Tuesday, April 21st is the Last Trading Day for the May Crude Oil in NY.  We ask that you please do not wait until the last minute to exit this market. Wednesday, April 22nd is the First Notice Day for the May ICE Coffee in NY. Anyone LONG the May ICE Coffee that morning will [...]

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  The following CME Group margins are changing at the close of business Fri Apr 17: For additional Performance Bond Requirements on Agriculture, Coal, Crude Oil, ERIS, Interest Rates, Metals, NGLS, and Refined Products Outrights; Agriculture and Crude Oil Intra-Commodity Spread Charges; Refined Products Inter-Commodity Spreads, go to: http://www.cmegroup.com/tools-information/lookups/advisories/clearing/files/Chadv15-108.pdf **Please note – Ag Intra Day [...]

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Morning Softs 4/17/15

On April 17, 2015 - 10:48 AM By

COTTON General Comments: US prices were lower yesterday on bad sales and export data from USDA. Planting progress has been slow again this week as rains keep falling in the Delta and Southeast. It has been too dry in the Texas Panhandle. Chances for rains in the Panhandle and up into Oklahoma are expected to [...]

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Morning Grains 4/17/15

On April 17, 2015 - 10:47 AM By

DJ China Dalian Grain Futures Closing Prices, Volume Soybean No. 1 Turnover: 263,220 lots, or 10.78 billion yuan Open High Low Close Prev. Settle Ch. Vol Open Settle Interest May-15 4,206 4,222 4,057 4,057 4,226 4,148 -78 84,100 123,030 Jul-15 4,115 4,153 4,097 4,137 4,128 4,124 -4 82 14 Sep-15 4,099 4,099 4,038 4,040 4,099 [...]

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Financials: June Bonds are currently 17 lower at 163’20, 10 Yr. Notes 2 lower at 129’20 and 5 Yr. notes fractionally lower ar 120’23. I’m still hesitant to take a position in either Bonds or 10 Yr. Notes with the German 10 Yr. trading at a yield of 0.07%, only 7 basis points from 0% [...]

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This morning’s reports at 7:30 A.M. are CPI and Real Earnings. al-Qaida militants clashed with one of Yemen’s largest brigades outside Mukalla, the capital of the Hardramawt province. The militants then seized control of Riyan airport and moved to secure the city’s main seaport, which is also oil a terminal. This is also causing concerns [...]

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Al Qaeda. The Energy Report 4/17/15

On April 17, 2015 - 7:56 AM By

Al Qaeda is back on the minds of energy traders after they took control of the major Riyan Airport and the Dhabah oil terminal on the Arabian Sea coast, which is in the southern part of Yemen. Oil prices surged on the uncertainty as the group “Al Qaeda in the Arabian Peninsula” known as AQAP, [...]

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By Collin Eaton | Via FuelFix.com Oil prices eased down early Thursday after the Saudi Arabia-led cartel of oil-exporting nations said its members boosted daily crude production by 810,000 barrels last month. The Organization of the Petroleum Exporting Countries also predicted output from U.S. oil fields would stall out and eventually fall later this year [...]

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BY ROBERT GIBBONS | Reuters Crude oil prices jumped to fresh 2015 peaks on Thursday, turning higher on news that a tribal group made up of former Al Qaeda militants took control of a major southern oil terminal in Yemen. The terminal is one of the major hubs for the Hadramout region exporting an average of 120,000 [...]

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Oil Prices Fall on Rising OPEC Production

On April 16, 2015 - 10:37 AM By

By NICOLE FRIEDMAN | The Wall Street Journal Oil prices slipped Thursday after the Organization of the Petroleum Exporting Countries confirmed that its production rose in March. Light, sweet crude for May delivery recently fell 66 cents, or 1.2%, to $55.73 a barrel on the New York Mercantile Exchange. Brent, the global benchmark, fell 78 [...]

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By Suzanne O’Halloran | Fox Business Don’t be surprised if it costs you more money to fill your gas tank on Thursday warns Michael Green, spokesperson at AAA. “There is a good chance that many drivers will wake up to higher gas prices” following the big spike in oil this week, he said. Green notes “it’s [...]

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Tomorrow, Friday, April 17th is the First Notice Day for the May ICE Cocoa in NY. Anyone LONG the May ICE COCOA that morning will be at risk of taking delivery. To avoid the possible risk of taking delivery, we ask that you please roll or liquidate your May ICE Cocoa LONG positions by the [...]

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