Merry Christmas: Gas Prices At Five-Year Low

On December 22, 2014 - 11:47 AM By

CHICAGO (CBS) – Drivers preparing to hit the roadfor the holidays were being greeted with a lovely Christmas gift this week: gas prices hovering at a five-year low. “It’s a nice Christmas present for most of America,” said Phil Flynn, senior energy analyst at The Price Futures Group. The Lundberg Survey found gas prices have plunged 25 [...]

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Morning Grains 12/22/14

On December 22, 2014 - 11:40 AM By

DJ China Dalian Grain Futures Closing Prices, Volume Soybean No. 1 Turnover: 84,952 lots, or 3.74 billion yuan Open High Low Close Prev. Settle Ch. Vol Open Settle Interest Jan-15 4,618 4,618 4,577 4,586 4,625 4,590 -35 22,890 93,596 Mar-15 – – – 4,358 4,358 4,358 0 0 116 May-15 4,335 4,339 4,317 4,322 4,328 [...]

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Morning Softs 12/22/14

On December 22, 2014 - 11:37 AM By

COTTON General Comments: Prices continue to trade in a sideways fashion, but is starting to show signs that a seasonal bottom has been found. Support came in part from news late last week that both USDA and Informa expect less US planted area for the coming crop. The low US prices are making producers think [...]

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The Winter Solstice Is Upon US which means pitchers and catchers report to spring trading in about three months. In the overnight electronic session the March Corn is currently trading at 410 which is ½ of a cent lower. The trading range has been 410 ¾ to 408 ½ so far. The Russian Wheat export [...]

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Let It Flow. The Energy Report 12/22/14

On December 22, 2014 - 7:43 AM By

Oh the oil price drop is frightful but the gas price so delightful. Since OPEC share is low, they let it flow, let it flow, let it flow. The gas price keeps on dropping, even though Friday was popping. The oil demand is real low. Let it flow, let it flow, let it flow. They [...]

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The follow-through from Wednesday’s dovish FED statement just proves you can’t confuse brains with a bull market in which everybody’s money is in stocks. But when will the party end? I know one thing for sure we are not far away from closing time. In the overnight electronic session the March Corn is currently trading [...]

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Financials: Mar. Bonds are currently unchanged at 143’24, 10 Yr. Notes 3.5 higher at 126’19 and the 5 Yr. Note 3 higher at 118’27.5. All I can do is plant an idea on these markets. I feel that the yield curve is about to steepen and am going to be focusing on the long 10 [...]

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Oil fails to hold a rally as Russian president Vladimir Putin says get ready for $40 a barrel oil and oil traders did. Putin in his marathon press conference yesterday that left many wondering what is less stable, Putin or the Russian economy?  The President stayed defiant against the West as the Russian economy continues [...]

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  Behind The Scenes With Fox Business Network Producer Ellie Heckman! [PRICE Links Video] Recorded 12/18/14 Learn More about the Rogers International Commodity Index® (RICI®) You can reach Phil Flynn at (888) 264-5665 or pflynn@pricegroup.com View All of the PRICE Links Videos The PRICE Links Video Series gives you access to the minds of the [...]

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Tomorrow, Fri Dec 19th is the Last Trading Day for the Jan Crude Oil LT in NY, Dec 30Yr Bonds, Dec 10Yr Notes, Dec Ultra Bonds and Dec Single Stock Futures.  The Dec 30Yr Bonds, 10Yr Notes & Ultra Bonds stop trading at 12pm CST tomorrow.  The other markets stop trading at their normal time.  [...]

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By Moming Zhou | BloombergBusinessweek Crude oil resumed its slide toward the lowest level in five years on concern a supply glut will worsen. Trading volatility for both Brent and West Texas Intermediate increased to a four-year high. Saudi Arabia, the largest producer in OPEC, will stick to its policy to maintain output, Oil Minister [...]

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By Oheneba Ama Nti Osei | The Africa Report The Africa Report reviews trends in the commodity sector to see which prices will rise and fall in the year ahead, as forecasts point to a global oil surplus. The price of oil in 2015 depends on how high the US can ramp up its shale [...]

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