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Thursday, 24 April 19:54 (GMT -05:00)


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Stock and commodities markets

Corn Market Overview


Futures news, corn. Taking into consideration corn market, two crops, old and new, are to be taken into consideration. This summer the market of old crop will be tense, especially concerning demand. There are no signs of slowdown in ethanol use and export, and ending stocks of corn are predicted to amount to about 700 mln.bushes. Spot market will rise rapidly, or at least remain within flat.

The market of new crop is derivative from weather conditions in the USA, which currently seem almost ideal. The question is how far American and world demand for old crop may influence the situation with new crop.

Spot prices remain high and keep growing at certain points.
In addition, due to the recent drop of futures price the margin of ethanol producers is close to break-even point, and there are talks about additional demand from China. The latter may, though, be doubted of. Additional Chinese import depends on available import quotes, which, according to certain data, have been used up. Private buyers will now be obliged to get permission for additional import from Chinese government or content with current limited quotes, each of which will be difficult. In June the winter wheat will be harvested in China, and, consequently, the niche of additional demand for American corn will be closed.

However, US home consumption and export into traditionally set countries (especially into Mexico, which has faced strong drought) will be supported by June futures at 6.00 US dollars per bushel. ARC predicted the top of the price range – 6.80 US dollars per bushel, to remain unchanged.

On the other hand, as of April 15, 17% of corn was reported to have been harvested, which will enable US Ministry of Agriculture to raise the yield by 3-4 bushels per acre in its May report. Even taking into consideration the expected rise of ending stocks during the season of 12/13, this will be a bearish factor. According to ARC, in order to realize such rise of ending stocks, December futures of corn are supposed to cost 4.50 US dollars per bushel.
At the beginning of summer these tendencies will have harsh competition.

Anyway, weather remains the key factor. Actual yield will finally be defined, and it will define the size of new ending stocks of corn and their prices. Any unfavourable weather conditions may rapidly change the bearish tendency at the market.

Traders should be ready to high volatility.

 

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Euro rate on Forex is diminishing against Dollar in the second part of the day, as they remark in Optionova

On the European session on Wednesday, on the 23rd of April, 2014, Euro rate fortified to achieve the level of 1.3854, setting the most extreme of the current day. Nonetheless, in the second half of the day on the U.S. session, the single European cash tumbled to the mark of 1.3815.


Workers of financial and analytic department of Binary Options Broker Optionova have distinguished explanations behind the decrease of the Euro rate against the Dollar.
 

Publication date: 24 April 02:42 PM

Google Stock Down After Quarterly Report

 

Not so long ago, Google published another quarterly report. This time the figures for Q1 2014 turned out to be not as good as expected, thereby disappointing investors.  All in all, the was a year-over-year increase. Still, investors found something controversial about the figures, which ultimately resulted in a bearish move in the market of Google's stock.
 
Publication date: 17 April 01:07 PM

Will foreign countries buy Russian oil and gas for rubles or not?

In response to the sanctions of the West related to the annexation of the Crimea to the Russian Federation, Russian exporters want to refuse the U.S. dollar as the main means of payment with foreign buyers of oil and gas. However leading Russian energy players offer different approaches to this issue.
 

 

Publication date: 14 April 06:30 AM

Apple iWatch Rumors

 

More and more web sources join the growing army of those who spread rumors about Apple and its plans to introduce its own smart watch – iWatch. Apparently, these rumors heat up the interest in this long-awaited device.
Publication date: 10 April 06:35 AM

Google to Start YouTube for Children

 

YouTube, the world's most popular video hosting is about to get a «younger brother».
The thing is that Google, which owns YouTube, is about to introduce a YouTube version for children. In particular, the representatives of the world-famous tech giant say the new version of the popular hosting is made exclusively for children under 10 years old.
 
Publication date: 26 March 06:35 AM

iWatch Under Question

 

More and more web sources report that Apple is seriously working on a new portable device. It is said to be called iWatch. Until recently, there was no doubt that Apple would introduce its own smart watch.
Publication date: 26 March 06:35 AM

Apple to Introduce 12-Inch MacBook with Retina Display

 

Apple is reported to be currently working on a new Macbook. This time it is going to be a 12-inch Macbook with the Retina display. Another new feature is that this laptop is not going to have a cooler inside.
 
Publication date: 25 March 07:59 AM

Galaxy S5: Specifications Giving Competitive Edge

 

 

The new mobile device by Samsung called Galaxy S5 has been discussed on the Web for several months already. The device is said to come into market in April 2014. At this point, all the fans of Samsung devices are left to be looking forward to the long-awaited release.
 
Publication date: 24 March 09:19 AM

Gammers and Developers Got Interested in Microsoft DirectX 12

 

At this point, we know enough about DirectX 12 to start comparing and making conclusions. In particular, the developers promise wiser and more efficient use of CPUs and GPUs along with wider hardware support.
 
Publication date: 24 March 09:19 AM

Motorola and LG Introduce Smart Watches Powered by Android Wear

 

Motorola is reported to have introduced its own smart watch called Motorola Moto 360. The portable gadget is powered by the modification of Android OS called Android Wear, Market Leader reports.
Publication date: 21 March 08:04 AM