Chicago grains edge higher on long-term bad weather forecasts

Chicago grains finished higher Wednesday as investors expected that the Hotr and Dry weather in the longer term would threatened crop yield, + the supportive outside markets also added to the positive tone.

The most active Corn contract for Dec. delivery settled unchanged at 6.885 per bushel.

Sept. Wheat gained 13.25c, or 2%, to 6.85 per bushel.

November Soybean gained 1.75c, or 0.1%, to 13.015 per bushel.

Market analysts reported that although the Midwest’s good weather would extended into next week, hotter and drier weather is expected in a longer term, which is likely to threaten the production of Corn and Soybeans. Meanwhile, a rise in other commodity markets such as the Gold and Energy markets helped to support the grains.

Statistics showed that US Ethanol production for the week ending August 5 reached 908,000 BPD on average, rising 3.42% from last week and up 4.85% a year earlier. Approximate 33% of U.S. Corn is used in the production Ethanol.

The rise in Corn and Soybean prices were limited by concerns over the escalating debt problems in the US and EU, as well as the upcoming Key reports on grain stock and demands Thursday.

Wheat also gained support, as traders expected lower yields for Spring Wheat production in the US and the possibility of reduced planted area in North and South Dakota, Minnesota and Montana.

Paul A. Ebeling, Jnr.

Paul A. Ebeling, Jnr. writes and publishes The Red Roadmaster’s Technical Report on the US Major Market Indices, a weekly, highly-regarded financial market letter, read by opinion makers, business leaders and organizations around the world.

Paul A. Ebeling, Jnr has studied the global financial and stock markets since 1984, following a successful business career that included investment banking, and market and business analysis. He is a specialist in equities/commodities, and an accomplished chart reader who advises technicians with regard to Major Indices Resistance/Support Levels.

www.livetradingnews.com

For More Information Contact

Petchada Kingwattanakul

Business Development Director

Heffernan Capital Management

Info@Heffcap.com

Find out more about HCM Managed Funds

Suite 53 Athenee Tower 63 Wireless Road, Lumpini, Pathumwan, Bangkok 10330 THAILAND

Tel: +66 2 126 8045

Fax: +66 2 126 8080

Mobile: +66 8 5997 0635

Email : info@heffcap.com

New York

347 5th Avenue, Suite 1402-508 NY, NY 10016

Tel: +1 646-403-9881

Fax: +1 646-403-8014

Singapore

3 Raffles Place #07-01 Bharat Building Singapore 048617

Tel: +65 6329 6408

Fax: +65 6329 9699

Info@Heffcap.com

Get the Updates Daily

Enter your email address:

Delivered by FeedBurner

Start Trading Equities, ETF’s, a full range of Commodities, Index Futures, Foreign Exchange, Interest Rates and More.

Managed Trading Account with Integrity and Stability

Eliminate concerns about Stock Market Downturn, Real Estate Downturn, Bernie Madoff’s, Current Events and Diversify at the Same Time;

THE BEST OVERALL MANAGED ACCOUNT SOLUTION, FIND OUT WHY, CONTACT US TODAY

Now is the time to get professional portfolio management services with HCM, specifically through trading in the CFD and Futures Markets. Reap the benefits of proper international diversification and positioning in the global market place, with a high degree of customer service. Our Managed Account Program accommodates those investors who wish to allocate a portion of their risk capital to the foreign exchange markets.

Find out why we are at the top, select the right investment for inclusion in your portfolio,to receive information and or get started Click Here

Lower the Exposure of Your Portfolio to the Risks of the Global Marketplace.

Did you know? Major banks around the globe are weighing heavier on relatively shorter term currency trading speculation than the traditional lending-borrowing business. Profits can be made on a falling currency price (by selling short) just as easily as buying a rising currency, in addition, derivatives and CFD trading allows profits to be compounded monthly. Let us put the world’s most liquid, but least understood market, in your financial arsenal.

Global Portfolio and World Events

Do you have your portfolio directly linked to the economy?
• Equities
• Interest Rates
• Real-Estate

Which investment benefits are You lacking?
• Recession Proof
• Inflation
• Proof Fully Managed
Select the right investment for inclusion in your portfolio,to receive information and or get started Click Here

Managed Forex Account

You have a choice. There is No need to own “Companies” .There is No need to own illiquid Company stock, funds or Real Estate”. Do you have your portfolio directly linked to the economy? Or Worse just the Stock Market or Real Estate? Get a Liquid, Transparent/Separately Managed Liquid,Alternative Investment Account in Your Name , where money management, along with capital preservation and liquidity are most important

Features:
• Professionally supervised by traders ; 20 years experience
• Risk/Money management (very important to us)
• Trades only occur with the most liquid currencies in the spot market
• High degree of liquidity
• Excellent Risk-to-Reward ratio
• Profits possible regardless of direction of the dollar versus other currencies
• Portfolio diversification that cannot be achieved with stocks, bonds, mutual funds, or ADRs

Benefits:
• No one can withdraw funds other than the client
• The clients send their money direct to the bank
• The trader only has a “Limited Power of Attorney”
• The investor’s funds are in the client’s OWN NAME.
• The investor’s funds held by bank .
• Clients have direct access to his account. 24 hours a day anywhere Internet available

Our Goals For You:
• Capital Preservation
• Increase Your Income
• Help You Enjoy the Lifestyle You Want or Have
• Reduce your Financial Independence on other Individuals and Institutions
• Give you Greater Control and Liquidity
Select the right investment for inclusion in your portfolio,to receive information and or get started Click Here

Your use of any of the Websites or any of the Services (defined below) constitutes your agreement to be bound by and comply with the Website Terms and Conditions and your consent to the collection, use and disclosure of personal information as described in the Privacy Policy. If you do not so agree and consent, you are not authorized to visit or use our Websites or the Services.

Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment. You must also accept that opinions on stock markets change minute to minute, opinions expressed my change at any time without warning. Opinions maybe influenced by ad sales and other financial consideration. This site does not offer any assistance in making financial decisions.

Read the Terms of Service

Posted by Shayne Heffernan on Aug 11th, 2011and filed underAgriculture, Coffee, Commodities, Cotton, Currencies, Latest News, Palm Oil, Soybeans, Sugar, Wheat.You can follow any responses to this entry through theRSS 2.0You can leave a response by filling following comment form or trackback to this entry from your site