PitGuru.com's Softs Analysis: Dec 19, 2011 Sunday, December 18, 2011 by PitGuru.com Authors of PitGuru.com

The Softs Review
For the week of December 19, 2011

By Jurgens H. Bauer

For the week coffee prices continued downward, making new lows and looking weak. Cocoa prices staged an early week sizable rally when nervous shorts covered after a private report warned of reduced production slated for the Ivory coast. However, cocoa values resumed their move lower again, although managing slight gains for the week.

Sugar prices consolidated with the key feature being the reduction of volatility in option prices. Cotton prices moved sideways to lower.

What to expect in the week ahead? Anticipate resumption of US Dollar strength to pressure values among softs and for markets to be choppy and vulnerable because they will be thin.

 

***chart courtesy

Gecko Software’s Track n’ Trade Pro

Past performance is not necessarily indicative of future results.

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About the author

Daniel Cronin - PitGuru.com's Energies & Metals Guru

Daniel Cronin has spent years on the floor of the Nymex as part of one of the largest energy floor brokerages in the business. His extensive experience stems from not only his Pit background but also through intense studying and implementation of complex technical analysis and market trading techniques via the mentorship of the now retired Ralph Acampora. Mr. Cronin brings subscribers a rare combination of book smarts and real world trading experience in one of the most volatile market sectors in the futures industry.

Matthew Pierce - PitGuru.com's Grains Guru

Mr. Pierce is a unique acquisition for Futures Press Inc. in that he has an unmatched level of real hands-on experience within the industry in addition to his floor trading expertise and top notch education at the University of Illinois College of Agriculture. Matthew has literally cultivated the perfect professional career as a grain expert by working with the industry's most recognizable companies such as Cargill, LaSalle Group, Conagra, Walsh Trading Inc. and many more. In addition to trading on the floor of the Chicago Board of Trade, Mr. Pierce writes what many in the business believe to be the best kept secret amongst trading reports available in the industry.

Jurgens H. Bauer - PitGuru.com's Softs Guru

Jurgens owns and operates his own order execution firm on the ICE trading floor. He has been a member since 1987. His firm, Jurgens Bauer and Associates, specializes in executing option orders for a wide array of customers and a variety of industry participants, including individual speculators, funds and members of the trade. While Jurgens has been an active member of the trading community he has also spent time since 2000 working at raising awareness of environmental commodities, educating industry professionals on emissions trading, brokering transactions between private counter parties and developing SO2 and NOx contracts for the NYMEX.

Frank LaMantia - PitGuru.com's Financial Guru

Soon to be Dr. LaMantia, Frank is not only one of the most educated traders on Wall Street, but also maintains an industry resume of substance and depth. Frank has worked extensively on an Institutional preferred stock syndicate desk, as a government bond specialist, and as a financial advisor all the while achieving multiple licenses in the finance field. With an extensive and impressive client list (including Citibank, Bear Stearns, Lehman Brothers, AG Edwards, Mesirow, UBS, and numerous Hedge Funds), Mr. LaMantia brings his one-of-a-kind background to his current occupation of full time trader.