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Wednesday Weekly Grain Seasonal Review 5.25.22

Wed, 05/25/2022 - 10:18
Each Wednesday this article will be updated with the current seasonal study using CQG’s Seasonal analysis applied to the Soybean, Wheat and Corn markets. You can download the CQG pac providing the studies and charts here. In addition, the seasonal data lines can be pulled into Excel using RTD formulas. Seasonal analysis is about price direction or the trend. Soybeans The short term correlation (20-days) is now tracking the 6-year seasonal line. The 50-days correlation is still tracking the 1-year seasonal line. The 100-days correlation is still tracking the 10-year seasonal line. Also, the

USDA Cattle Market Data Added

Wed, 05/18/2022 - 18:38
The CQG Data Quality Team has added over 1,000 USDA Cattle Market reports. The symbols are found under the USDA-WASDE group in the CQG Symbol Finder when searching for Cattle. Read more

Wednesday Weekly Grain Seasonal Review 5.18.22

Wed, 05/18/2022 - 09:54
Each Wednesday this article will be updated with the current seasonal study using CQG’s Seasonal analysis applied to the Soybean, Wheat and Corn markets. You can download the CQG pac providing the studies and charts here. In addition, the seasonal data lines can be pulled into Excel using RTD formulas. Seasonal analysis is about price direction or the trend. Soybeans The short term correlation (20-days) is now tracking the 6-year seasonal line. The 50-days correlation is still tracking the 1-year seasonal line. The 100-days correlation is still tracking the 10-year seasonal line. Also, the

USDA Cattle Market Data

Tue, 05/17/2022 - 10:51
The CQG Data Quality Team has added over 1,000 USDA Cattle Market reports. The symbols are found under the USDA-WASDE group in the CQG Symbol Finder when searching for Cattle. In the title bar for the chart the entire description of the report is displayed. Some CQG Quote Displays have a character count limitation and the description maybe truncated. One solution is to use the Market Watch quote display and add the full description as a comment by adding an apostrophe ahead of the description and copy the description out of the CQG Symbol finder or copy the description out of the Excel USDA

What's New in CQG One & CQG Desktop Version 7.4

Mon, 05/16/2022 - 15:51
Trading Trading confirms show legs of exchange traded spreads Ability to activate parked orders in Order Info screen in mobile layout Added preference to show only today's partial fills for working orders Added consolidated Buy/Sell quantity column in Download Orders report from Orders Filled widget HMS/OTC Manage Custom Market: Added Hedge First Percentage Threshold field and On Behalf of Sub ID Manage Custom Market: Ability to bulk edit Hedge First, On Behalf Of and Hosting Account fields Publish Bids & Offers: Create previews for only visible contracts Placing an offer from Hedge

Excel Aggregate Function

Mon, 05/16/2022 - 07:55
The Excel AGGREGATE function returns an aggregate calculation such as AVERAGE, COUNT, COUNTA, MAX, MIN, PRODUCT, etc., applied to a list of data while optionally ignoring hidden rows and errors. Nineteen operations are available. The choice is specified by the function number in the first argument. This image displays a partial list from the drop-down menu for AGGREGATE. This table below is the full list of options. The first column is the function number used in the formula, the second column is the function and the third column lists if there is an additional parameter required.

Wednesday Weekly Grain Seasonal Review 5.11.22

Wed, 05/11/2022 - 11:07
Each Wednesday this article will be updated with the current seasonal study using CQG’s Seasonal analysis applied to the Soybean, Wheat and Corn markets. You can download the CQG pac providing the studies and charts here. In addition, the seasonal data lines can be pulled into Excel using RTD formulas. Seasonal analysis is about price direction or the trend. Soybeans The short term correlation (20-days) is now tracking the 6-year seasonal line. The 50-days correlation is still tracking the 1-year seasonal line. The 100-days correlation is still tracking the 10-year seasonal line. Also, the

The Roundtable Insight - Dr. Barbara Kolm & Yra Harris on Europe, Economy and Austrian School

Tue, 05/10/2022 - 12:17
Dr. Barbara Kolm is the Vice President of the Austrian Central Bank, since 2018. She is also the Director of the Austrian Economics Center (AEC) and President of the Friedrich August von Hayek Institute. She founded the Free Market Road Show, an initiative whereby conferences dedicated to free market economics are held in dozens of cities across Europe and beyond each year. She also holds several positions in the executive management of private enterprises and NGOs, is a member of the university board of WU-Vienna University of Economics and Business, and also an Associate Professor of

Market Summary May 8, 2022

Mon, 05/09/2022 - 10:21
Petroleum prices continued to rise this week, increasing for the fourth week in six and fifth in nine. US Gasoline prices set historic highs, closing on Friday at 3.759 per gallon. US Distillate stocks again reached 14 year lows. Distillate prices weakened despite overwhelmingly strong fundamental circumstances. The European Union claimed progress in passing a resolution to ban Russian imports despite a conspicuous absence of recognition in the press that the vote must be unanimous among all 27 EU members, something that appears highly unlikely. The current administration in the United States

Excel Forward Curve Charts

Mon, 05/09/2022 - 08:36
Monitoring market data in Excel may be enhanced by including Forward Curve charts. However, there are issues with Excel charting and the purpose of this post is to offer solutions using Excel functions. For example, if the “Last Trade” for Crude Oil is being pulled into Excel then there might be blank cells in the deferred contracts and Excel interprets that as zero and the chart will look like this: Before we delve into the first solution for this chart we will walk through the basic details of the downloadable sample spreadsheet at the bottom of the post. First, cell A3 is where to enter

The Roundtable Insight: Dr. Thorsten Polleit and Yra Harris on the Economy, the Financial Markets, and Sound Money

Fri, 05/06/2022 - 10:13
Thorsten Polleit is Chief Economist of Degussa and Honorary Professor at the University of Bayreuth. He also acts as an investment advisor. Yra Harris is a highly respected global macro analyst and trader for four decades---knowledgeable in Foreign Exchange, Global Bonds, Commodities and Equities. His work is subscribed to by thousands and is highly valued by professional global macro discretionary traders. Read the NOTES FROM UNDERGROUND archives to get a taste of Yra's work. With thanks to Financial Repression Authority.   ‌‍‍‍‍ CQG Integrated Client Get a 2-week

Notes From Underground: A European Discussion With Professor Polleit

Fri, 05/06/2022 - 10:11
Yes, Wednesday is FED day and the markets are expecting a 50 basis point increase in the FED FUNDS RATE to a range of 0.75% to 1%. The most important issue will be the size of the balance sheet unwind and whether Chair Jerome Powell is good to his heightened concerns about headline inflation means a full throttle on balance sheet shrinkage, reaching the full $95 billion a month at a quick pace. So Jerome, let’s have at it and let the markets decide the impact on myriad asset classes. In 2018, this double shotgun of QT and interest rate hikes proved too much for the highly leveraged global

Wednesday Weekly Grain Seasonal Review 5.4.22

Wed, 05/04/2022 - 22:00
Each Wednesday this article will be updated with the current seasonal study using CQG’s Seasonal analysis applied to the Soybean, Wheat and Corn markets. You can download the CQG pac providing the studies and charts here. In addition, the seasonal data lines can be pulled into Excel using RTD formulas. Seasonal analysis is about price direction or the trend. Soybeans The short term correlation (20-days) is now tracking the 6-year seasonal line. The 50-days correlation is still tracking the 1-year seasonal line. The 100-days correlation is still tracking the 10-year seasonal line. Also, the

Energy Market Summary May 1, 2022

Mon, 05/02/2022 - 12:23
Petroleum prices increased for a third week in five and fourth in eight as the end of April marked the fifth consecutive month of price increases, the largest such streak since 2018. Prices recovered from near two week lows at the beginning of the week as Russian/Ukrainian war concerns outweighed worries of diminished Chinese demand due to large-scale lockdowns linked to a sharp resurgence in Covid. ULSD prices reached historic highs in the month of May on Nymex which expired on Friday. May ULSD had a last day range of $1.46 per gallon with a high of $5.86. The practical impact on supplies

A Wild Month In Natural Gas

Mon, 05/02/2022 - 11:13
Natural gas futures began trading on the CME’s NYMEX division in 1990. Over the past thirty-two years, the price has traded from a low of $1.02 to a high of $15.65 per MMBtu. Wild price swings are nothing new for the natural gas futures arena, but the price action moved into a bearish trend from the 2005 high to the June 2020 low that took natural gas from $15.65 to the lowest price since 1995 at $1.432 per MMBtu. The NYMEX futures market reflects the natural gas price at the Henry Hub in Erath, Louisiana. Other delivery points trade at significant premiums for discounts, but the NYMEX price

What's new in CAST 2 v2.26

Mon, 05/02/2022 - 00:00
Filter log on events by service group (location) Thanks for being a valued partner. We hope that these updates help improve your administrative workflow as we continue to improve your CAST 2 experience. Send us feedback on features that you like or want via our CQG Forums site CAST2 Help site Previous release notes The CQG CAST Team

User-Defined Strategies (UDS)

Fri, 04/29/2022 - 15:24
The UDS functionality in CQG Version 2022 has been significantly updated with many more strategies, as well as the available strategies are now grouped by exchanges. This post introduces UDS functionality and includes a walkthrough by CQG Product Specialist Stan Yabroff detailing how to create and trade UDS. UDS are multi-leg, tradable options strategies created by an individual and registered by an exchange for general open market trading. The basic formula includes legs composed of an operator, ratio, and contract. Generally, a definition of UDS is exchange specific. Some common UDS are

User-Defined Strategies (UDS)

Fri, 04/29/2022 - 12:36
The UDS functionality in CQG Version 2022 has been significantly updated with many more strategies, as well as the available strategies are now grouped by exchanges. This post introduces UDS functionality and includes a walkthrough by CQG Product Specialist Stan Yabroff detailing how to create and trade UDS. UDS are multi-leg, tradable options strategies created by an individual and registered by an exchange for general open market trading. The basic formula includes legs composed of an operator, ratio, and contract. Generally, a definition of UDS is exchange specific. Some common UDS are

Notes From Underground: Into the Weeds on Yen/Yuan

Thu, 04/28/2022 - 12:45
In the first post about the YEN/YUAN, we discussed the current significance of the cross, and with it a rising dollar. Now we will provide CONTEXT and NUANCE as to the backdrop of this cross’s significance. It is easy to forget that the Chinese economic miracle is only 40 years old as it began under the direction of DENG in 1978-79 and his rise as China’s leader. By 1994 China is beginning to feel the positive effects of Deng’s policies of white cat/black cat in pursuing modernity and western-style economic growth. In an effort to become more competitive on a trade basis China devalued the

Notes From Underground: The Meaning of the Yen/YUAN Cross

Thu, 04/28/2022 - 12:31
In the past three weeks I have had the pleasure of doing two major podcasts with two of the most highly regarded global macro thinkers and traders: Zoltan Pozsar and Louis Gave. Our discussions led to an attempt to explain the importance of the Chinese yuan during the current period of CAPITAL ANXIETY. During the past two years the Chinese YUAN has rallied from 7.13/dollar to 6.35, where it has sat for the last six months (a gain of 12%). And, as I have argued for the last 18 months, the strengthening YUAN during the pandemic was a signal that the Chinese were shifting to a more domestic-