Wednesday, August 11, 2010

Mortgage and Loans - Mortgage Refinance, Home Loans

Mortgage and Loans - Mortgage Refinance, Home Loans

Soybean Complex, Corn and Wheat Market Commentary for 08-10-10

Posted: 11 Aug 2010 05:09 AM PDT

Corn Market  Commentary  for 08-10-10

September Corn finished down 9 1/2 at 393 1/2, 9 1/4 off the high and 3/4 up from the low. December Corn settled  down 9 at 409. This was 1 up from the low and 9 off the high.

December corn sold off into the end of the overnight session, rallied to start the day session and then sold off through the end of the day session into early afternoon. Traders said that a higher dollar and a lower crude oil market set a negative tone today on a day that was then dominated by profit taking ahead of the USDA’s reports on Thursday. Those reports include the first major field survey of the year for corn. Weather forecasts call for hot to very hot conditions through Thursday with a temporary cooling this weekend followed by more heat next week. Beneficial rains are expected in the Southeast into the start of the weekend. Traders are looking for the 2010/11 US corn crop to be 30-35 million bushels above the USDA’s July forecast of 13.245 billion bushels. It should be noted that the July number was mainly a trend yield (statistical) forecast while the August estimate will be the result of a major field survey. US Agriculture Secretary Vilsack said today that he did not expect strong wheat prices to have a dramatic impact on corn acreage next spring.

September Rice settled up 0.215 at 10.57, equal to the high and 0.215 up from the low. 

 Wheat Market  Commentary Report for 08-10-10

September Wheat finished down 17 3/4 at 694 3/4, 23 1/2 off the high and 4 3/4 up from the low. December Wheat closed down 17 at 726 3/4. This was 4 3/4 up from the low and 23 off the high.

Nearby September and December wheat continued to move lower today despite an attempt to rally overnight and again at the start of the day session. December wheat finished near the lows of the day, losing sharply to deferred contracts amid active bear spreading. KC and Minneapolis also gained on the Chicago December contract. Traders indicated that this may be part of the overall evening up process ahead of the USDA’s Crop Production report on Thursday. Traders will be focusing on their production estimate for Russia, but there is still a great deal of uncertainty over how big the losses are, and some forecasts call for the drought to last another 10 days. Traders’ attention is turning to the winter wheat outlook in Russia where current extreme dryness could prevent planting of a substantial portion of the winter wheat crop if the drought continues into the fall. One analyst noted that this is a big ‘if’, although current forecasts show no end in sight for the drought. Also, it will take above normal rainfall over the next several weeks to end the drought and get soil moisture levels up to the point where they will generate seed germination and sustain early plant development. Russian customs data indicate that wheat exports to non-CIS countries were up 35% over last year during the first 6 months of the year. Traders are looking for a marginal increase of about 15 million bushels in the US all-wheat crop production estimate this Thursday. This is mainly for spring wheat and durum wheat since those are the crops that are still developing. Egypt is in the market for 55,000 to 60,000 tonnes of optional origin wheat, although the GASC buying agency said that it is not seeking bids from Russia, Ukraine, Kazakhstan or Romania. The USDA announced a sale of 120,000 tonnes of wheat to Egypt.

December Oats settled  down 8 1/4 at 284. This was 2 3/4 up from the low and 6 off the high.

Soybean Complex Market Commentary  for 08-10-10

September Soybeans finished  down 13 1/4 at 1021 1/4, 13 off the high and 1 3/4 up from the low. November Soybeans settled down 13 at 1022. This was 1 1/2 up from the low and 12 3/4 off the high.

December Soymeal closed down 4.6 at 289.8. This was 0.3 up from the low and 5.0 off the high.

December Soybean Oil finished down 0.26 at 42.23, 0.35 off the high and 0.15 up from the low.

November soybeans saw significant price swings on a down day today, making new lows for the day just prior to the close. Meal lost ground to soy oil despite a drop in crude oil. The dollar was considered an overall negative factor as it posted significant gains on the day. A continued drop in wheat was also considered negative. Weather forecasts continue to call for hot weather in most growing areas through Thursday with a cold front moving into the upper Midwest on Friday, bringing substantially cooler air in the northern Midwest this weekend. The hot air mass is then expected to push back into all but the NW Midwest by next week. Some forecasts call for heavy rains in southern and SE Minnesota and extreme northern Iowa with central Iowa and the far NE soybean belt getting more moderate totals. Rains hit a dry patch of central Illinois over the past 25 hours, alleviating some developing stress there. The USDA announced export sales of 400,000 tonnes of soybeans to China, 100,000 tonnes to Egypt and 180,000 tonnes to unknown destination.

After reading ï»¿today’s review,traders might want to take a peek at the commercial traders  momentum.  The Commercial Trader momentum can be tracked by using the Commodity Futures Trading Commission Commitment of Traders reports.  Our idea is that, in a value driven commodity futures market no one knows fair value like the people who produce it or, have to use it.  In fact, it is precisely their sense of value that provides the commodity market’s rhythmic meanderings that swing traders love so much.  Let’s face it, producers know when their product is overvalue and it should be sold just as well as end line users know when they should be stocking up at low prices.  Therefore, trader should be able to incorporate this valuable information into their future market education.

The daily commentaries provide an analysis of the factors that influenced price activity, a recap of any reports released that day, a rundown of each commodity’s traded price activity, and a look ahead at the next day’s schedule.  Market commentaries for soybeans, corn, wheat, silver and gold are provided by CME Group.   The information in the Market Commentaries was obtained from sources believed to be reliable, but we do not guarantee its accuracy. Neither the information nor any opinion expressed therein constitutes a solicitation of the purchase or sale of any futures or options contracts.

This blog is publicized by Andy Waldock.  Andy Waldock is a financial advisor, trader, analyst, broker and asset managerfor Commodity & Derivative Advisors, located in Sandusky, Ohio.  As a result, Andy Waldock may have positions for himself, his relatives, or his clients in any commodity future market discussed. The blog is meant for educational purposes and to develop a discussion among those with an interest in the commodity future markets. The commodity markets may not be appropriate for all investors due to the high degree of leverage.  Investing in the commodity futures could result in considerable risk.  If you are interested in reading other circulated articles, commenting  on his writings or subscribing to Andy’s blog, please visit http://blog.commodityandderivativeadv.com, or if you have any questions, please call 1-866-990-0777.

 

 

 

TRUTH ABOUT INSTANT NO FAX PAYDAY LOAN

Posted: 11 Aug 2010 03:49 AM PDT

Each individual may face a certain need for fast cash should emergency arises in his life. Worse, emergencies do arrive in the most unexpected time where people are not that so prepared. And even worst, it happens when your bank accounts or savings are literally broke. In this worst scenario, availing of instant no fax payday loan must be everyone’s savior.

However, not everyone is aware of this type of short-term loan. The following discussion tackles about no fax payday loan and its benefits as much downside to people’s pockets.

To define no fax payday loan, it is a short-term loan, a kind of financial help offered by financial institutions to people who are in dire need of cash within the least time possible. The process can be finished over the night or less than 24 hours. This short-term loan provides easy cash for those people who failed to allocate sufficient funds for possible emergencies. Though no emergency is being prayed for in here.

But emergency situation excuses no one which makes these no fax payday loans essential for every community to provide fast cash for people in need. If ever you are in dire need, you will no longer consider the necessary consequences, even the rates being charged to you. If you will compute and compare the value of cost of interest incurred in loan with the value of something you might lost (like mortgaged house or car), no fax payday loan is a sure saver.

Convenient source of fast cash must be the correct term for no fax payday loan. However, some people disregard such convenience basically because of the imposed rates among no fax payday loans. The rates may be higher than the usual bank loans but some bank loans that have lower rates sometimes require specific limit of loanable amount. You are not guaranteed that the bank’s management will approve your loan application. You will even pray for a faster processing of your papers after you have completed submitting all papers in your hand. There is no assurance that you will get what you hoped and prayed for.

Are you willing to wait for another five to ten days of processing of your loan when there are some loans that can turn simple loan application form into cash in just a matter of hours? Would you let your mortgaged car or home be bought out by your bank because you were not able to provide on time payment? Would you still opt not to avail of short-term loan when you are in dire need of cash?

Despite all those negative comments about instant no fax payday loans, people should always consider this short-term loan as their best option. It provides fastest cash. People can avail funds from instant no fax payday loan in just a day or hours count without any need for several documents.

Poor Credit Cash Loan Recommendation GA

Posted: 10 Aug 2010 08:22 PM PDT

It’s widely known that it is harder now than ever for the average American to keep up with all the bills and expenses that come up each month. A lot of us have seen our credit rating suffer because of the downturn in the economy. When we are looking for a loan from the bank, we are turned down. When we ask to have our credit card limit raised so we can cover surprising expenses, they tell us no. But the bills don’t stop coming and often we need fast cash to cover us till payday. Fortunately , it is easy to get a blemished credit money loan from pay-day loan Georgia companies.

my online payday loan were made to make it straightforward to get a quick money advance on your paycheck even if you have blemished credit. There isn’t a need to go thru the discomfort of an in depth credit check when you apply for a bad credit money loan. Pay-day loans GA are simple loans. Simply log on and find the payday loan company that fits your wishes fill out the application right there online and your payday loan company does the rest.

Payday loans Georgia are often called 60 minutes payday loans, because that’s as long as it often takes to have your money advance no credit check payday loan approved and deposited into your bank account. Imagine that one hour! Then think about how long it would take your Mastercard company to confirm an increased limit. If you have good credit and don’t need blemished credit cash loans, you still couldn’t get money as quickly as you can with these just about instant payday loans!

When do you need a blemished credit money online loans?

Actually, you never know just when you’ll need a short term payday loan GA. You’ll need a bad credit loan at only the time you think you do not need one. Shall we say for instance that it’s two weeks till payday and you’re doing fine. You have paid all the bills and still have enough to see you through the remainder of the month if you are careful with your cash. Then your automobile breaks down on the way to work. Conveniently there’s a garage nearby, so you do not have to pay for a tow wagon, but the repair bill is still going to be several hundred dollars. There goes your food and gas money for the rest of the month.

During your lunch break, you sign up for a no credit check short term payday advanced online loan and by the time you finish work, your money loan is in your account. No-one’s going hungry this month and next month you’ll be able to pay back your fast money paycheck advance. The fee for your cheap loan is small enough that it’s more than worth its price to you. Your car got fixed when you required it and you had sufficient cash to get you through till payday.

Don’t be afraid to apply for a blemished credit cash loan. There are no credit checks or embarrassing interviews and if you meet just a few basic wants, you have a virtually warranted cash advance loan from payday loan Georgia firms.

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Looking For Advice On Mortgage Debt Elimination

Posted: 10 Aug 2010 04:57 PM PDT

Mortgage debt elimination is an objective many of us look forward to. When you don’t earn enough, mortgage repayment could be more than just troublesome. Debt is part of common existence, and there is hardly anyone who escapes from it; the very consume society encourages it at a large extent. To some it appears inescapable. Statistics show that only half of the Americans actually manage to meet their monthly payment obligations while the other half get further in debt as they cannot cope with the rates.

Mortgage loans are a lot more troublesome than any other form of debt because they have the house as a collateral. When you fail on repayments, the lender may take your home. Mortgage debt elimination should thus be a priority for anyone planning to improve financial management of the household. The conditions are not that dire with credit card bills or with medical card bills because smaller sums of money are involved. Loans that use homes for the equity, on the other hand, usually involve very large amounts of money.

If you cut back on expenses and you manage to do some savings, chances are that you will be able to accelerate the mortgage debt elimination. Your future may depend on the capacity to identify the unnecessary expenses and eliminate them. It’s time you prioritized! This may sometimes involve some considerable life style changes but it’s better to have a house where to live than to satisfy every little whim and get broke. In case you fall behind on the mortgage, it is a must to contact the lender right away and thus avoid foreclosure.

Every member of the family should be involved in the effort of cutting back on expenses, otherwise the mortgage debt elimination will be a lot more difficult to achieve. Do not venture into buying fancy cars, fashionable brand names or redecorating when you do not have savings to cover for the expenses. If you want to really achieve mortgage debt elimination you have to stop spending some hundreds of dollars on fancy clothes every month.

A further aid in times of financial trouble could come from the renegotiation of the contract terms. Instead of falling back on your payments, it is a better idea to talk to the lender and see whether you can get a reduction of the monthly rate so that it stays affordable. You can then make an effort and actually pay something extra every month and thus compensate for the extension of the loan that may derive from such a measure. mortgage debt elimination is doable despite the many challenges that accompany it!

Mortgage Rates Fall to 4.9%

Posted: 10 Aug 2010 04:49 PM PDT

FBNs Robert Gray on 30-year mortgages dropping to a record low, the sixth time in seven weeks.

Quicken Loans Relocation — Greg Witulski Mortgage Banker

Posted: 10 Aug 2010 04:49 PM PDT

Quicken Loans client Denise from Iowa, discusses in this video review how Quicken Loans and Greg Witulski, her mortgage banker, helped her and her family with their relocation. In the past Denise had always gone to a bank for financing, so first she tried calling a local bank, but never received a call back. However, Greg Witulski from Quicken Loans did call her and they began the mortgage process. At first Denise was nervous to work with a online lender, but after working with Greg and receiving a high level of customer service and personal attention her fears dissipated. Denise recommends Quicken Loans and Greg Witulski to anyone looking to relocate, refinance or purchase a home.

Can health insurance premiums be taken out of your gross income?

Posted: 10 Aug 2010 12:32 PM PDT

My husbands employer has taken his insurance premiuns out of his gross income which has made his gross income lower.
Actually his premium was taken out pre tax. Now on his w-2 it doesnt show up at all as if he never earned it.

Posted by Blogku at 7:04 AM

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