I was kind of wrong this morning regarding the grains but not entirely. Wheat was the only market to move higher on the day by 3 cents, corn was lower by the same amount, beans on the other hand really was slapped by 13 cents. Other than the beans the Grains did rally from their morning and mid-day lows.
Hogs did in fact gap higher, filled the gap quickly and rallied up to 66.95 from the open of 63.37 closing at 65.50. Pretty good action all in all.
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