Results: 108 Records found.
  • brugler_640x480

    Red and Apparently Dead

    Oct 20, 2017 03:47 PM

    A glance at the weekly change table below shows a lot of red numbers, and not by just fractions of a percent. The notable exceptions (soy oil, hogs, oats) had good fundamental stories for the week. For the rest, the main theme for most of the week was a lack of price volatility. Options traders in particular were complaining that there was no vol to sell, and buying cheap options doesn’t work if there are no signs of life in the underlying.

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  • brugler_640x480

    Smarter? No So Fast!

    Oct 13, 2017 04:28 PM

    In last week’s column, I talked about being too soon oldt and too late schmardt. I offered the hope that we would be smarter about where prices should go after the USDA reports came out on Thursday. We now have more data, but are we smarter? As an example, USDA surprised the trade by hiking US average corn yield to 171.8 bpa and boosting production 96 million bushels. That would be presumed to be a bearish input, but prices were higher on both Thursday and Friday.

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  • brugler_640x480

    Too Soon Oldt and Too Late Schmardt

    Oct 06, 2017 04:17 PM

    Someone in my extended family used to have a black trivet with the inscription “We get too soon oldt, and too late schmardt”. This was supposed to be wisdom from Amish country. Whether authentic or not, the sentiment rings true in the commodity futures markets. Futures contracts have a fixed life before expiration, and you sometimes are faced with the choice of rolling over a basis contract at a negative basis or executing it. Options positions lose value with the passing of just about every day

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  • brugler_640x480

    Shocks and Stalks

    Sep 29, 2017 04:01 PM

    We had another quarterly USDA Grain Stocks report today, along with the annual Small Grains production report. These quarterly stocks reports have a reputation for surprising the markets, and this one was no exception. USDA found that there were only 301 million bushels of old crop soybeans sitting around the country on September 1.

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Results: 108 Records found.