22 Jun 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=98http://www.pitguru.com/Article.aspx?cmd=detail&id=99Trends are clearly down as the soft commodity markets moved lower this past week. Speculators liquidated longs and initiated shorts sensing a growing vulnerability to the downside. While this is in contrast to...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 22 Jun 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=99http://www.pitguru.com/Article.aspx?cmd=detail&id=100With the USD called higher this morning - trading up 7 tenths of a penny to $1.3865 - likely see Gold test the recent low around $927 and try and push through that number this week. Silver has been...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 22 Jun 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=100http://www.pitguru.com/Article.aspx?cmd=detail&id=101The previous week saw a continued downside correction with perfect weather and a ho-hum demand scene to boot. Macro markets are all over the map with the US dollar swinging wildly. The world's eye remains on...Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 22 Jun 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=101http://www.pitguru.com/Article.aspx?cmd=detail&id=92The economy is still sliding downward, yet the United States and members of the IMF believe that the worst is over. Somehow this does not impress me...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 15 Jun 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=92http://www.pitguru.com/Article.aspx?cmd=detail&id=93Energies had their winning streak continue at 4 weeks as Crude traded above $71 for the first time since mid-October ‘08. Oil settled at $72.04/barrel on the New York Mercantile Exchange...Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 15 Jun 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=93http://www.pitguru.com/Article.aspx?cmd=detail&id=94Price action this past week hinged on the influence of the day by day direction of the dollar and the rolling of positions out of July. As a result of the rolling...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 15 Jun 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=94http://www.pitguru.com/Article.aspx?cmd=detail&id=95Precious metals lost some ground last week - especially on the Friday session - as the USD rallied against other major currencies. Gold was down 2.1$ this week to $940 but was actually pretty...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 15 Jun 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=95http://www.pitguru.com/Article.aspx?cmd=detail&id=96The previous week saw the first stage of the market correction with bears gaining a firm hand hold following WASDE with nothing on the report to feed the bull. Outside markets, especially crude, are...Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 15 Jun 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=96http://www.pitguru.com/Article.aspx?cmd=detail&id=87Energies had a modest week which saw another gain in equities until falling off at the end of Friday's trading session on a rebounding USD. Crude Oil gained 3.2% to $68.44 and traded above $70 even after...Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 08 Jun 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=87http://www.pitguru.com/Article.aspx?cmd=detail&id=88Unemployment numbers reached 9.4% - should the nation be freaking out? Yes and no. Remember, in order to move forward take a look at the past. During the Great Depression, 30% unemployment was devastating. Obama thwarted higher numbers by...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 08 Jun 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=88http://www.pitguru.com/Article.aspx?cmd=detail&id=89The previous week saw an early explosion then a choppy downside action as the market leaked in grains. Concern over S. American production and stocks levels supported old crop beans allowing the N/X spread to...Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 08 Jun 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=89http://www.pitguru.com/Article.aspx?cmd=detail&id=90The Soft markets do not seem to be focused upon their own individual fundamentals; rather, they are taking their lead from the direction of the dollar and outside markets. The US dollar, which had...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 08 Jun 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=90http://www.pitguru.com/Article.aspx?cmd=detail&id=91Precious metals saw a drop in prices as the USD gained hard against other major currencies at the end of Friday's session. Gold traded down to $950 (down -1.7% for the week) and silver...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 08 Jun 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=91http://www.pitguru.com/Article.aspx?cmd=detail&id=82A new, improved GM may pop-up in the near future and current bond holders will gamble to see if it happens. Bond holders will swap their bonds for a 10% stake in a restructured company. GM would like to swap $27 billion into unsecured debt and start over. Am I the only one...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 01 Jun 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=82http://www.pitguru.com/Article.aspx?cmd=detail&id=83Some key data points helping energies rally last week as consumer confidence shot up to its highest levels since September ’08, bringing crude up from below $60 to close out at $62.50 on May 26th. On Thursday, May 28th, data showed inventories fall for a fourth straight week as...Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 01 Jun 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=83http://www.pitguru.com/Article.aspx?cmd=detail&id=84The moving of positions from the front month into the next active month (principally by long only index funds, but also by spec funds and specs), will dominate the action in several members of the soft markets this coming week. "The Roll", as it is often called, occurs because...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 01 Jun 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=84http://www.pitguru.com/Article.aspx?cmd=detail&id=85Gold and silver continue to march higher and higher as the USD weakened significantly against other major currencies last week. The Euro/USD has now just crossed the $1.42 mark and looks to...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 01 Jun 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=85http://www.pitguru.com/Article.aspx?cmd=detail&id=86The previous week we saw a large amount of cash move into commodities as the entire sector, agriculture and softs saw huge gains in open interest. This is helped by...Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 01 Jun 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=86http://www.pitguru.com/Article.aspx?cmd=detail&id=77A mixed bag in the energy department last week as Crude Oil prices rose to their highest levels in 6 months to above $60 only to get sold by the smart money as the...Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 18 May 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=77http://www.pitguru.com/Article.aspx?cmd=detail&id=78I expect more of the choppy trading this week due to a mix of indecision by the government and traders. Being that this week has few earnings and economic data, the market (as you have seen) will be looking for...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 18 May 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=78http://www.pitguru.com/Article.aspx?cmd=detail&id=79The previous week saw two sides of major stories affecting the marketplace. Early we had a good upside move in crude, firm cash basis, wet weather, lowered S. American production estimates, drastically low new crop ending stock estimates for beans (230 million) and a...Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 18 May 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=79http://www.pitguru.com/Article.aspx?cmd=detail&id=80This past week, four of the five components in the Soft complex reached their highest levels in the last 6-7 months. Coffee, Cotton, Sugar and OJ have all had good bull runs with much of their up moves attributed to...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 18 May 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=80http://www.pitguru.com/Article.aspx?cmd=detail&id=81Gold and Silver kept on chugging higher to end out the week, even though the Dollar gained significantly against other major currencies. Gold has now closed above the elusive $930 mark where there was significant resistance. The only trouble I see is...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 18 May 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=81http://www.pitguru.com/Article.aspx?cmd=detail&id=72I can't believe people are just realizing that it has been in a bear market rally. The S&P breaking 920 means that Wall Street will scratch its head and deciding between bull or a bear. I have been saying...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 11 May 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=72http://www.pitguru.com/Article.aspx?cmd=detail&id=73As the stock market continued to soar (gaining ground to 8,500 in the DJIA, well off the 2009 lows of 6,500), so too did the price of energy as it had its best week since March 16th following the...Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 11 May 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=73http://www.pitguru.com/Article.aspx?cmd=detail&id=74A big up week in the softs...can this be the beginnings of all the inflationary hype, or are things getting ahead of themselves? Are they trading on fundamentals, or are we experiencing the impact of excess fund and speculative money? One cannot help but wonder...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 11 May 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=74http://www.pitguru.com/Article.aspx?cmd=detail&id=75The precious metals in Gold and Silver had modestly good gains, even though the stock market continued to gain momentum trading above 8500 in the DJIA. What helped overshadow the market rally was...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 11 May 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=75http://www.pitguru.com/Article.aspx?cmd=detail&id=76The previous week saw a good upside move across the floor with wheat scaring out net shorts; corn concerned about cold, wet weather; and beans seeing smaller and smaller S. American production estimates. All markets were helped by...Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 11 May 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=76http://www.pitguru.com/Article.aspx?cmd=detail&id=67Energy prices had one of their best weeks in quite some time as the equity markets gained strength and the dollar took a back seat against other major currencies. Crude rose 3.2% to $53.20/barrel and gained most of its strength...Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 04 May 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=67http://www.pitguru.com/Article.aspx?cmd=detail&id=68What should one expect this week? It is going to get a little crazy from Jump Street for a few reasons. Bank of America is reporting that they can raise their own capital of over $10 billion. Also...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 04 May 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=68http://www.pitguru.com/Article.aspx?cmd=detail&id=69The previous week saw a good upside move across the board with old crop beans and gains actually moving in sequence. We did see old new bean spreads widen out as well as bean corn spreads. The upside move was created by...Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 04 May 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=69http://www.pitguru.com/Article.aspx?cmd=detail&id=70As mentioned last week, it appears as though there is more money coming into commodities. It was such speculative fund buying that fueled the rally in key components of the soft complex, with cotton and sugar...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 04 May 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=70http://www.pitguru.com/Article.aspx?cmd=detail&id=71Precious metals fell last week with gold down below $900/oz closing at $888.2, -2.1% as the equity markets continued to...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 04 May 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=71http://www.pitguru.com/Article.aspx?cmd=detail&id=64All across the board energies were down by more than full percentage points, but a little bit misleading with the liquidation I saw to start off the week and the recovery towards week’s end. This strength toward the end was...Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 27 Apr 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=64http://www.pitguru.com/Article.aspx?cmd=detail&id=65This past week the Soft markets yielded positive results for bulls with Coffee, Cocoa, Sugar, and Cotton prices all advancing - only OJ prices lost ground. As the week wore on, the dollar began...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 27 Apr 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=65http://www.pitguru.com/Article.aspx?cmd=detail&id=66Gold and silver had their best in 3 weeks as prices ballooned +5% in both precious metals on a short term meltdown of the USD. The dollar lost more than 3 cents against the Euro to send...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 27 Apr 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=66http://www.pitguru.com/Article.aspx?cmd=detail&id=5This week - just like last - pay attention to earnings. Bank of America, to some, will be a disappointment for the simple fact that troubled debt will continue to...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 20 Apr 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=5http://www.pitguru.com/Article.aspx?cmd=detail&id=6Last week saw the energy sector put up some modest gains even though there was a build in crude inventories for the third straight week. The market was +.5% in the May contract to close at $50.33/barrel on the New York Mercantile Exchange. Heating Oil was the only market...Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 20 Apr 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=6http://www.pitguru.com/Article.aspx?cmd=detail&id=7The previous week saw a mixed bag. Beans and wheat tried to rally while corn floundered under the weight of massive old crop stocks. Heavy export sales in corn and beans adds a bit of fire to the bean market with old crop moving to the upside before...Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 20 Apr 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=7http://www.pitguru.com/Article.aspx?cmd=detail&id=8Sure, there has been some positive news regarding earnings and some optimistic reading of economic indicators that may have helped the Dow move above 8000 and have a decent week. Yet...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 20 Apr 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=8http://www.pitguru.com/Article.aspx?cmd=detail&id=17For the third straight week Gold and Silver trend lower while Copper and Platinum exceed everyone’s expectations as the dollar rose to its highest point in a month and...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 20 Apr 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=17http://www.pitguru.com/Article.aspx?cmd=detail&id=18For the second straight week it is the same old song, Gold and Silver prices lower while Copper and Platinum prices are reaching new weekly highs. Gold spot prices...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 13 Apr 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=18http://www.pitguru.com/Article.aspx?cmd=detail&id=9Are investors out of the bear market? This week will show us where things may be headed - let's call it a snap shot of the health of the economy. Over 8000 on the DJIA and over 850 on the S&P and things are looking...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 13 Apr 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=9http://www.pitguru.com/Article.aspx?cmd=detail&id=10Energies had their winning streak snapped at 7 weeks as it saw inventories in two major markets rise for the second straight week to send prices lower. Crude Oil was down .5%, settling at $52.24 a barrel on the NYMEX. Both products were...Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 13 Apr 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=10http://www.pitguru.com/Article.aspx?cmd=detail&id=11The past week in the soft markets saw some "S" curves in price movement. Cocoa took a sizable drop, cotton advanced briskly (until the last half hour of trading), and coffee and sugar saw...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 13 Apr 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=11http://www.pitguru.com/Article.aspx?cmd=detail&id=12The previous week saw a mixed move early then a downside pull in grains as macro markets and the long weekend brought profit taking into the trade. There was little real fresh fundamental information before Thursday's WASDE report, with this offering a...Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 13 Apr 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=12http://www.pitguru.com/Article.aspx?cmd=detail&id=13I can only sum up last week with one word: unbelievable! The DJIA had the best four week run since 1933. Can it hold up? Is fear in the air? Many are waiting for definitive answers or...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 06 Apr 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=13http://www.pitguru.com/Article.aspx?cmd=detail&id=14What a bumpy ride in the energy sector last week. A huge sell-off in the first three days, only to pare those losses into a relatively unchanged week with a surprising leader of the pack. Crude Oil dipped down to $47 on Wednesday after...Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 06 Apr 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=14http://www.pitguru.com/Article.aspx?cmd=detail&id=15While the economy continues to struggle, investors seem more openly optimistic and willing to position themselves for the anticipated inflationary effects of the massive rescue efforts. Idle money is becoming more available, and more actively willing to...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 06 Apr 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=15http://www.pitguru.com/Article.aspx?cmd=detail&id=19t was a down week for the two main precious metals as we saw the 4th straight week of gains in the DJIA putting heavy selling pressure on Gold and Silver. Spot Gold...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 06 Apr 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=19http://www.pitguru.com/Article.aspx?cmd=detail&id=20It was the sixth time in a row that saw crude rise, but by its least percentage up only .6% to $52.38 a barrel on the NYMEX. Heating Oil once again continues to outperform as a...Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 30 Mar 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=20http://www.pitguru.com/Article.aspx?cmd=detail&id=21Last week, we saw a decent gain in equities - but once again, a sell off at week's end. Taking profits off the table at the end of the week may show that...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 30 Mar 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=21http://www.pitguru.com/Article.aspx?cmd=detail&id=22The previous week saw outside markets reverse midmonth momentum dragging all agricultural markets lower as weakening fundamentals and over bought short term technicals again demoralize bulls. The market is...Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 30 Mar 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=22http://www.pitguru.com/Article.aspx?cmd=detail&id=23The Soft markets moved sideways to lower during the course of last week's trading. Volume was dull and the price response again keyed off of movement in the dollar. The outlook for this coming week is...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 30 Mar 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=23http://www.pitguru.com/Article.aspx?cmd=detail&id=24Precious metals gold and silver had an off week as we saw the dollar trade higher while the US equity market rallied. This sent gold down 3.5% to $923 and silver down 3.9% to $13.32. Both platinum and copper, however...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 30 Mar 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=24http://www.pitguru.com/Article.aspx?cmd=detail&id=25Last week we saw a nice rise in the market on news of housing starts - but do you know what kind of housing it was? It wasn't single family homes! It was...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 23 Mar 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=25http://www.pitguru.com/Article.aspx?cmd=detail&id=26Great week all-around as most every commodity was up, with some even trading at new-year highs. Crude Oil gained 10% from $46.25 to $51.00 a barrel even though...Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 23 Mar 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=26http://www.pitguru.com/Article.aspx?cmd=detail&id=27The soft markets began last week in lackluster trading, and then received a boost from a sharply weaker dollar courtesy of the Fed's announcement to...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 23 Mar 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=27http://www.pitguru.com/Article.aspx?cmd=detail&id=28Nice week for Metal longs as we saw more than a 4% gain in each commodity here. This was helped by the US Government announcing to buy back $1.15 trillion in US treasuries and bonds as this had an...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 23 Mar 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=28http://www.pitguru.com/Article.aspx?cmd=detail&id=29All in all, the previous week saw a choppy upside march with wheat acting as the relative weakness, yet still higher as heavy stock levels hamper upside momentum with beans and corn in the middle of a...Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 23 Mar 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=29http://www.pitguru.com/Article.aspx?cmd=detail&id=30Last week saw a nice gain in the market with little-to-no news. Citigroup having a profitable month does not mean their problems are fixed, or that...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 16 Mar 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=30http://www.pitguru.com/Article.aspx?cmd=detail&id=31Crude oil rose again, mirroring a gain of last week's 1.6% to a close of $46.25 a barrel on the NYMEX as traders closed out positions waiting on OPEC's meeting on Sunday, March 15th. Heating Oil continued to...Energiessales@futurespress.com (PitGuru Daniel Cronin)Mon, 16 Mar 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=31http://www.pitguru.com/Article.aspx?cmd=detail&id=32Cocoa was among the markets that appeared to be garnering fresh attention amid renewed risk appetites from investors last week. This possible renewed interest from speculators and funds could...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 16 Mar 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=32http://www.pitguru.com/Article.aspx?cmd=detail&id=34The previous week saw serious volatility as early week upside momentum was faded - then reversed again - with corn closing the week on fresh highs. The upside momentum came from...Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 16 Mar 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=34http://www.pitguru.com/Article.aspx?cmd=detail&id=35Precious metals were mainly down across the board as investors exited long positions amid a 700 point rally in the Dow Jones Industrial Average. Gold and Silver were...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 16 Mar 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=35http://www.pitguru.com/Article.aspx?cmd=detail&id=36The market has turned slightly green early heading into a new week. The dismal news continues to come out regarding the largest insurance company out there: AIG. Most recently...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 09 Mar 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=36http://www.pitguru.com/Article.aspx?cmd=detail&id=37Cocoa just couldn’t hold on to early week gains and tumbled lower to end last week’s trade. As bean arrivals at port in Ivory Coast pick up, it is likely this week will deliver...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 09 Mar 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=37http://www.pitguru.com/Article.aspx?cmd=detail&id=38Bleak economic reports continue to send people looking for a haven and gold got a boost last week because of that. Gold prices pushed towards $950 again and this week will probably...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 09 Mar 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=38http://www.pitguru.com/Article.aspx?cmd=detail&id=39The story of the day is clearly AIG. It has been decided by the powers that be this company is too important to hold accountable for their actions and let fail. AIG should receive as much as $30 billion in new government capital bailout money after posting the worst loss in the history of US corporations. The final quarter...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 02 Mar 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=39http://www.pitguru.com/Article.aspx?cmd=detail&id=41Gold and silver dropped steadily last week as traders took profits and the move towards precious metals cooled from the previous week’s trade. This week should see...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 02 Mar 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=41http://www.pitguru.com/Article.aspx?cmd=detail&id=42The previous week saw negative worldwide momentum eliminate any chance of a sustained rally with weakening fundamental factors leading to open interest liquidation. There was talk of...Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 02 Mar 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=42http://www.pitguru.com/Article.aspx?cmd=detail&id=43Cocoa made fresh attempts at moving higher but has been stopped in its tracks by recent reports that grindings will be lower. Added to that, a German cocoa trade group’s spokesperson said...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 02 Mar 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=43http://www.pitguru.com/Article.aspx?cmd=detail&id=44Each day the news coming out gets more interesting. Coming off of the heels of President Barack Obama’s $787 billion economic stimulus package, China decided they...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 23 Feb 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=44http://www.pitguru.com/Article.aspx?cmd=detail&id=45Cocoa has given back nearly all of its recent gains as traders begin to look to the possibility of falling demand in the midst of recession. This trend will likely continue...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 23 Feb 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=45http://www.pitguru.com/Article.aspx?cmd=detail&id=46Interest in precious metals continued last week and gold managed to pop above the $1000 level – although it couldn’t hold on to that price for too long. This week should see...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 23 Feb 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=46http://www.pitguru.com/Article.aspx?cmd=detail&id=47The previous week saw early pressure, then a chop trade in grains while pressure in beans continued due to collapsing Chinese crush margins. Macro markets saw a strong move from...Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 23 Feb 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=47http://www.pitguru.com/Article.aspx?cmd=detail&id=48Typically, when you’re not sure, you don’t act – a practice that Treasury Secretary Timothy Geithner follows. Today, he delayed the announcement of the financial recovery plan proposed by President Obama. The proposal...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 09 Feb 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=48http://www.pitguru.com/Article.aspx?cmd=detail&id=49Cocoa is still riding high on concerns that production will fall short of global bean needs, and that the 2008/2009 season will suffer from a supply deficit. A return of fund action in the speculative long side of this market has also...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 09 Feb 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=49http://www.pitguru.com/Article.aspx?cmd=detail&id=50Gold and silver continued to move higher last week with silver making some fresh highs for the year. Today’s trade has turned lower in both markets as traders take profits from the rally off the table. Weaker longs might...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 09 Feb 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=50http://www.pitguru.com/Article.aspx?cmd=detail&id=51The previous week saw an early price decline followed by a nice recovery with drier weather and positive equity sentiment allowing money to flow into our markets. Beans were the most...Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 09 Feb 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=51http://www.pitguru.com/Article.aspx?cmd=detail&id=52The final $350 billion of the TARP Funds are still burning a hole in the government’s pocket. Unfortunately, Obama’s administration has delayed the unveiling of how...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 02 Feb 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=52http://www.pitguru.com/Article.aspx?cmd=detail&id=53Cocoa delivered high prices before turning lower last week as rumors of larger bean deliveries to port in Ivory Coast began to pick up. Mid-week concerns that the crops might be threatened by pests helped...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 02 Feb 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=53http://www.pitguru.com/Article.aspx?cmd=detail&id=54The flight to quality picked up some steam last week and some fund interest returned to precious metals. There has been strong physical demand from ETFs, and gloomy economic reports brought...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 02 Feb 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=54http://www.pitguru.com/Article.aspx?cmd=detail&id=55The previous week saw a choppy trade as fresh fundamental information was scarce, allowing for mostly negative macro information and weak equities to weigh on a market looking for but lacking direction. The major story continues to be...Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 02 Feb 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=55http://www.pitguru.com/Article.aspx?cmd=detail&id=56Earnings season is just about to be in full swing. The expectation is not positive overall. Picture this: last week unemployment increased again from 6.7% to 7.2% in December. Each time it comes out...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 12 Jan 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=56http://www.pitguru.com/Article.aspx?cmd=detail&id=57Cocoa will be struggling to hold its recent price range this week as the late start might have pared deliveries but won't end on a complete down-note. There is still plenty of time to...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 12 Jan 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=57http://www.pitguru.com/Article.aspx?cmd=detail&id=58Gold couldn’t hang on to higher prices as the US dollar strengthened. Sagging oil prices and continued gains in the US dollar this week will keep the selling pressure on. Investors are still wary of...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 12 Jan 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=58http://www.pitguru.com/Article.aspx?cmd=detail&id=59The previous week saw a good upside bias with soybeans leading the upside charge as S. American weather and persistent Chinese demand kept basis and world ending stocks the talks of the town. Grains did move higher with wheat out pacing corn as...Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 12 Jan 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=59http://www.pitguru.com/Article.aspx?cmd=detail&id=60The markets were strong last week; the Dow and the S&P were both up over 6%. However, this is the first full trading week of the New Year and we are starting off down early. Bonds have become...Financialssales@futurespress.com (PitGuru Frank LaMantia)Mon, 05 Jan 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=60http://www.pitguru.com/Article.aspx?cmd=detail&id=61The holiday trading period has passed, and with the New Year traders are likely to approach the markets with gusto. Renewed interest in crude oil with the unrest in the Middle East will likely...Softssales@futurespress.com (PitGuru Daniel Cronin)Mon, 05 Jan 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=61http://www.pitguru.com/Article.aspx?cmd=detail&id=62The holidays are over and gold is moving lower as the US dollar strengthens against the euro. The chance that a stimulus package will support the US economy may send risk-adverse traders packing as...Metalssales@futurespress.com (PitGuru Jurgens H. Bauer)Mon, 05 Jan 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=62http://www.pitguru.com/Article.aspx?cmd=detail&id=63The previous week saw limited volume as the holiday season came to a close. The markets peaked early in the week then faded on profit taking with macro markets remaining the key indicators for...Grainssales@futurespress.com (PitGuru Matthew Pierce)Mon, 05 Jan 2009 00:00:00 GMThttp://www.pitguru.com/Article.aspx?cmd=detail&id=63