Market Update - February 6, 2013

Posted on Feb 6, 2013
CBOT futures are lower across the board. Tuesday’s negative price action and failure to test chart resistance levels discourages buying as does the apparent improvement in rain prospects in the U.S. Plains and in areas of South America. A strong U.S. dollar is also a negative. Traders are looking ahead to Friday’s WASDE report.

Livestock futures are also down across the board except February Live Cattle. February is supported by Tuesday’s improved boxed beef values.

Corn Mar -6 723; JLy -6 716; Dec -10.5 579.5

Bean Mar -17 1478; Jly -18 1458; Nov -19 1329   Meal Mar -5 433; Oct -7 374   Oil -48 5250

Wheat Mar -6 751; Jly -6 762 KC -6 801; MGE -4 838

LC Feb +7 12767; Jun -45 12747; Oct -77 13232 FC Mar -77 14775; Apr -110 15092; Aug -100 15952 LH Feb -75 8757; Apr -100 8670; Jly -122 9537 Milk Feb +2 1714; Mar +9 1708

Oats +2 368 Rice unch 1615

US$ +.2% Dow -8 13972 SP unch 1511 NAS +1 3173 Tran -24 5860    VIX unch 13.72

WTI -.2% Brent +.1% Gas -.3% NG +1.6% HO -.1% Eth -.4%

Gold +.1% Slvr -.2%

5-yr -.027 0.849% 10yr -.029 1.987% 30yr -.028 3.200% 

MF Global customers to get most of their money back    Former customers of MF Global would recover most, and probably all, of their money under the latest projections by the trustee liquidating its bankrupt parent company.   In a court filing late last week, trustee Louis Freeh outlined an amended version of a plan for how to divvy up MF Global's assets and distribute them among various creditor classes.    Click Here for entire Reuters article.

Tagged Post Topics Include: Economics, Market updates