Chococommodity : Technical Summary by commodity @ July 8,2010

Chococommodity Technical Summary
Product	Contract month	Exchange	Close	Support	Resistance	Trend
			7-Jul-10
Brent	Aug	ICE	73.5	70.6	77.0	Bullish
NYMEX Wti	AUg	NYMEX	74.1	72.0	75.0	Bullish
Gold	July	COMEX	1,198.6	1,190.0	1,215.0	Bullish
Corn	Aug	CBOT	378.3	360.0	385.0	Bullish
Soybean	Aug	CBOT	967.8	940.0	985.0	Bullish
Wheat	Sep	CBOT	530.5	519.0	540.0	Bullish
Cocoa	Sep	NYBOT	2,981.0	2,940.0	3,055.0	Bearish
Coffee	Sep	NYBOT	163.1	157.0	169.0	Bullish
Sugar	Oct	NYBOT	17.1	16.9	17.5	Bullish

My comment : Commodity are bullish support from fundamental and technical. Price leader is crude oil an estimated stock reduction and EIA raised global oil consumption also support price. The agriculture product in CBOT wheat has support by hot and dry weather in EU could reduce EU wheat crop , Soybean USDA report soybean crop condition reduce from last week concern about yield that may not high as trade estimate and corn support buy weather condition too but trader will focus on USDA supply demand on this Friday.

Malaysia Palm Oil Price Estimated 2010-11

The forecast of Malaysia palm oil price in a table below.

Japan Soymeal Supply Demand Estimate for 2010

Ministry of Agriculture reported Japan soy meal consumption would be increase in 2010 to 3.850 million tonnes from 3.815 last year and ending stock decrease to 71,000 tonnes from 111,000 tonnes in 2009.

USDA Soybean planting estimated June

USDA release soybean planting 2010/11 estimate indicated that farmer could be increase production to 3,346 million bushels and ending stock may rise to 397 million bushels from 360 million bushels in June 10 estimate. However good weather condition may rise soybean yield, Informa sees U.S. soybean crop at 3,385 million bushels at yield 43.4 bushel/acre.
Bearish factor for new crop soybean prices.



Corn price bullish from ending stock (2010/11) could be reduce to 1,447 million bushels from previous estimated at 1,573.


Wheat ending stock would be increase to 1,043 million acre from last estimate 991. The fundamental of wheat still weak but big gain in corn price are support wheat and soybean price in this week.

Japan Soybean Supply Demand Estimates for 2010

Japan soybean supply and demand estimated reported by ministry of agriculture......

Brazil Major Commodity Export Report on June ,2010

The world Major exporter of many commodity reported export data of major commodity for june in the table below....

U.S. Corn export to China May-Jun 10

US corn price have support from China demand that bought more than 1 million tones of U.S. corn in this year...