(Kitco News) – Analysts are describing a policy statement from the Federal Open Market Committee Wednesday as mostly neutral for gold although perhaps mildly supportive in the short term. The market barely budged after the Fed communiqué was released at the end of its two-day meeting, with policy-makers continuing to taper the bond-buying program known [...]

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  Tomorrow, July 31st is the first notice day for ALL the AUGUST GRAINS & AUGUST METALS. Anyone LONG the August Grains and/or August Metals tomorrow morning will be at risk of delivery. To avoid this risk please roll or liquidate your August Grain and/or August metals LONG positions by today’s  close of business. _____________________________________________________ [...]

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By Lorenzo Ligato | NEW YORK, July 30 (Reuters) – Oil prices fell on Wednesday, with Brent leading the decline weakened by excess supplies in Europe and Asia, while U.S. crude pared gains despite a larger-than-expected drop in nationwide stockpiles. The oil markets moved hesitantly in midmorning trading after the U.S. Energy Information Administration said [...]

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Tomorrow, Thursday July 31st is the First Notice Day for the Aug Grains (Beans, Meal, Oil & Ethanol) and all the Aug Metals.  If you are LONG any Aug Grains and Metals tomorrow morning you will be at risk of delivery.  To avoid the possible risk of delivery we ask that you roll or liquidate [...]

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Morning Grains 7/30/14

On July 30, 2014 - 10:04 AM By

DJ China Dalian Grain Futures Closing Prices, Volume Soybean No. 1 Turnover: 78,470 lots, or 3.46 billion yuan Open High Low Close Prev. Settle Ch. Vol Open Settle Interest Sep-14 4,436 4,447 4,423 4,447 4,449 4,437 -12 4,192 84,810 Nov-14 – – – 4,413 4,413 4,413 0 0 170 Jan-15 4,406 4,420 4,374 4,419 4,428 [...]

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Morning Softs 7/30/14

On July 30, 2014 - 9:28 AM By

COTTON General Comments: Futures closed lower on the strong crop condition rati9ngs released by USDA Monday night that implied big production Demand remains a problem as China remains mostly out of the market. The lack of Chinese buying reflects in part the moves by the government to sell Cotton into the domestic market and to [...]

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Financials: Sept. Bonds are currently 16 lower at 138’14, 10 Yr. Notes 13 lower at 124’31 and 5 Yr. Notes 9 lower at 118’28’. GDP for 2nd quarter was up 4.0% better than the expected +3.0%. 1st quarter was revised to -2.1%. ADP private sector jobs report showed an estimated increase of 218K vs. a [...]

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API saw a bigger draw of oil inventories than we anticipated. The EIA will release these numbers at 9:30 this morning. The API data showed draws of 4.4 million barrels when we were expecting a draw of 3 million. Products added a measly 100 thousand barrels of Gasoline and ½ million barrels of Distillates when [...]

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The EU and the US are slapping sanctions on Russia and the trade is trying to calculate the hit on the global economy. The sanctions are supposed to target “key sectors” of Russia’s economy like banking, defense and most importantly energy. While many feel the impact is priced in and that the sanctions might have [...]

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  Today is the Last Trading Day for ALL the July Metals and Aug Natural Gas.  We ask that you do not wait until the last minute to exit these market. Thursday, July 31st is the First Notice Day for the Aug Grains (Beans, Meal, Oil & Ethanol) and all the Aug Metals.  If you [...]

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  Effective with the close of business Tues, July 29, the following CME group contracts margins are changing: Performance Bond Requirements on Agricultural Intra- and Inter-   Commodity Spreads can be found at the link below:     http://www.cmegroup.com/tools-information/lookups/advisories/clearing/files/Chadv14-296.pdf _____________________________________________________ Legend EH: Exchange Holidays | LT: Futures Last Trading Day | OE: Option Expiration Day [...]

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Knoxville, Tennessee (Platts)–28Jul2014/531 pm EDT/2131 GMT NYMEX August natural gas futures fell 3.4 cents to settle at $3.747/MMBtu Monday in somewhat choppy trading as the market consolidated ahead of Tuesday’s contract expiration. The contract started off the day in positive territory, trading nearly 7 cents above Friday’s close, then fell by midday, hitting a low [...]

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