Cesarnc's market talk, gossips, rumours & fun

Dont worry - they're on my boat - just PM me and I'll show you http://www.forexfactory.com/images/icons/icon6.gif

How bout this one...
http://cars.uk.msn.com/News/car_news...mentid=7542361

Wow, that is one nice SOB.

But now will come BWR complaining there is no underwater drive-in yet for the 2 girls in bikinis he's already on, blah blah blah. You can't make everybody happy, anyway

RMK: not to mention the smoke impossibility

"Help me help you" deal already set...

"A consortium of banks has largely finalized a deal to recapitalize troubled bond insurer Ambac and is now trying to sell the plan to the rating agencies."

Triple A rating confirmed

http://www.clipartof.com/images/emot...ying_music.gif http://www.clipartof.com/images/emot...90_dancing.gif http://www.clipartof.com/images/emot...r_together.gif http://www.clipartof.com/images/emot...ng_cocaine.gif

+200 closing. GJ to 217, AJ to 103, and All is well with the world.

And there goes all my weekend of reading down the drain... and losing money which sucks

Seems like it wants to go higher... question is if the world is pink again or this is just another sucker's rally.

I turned my brain off when trading. I just smash and grab. Looking for 103 AJ tonight.

This is it. Tomorrow is the key technical day to decide whether the bulls or bears are in control.

If bears retake control, we may not see 12500 again in the near future.

Daily close GJ above 212.40 is one HUGE deal.

It will be worth it leaving a buy stop above today's high in that case, imo. I'm adding at this level

Case close below that level, I'm back watching and will reload the truck downstairs.

And BTW, Cramer is calling for sellling on rallies, which gets me a lil worried actually. But whatahell, gotta wait and see. Too poor a retracement on today's move. Keeps the bull breathing and the bear dancing on the corner.

Are you looking at an EMA, Cesarnc?

It's already above the EMAs I use in the H4. But 212.40+ daily close is not seen in about a month already. Clear break of 213.50 / 214 would sound nice for the upside.

Wheat went up over 8% today and I've seen a consistent bid size over 10,000 contracts since this morning when it was only up 4%.

Either someone badly wants to lock in current prices or they know that supply/demand is about to get even more screwed up than it already is.

I'm surprised agricultural commodities aren't getting more media attention, they are all going through the roof.

Closed 212.41. This market knows how to play with your nerves

Back by London

http://www.ft.com/cms/s/0/e985f12a-e...0779fd2ac.html

Consumers told to expect bigger bills
By Javier Blas and Andy Bounds

Published: February 25 2008 02:00 | Last updated: February 25 2008 02:00

When William Lapp of US-based consultancy Advanced Economic Solutions took the podium at the annual US Department of Agriculture conference, the sentiment was already bullish for agricultural commodities, boosted by demand from the biofuels industry and emerging countries.

He added a twist - that rising agricultural raw material prices would translate this year into sharply higher food price inflation.

"I hope you enjoy your meal," Mr Lapp told delegates during a luncheon. "It is the cheapest one you are going to have at this forum for a while."

His warning that a strong wave of food price inflation is heading towards the world economy was met by nods from agriculture traders, food industry executives and western government officials at the USDA's annual Agricultural Outlook Forum.

Larry Pope, chief executive of Smithfield Foods, the largest US pork processor, warned delegates of a wave of "real food inflation" just as central banks face pressure to cut interest rates.

"I think we need to tell the American consumer that [prices] are going up," he said. "We're seeing cost increases that we've never seen in our business."

The comments highlighted one of the conference's main concerns: that rising agricultural prices have reached a stage at which the impact will be felt not only on fresh food but will also filter through the supply chain and raise the cost of processed food.

Tom Knutzen, chief executive of Danisco, one of the world's largest ingredients companies, said rising vegetable oil costs made it more expensive to produce preservatives, colourings and flavourings.

"Our products are based on vegetable oil. Our input cost has gone up so we are increasing prices," he said in an interview in Brussels. He added that preservatives, colourings and flavourings made up only 1-2 per cent of the cost of food but there would be a ripple effect as they were present in almost all the food sold worldwide.

US agriculture officials forecast that food prices will rise this year at an annual rate of 3-4 per cent, warning that the risks were skewed to the upside. Last year, food price inflation rose to 4 per cent, the highest annual rate since 1990.

Joseph Glauber, the USDA's chief economist, said in an interview that until now some companies had absorbed the rise in commodities prices but that the trend was about to change.

He said that wheat prices had previously moved from $3 to $5 a bushel without significant pain for consumers. "But now the wheat price has jumped to nearly $20 a bushel. These large increases will show up [in consumer prices]."

Some people hope a slowdown in the US or global economy would push down agricultural commodities prices. But Mr Glauber said that would have a limited impact on agriculture commodities prices. "I am more concerned about higher prices than lower prices."

However, Simon Johnson, chief economist at the International Monetary Fund, said that for most agricultural commodities and metals markets the global slowdown would push prices down.

"The commodities market believes in the decoupling of developing countries' growth," Mr Johnson said. "The IMF does not believe in decoupling to that extent."

But even if commodities prices do slow down, other forces could still push consumer prices higher, food industry executives said.

Companies until now have moderated consumer price increases thanks to large inventories and financial hedges in the commodities futures markets. But during the course of this year those mitigating factors would vanish, executives said.

"The final result will be higher prices," Mr Lapp said. The global economy is "at the beginning of a period in which consumers will face higher food prices".

Good day mates.......

Which way should the DOW takes us today......

HOLLA

Somewhere over that phuking rainbow in to make believe land.

Yep, and that PJ is surely a MF today......60 pip range since Frankfurt...yawn

HOLLA

u mean like this...:
http://finance.yahoo.com/q/bc?s=ISKJ...l=on&z=l&q=c&c=

Nice play de123