R.J. O'Brien - Blogs

CFTC Commitments of Traders Recap

Fri, 18 May 12 00:00:00 -0500

Blog - Fundamentals,

Attached to this blog is our weekly summary of the CFTC's Commitments of Traders reports. As always, a historical look at this data by commodity is available on this website at: http://www.rjomrt.com/content/cftc.php.

USDA Cattle on Feed Report Recap

Fri, 18 May 12 00:00:00 -0500

Blog - Fundamentals,

-May 1 On Feed lower than expected -April placements sharply lower than expected -April marketings higher than expected

Wheat Looks to Reverse L-T Slide

Fri, 18 May 12 00:00:00 -0500

Blog - Technicals,

On the immediate heels of Wed's bullish divergence in short-term momentum that warranted shorter-term traders with tighter risk profiles to take defensive measures to a previously advised bearish policy, yesterday's break above our long-term risk parameter at 6.56 detailed in the hourly chart below negated our long-term bearish view. Today's continued sharp gains not only completes one of this market's greatest

CME Group Extended Trading Hours to Start Sunday

Fri, 18 May 12 00:00:00 -0500

Blog - Fundamentals,

The CME Group received CFTC approval to begin 22-hour trading days starting Sunday night. Globex will trade continuously, with the exception of being closed for 3 hours daily from 2-5 PM CT. The CME's announcement is included in this post.

Major Bullish Rethink for Corn

Fri, 18 May 12 00:00:00 -0500

Blog - Technicals,

While the Jul corn market has only returned to the middle of the range that has arguably contained it since last Oct, the market has done something this week- today in fact- that it hasn't done in five months: recover above a prior corrective high on a significant enough scale to break the long-term downtrend. Given the extent and impulsiveness of this week's impressive rally and against a sentiment backdrop that has

Latest Cattle Gains Reinforce Base/Reversal Count, Define New Risk Parameters

Fri, 18 May 12 00:00:00 -0500

Blog - Technicals,

Yesterday's break above 09-May's 116.97 high that capped this market as resistance for a week reaffirms the developing uptrend and defines 11-May's 114.85 low as the latest corrective low and new short-term risk parameter this market is now minimally required to

S-T Silver Divergence from Range-Base Could Produce Surprising Gains

Fri, 18 May 12 00:00:00 -0500

Blog - Technicals,

Overnight's recovery above Tue's 28.43 minor corrective high and risk parameter stems, if only temporarily, the broader downtrend and defines Wed's 26.73 low as one of developing importance and our new short-term risk parameter. Given the scope of the nearly three month decline, odds are good that this pop in silver prices is merely corrective within the broader decline. But

CBOT Grains Pre-Opening Comments

Fri, 18 May 12 00:00:00 -0500

Blog - Fundamentals,

-No USDA sales announcements -CME asks for waiver on 10-day comment period for new trading hours proposal -US PNW grain exports seen expanding sharply -Argentina cuts soybean/corn estimates -Cattle on Feed estimates

New All-Time Low 10-yr Rates Confirm Secular Bull; Trail S&P Stops to 1,340

Fri, 18 May 12 00:00:00 -0500

Blog - Technicals,

Eclipsing 22Sep11's 1.72% low, yesterday's 1.697% close in U.S. 10-yr T-Note rates is the lowest in history and reaffirms the secular downtrend in rates that began 31 years ago from 15.84%. And per the daily log close-only chart below, a recovery above at least

News Schedule � Friday 5/18/12

Thu, 17 May 12 00:00:00 -0500

Blog - Fundamentals,

News Schedule – Friday 5/18/12