Will There Be Treasuries Issued Next Week?

Treasury bills have maturities of anywhere from a few days to 52 weeks. Treasury notes have maturities of between two years and ten years. Treasury bonds have maturities of 30 years. And the Treasury also sells Treasury-Inflation Protected Securites (TIPS), which have terms of 5, 10 or 30 years.

Cotton Prices Crushed As Storm Weakens

via Reuters in Mumbai, India:
Oct 7 (Reuters) - Cotton futures in India, the world's second-largest grower, are expected to fall this week on hopes of higher output as rains lead to better yields and due to approaching supplies from the new season harvest amid sluggish exports.

by Reuters US:

* Dissipating Tropical Storm leaves cotton crops unscathed
* Fiber sinks to one-month low, extends losses on sell stops
* Global stocks slide as investors remain jittery over U.S. gov't shutdown
* USDA will not release World Agricultural Supply and Demand Estimates report on Friday
NEW YORK, Oct 7 (Reuters) - ICE cotton sank on Monday to post its biggest loss in over six weeks as the weakening of Tropical Storm Karen eased worry over crop damage in the United States, the world's top exporter, and as the U.S. government shutdown and budget impasse kept investors skittish.

Cocoa Continues to Rise Due to Global Long-Term Supply Pressures

from Bloomberg:
Money managers raised bullish bets on cocoa traded in London to a record as global shortages loom for the 2013-14 season that started this month, according to data from NYSE Liffe, the derivatives arm of NYSE Euronext.
Investors were net-long, or betting on higher prices, by 64,759 futures and options in the week ended Oct. 1, the Commitments of Traders report on the exchange’s website showed today. That was the largest bullish bet since publishing of trader holdings began in 2011 and compared with the previous record of 63,419 contracts in the week ended Sept. 24. The beans for December delivery fell 0.5 percent in the latest week.

from  the Business Recorder of Pakistan:

NEW YORK: ICE cocoa climbed to a more than one-year high and London futures rallied to the highest in about two years on Monday as the International Cocoa Organization forecast a deficit in the next four years and as recent rains stoked worry of supply concerns in West Africa, the world's top growing region.

 by the Public Ledger of Agra.net:
Cocoa futures closed significantly higher on Monday, underpinned by reports that global demand will outstrip supply, industry watchers said.
According to the International Cocoa Organization (ICCO), the global cocoa deficit will be 69,000-70,000 metric tonnes in 2013/14, up from 52,000 tonnes in 2012/13.

Corn Leaps Due to Storm Risk

Wheat and corn futures rose Monday after storms in the Midwest over the weekend threatened both crops.
Wheat for December delivery rose 7.75 cents to $6.9475 a bushel and December corn rose 6 cents to $4.4925 a bushel.
Weekend storms delayed the harvest of the corn crop and also caused delays in planting the winter wheat crop, said Todd Hultman, a grain analyst with DTN/The Progressive Farmer in Omaha, Neb.

Stocks Sink Into the Close

News that a major broker doubled stock futures margins, along with the pressure of the continuing budget impasse in Washington, sank stock markets in the last hour of trading today, with the Dow closing down 136 points.

This was somewhat surprising, given that stocks had rallied out of the starting gate from deep losses, cutting those losses in half by mid-day.

Budget Impasse Doesn't Worry Wall St

Dow opened down more than 130 points, but is rallying sharply at the open. The continuing budget impasse doesn't appear to worry Wall St.

Stocks Decline Sharply Overnight, Rally At Open

Stocks Down 9 of Past 11 Days

Stocks Continue Selloff!

Dow down 185, and stocks have broken through support from last week.

Despite Turmoil in Washington, Stocks Still in Bubble Territory

Even after all the temporary and partial shutdowns of various government agencies, and even with the decline of stocks by 128 points today, the long-term charts of the S&P 500 show that stocks haven’t declined very much, and remain in bubble territory!

"No Deal" Sends Stocks Plunging 125 Pts

Wall St Unconcerned About Partial Government Shutdowns

History would suggest that it will be short-term, but this time, Obama is refusing to negotiate at all with the House. Stocks are down only modestly, but appear to be in waiting mode, confident that imminent resolution will provide support for a relief rally. They may be waiting longer than they expect. Wall St has been blinded by both hubris and Fed easy money.

Why Are Energy Costs So High?

Answer: Because high energy costs are the agenda!

After Being Down 130 Points, Stocks Rally At Open

This despite that the budget and Obamacare impasse continues. Dow down only 90 now.

Credit Bubble At Historic Highs

Stocks Crushed on Obamacare/Budget Impasse

Dow is down 115 points! There appears to be no resolution in sight.

What a Farce!

It's up! It's down! It's UP again! It's DOWN again!

And now, it looks like it's starting to go up again!

Stocks Reverse Again, Rocket Higher Following Kocherlakota Speech Promising Still More Fed Intervention

from Business Insider:
Today, Minneapolis Fed President Narayana Kocherlakota, is suggesting we may need even more stimulus to get unemployment down and the economy humming.
The dovish Fed official employs buzz phrases like "whatever it takes," and he even suggests the Fed should ignore warnings of asset bubbles as it stimulates.
Quoting Kocherlakota:

"Doing whatever it takes in the next few years will mean something different. It will mean that the FOMC is willing to continue to use the unconventional monetary policy tools that it has employed in the past few years. Indeed, it will mean that the FOMC is willing to use any of its congressionally authorized tools to achieve the goal of higher employment, no matter how unconventional those tools might be. Moreover, doing whatever it takes will mean keeping a historically unusual amount of monetary stimulus in place—and possibly providing more stimulus—even as:

• Interest rates remain near historic lows.
• Economic growth rises above historical averages.
• Per capita employment begins to rise appreciably.
• Asset prices rise to unusually high levels, leading to concerns about “bubbles.”
• The medium-term inflation outlook rises temporarily above 2 percent.

What he's really saying is that they won't stop until the blow up the house. This is the level of ego and hubris of this Fed. And they'll succeed -- at blowing up the house!

And stocks have reversed again and are moving higher, after going back to dead flat.

Stocks Give Back All Gains, Now Lower

Stocks Scream

The economic news must be terrible, because stocks levitated 100+ points in the first 30 minutes today.