Nice Move for Beans!
From the 4 to 5 cents higher overnight to 10 cents higher at around noon Eastern beans have had pretty good volume shrugging off the break of Monday. US soybean planting estimated at around 75% week over week. A little slower than many expected.
Corn modestly higher while Wheat continues to be weak.
This jobs number should ease some recession fears, although next weeks CPI will be a key indicator as we all know. Payrolls were up 372,00 better than expected with the unemployment rate remains at 3.
It is incredible the products the CME Group keep developing to efficiently manage risk. Coming in October they will be releasing products that lenders and other institutional financial market users wi
The CME in August will be introducing a new Lumber Futures Contract that is very beneficial to hedgers. Her are the highlights... New Lumber futures and options Launching on August 8* barcharts.com Th