Industry Headlines:



Cocoa has been a macro trade of late. The December contract is range bound in this recent consolidation.






The Soybean market tried to run higher yesterday but fizzled out into the close. The lack of bullish headlines and harvest has kept a lid on things through the week. U.S benchmarks are shaking off weaker than expected China GDP from last night, the worst in nearly 30 years. Coming in at 6.0% versus 6.1% expected, it’s an ever-present headline reminder of the deteriorating growth conditions around the world. Oliver Sloup breaks down the busy day in grain futures markets. Corn futures traded down -14 cents and Soybean futures traded down -1.25 cents after the WASDE report.Chicago wheat bucked the trend and traded higher during yesterday’s session as fundamentalists point to hopes of improving demand. Corn futures saw another round of profit-taking yesterday, spilling into the overnight and early morning session. In yesterday’s report, we wrote: “We remain optimistic on prices but continue to feel a pullback/cleanse would be healthy for the market.U.S benchmarks have been subdued just slightly from yesterday’s exuberance. Strong earnings, solid economic data and formidable Brexit framework all lifted the S&P by 1.1% and the NQ by 1.3%.Oliver Sloup breaks down the busy day in grain futures markets. Corn futures traded down -14 cents and Soybean futures traded down -1.25 cents after the WASDE report.U.S benchmarks are surging into U.S hours Friday in hopes of an interim trade deal. President Trump has lauded progress between high-level delegates and is set to meet Vice Premier Liu He today before the closing bell.Corn futures gave back some ground yesterday as producers looked to reduce risk ahead of this morning's WASDE report.Price action broke to a new low on the week in both the S&P and NQ but has steadily recovered overnight.


Each day on the European market opening Anthony Cheung, Sam North, and Amplify Trading gets you prepared for the trading day. They focus on relevant macroeconomic insights and trade idea generation for the global macro futures markets.


The U.S. refining system sunk deeper into hibernation as the Energy Information Administration reported that U.S. refineries fell to only 83.1% of their operable capacity last week, the lowest level since 2017.


Trades we are monitoring today. this structure caught our attention, as being one of few value trades that was being executed. If you’re on the steepening track in the US, the recent drop in 30-Year Vol might be worth a look.


Very little has changed in crypto markets over the last 24hrs with bitcoin (BTC) continuing to consolidate around USD 8,000. If there's anything to point out, monero (XMR) is up over 10% ahead of protocol upgrades tentatively scheduled for October 24.


U.S benchmarks are shaking off weaker than expected China GDP from last night, the worst in nearly 30 years. Coming in at 6.0% versus 6.1% expected, it’s an ever-present headline reminder of the deteriorating growth conditions around the world.


Oliver Sloup breaks down the busy day in grain futures markets. Corn futures traded down -14 cents and Soybean futures traded down -1.25 cents after the WASDE report.Chicago wheat bucked the trend and traded higher during yesterday’s session as fundamentalists point to hopes of improving demand. Corn futures saw another round of profit-taking yesterday, spilling into the overnight and early morning session. In yesterday’s report, we wrote: “We remain optimistic on prices but continue to feel a pullback/cleanse would be healthy for the market.U.S benchmarks have been subdued just slightly from yesterday’s exuberance. Strong earnings, solid economic data and formidable Brexit framework all lifted the S&P by 1.1% and the NQ by 1.3%.Oliver Sloup breaks down the busy day in grain futures markets. Corn futures traded down -14 cents and Soybean futures traded down -1.25 cents after the WASDE report.U.S benchmarks are surging into U.S hours Friday in hopes of an interim trade deal. President Trump has lauded progress between high-level delegates and is set to meet Vice Premier Liu He today before the closing bell.Corn futures gave back some ground yesterday as producers looked to reduce risk ahead of this morning's WASDE report.Price action broke to a new low on the week in both the S&P and NQ but has steadily recovered overnight.December corn futures printed their highest price since August 12th (USDA report day) as funds continued to cover short positions ahead of tomorrow’s WASDE report and the looming freeze/snowstorm. The revolving U.S and China trade headlines continue and just like that the S&P was nearly 2% off last night’s low. China said Monday it would never consider changes in intellectual property laws and yesterday the U.S blacklisted 28 Chinese companies.


2019 has been a good year for CTAs thus far. Most CTA indices are reporting positive performance, and many strategies that had been out of favor for the past few years are making a comeback. Trend following and global macro strategies are again prevalent within managed futures and many are… - The post appeared first on managedfuturesinvesting


The crowning achievement for investors is the ability to identify which of the few active mutual funds will outperform in the future. Despite an overwhelming body of academic research which has demonstrated that past performance doesn’t guarantee future performance and (as the annual SPIVA Persistence Scorecards regularly report) there is less persistence of outperformance than [...] - was originally published at . Please read the Alpha Architect at your convenience.


Macro trading is an investment strategy that is designed to take advantage of structural imbalances in global asset markets caused by economic, financial, social or political factors. On a tactical level it utilizes a pre-determined measure of risk to gain maximum leverage in asymmetric investment opportunities. Based on fundamentals, it… - The post appeared first on managedfuturesinvesting


Chicago wheat bucked the trend and traded higher during yesterday’s session as fundamentalists point to hopes of improving demand. Corn futures saw another round of profit-taking yesterday, spilling into the overnight and early morning session. In yesterday’s report, we wrote: “We remain optimistic on prices but continue to feel a pullback/cleanse would be healthy for the market.U.S benchmarks have been subdued just slightly from yesterday’s exuberance. Strong earnings, solid economic data and formidable Brexit framework all lifted the S&P by 1.1% and the NQ by 1.3%.Oliver Sloup breaks down the busy day in grain futures markets. Corn futures traded down -14 cents and Soybean futures traded down -1.25 cents after the WASDE report.U.S benchmarks are surging into U.S hours Friday in hopes of an interim trade deal. President Trump has lauded progress between high-level delegates and is set to meet Vice Premier Liu He today before the closing bell.Corn futures gave back some ground yesterday as producers looked to reduce risk ahead of this morning's WASDE report.Price action broke to a new low on the week in both the S&P and NQ but has steadily recovered overnight.December corn futures printed their highest price since August 12th (USDA report day) as funds continued to cover short positions ahead of tomorrow’s WASDE report and the looming freeze/snowstorm. The revolving U.S and China trade headlines continue and just like that the S&P was nearly 2% off last night’s low. China said Monday it would never consider changes in intellectual property laws and yesterday the U.S blacklisted 28 Chinese companies.December live cattle managed to work into our resistance pocket today, we have defined that as 111.175-111.50, this pocket represents previously important price points, including the gap from August 9th.


The American Petroleum Institute (API) more than lived up to the whisper number on crude oil by reporting a massive 10.451-million-barrel increase in crude oil supply. Yet as impressive as the number night seem, it appears that it was mostly priced in causing only modest selling after its release.


Futures traded their range overnight as geopolitical news broke futures early and they began their climb back prior to the pit open. Economic releases did little to move futures in any meaningful direction as tighter ranges were seen for the remainder of the day.


Each day on the European market opening Anthony Cheung, Sam North, and Amplify Trading gets you prepared for the trading day. They focus on relevant macroeconomic insights and trade idea generation for the global macro futures markets.


Corn futures saw another round of profit-taking yesterday, spilling into the overnight and early morning session. In yesterday’s report, we wrote: “We remain optimistic on prices but continue to feel a pullback/cleanse would be healthy for the market.U.S benchmarks have been subdued just slightly from yesterday’s exuberance. Strong earnings, solid economic data and formidable Brexit framework all lifted the S&P by 1.1% and the NQ by 1.3%.Oliver Sloup breaks down the busy day in grain futures markets. Corn futures traded down -14 cents and Soybean futures traded down -1.25 cents after the WASDE report.U.S benchmarks are surging into U.S hours Friday in hopes of an interim trade deal. President Trump has lauded progress between high-level delegates and is set to meet Vice Premier Liu He today before the closing bell.Corn futures gave back some ground yesterday as producers looked to reduce risk ahead of this morning's WASDE report.Price action broke to a new low on the week in both the S&P and NQ but has steadily recovered overnight.December corn futures printed their highest price since August 12th (USDA report day) as funds continued to cover short positions ahead of tomorrow’s WASDE report and the looming freeze/snowstorm. The revolving U.S and China trade headlines continue and just like that the S&P was nearly 2% off last night’s low. China said Monday it would never consider changes in intellectual property laws and yesterday the U.S blacklisted 28 Chinese companies.December live cattle managed to work into our resistance pocket today, we have defined that as 111.175-111.50, this pocket represents previously important price points, including the gap from August 9th.Corn crop progress report showed good/excellent ratings at 56%, 1% below expectations. Corn harvest is 15% complete, 4% behind already lagging expectations.


DJ USDA Grain Inspections for Export in Metric Tons – Oct 15 COUNTRY OF DESTINATION IS REPORTED AS KNOWN AT THE TIME OF EXPORTATION.


I’m sorry I missed last nights debates… No I am not sorry… Did not miss a thing! We started the day with MBA Mortgage Applications [...]


The oil market is struggling as the whisper number on weekly oil inventories are seeming to get bigger. Tonight we get the American Petroleum Institute [...]




According to the Barclay CTA Index, managed futures funds reversed course from the prior month's gains in September and declined 1.48%. Trends prove hard to find during the month making it difficult ...


Every minute of every trading day, trading signals are assessed on a portfolio of30 futures marketsand tracked in a veryhigh level of transparency and accountability.


Each afternoon Ira Epstein gets you up to speed on what happened inthe metals futures markets. He focuses on relevant economic and geopolitical topics that affect the precious metals and base metal markets.


Each day on the European market opening Anthony Cheung, Sam North, and Amplify Trading gets you prepared for the trading day. They focus on relevant macroeconomic insights and trade idea generation for the global macro futures markets.


Crypto is down this morning with most of the Top 10 down at least -2.5%. Bitcoin (BTC) is holding below USD 8,000 but remains above lows seen in the last 2 weeks.


Slowing global economic concerns have OPEC already planning an additional production cut


U.S benchmarks have been subdued just slightly from yesterday’s exuberance. Strong earnings, solid economic data and formidable Brexit framework all lifted the S&P by 1.1% and the NQ by 1.3%.


Slow overnight trade and minimal option activity. Eurodollar STIR futures traded higher without any real data points.



The performance data shown in tables and graphs on this page is calculated in USD of the fund/index/average (as applicable), on a Bid To Bid / Nav to Nav basis, with gross dividends re-invested The post appeared first on bing..


DJ CBOT Delivery Intentions: Totals – Oct 15 Source: CME Group Contract Quantity Next Trade Commodity Month Delivery Day Assigned Today Date [...]


Lingchi is the Chinese term for the form of torture we know as “death by 1000 cuts” that was reportedly used from 900 CE until it was banned in 1905. It is also translated as the slow process, the lingering death, or slow slicing “where a knife was used to methodically remove portions of the [...] - was originally published at . Please read the Alpha Architect at your convenience.


We kickoff the day with Red Book at 7:55 A.M., FED Bostic Speech at 8:00 A.M., Consumer Inflation Expectations and Export Inspections at 10:00 A.M. [...]




Oil needs some Prozac. Mood shifts in the oil market are becoming more violent and lacking any trend. Prices spiked to 6389 on the Saudi [...]



Every minute of every trading day, trading signals are assessed on a portfolio of30 futures marketsand tracked in a veryhigh level of transparency and accountability.


Mood shifts in the oil market are becoming more violent and lacking any trend. Prices spiked to 63.89 on the Saudi attacks and broke down to 50.99 before recovering into what is now one of the wildest trading rages in recent memory.


Each day on the European market opening Anthony Cheung, Sam North, and Amplify Trading gets you prepared for the trading day. They focus on relevant macroeconomic insights and trade idea generation for the global macro futures markets.



The investment seeks positive absolute returns. The fund seeks to achieve its investment objectives using two principal strategies, a Futures Strategy and a Fixed Income Strategy. To pursue its ...


DJ CBOT Delivery Intentions: Totals – Oct 14 Source: CME Group Contract Quantity Next Trade Commodity Month Delivery Day Assigned Today Date [...]


Crowded Trades: Implications for Sector Rotation and Factor Timing William Kinlaw, Mark Kritzman, and David TurkingtonJournal of Portfolio ManagementA version of this paper can be foundhereWant to read our summaries of academic finance papers? Check out our Academic Research Insight category What are the research questions? What is a crowded trade?What is asset centrality?Does asset [...] - was originally published at . Please read the Alpha Architect at your convenience.


We kickoff this morning with no reports today as we celebrate Columbus Day, Canada celebrating Thanksgiving and Japan celebrating Sports Day. We were celebrating traction [...]



On Friday U.S.-China trade hopes were high but now they are falling apart. Trump sent oil markets and stock markets flying late Friday when he [...]











DEC CORN A confluence of contrasting fundamentals has descended upon the corn mkt – creating a highly volatile mkt environment. First, the USDA incredulously raised [...]


Here is our reaction to the USDA’s October Crop Production and the latest US/World Supply/Demand forecasts. Hopefully, this information will be helpful in your ag [...]


DJ USDA Report: Summary for U.S. Agriculture Supply, Demand Report Following are key numbers from the USDA’s crop report Thursday and how the government’s [...]


Oliver Sloup breaks down the busy day in grain futures markets. Corn futures traded down -14 cents and Soybean futures traded down -1.25 cents after the WASDE report.U.S benchmarks are surging into U.S hours Friday in hopes of an interim trade deal. President Trump has lauded progress between high-level delegates and is set to meet Vice Premier Liu He today before the closing bell.Corn futures gave back some ground yesterday as producers looked to reduce risk ahead of this morning's WASDE report.Price action broke to a new low on the week in both the S&P and NQ but has steadily recovered overnight.December corn futures printed their highest price since August 12th (USDA report day) as funds continued to cover short positions ahead of tomorrow’s WASDE report and the looming freeze/snowstorm. The revolving U.S and China trade headlines continue and just like that the S&P was nearly 2% off last night’s low. China said Monday it would never consider changes in intellectual property laws and yesterday the U.S blacklisted 28 Chinese companies.December live cattle managed to work into our resistance pocket today, we have defined that as 111.175-111.50, this pocket represents previously important price points, including the gap from August 9th.Corn crop progress report showed good/excellent ratings at 56%, 1% below expectations. Corn harvest is 15% complete, 4% behind already lagging expectations.December corn futures had an impressive run to start last week’s trade, ending with a healthy pullback off technical resistance. All eyes this week will be on Thursday’s WASDE report.Soybean futures started strong yesterday on a great export sales number, 2,076,200 metric tons. Technical resistance was too much and profit-taking brought prices back into negative territory.


We kickoff the day with FED Kashkari Speech at 7:00 A.M., Export Prices at 7:30 A.M., Michigan Consumer Sentiment at 9:00 A.M., Baker Hughes Rig-Count [...]


Geopolitical risk and oil prices are rising as president Trump says that Trade talks are “going really well” and reports of a missile attack on [...]





Each day on the European market opening Anthony Cheung, Sam North, and Amplify Trading gets you prepared for the trading day. They focus on relevant macroeconomic insights and trade idea generation for the global macro futures markets.


Geopolitical risk and oil prices are rising as President Trump says that Trade talks are “going really well” and reports of a missile attack on an Iranian oil tanker.


U.S benchmarks are surging into U.S hours Friday in hopes of an interim trade deal. President Trump has lauded progress between high-level delegates and is set to meet Vice Premier Liu He today before the closing bell.


Oliver Sloup breaks down the busy day in grain futures markets. Corn futures traded down -14 cents and Soybean futures traded down -1.25 cents after the WASDE report.Corn futures gave back some ground yesterday as producers looked to reduce risk ahead of this morning's WASDE report.Price action broke to a new low on the week in both the S&P and NQ but has steadily recovered overnight.December corn futures printed their highest price since August 12th (USDA report day) as funds continued to cover short positions ahead of tomorrow’s WASDE report and the looming freeze/snowstorm. The revolving U.S and China trade headlines continue and just like that the S&P was nearly 2% off last night’s low. China said Monday it would never consider changes in intellectual property laws and yesterday the U.S blacklisted 28 Chinese companies.December live cattle managed to work into our resistance pocket today, we have defined that as 111.175-111.50, this pocket represents previously important price points, including the gap from August 9th.Corn crop progress report showed good/excellent ratings at 56%, 1% below expectations. Corn harvest is 15% complete, 4% behind already lagging expectations.December corn futures had an impressive run to start last week’s trade, ending with a healthy pullback off technical resistance. All eyes this week will be on Thursday’s WASDE report.Soybean futures started strong yesterday on a great export sales number, 2,076,200 metric tons. Technical resistance was too much and profit-taking brought prices back into negative territory.U.S benchmarks tacked on another 1% in losses which became capitulatory and price action bottomed out just as quickly before reversing 2% off the low.


Research into the momentum factor continues to demonstrate its persistence and pervasiveness, including across factors. Recent papers have focused on trying to identify ways to improve the explanatory power and performance of momentum strategies. Prior research on Momentum The study “Momentum Has Its Moments” found that momentum strategies can be improved by scaling for volatility—targeting [...] - was originally published at . Please read the Alpha Architect at your convenience.


DJ U.S. Corn, Soybean Production Estimates — Survey CHICAGO–The following are analysts’ estimates for 2019 U.S. corn and soybean production in millions of bushels, [...]


We kickoff the day with CPI, Export Sales, Jobless Claims and Real Earnings at 7:30 A.M. EIA Gas Storage at 9:30 A.M., 4 & 8 [...]


Corn futures gave back some ground yesterday as producers looked to reduce risk ahead of this morning's WASDE report.Price action broke to a new low on the week in both the S&P and NQ but has steadily recovered overnight.December corn futures printed their highest price since August 12th (USDA report day) as funds continued to cover short positions ahead of tomorrow’s WASDE report and the looming freeze/snowstorm. The revolving U.S and China trade headlines continue and just like that the S&P was nearly 2% off last night’s low. China said Monday it would never consider changes in intellectual property laws and yesterday the U.S blacklisted 28 Chinese companies.December live cattle managed to work into our resistance pocket today, we have defined that as 111.175-111.50, this pocket represents previously important price points, including the gap from August 9th.Corn crop progress report showed good/excellent ratings at 56%, 1% below expectations. Corn harvest is 15% complete, 4% behind already lagging expectations.December corn futures had an impressive run to start last week’s trade, ending with a healthy pullback off technical resistance. All eyes this week will be on Thursday’s WASDE report.Soybean futures started strong yesterday on a great export sales number, 2,076,200 metric tons. Technical resistance was too much and profit-taking brought prices back into negative territory.U.S benchmarks tacked on another 1% in losses which became capitulatory and price action bottomed out just as quickly before reversing 2% off the low.November soybean futures retreated yesterday as recent buyers started to take some profits. As with corn, attention will start to shift back to weather and harvest reports over the coming weeks.


Global Recession Warnings came fast and furious in September with the OECD cutting 2019 GDP growth by -0.3% to +2.9% for the year, the IMF reducing growth to +3.2% and IHS Markit’s Purchasing Managers’ Index (PMI) indicating contractions in manufacturing in a majority of countries. OECD 2020 projections look… - The post appeared first on managedfuturesinvesting


Oil traders are looking at the world through China colored glasses. Made in China of course. Just when you thought trading oil could not get [...]



Oil futures prices on the opening of the electronic session tested the lower end of the trading range on a report from the Honk Kong Press that “US-China talks are expected to last for only one day! No progress made.”


Price action broke to a new low on the week in both the S&P and NQ but has steadily recovered overnight.


Crypto markets are showing signs of life with BTC touching above USD 8,700 in the last 24-hours. Volumes have also risen, with activity now in the range of 1.3x an albeit depressed 30-day average.


Minimal action overnight as futures trade in a tight range. That changed after the release of the September CPI data. Algos initially read the headline number as weak, and futures ticked up. However, core CPI, at 2.4% YoY, was the strongest reading since late 2008, and futures traded down to the bottom of the day’s range.




DJ U.S. Corn, Soybean Production Estimates — Survey CHICAGO–The following are analysts’ estimates for 2019 U.S. corn and soybean production in millions of bushels, [...]


The fund invests generally between 60% to 80% of its assets directly in fixed income investments to generate returns and interest income, diversifying the returns of the fund's investments in managed ...


The Fund seeks capital growth. The Fund will be implementing a quantitative trading strategy that is designed to capitalize on price trends in a broad range of global stock index, bond, currency, ...


December corn futures printed their highest price since August 12th (USDA report day) as funds continued to cover short positions ahead of tomorrow’s WASDE report and the looming freeze/snowstorm. The revolving U.S and China trade headlines continue and just like that the S&P was nearly 2% off last night’s low. China said Monday it would never consider changes in intellectual property laws and yesterday the U.S blacklisted 28 Chinese companies.December live cattle managed to work into our resistance pocket today, we have defined that as 111.175-111.50, this pocket represents previously important price points, including the gap from August 9th.Corn crop progress report showed good/excellent ratings at 56%, 1% below expectations. Corn harvest is 15% complete, 4% behind already lagging expectations.December corn futures had an impressive run to start last week’s trade, ending with a healthy pullback off technical resistance. All eyes this week will be on Thursday’s WASDE report.Soybean futures started strong yesterday on a great export sales number, 2,076,200 metric tons. Technical resistance was too much and profit-taking brought prices back into negative territory.U.S benchmarks tacked on another 1% in losses which became capitulatory and price action bottomed out just as quickly before reversing 2% off the low.November soybean futures retreated yesterday as recent buyers started to take some profits. As with corn, attention will start to shift back to weather and harvest reports over the coming weeks.Yesterday’s S&P 500 bloodbath is trying to stabilize, and price action is modestly higher at best. Economic data is in focus early and it was a bleak start after European Services and Composite PMIs came in below expectations.With the quarterly stocks report behind us, attention will turn back to weather and yield reports from the field. We remain optimistic on prices,


We started off the day with MBA Mortgage Applications coming in at 5.4% with the previous 8.!% while the 30-Year Mortgage Rate came in at [...]


Global Oil Production Cut by 5% and Market Yawned: To be fair, the oil market did react on the attack by Iran (or its proxies) on Saudi Arabia’s largest oil blending facility at Abqaiq: prices moved up almost 15% over the weekend from $54.85 to $62.90 per barrel. However,… - The post appeared first on managedfuturesinvesting


The crude oil market is still fixated on trade war news yet behind the scenes, there is a growing supply issue especially when it comes [...]



The revolving U.S and China trade headlines continue and just like that the S&P was nearly 2% off last night’s low. China said Monday it would never consider changes in intellectual property laws and yesterday the U.S blacklisted 28 Chinese companies.


We are seeing higher prices today in the crypto market. BTC trading in some of the tightest ranges we've seen in 2019. Volumes are breaking below the lowest levels seen in the second half of 2019.


Each day on the European market opening Anthony Cheung, Sam North, and Amplify Trading gets you prepared for the trading day. He focuses on relevant macroeconomic insights and trade idea generation for the global macro futures markets.


The crude oil market is still fixated on trade war news yet behind the scenes, there is a growing supply issue especially when it comes to distillate fuels. Oil prices sank as relations between the U.S. and China seemed to sour.


DJ U.S. Corn, Soybean Production Estimates — Survey CHICAGO–The following are analysts’ estimates for 2019 U.S. corn and soybean production in millions of bushels, [...]




James MontierA full version of this paper can be found in this bookWant to read our summaries of academic finance papers? Check out ourAcademic Research Insightcategory Introduction In an earlier post we analyzed the prominent and often-cited study on “net-nets” conducted by Henry R. Oppenheimer from the Financial Analysts Journal (1986). In this post, we [...] - was originally published at . Please read the Alpha Architect at your convenience.


The NFIB Business Optimism Index came out at 5:00 A.M. at 101.8 vs. the previous 103.1 the forecast was for 103.6 and consensus 104.1. We [...]


December live cattle managed to work into our resistance pocket today, we have defined that as 111.175-111.50, this pocket represents previously important price points, including the gap from August 9th.Corn crop progress report showed good/excellent ratings at 56%, 1% below expectations. Corn harvest is 15% complete, 4% behind already lagging expectations.December corn futures had an impressive run to start last week’s trade, ending with a healthy pullback off technical resistance. All eyes this week will be on Thursday’s WASDE report.Soybean futures started strong yesterday on a great export sales number, 2,076,200 metric tons. Technical resistance was too much and profit-taking brought prices back into negative territory.U.S benchmarks tacked on another 1% in losses which became capitulatory and price action bottomed out just as quickly before reversing 2% off the low.November soybean futures retreated yesterday as recent buyers started to take some profits. As with corn, attention will start to shift back to weather and harvest reports over the coming weeks.Yesterday’s S&P 500 bloodbath is trying to stabilize, and price action is modestly higher at best. Economic data is in focus early and it was a bleak start after European Services and Composite PMIs came in below expectations.With the quarterly stocks report behind us, attention will turn back to weather and yield reports from the field. We remain optimistic on prices, U.S benchmarks slipped sharply south yesterday, and price action is now at one-month lows. Our narrative played out perfectly; this market must see better data in order to perform strongly. December corn futures took off yesterday following a bullish USDA report. The USDA showed quarterly stocks at 2.114 billion bushels, right on the bottom end of estimates.


Oil prices had been rallying overnight on Chinese trade talk hopes but a drop in German factory orders and reports that China is looking [...]



Crypto markets are not moving with BTC trading in less than a $200 band over the last 24-hours. Needless to say, volumes and volatility continue to decline.


Trades we are monitoring today. If you’re also looking at the Silver Options this might be a trade that’s worth a look.


Corn crop progress report showed good/excellent ratings at 56%, 1% below expectations. Corn harvest is 15% complete, 4% behind already lagging expectations.


Futures traded on their lows for the session prior to the pit open. After a disappointing PPI release, futures moved progressively higher throughout the trading session, closing off mid-morning highs.


Each afternoon Ira Epstein gets you up to speed on what happened inthe metals futures markets. He focuses on relevant economic and geopolitical topics that affect the precious metals and base metal markets.


Each afternoon Ira Epstein gets you up to speed on what happened inthe metals futures markets. He focuses on relevant economic and geopolitical topics that affect the precious metals and base metal markets.


Each afternoon Ira Epstein gets you up to speed on what happened inthe metals futures markets. He focuses on relevant economic and geopolitical topics that affect the precious metals and base metal markets.


Each afternoon Ira Epstein gets you up to speed on what happened inthe metals futures markets. He focuses on relevant economic and geopolitical topics that affect the precious metals and base metal markets.


Oil prices had been rallying overnight on Chinese trade talk hopes but a drop in German factory orders and reports that China is looking to strike back at the U.S. over its Chinese tech list raised more concerns about oil demand.


December corn futures had an impressive run to start last week’s trade, ending with a healthy pullback off technical resistance. All eyes this week will be on Thursday’s WASDE report.Soybean futures started strong yesterday on a great export sales number, 2,076,200 metric tons. Technical resistance was too much and profit-taking brought prices back into negative territory.U.S benchmarks tacked on another 1% in losses which became capitulatory and price action bottomed out just as quickly before reversing 2% off the low.November soybean futures retreated yesterday as recent buyers started to take some profits. As with corn, attention will start to shift back to weather and harvest reports over the coming weeks.Yesterday’s S&P 500 bloodbath is trying to stabilize, and price action is modestly higher at best. Economic data is in focus early and it was a bleak start after European Services and Composite PMIs came in below expectations.With the quarterly stocks report behind us, attention will turn back to weather and yield reports from the field. We remain optimistic on prices, U.S benchmarks slipped sharply south yesterday, and price action is now at one-month lows. Our narrative played out perfectly; this market must see better data in order to perform strongly. December corn futures took off yesterday following a bullish USDA report. The USDA showed quarterly stocks at 2.114 billion bushels, right on the bottom end of estimates.Lean hogs started the day with a gap lower on what was thought to be a bearish Hogs & Pigs report on Friday. December corn futures have been trading sideways for the better part of the last two weeks as market participants continue to wait for new news and clarity.


Model Portfolios Basu, Gates, Karir and AngJournal of Wealth Management, Spring 2019A version of the paper can be found here Want to read our summaries of academic finance papers? Check out ourAcademic Research Insightcategory What are the Research Questions? Asset allocation is a very important decision for investors. Model portfolios are constructed with an optimized [...] - was originally published at . Please read the Alpha Architect at your convenience.


DJ U.S. Corn, Soybean Production Estimates — Survey CHICAGO–The following are analysts’ estimates for 2019 U.S. corn and soybean production in millions of bushels, [...]


We kickoff the day with Fed Kashkari speech at 9:20 A.M., Export Inspections at 10:00 A.M., 3 & 6-month Bill auction at 10:30 A.M., Fed [...]




There are reports that the U.S./China trade deal talks will be scaled down as the Chinese seem to not want to make any commitments as [...]




Trades we are monitoring today. this structure caught our attention, as being one of few value trades that was being executed. The market focus seems to be entirely centered on ramming up the value of Call structures.


Crypto is higher this morning, however, trading patterns remain unchanged as BTC consolidates around USD 8,000. Volatility and volumes remain on the decline.


The oil market is finding stability as it realizes that last week’s deep slide was overdone. Oil is finding support on more surveys that show a big drop in OPEC oil production.



Here are Price Futures expectations for the upcoming USDA October US & World Production and Supply/Demand Revisions being released on Thursday, October 10. Hopefully, this [...]


DJ U.S. August Grain Imports-Oct 4 In kilograms, from the U.S. Commerce Department, converted to pounds by Dow Jones. —-Aug 2019—- —-Jul [...]


Soybean futures started strong yesterday on a great export sales number, 2,076,200 metric tons. Technical resistance was too much and profit-taking brought prices back into negative territory.U.S benchmarks tacked on another 1% in losses which became capitulatory and price action bottomed out just as quickly before reversing 2% off the low.November soybean futures retreated yesterday as recent buyers started to take some profits. As with corn, attention will start to shift back to weather and harvest reports over the coming weeks.Yesterday’s S&P 500 bloodbath is trying to stabilize, and price action is modestly higher at best. Economic data is in focus early and it was a bleak start after European Services and Composite PMIs came in below expectations.With the quarterly stocks report behind us, attention will turn back to weather and yield reports from the field. We remain optimistic on prices, U.S benchmarks slipped sharply south yesterday, and price action is now at one-month lows. Our narrative played out perfectly; this market must see better data in order to perform strongly. December corn futures took off yesterday following a bullish USDA report. The USDA showed quarterly stocks at 2.114 billion bushels, right on the bottom end of estimates.Lean hogs started the day with a gap lower on what was thought to be a bearish Hogs & Pigs report on Friday. December corn futures have been trading sideways for the better part of the last two weeks as market participants continue to wait for new news and clarity.U.S benchmarks are working higher from Friday’s trade scare. It was reported the White House is considering both delisting Chinese companies from U.S stock exchanges and imposing restrictions on U.S investments in China.


We kickoff the first Friday of the month with Unemployment and U.S. Trade Balance at 7:30 A.M. On the Corn front, the market seems to [...]


The oil market is fixated on macro-economic issues and not necessarily current supply or demand. The weak ISM service sector number added to oil demand [...]




he oil market is fixated on macro-economic issues and not necessarily current supply or demand. The weak ISM service sector number added to oil demand fears even as data showed the global oil demand growth in August.


U.S benchmarks tacked on another 1% in losses which became capitulatory and price action bottomed out just as quickly before reversing 2% off the low.


It seemed the market had a hard time deciphering the Payroll data, as interest rate futures traded their entire range immediately after the number. Blame it on the algos and lowliquidity.


Now Two Weeks After The Bakkt Physical Futures Launch, We Provide A Recap - We Continue To Feel The Product Is Limited In Its Potential To Attract New Institutional Investors To Space -Furthermore, We Believe Any New Crypto Product Marketed Towards Institutions Will Require A Sales Effort Focused On Alpha Opportun




DEC CORN Well all of a sudden, the USDA is admitting that corn stocks aren’t quite as plentiful as advertised – estimating Qtly stocks well [...]


It's not a perfect world out there and often times alternative funds are mischaracterized, misused, and not put through a rigorous enough portfolio construction process. It's my hope that I can forewarn you of the proverbial landmines and better prepare you to invest (or not invest) in the alternative space.[ref]A little twitter defense disclosure; alternative [...] - was originally published at . Please read the Alpha Architect at your convenience.


Mon Oct 7th is First Notice Day in the October Live Cattle. Any LONG positions at the close of business Monday will be at risk [...]


DJ CBOT Delivery Intentions: Totals – Oct 3 Source: CME Group Contract Quantity Next Trade Commodity Month Delivery Day Assigned Today Date [...]


November soybean futures retreated yesterday as recent buyers started to take some profits. As with corn, attention will start to shift back to weather and harvest reports over the coming weeks.Yesterday’s S&P 500 bloodbath is trying to stabilize, and price action is modestly higher at best. Economic data is in focus early and it was a bleak start after European Services and Composite PMIs came in below expectations.With the quarterly stocks report behind us, attention will turn back to weather and yield reports from the field. We remain optimistic on prices, U.S benchmarks slipped sharply south yesterday, and price action is now at one-month lows. Our narrative played out perfectly; this market must see better data in order to perform strongly. December corn futures took off yesterday following a bullish USDA report. The USDA showed quarterly stocks at 2.114 billion bushels, right on the bottom end of estimates.Lean hogs started the day with a gap lower on what was thought to be a bearish Hogs & Pigs report on Friday. December corn futures have been trading sideways for the better part of the last two weeks as market participants continue to wait for new news and clarity.U.S benchmarks are working higher from Friday’s trade scare. It was reported the White House is considering both delisting Chinese companies from U.S stock exchanges and imposing restrictions on U.S investments in China.Corn Export Sales came in at a disappointing 494,000 metric tons. That coupled with some position squaring ahead of Monday’s quarterly stocks report and the end of the month brought prices back near technical support.U.S benchmarks have been working higher since the opening bell swoon yesterday and since price action Wednesday morning held the overnight low; the range has been about 1% and gyrating higher with 3000 broadly acting as a psychological ceiling.


We kickoff the day with Export Sales and Jobless Claims at 7:30 A.M., Factory Orders and ISM Non-Manufacturing Index at 9:00 A.M. followed by EIA [...]


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