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  • Energy, metals and Index futures are under pressure this morning

    Energy, Metals and Index futures are under pressure this morning from a .4% move higher in the US$ index and a clear lack of support by trend following traders.  June Crude Oil was trading $114.83 per barrel on May 2nd, yet the contract crashed d...
  • Link to Progressive Dairyman article

    Here is the link: http://www.progressivedairy.com/index.php?option=com_content&view=article&id=6307:california-dairymen-discuss-foundation-for-the-future&catid=36:industry-news&Itemid=62...
  • Central Valley Water Board Executive Officer Issues


    FOR IMMEDIATE RELEASE    

    CONTACT: Doug Patteson

    May 12, 2011    

    Phone: (559) 445-5116

     

    CENTRAL VALLEY WATER BOARD EXECUTIVE OFFICER ISSUES

    $239,500 IN COMPLAINTS FOR DAIRY REPORTING VIOLATIONS

    ...
  • IMF chief Dominique Strauss-Kahn arrested over the weekend on attempted rape

    IMF chief Dominique Strauss-Kahn arrested over the weekend on attempted rape charges has led to additional turmoil in European financial markets. One mans indiscretions should have little affect on money markets yet the IMF chief was set to meet the Germ...
  • May 13th, 2011. 8:39 am cst

    Whether buyers are spooked from yesterdays surprise jump in Class 3 futures or its just the Friday the 13th jitters, trading has been nonexistent overnight across the Dairy pits.  When I say non-existent, I don't mean a couple dozen trades across the ...
  • The 27+ million pounds of butter found in weekly CME inventories yesterday def. took the cake

    The 27+ million pounds of butter found in weekly CME inventories yesterday definitely took the cake on reasons to feel pessimistic about short term future of the dairy market. The psychological affect on buyers was seen throughout the session as milk fut...
  • California Weighted Average Powder (CWAP)

    California Weighted Average Powder (CWAP) price for week ending May 6th averaged $1.5463 per lb on 13,807,532 pounds, up 2.44 cents from the previous week.  The most recent average is 48.46 cents above the same week last year and 73.58 cents abov...
  • Quarterly net income for Deans foods was 25.3 million (not 23.5 million)

    Quarterly net income for Deans foods was 25.3 million (not $23.5 million) I had it right yesterday :) The point I was making remains unchanged. As many as 10,048 July Corn contracts were offered limit down pre open. Sorry about the extra 0 in there. ...
  • Extreme weather continues to make headlines this spring.

    Extreme weather continues to make headlines this spring.  A record high temperature of 96 degrees was reached in Omaha yesterday, matching a 126 year old high.  Last Mondays low in Omaha was just 32 degrees.  A record high temperature of 99 deg...
  • Merced County Farm Bureau- Are you Heat-Illness Compliant?

    Merced County Farm Bureau May 9, 2011 In This Issue Are you Heat-Illness Compliant Action Alert: Comment to end Mexican Trucking Dispute May 17th Haz-Mat Endorsement Class Quick Links MCFB Website Find us on Facebook Re...
  • The fear of another round of speculative liquidation has alleviated over the weekend

    The fear of another round of speculative liquidation has alleviated over the weekend, yet the verdict is still out on whether or not the price slashing was simply a large retracement or an all out reversal. The commodity rout apparently knocked out $99 B...
  • Milk futures have been sheltered so far from the panic selling that has gripped most commodity markets

    Milk futures have been sheltered so far from the panic selling that has gripped most commodity markets.  The selling that shaved $20 off Crude Oil futures and cut some markets as much as 30% in weeks, has been tied to large institutional and tradition...
  • Commodity traders are liquidating positions sector wide this morning

    Commodity traders are liquidating positions sector wide this morning. Rice, Cotton and Silver are witnessing declines of 4 to 5% overnight. Copper, Crude and Gasoline futures are a close second, down 2 to 4%, while Sugar, Coffee and Soybeans are placing...
  • Economic Studies of BioFuels Paint Opposing Pictures in Gas Price Wars

    Economic Studies of Biofuels Paint Opposing Pictures in Gas Price Wars

    May 3<...

  • According to European banking giant Societe Generale

    According to European banking giant Societe Generale, "the end of QE2 on June 30th could well herald the end of the commodities bull market." They went further to state, "if emerging market economies slow and abundant liquidity dries up after QE2, defl...
  • Trading event 43 was held on Tuesday 3 May 2011

    Trading Event 43 was held on Tuesday 3 May 2011
  • The flight out of futures contracts has been attributed to profit taking across the board

    Commodity bulls not only failed to finish what they started yesterday, but are once again under the gun in early trade. Drastic price reversals were witnessed sector wide yet no more clearly than in the precious metals market.  June Gold, trading up a...
  • Al-Qaida figurehead Osama Bin Laden was reportedly killed

    Al-Qaida figurehead Osama Bin laden was reportedly killed yesterday in Abbottabad Pakistan by an elite team of US Navy Seals and CIA paramilitary forces. Pakistani officials and a witness said four helicopters carrying US forces swooped in, taking fire f...
  • Growers Looking Out for Growers