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2012-05-10 -
Morning Marketing Comment W/USDA Report Recap
2012-05-07 -
Morning Marketing Comment
2012-05-03 -
Morning Marketing Comment
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How can I add commodity investments to my portfolio while receiving professional assistance from someone who truly cares about my financial future?
Welcome to Pinnacle Commodity Group L.L.C., a firm that strives to bring you commodity investments designed for your risk tolerance and investment goals.
As a full service brokerage firm that is tailored to fit all experience level of investors, PCG offers a multitude of investment services appropriate for the individual trader, producers and capital management for businesses.
Latest Market Commentary
May 10th, 2012
Current Market News:
USDA Crop Report Details:
•USDA May Corn 11/12 Carryout @ .851 bln bu vs. estimates of .760 bln bu.
•USDA May Corn 12/13 Carryout @ 1.881 bln bu vs. estimates of 1.70 bln bu.
•USDA May Soybean 11/12 Carryout @ .210 bln bu vs. estimates of .220 bln bu.
•USDA May Soybean 12/13 Carryout @ .145 bln bu vs. estimates of .170 bln bu.
•WASDE May World Corn 11/12 Carryout @ 127.6 mmt vs. estimates of 122.5 mmt.
•WASDE May World Corn 12/13 Carryout Forecast @ 152.34 mmt.
•WASDE May World Soybean 11/12 Carryout @ 53.2 mmt vs. estimates of 55.4 mmt.
•WASDE May World Soybean 12/13 Carryout Forecast @ 58.07 mmt.
Corn: PCG's Recommended Marketing Percentages:
- Old Crop Corn: 90% sold or marketed via long straight July 12’ corn put options when July 12’ corn futures achieve $6.50 (sales target) or better.
- New Crop Corn: 65% sold or marketed via sales at the elevator (either cash or HTA contract depending on the elevator). Current sales target derived off the December 12’ corn futures contract. (Sales target) $5.75 or better.
- 2013 Corn: 25% sold or marketed via sales at the elevator (HTA contract). Current sales target derived off the December 13’ corn futures contract. (Sales target) $5.75 or better.
Soybeans: PCG's Recommended Marketing Percentages:
- Old Crop Soybeans: 100% sold or marketed via cash sales at the elevator. Current sales target derived off the July 12’ soybean futures contract. Sales target $15.00 or better.
- New Crop Soybeans: 85% sold via the elevator. Current sales target derived off the November 12’ soybean futures contract. Sales target $14.00 or better.
Livestock: PCG's Recommended Marketing Percentages:
- Live Cattle: 90% sold or marketed via the packer and or a combination of put options/sold futures via your own account in your preferred month. Would NOT recommend “a lot” of margin risk.
- Feeder Cattle: 85% marketed via downside protection in put option ownership or sold futures in your preferred month. Near all time highs, too much downside risk in our opinion!
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Commodity Quotes
Grains
| Commodity Name | Last | Change | | Corn May 12 | 608.00 | -17.50 | | Corn Jul 12 | 635.00 | +10.00 | | Corn Dec 12 | 535.00 | +6.75 | | Oats May 12 | 332.00 | -1.25 | | Oats Jul 12 | 341.00 | +2.50 | | Wheat May 12 | 592.75 | -2.00 | | Wheat Jul 12 | 694.50 | +36.75 | | Soybeans May 12 | 1404.00 | -48.25 | | Soybeans Jul 12 | 1405.00 | -33.00 | | Soybeans Nov 12 | 1289.50 | -17.00 | | Soybean Meal May | 411.00 | -12.90 | | Soybean Oil May 1 | 51.90 | -1.25 |
Livestock
| Commodity Name | Last | Change | | Feeder Cattle Apr | 148.85 | +0.45 | | Feeder Cattle May | 151.30 | +0.675 | | Feeder Cattle Aug | 160.70 | +0.775 | | Live Cattle Jun 1 | 119.30 | +1.375 | | Live Cattle Aug 1 | 121.90 | +1.85 | | Live Cattle Oct 1 | 126.30 | +1.35 | | Lean Hogs May 12 | 79.35 | -0.175 | | Lean Hogs Jun 12 | 87.20 | -0.225 | | Lean Hogs Jul 12 | 88.15 | -0.60 |
Energy
| Commodity Name | Last | Change | | Crude Oil May 12 | 103.05 | +0.78 | | Heating Oil May 1 | 3.1815 | -0.0019 | | Natural Gas May 1 | 2.00 | -0.068 | | RBOB Gasoline May | 3.1805 | -0.0039 |
Metals
| Commodity Name | Last | Change | | Copper May 12 | 3.452 | -0.0275 | | Gold 100 oz. May | 1583.60 | -11.50 | | Gold May 12 | 1590.80 | +16.30 | | Palladium May 12 | 658.80 | +53.30 | | Platinum May 12 | 1519.00 | +67.80 | | Silver 5000 oz. M | 29.80 | +1.794 | | Silver May 12 | 28.615 | +0.619 |
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