Oil Settles at Two-week Highs

On February 22, 2018 - 3:39 PM By

[George Orwel, DTN] New York Mercantile Exchange spot-month oil futures settled at two-week highs Thursday afternoon, rallying across the board following the release of bullish data from the U.S. Energy Information Administration. The data showed an unexpected stock draw for crude, with the upside also lent support by a rally for equities. “This was an […]

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Equities: The Anomaly That Was 2017 Let’s face it, the performance of equities to the upside last year was a surprise by just about all accounts. And downright baffling at times. For example, on November 28, 2017 North Korea launched a missile and the Dow settled the day at record highs. But as we closed […]

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We kickoff Washington’s Birthday with Jobless Claims at 7:30 A.M., EIA Gas Storage at 9:30 A.M., EIA Energy Stocks at 10:00 A.M., Cold Storage Annual Report and Dairy Product Sales at 2:00 P.M. Yesterday’s FED minutes further sparked a charge in the Stock Market only to be debunked after the 5-year T-Note auction with yields […]

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AGMASTER 02/22/18

On February 22, 2018 - 9:15 AM By

In the past 6 trading days, Mar Beans have exploded for a 60 cent gain (low to high) Making new contract highs along the way! The main catalyst has been Argentina weather – Too dry & too hot – which has steadily ratcheted down the crop estimate of Argentine Beans. This sudden upside move is […]

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Financials: Mar. Bonds are currently 15 higher at 143’05, 10 Yr. Notes 4.5 higher at 120’11 and 5 Yr. Notes 2 higher at 114’04.7. Not much has happened week over week, but on a daily basis Treasuries made new recent lows with Bonds trading as low as 142’14. Yields edged slightly higher with the 10 […]

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Rate Rattle. The Energy Report 02/22/18

On February 22, 2018 - 7:09 AM By

Oil prices are getting rattled as the fear that rising interest rates will slow down surging U.S. and global demand. High yielding auctions and Fed minutes, that stated the obvious, was enough to send stocks and oil and the ten-year note on a wild ride. At first the market took the Feds promise of gradual […]

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Phil Flynn Discusses the USDA Annual Grain Forum with Jerry Gidel and his thoughts on the pricing predictions for 2018/2019 US crops.

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The MoneyShow Orlando 2018

On February 21, 2018 - 12:07 PM By

It was great seeing so many of you at the Orlando MoneyShow. Really it seems that we are always speaking at the show at critical market times and this was no exception! Not only was the stock market on a wild correction, the global oil market has begun a new exciting era. If you were unable […]

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Marcelo Teixeira with Thomson Reuter’s reports that on Tuesday, FS Bioenergia announced a joint venture between Brazilian and U.S. based investors to build its second Corn-based Ethanol plant in Brazil’s top grain-producing state of Marto Grasso. FS Bioenergia, first venture to build a 100% Corn based Ethanol plant in Brazil. With Corn prices as low […]

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Peak Freaks. The Energy Report 02/21/18

On February 21, 2018 - 7:08 AM By

10 years ago, the market was fretting, everyone was worried about ‘peak oil” and now it is peak demand. Instead of the world on a collision course of fighting over the last drop of oil now it seems that we have turned the world upside down and now we are seeing predictions that oil demand […]

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After a long weekend we are back in the saddle today starting with Export Inspections at 10:00 A.M. But released late Friday may be the  news in the big picture in today’s trading session after Commerce Secretary Wilbur Ross was quoted, “ found that the quantities and circumstances of Steel and Aluminum imports threaten to […]

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Shale Swings. The Energy Report 02/20/18

On February 20, 2018 - 9:04 AM By

WTI oil prices are gaining on Brent as strong U.S. demand and Canadian pipeline issues tighten U.S. oil supply even further. This comes as OPEC comments suggest that they are still fully committed to keeping production cuts in place until the end of 2018, along with their NON-OPEC co-conspirators and even suggesting that the deal […]

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