Futures :: Forex Trading

Why I don't listen to the news

This is why I don't listen to the news much anymore.

It seems like every time I read anything in the news the markets are doing something different, take today for example.

Sugar
You might think that sugar would have traded higher this week in sympathy with crude oil, given its use in ethanol production, but you would be wrong. March sugar finished the week down .06 at 10.15.

Hogs
The USDA said on Tuesday afternoon that there were 17 million pounds of frozen pork bellies in storage at the end of September, more than expected. Anyone that sold bellies on Wednesday however, soon found themselves caught in a bear trap. On Friday, February bellies closed up their 3-cent daily limit to end the week slightly higher, at 83.52.

Monday, October 29, 2007