Wheat Market Commentary – 2010.03.09
09 March 2010
Remain on the short side in wheat, but be quick to take profits near the February lows.
09 March 2010
Remain on the short side in wheat, but be quick to take profits near the February lows.
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09 March 2010
Erosion is hard to stop in the corn market after it starts gaining momentum, and that appears to be where we are at right now.
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09 March 2010
Good weather for harvest in South America, speculative long liquidation selling and forecast for a hefty supply ahead has helped to pressure the market.
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04 March 2010
The bias in the Dollar would look to remain down especially if US numbers are decent and the Greek debt auction is deemed to be mostly successful.
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04 March 2010
Some technical corrective action underway and since anxiety off the Greece situation looks to be tempered, the market should be able to bounce off US data flows.
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04 March 2010
We suspect that ranges might be narrowed later today due to the US Non Farm payroll report on Friday morning, unless of course the stock market takes out the Tuesday lows off some fresh disconcerting development.
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03 March 2010
Oil markets seem to have an upward price bias giving the bull camp an early edge.
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03 March 2010
With the outlook for the Greece situation seemingly improved by the latest austerity program and equity market action generally upbeat over the last 24 hours, that seems to have left physical commodities like the metals markets in favor.
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03 March 2010
With a weaker Dollar and generally up bear macro economic views, the bull camp has more ammunition than the bear camp.
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02 March 2010
Cotton is finally in the process of making its first correction to the sharp rally that started in early February.
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