Sugar “Supply and Demand Interrupted By Ike”

 

 

Hurricanes this year lining up in the Atlantic may hurt production for the 2008/09 season. Jamaica already feeling the interruption from Gustav, Gulf coast feels Gustav as well. Ike being a category 4 already may now hinder Florida and gulf coast again.

Fundamental Analysis

     A little bearish news first, sugar beet farmers in the Red River Valley, ND have seen record rainfall recently. Harvest begins this week for only about 10% of the acreage in order to prime the factories for American Crystal Sugar Company.

     American Crystal is expecting 420,000 acres of beets with an average of 23.5 tons per acre versus the long-term average of 20 tons per acre and the record of 25 tons per acre in 2006. The recent record rainfall will enhance the potential for increased tonnage when the full harvest starts on October 1.

     Even with a 80,000 acre shortfall from last year, American Crystal will still be at maximum capacity. They can only handle between 10 and 11 million tons in its 5 factories, and still finish their campaign before the summer of 2009. Last year they sold beets to another processor and the year before they left 8% in the field due to it being to much.

  Indonesian Agriculture Minister

      Indonesian Agriculture Minister, Anton Apriyantono admitted to an error in the refined sugar inventory. Anton admitted that there was an oversupply of refined sugar in the country due to sugar consumption miscalculations. Instead of a shortfall of 200,000 tons they have a glut of 400,000 tons.

     Now for the bullish news, hurricane Gustav devastates some Jamaican sugar cane fields. The industry is likely to lose $4.2 million in the next crop year. The 2008 production was already under estimates and now with Gustav damaging 2009 will even be weaker.

     Czarnikow, a sugar merchant, sees tighter global 2008/09 sugar supply. Czarnikow forecast global sugar output would fall by 8 million tons to 164.1 million in 2008/09. Largely due to a drop in India production. Underlining stronger demand, the merchant projected global sugar consumption would rise to 166.4 in 2009 from 161.6 in 2008 and 155.2 in 2007.

      Hurricanes can have a huge impact on the domestic sugar market. With Florida’s 2007 season below 2006 by 63,000 tons. If a major hurricane impacts the South Florida area, the 2008/09 season will fall short of the recent estimates.

     Once again, the emerging markets are play a large role in consumption. For example Ethiopia used to use honey to sweeten there coffee, and they are now using sugar. If this continues, the 9.4 million surplus will be diminished considerably. The forecasted shortfall for sugar now stands at 3.3 million, but the fundamentals may prove differently.

     Of course we can not forget the ethanol tie in with sugar. If major hurricanes continue to line up and threaten the Gulf States, crude will eventually rise to record levels again. Which will increase the sugar prices. I for one, believe sugar consumption will be the driving force for the next year or so.

 

Technical Analysis 

     The March 2009 has formed an ascending triangle. Volume has stayed steady since July. The past few days we have seen increased volume. Sugar is testing the trend line from June and July lows. If we break this trend line sugar will see the major trend line starting back from August of 2007. The 200 day moving average is at the 1355 level which would show the next support. Resistance is at the 1550 level after testing three previous times. It will take a lot of momentum to break but with the higher volume we should see a break before March 09.

 

Trade Recommendation

     Bull call spread for the downside protection. Buy the March 09 1600 call and sell the March 09 2000 call for 60 points or $672.00.

      Buy the straight call option, no downside protection. Recommend buy the March 09 1800 call for 55 points or $616.00

     Selling options is another recommendation please contact me to discuss recommendation.

 

Past performance is not necessarily indicative of future trading results. Trading advice is based on information taken from trade and statistical services and other sources which Transworld Futures believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder.Futures trading involves substantial risk of loss and may not be suitable for all investors.

To contact Jimmy Tintle email is jimmy@transworldfutures.com or reach him by phone at 1-877-843-4519. Transworld Futures offers a wide variety of trading tools, webinars, and simulated trading. We also various types of accounts from deep discount online trading to managed futures, and FOREX accounts.

Frozen OJ ” Is Weather The Only Factor ?”

Frozen OJ ” Is Weather The Only Factor ?”

Tropical storm “FAY” may not be the only factor driving this OJ market in the near future. Farmers sure had a decision to make on whether or not to keep there groves this year. With surplus going into this year and a good harvest did not help. Fuel costs, fertilizer costs, immigration issues and pesticide costs all on the rise sure hinders the pockets of the farmers.

 

Fundamental Analysis

     With hurricane season in full bloom and a few storms brewing in the past week the bulls are coming out of the wood works. Tropical storm Fay sure put the groves underwater this past week, with 30 inches of rain in certain spots and the Indian River area getting drenched also. The total damage from the excess water will probably take weeks to examine. Not only the rain but the wind-blown canker is another issue the farmers are dealing with.

     Citrus greening, also called huanglongbing or yellow dragon disease sure has an impact on the citrus market.Citrus greening carried by the Asian Citrus Psyllid scared the citrus farmers in California in July. They found the Asian citrus psyllid in and around the San Diego area. The reports also state the little pests that were caught did not show them carrying the disease. So far so good for the California growers.

     Farmers are stating that the Asian Citrus Psyllid has hurt China, Brazil, and Florida. They also report that the little bug may do more damage than the Mediterranean Fruit Fly due to the fact that it hurts the whole grove and not just the fruits.

     The increase in operating costs are affecting the farmers just as well as the over supply. The increase in fuel, fertilizer, pesticide and the weaker US dollar are all factors in whether the groves are going to be profitable or not. Immigration issue is another factor especially with only a few handfuls of farms use mechanical ways of harvesting the fruit.

     The 2007 – 2008 season saw a 32% increase in production form the 2006- 2007 season. Dreyfus estimates a 8% drop in production this year to 156 million compared to the 169.7 million for 2007 -2008 season. An independent analyst expects a 12% fall to 150 million boxes for the harvest that starts in October. October is also the month of the next major Orange juice report.

Technical Analysis

     The monthly has tested the breakout from October of 2005 at 1.00, should see a bounce back to the 50% retracement which would put OJ at 152.00 and also the highs from January 2008. The daily chart is starting to show an uptrend into the 120 – 140.00 level. 120-140.00 level is the range since March. Volume and Open Interests are both on the rise since late July. 10 day RSI is above 50 mark after reaching extreme lows last month.

      Trade recommendation for OJ is buying the straight  call option on the March 2009 contract. By doing this you not only including the high volatility for hurricane season but also the freeze season for Florida. March 2009 options expire on 02/20/09 and have 177 days left. Buy the March 09 150.00 calls for 6.50 or $975.00. This strategy has unlimited profit potential and a maximum loss of the price paid for the option plus commissions and fees.

Past performance is not necessarily indicative of future trading results. Trading advice is based on information taken from trade and statistical services and other sources which Transworld Futures believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder.Futures trading involves substantial risk of loss and may not be suitable for all investors.

To contact Jimmy Tintle email is jimmy@transworldfutures.com or reach him by phone at 1-877-843-4519. Transworld Futures offers a wide variety of trading tools, webinars, and simulated trading. We also various types of accounts from deep discount online trading to managed futures, and FOREX accounts
If you have any additional questions feel free to email, or to call us at 877-843-4519.

Natural Gas “Anticipation Of Colder Winter Drives Demand”

NATURAL GAS

Anticipation of colder winter months fastly approaching may drive natural gas prices up. Last week, natural gas only gained 1.0% of storage over the 5 year average. August through October usually largest increase months for Natural Gas.

 

Fundamental Analysis

     The fundamentals for natural gas can and will be a little tricky these days. Natural gas only gaining 1.0% over  a five year average for storage. Consumer and commercial consumption averages on the increase  and industrial usage down. How much natural gas are we going to use is the question.

     The experts are looking at this late hurricane season setting up like 2004-2005 seasons. if this happens you can expect disruptions in crude within the next few months. Natural gas may piggy back off of the increase in crude oil. Any geopolitical issues involving Russia and Iran may also boost the energy sector.

     With temperatures reaching the 40’s in the upper Midwest will sure get the bulls looking at the natural gas charts. Seasonal adjustments for natural gas usually start in August but with the correction in crude and the USD it sure had to follow suit. Out of the past 17 years natural gas has been stronger 13 years and weaker only 4 years.

Technical Analysis

     We should see natural gas touch or come close to touching the lows from last September at 8.273. December natural gas is trading at 8.600. I am looking for a dip back to those September lows and then a reversal to a minimum 50% retracement of the July/August drop. Which would land natural gas around the 10.000 mark. This also the area where the 50 day moving average is. Natural Gas may even reach the 100 day or the 200 day moving averages.

     Looking for bull call spread to cover our downside risk on trading this highly volatile market. I am also looking at trading the December contract for the next 88 days. The December options expire on November 21,2008. Looking to buy the December Natural Gas 1080 call and sell the  December Natural Gas 1170 call for 100 or $1000.00. If filled at this price would give you a 1 to 7 risk to reward ratio. Total loss would be $1,000.00 and the total profit would be $6,000.00. These figures do not include commissions and fees.

 

Past performance is not necessarily indicative of future trading results. Trading advice is based on information taken from trade and statistical services and other sources which Transworld Futures believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder.Futures trading involves substantial risk of loss and may not be suitable for all investors.

To contact Jimmy Tintle email is jimmy@transworldfutures.com or reach him by phone at 1-877-843-4519. Transworld Futures offers a wide variety of trading tools, webinars, and simulated trading. We also various types of accounts from deep discount online trading to managed futures, and FOREX accounts.

Cocoa “Bullish Factors Going Into Harvest”

Fundamental Analysis

      With a combination of sun and rain in July but wet and cold in August raised fears the Black Pod disease has become more wide spread. Also among the fears is the pesticide shortage with only around 30% of the farmers needs for pesticide fulfilled in and around Daloa.

     The crop may reach record size but the quality of the beans may not be as good. The farmers really have no choice but to use the poor quality beans. This will definitely move the prices with more poor quality beans in the harvest.

      Emerging markets with more money, we should expect to see them consume more chocolate. Fortis Bank has also raised there expected shortfall to 29,000 tones from 6,000 in June. Due to the extra demand. This would be the third straight year of demand outweighing supply.

     Ivory Coast has doubled its port registration tax on cocoa and coffee exports to 10 percent of the cost, insurance and freight (CIF) price to help cope with rising fuel prices, a presidency statement said on August 9, 2008. The port registration tax is one of a range of levies imposed on cocoa and coffee exports.

     Seasonally, September and October are months of weakness for cocoa but with the mid crop ending and the outlook for the main crop unpredictable. Cocoa should if anything trend sideways or slightly lower before the turn around in November.

     Now lastly, we have seen a large run up in the USD and a small drop in cocoa prices, we see a correction in the USD we should see another jump in Cocoa prices.

Technical Analysis

      March 09 contract  just closed above the 100 day, 50 day and 39 day moving averages after coming close to tapping the 200 day moving average. 10 day RSI just broke above the 50 mark two days ago and stochastics are looking to the upside. Should probably see a retracement of yesterdays run up, today or in the beginning of the week.

Trade Recommendation

     The trade recommendation for Cocoa is a Bull Call Spread or a straight call. I am looking for the bull call spread more than anything just in case we get a good correction in September/October. If that happens we can look at buying the call we sold back for a profit and hold onto the one we purchased.

     Buy the March 09 Cocoa 3000 call and sell the March 09 Cocoa 3300 call for 90 or $900.00. Or buy the straight March 09 cocoa 3600 call for 100 or $1000.00. Straight call option has unlimited profit potential and the bull call spread has a profit potential of $2100.00 minus commissions and fees. It is a low risk to reward ratio at only 3.3 to 1.

Past performance is not necessarily indicative of future trading results. Trading advice is based on information taken from trade and statistical services and other sources which Transworld Futures believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder.Futures trading involves substantial risk of loss and may not be suitable for all investors.

To contact Jimmy Tintle email is jimmy@transworldfutures.com or reach him by phone at 1-877-843-4519. Transworld Futures offers a wide variety of trading tools, webinars, and simulated trading. We also various types of accounts from deep discount online trading to managed futures, and FOREX accounts.

Wheat ” Is Promising Harvest Enough For Middle East Drought”

Lets start on the fundamental side of things. Canada, US and Australia are key players in the price of wheat in the upcoming months.

Australia had the driest month of May on record. Also according to the Australian Bureau of Meteorology most of the country received below average or very much below average rainfall March 1 through May 31. Those are key months for Australia due to those are sowing months for wheat.

In the Eyre Peninsula, west of Adelaide the South Australian capital, some Farmers skipped winter wheat plantings due to the rising costs of seed, fertilizer, and weed killer. (approx. $60.00 / acre not including wages) Also on mere projection on rainfall or lack there of.

If all goes well, we could see next to normal wheat harvest at 23.7 million tons verses 13 million tons in 2007.

Drought in Iraq slashed domestic wheat crop, forcing Iraq to import more than the usual 3 million tons per year. Pakistan is also suffering from wheat and flour crisis. Pakistan is planning on importing 2.5 million tons of wheat this year. As it has failed to production targets.

Even with Canada’s wheat plantings up 8% to 16.4 million acres and the USDA estimate for 2008-2009 ending stocks at 487-537 million bushels. Will it be able to keep up with the drought in the Middle East. Australia’s rainfall maybe the key to wheat prices in the upcoming months.

Technically speaking we are looking at December 08 wheat futures at support at 800.0 – 820.0 for the past couple days. We may have a break through down to the 770.0 level. Anything below 750.0 would be the continuance of the bear market in wheat.

Ten day RSI is at 36.91 and stochastics are in the over sold area. Open interest has been staying around the 98,000 level since the last down trend with volume picking up. If we can get back up above the 200 day moving average we should see a test to the 1000.0.

Wheat, since 1969 has been up 33 out of the past 39 years. (past performance is not indicative of future results.)

Trade recommendation is to purchase a bull call spread. Buying the December 08 Wheat 900 Call and selling the December 08 Wheat 1000 Call at 18.4 or $925.00. Exit strategy if market goes against you would be to liquidate position if the underlying futures contract closes below 768.0 or if the spread losses 33% of its value. Exit strategy to the profit side would be to liquidate half of your positions at next level of resistance. Which is 940.0.

Second trade recommendation would be Buy December 08 Wheat futures contract at 820.0 or lower and purchase a 820 put option for 67 or $3,350.00 . The in the money put option is about half the margin required for the futures contract. Use same exit strategies.

Past performance is not necessarily indicative of future trading results. Trading advice is based on information taken from trade and statistical services and other sources which Transworld Futures believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder.Futures trading involves substantial risk of loss and may not be suitable for all investors.

To contact Jimmy Tintle email is jimmy@transworldfutures.com or reach him by phone at 1-877-843-4519. Transworld Futures offers a wide variety of trading tools, webinars, and simulated trading. We also various types of accounts from deep discount online trading to managed futures, and FOREX accounts.

Market Recap 1-25-08 Rouge Trader Excites Markets All Over World

     This rouge trader from the Société Générale named Jérôme Kerviel was the market mover for the week. As the US markets were closed on Monday the futures brokers all over the world were in a major panic. Wednesday morning we all find out that one man once again can collapse a market with one fell swoop of fraudulent trading. The US Federal Reserve states that they did not know anything about the rouge trader before the Tuesday morning interest rate cut. Is it hard to believe that with all the political economics all over the world that the US did not know when the Société Générale knew and was trying to get out the positions with out moving markets. Or was the US just covering for the Société Générale. All right that is enough on the political thinking. Let’s see how the markets reacted to this drop on Monday and Tuesday. Well the DOW did a 600 point turn around, Gold went from $855.00 all the way back over $900.00 & the USD went from the .7700 mark all the way back down to under 7600. It would be pretty amazing if all futures brokers had there clients in on the right side of those moves. This next week will be the one to watch to see if the US Federal Reserve cuts rates another 50 basis points on Wednesday.

     The meat spreads from my previous blog. If you were in you should be looking to liquidate positions going into February. Even though we were looking for a slower world economy the food and energy sides should stay strong for another few years. February break for the grains do not look like they will last long enough to really work this year. My end of the month outlook will explain more into the grains and meats than this week.

     Sugar, is it still on its way to .1400. If you look at the mid summer to late year movements of sugar there is very little. Speculators are all over the sugar now with volatility going from a .0020 swing to .0070. That is a 300% increase in volatility. Looks like we may be forming a solid trend going into the end of January but only if it can hold a few days of solid gains. How the markets move and change make outlooks on the markets a bunch of nonsense if you don’t change with them. Remember,Past performance is not indicative of future results. Trading futures and options is not suitable for everyone. There is a substantial risk of loss in trading commodity futures, options and off exchange forex.

Market Recap 1-18-08

Where do we start this week? Well, let’s take the “Sleeping Giant” SUGAR, after my post for the mid week on wednesday sugar took off all the way past the .1200 to .1303 it settled at .1245 and then all the way back down to .1117 today. Going into the close of the pit it is trading in the mid eleven cent range. Is it still a good buy here? with the world economy going through a slight turbulence the supply and demand for all commodities may change. I still believe that sugar may reach the 50% retracement at .1359 but we would have to sustain here at .1150 area.
Now for the talk all over the world. S&P 500. What a wild ride for a Tuesday. All futures brokers were in for it this morning. The only ones with smiles on there faces were the ones if they were short. Let’s face it, a 75 basis point cut in the interest rates and the president coming out with a 145 billion dollar stimulus plan still cannot sustain a large move to the upside. Granted were are trading in 1311 area this afternoon but it won’t take much to take out the lows again. Can we all say “Global Panic”. Once one touches the down side then they all come aboard. The big guys are looking for Federal Reserve and governmental bail out still. It should be an interesting week for the S&P 500. Check out my previous post for where it should go using Fibonacci Retracements and support and resistence techniques.
For the grains “Beans in the Teens” was short lived for now still trading at $12.50 level but this world panic epidemic might drive prices down. Corn at $5.00 was short lived also trading just below the $5.00 mark at $4.97 but seems to be the strongest of the grains right now. Let,s see how the grains pan out for the next couple days and I will have an overall look at those markets.
Gold, Gold, Gold. Went back a nd touched that $850.00 level in the overnight now back up to $900.00. Let’s see how the fund managers handle this episode with the S&P 500. Are they going to flee and drive up gold one more time? If we hold this $895.00 level and get a close above $900.00 by the end of the week we may see a run to $950.00 again. As stated in the earlier posts.
Hope everybody had a good three day week-end and look for a mid week recap again. Remember,past performance is not indicative of future results. Trading futures and options is not suitable for everyone. There is a substantial risk of loss in trading futures and options.

Mid-Week Market Recap “The Sleeping Giant”

Normally don’t blog for a mid-week recap but with all the markets moving “limit up” and “limit down” all in the same week is just amazing. Futures brokers all over, probably are grabbing onto their hats for a wild grain train ride. Just to recap my previous post, we saw corn “limit up” on Monday, which took it to that $5.00 level. Then the past two days we saw it test $5.00 yesterday and break through this morning touch $4.96 and now back above. Tomorrow will be the key day to either confirm a reversal or it just a break with a good buying tail. ” Beans In The Teens” saw it on Monday, then on Tuesday with a close in the teens. Wednesday we open up and “limit down” now bouncing around that $12.75 level in the afternoon. In order for the reversal in beans there are a few key factors, 1.) Rain, Rain, Rain in South America, 2.) Hedge funds to stop buying and then lastly any close below the $12.50 would pretty much confirm a top has been posted.. If you follow the Elliot wave method you are looking at wave #4 to wave getting ready to start. 25% Fibonacci Retracement will bring us back to $12.18 which there is also a gap on the chart right there also. Most of the time the markets will come back and fill the gaps, but might want to wait till the top is confirmed and it rains in South America.
  Gold futures brokers are having a fun time with these hedge funds, looks like the fund managers either went over margin and the exchange is going to raise again or they just figure they can take profits here. My theory on this is a little of both, to many fund managers trying to make sure they make enough to cover their losses in the markets last week. After two days of gold hitting the $915-$916 area with no good bullish news coming out they figured taking profits are a good thing these days. If we can not hold the $890.00 level we might be looking at a 50% retracement to $850.00 before looking $900.00 again. The big guys came out and said that gold will average the $915.00/ounce this year. If that holds true and the volatility is the same as 2007 we may look at a range from $800 to $1,000.00.
  S&P 500 may be looking for that 3 yr bear trend to a 62% retracement to 1110. It will have a few key stops on the way, first stop if we close below 1370 on a monthly chart will be 1276. Not much consolidation on that way down, but once we hit there we will be on slow boat down to the 50% level at 1192. If we cannot get enough support at that level we will be looking at the 62% retracement at 1110. If history repeats itself we had a 10yr bull market to 2000 and then a three year bear market to 2003. Now we are just finishing a very good five year run to 2008, now another three year bear, if not less. May only reach that 38% or 50% retracement before the turn around. All this is just nonsense if we don’t break that first stop at 1370.
  My following for the week will be the sleeping giant. ” SUGAR ” All other markets for the year of 2007 have been quite noisy in there movements. The last month of 2007 was just the awakening of sugar. This is where we will probably see sugar running to new levels do to the up and coming Brazilian Real. Also, it being tied into the ethanol. Crude reached new highs and sugar was quiet, crude holding or maybe even slipping a little and sugar will be free to run to that 50% retracement level of 1359. Futures brokers and futures speculators are going to have fun this up coming year. This is the end of the Mid – Week Recap but remember,Past performance is not indicative of future results. Trading futures and options is not suitable for everyone. There is a substantial risk of loss in trading futures, FOREX and options.

Futures Trading Market Overview “Corn, Soybeans & Gold”

     Futures brokers and futures speculators may be in for a wild ride this new year if this week is any indication of the year. Friday was a wild ride in the grains, we had corn “limit up” from open at the CBOT and soybeans were touching with limits shortly after. Wheat had the most bearish news of them all in the USDA Grain Report on Friday, it was a “limit up” for most of the late day trading. Corn was the most solid never moving off limit all day. It finished the day at $4.95 a bushel coming real close to that $5.00 mark. If corn does another “limit up” move on Monday it looks like we may even see a much larger increase going into the spring, until the final acreage as been assumed. If not will probably consolidate somewhere in the $4.75 to $5.10 range until South America comes in to secure numbers. Soybeans and soybean complexes are all in a strong Bull Market. “Beans In The Teens” from my previous post was there for a short time on Friday will have to see if the follow through comes on Monday. The soybean oil sure is being pushed not only by the soybeans itself but with crude still trading above $90.00 keeps it strong. Soybean meal is looking like it may want to start taking the lead again in that complex.

     Now for Gold Futures Brokers and Gold speculators with all the “Credit Crunch” still going on, and the investors still fleeing that stock market we may see $950.00/ounce by bulls end. Spot gold at a high of $895.80 and front month futures (February) at an alarming $900.10, if we get a close above the magical number $900.00 it will be the train to $950.00. Most personal investors are still seeking gold for their portfolios. Futures brokers should be answering phones like mad in the upcoming months as personal investors seek other avenues, other than holding the actual gold itself. If no close above $900.00 and the indexes start to rebound of their 2008 yearly lows we may see it testing that $850.00-$800.00/ounce mark again in the near future. Like anything else, “what goes up must come down” in order to go back up again.

      The markets to be watching this “February Break” will more than likely be the meats. Another words the “seasonal trading” of Cattle and Hogs. Out of the past years it has been sell cattle and buy the hogs. This year may hold true again but with the over supply of front month hogs you might want to look at April or June. That is the end of my weekly recap, and remember

Past performance is not indicative of future results. Trading futures and options is not suitable for everyone. There is a substantial risk of loss in trading futures and options

Record Highs!! Record Lows!! 2008

Is this going to be the year of records? We have already seen crude and gold hitting records, the British pound is on its way for lows and the US dollar is bouncing off of its record lows from 2007. The grain market is searching for “Beans in the Teens” and corn on the way to $5.00. Is the February break the end of the soybean complex massive bull run. If your money is not geting the returns in the stock markets, the futures and commodities maybe the place for a good return in 2008. Banks are hiring futures brokers at an alarming rate, due to the increase in the commodity prices.  Just remember,  Trading futures and options is not suitable for everyone. There is a substantial risk of loss in trading futures and options.