Recent content by Darin Newsom

Yes, market has had bearish fundamentals going back as far as 2006. This summer, occasional rallies sparked by spec short-covering leading to fast selloffs once those orders are exhausted. Nat gas not viewed as a key commodity when it comes to inflation like crude oil or gold. As for those two...

Good discussion on sugar. Yes, supplies cut due to weather in India and Brazil but biggest reason is other side of the market - noncommercial. Noncomm position in last week's CFCT report showed this group holding a net-long of about 200,000 contracts while total open interest is less than...

JPope - Great question. Bottom line is fundamentals far too bearish (as indicated by strenthening contango) and nat gas is not viewed as inflation hedge like crude oil - another market with bearish supply and demand (again, strong contango).

FYI - 5th wave appears to be beginning in soybeans. Best picture is on the continuous weekly or DTN National Soybean Index (NSI.X) weekly chart.

TraderTX Friday's numbers will indeed be interesting from a spread point of view. Curious to see how problems in old-crop stox numbers in beans are resolved. Q-X inverse/backwardation has weakened, but continues to indicate tighter stox than implied in June 30 report. X-F neutral at about 50%...

Youngtrader, that is an excellent question. We have to consider a couple of different things. 1) As you noted, July corn is in delivery though no contracts have been delivered. This can, and often does, lead to some peculiar behavior in the spreads. 2) Export SALES are strong. Last week's report...