Treasuries Test Resistance Overnight
Bonds and 10-Year Test Daily Boundary During the overnight hours Bond and Ten-year futures came within a tick or two or tested my upside daily boundary levels. USH topped out at 153-31, just shy of my 154-03 level, while TYH peaked at 125-10+ compared to 125-08/10....Morning Thoughts – Jan 12
Grains – Export sales are out this morning before the more important USDA reports later in the afternoon. Here are expectations: Corn 450-900 Soybeans 400-800 Soymeal 40-160 Soyoil 5-30 Wheat 150-300 As you can see, expectations are down from what we’ve been...Steven Orfanos on Bonds and Notes
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Morning Thoughts – Jan 11
Grains – Today we’ll focus mainly on the Quarterly Grain stocks portion of Thursday’s USDA reports. I always hesitate to cover expectations for stocks figures as they are notoriously unpredictable and it always provides a good opportunity to look foolish. For...
