by MARITA NOON | Breitbart All of us loved less-than $2 a gallon at the pump. AAA reports: “Americans paid cheapest quarterly gas prices in 12 years”—which resulted in savings of nearly $10 billion compared to the same period last year. However, oil (and, therefore gasoline) has been creeping upward since the February low—topping $45 […]

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Morning Grains. 5/2/16

On May 2, 2016 - 11:15 AM By

DJ CBOT Delivery Intentions: Totals – May 2
Source: CME Group
Contract Quantity Next Trade
Commodity Month Delivery Day Assigned Today Date Available
SOYBEAN OIL May. 03, 2016 2851 Apr 28, 2016
ROUGH RICE May. 03, 2016 145 Apr 29, 2016
KC HRW WHEAT May. 03, 2016 761 Apr […]

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Morning Softs. 5/2/16

On May 2, 2016 - 11:11 AM By

COTTON
General Comments: Futures turned sideways last week. It looks like some strong selling interest has been found above 6500 July as the market has not really been able to move above that level. Demand for US Cotton has slowed in the last couple of weeks as the last couple of export sales reports […]

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 The Nikkei extends the selloff do to the Bank of Japan’s inaction on the rallying yen prices. The selloff however did not spill over to the U.S. stocks so far. We have a busy day with reports and the rest of the week is no different. Starting at 9:00 A.M we have Construction Spending and […]

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Oil Swell. The Energy Report 5/2/16

On May 2, 2016 - 9:26 AM By

Crude oil ended the month of April with the strongest monthly gain in 7 years, adding 22% to the price. The low price caused “production destruction” and strong demand put the market on a trajectory of market balance. A study by Wood Mackenzie expects to see $91 billion in cap ex cuts across 121 upstream […]

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Morning Softs. 4/29/16

On May 2, 2016 - 9:20 AM By

COTTON
General Comments: Futures were lower on weaker export sales. The export sales report was disappointing for those looking for a demand reason to buy futures. Certified stocks are increasing, a sign of increased producer selling and a lack of demand in the cash market.. Ideas of good demand for the market are still […]

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Morning Grains. 4/29/16

On May 2, 2016 - 9:16 AM By

DJ CBOT Delivery Intentions: Totals – Apr 29
Source: CME Group
Contract Quantity Next Trade
Commodity Month Delivery Day Assigned Today Date Available
SOYBEAN OIL May. 02, 2016 660 Apr 05, 2016
ROUGH RICE May. 02, 2016 343 Apr 27, 2016
KC HRW WHEAT May. 02, 2016 1000 Apr […]

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Rigs and Rain. The Energy Report 4/29/16

On April 29, 2016 - 9:28 AM By

Oil prices continue to rise as the market prepares for another drop in the U.S. rig count and floods in the Gulf of Mexico could slow U.S. oil imports. This comes as Exxon Mobil and Chevron report earnings and no doubt more capital spending cuts in a historic retrenchment in the oil complex. Gulfport, Mississippi […]

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A lot of news today with more earnings and with those earnings we will be watching Exxon Mobile, Chevron and Conoco Phillips which should not paint a pretty picture of the current state of the U.S. economy. While we will have scores of other earnings we also have reports at 7:30 A.M. Employment Cost Index […]

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Starting at 7:30 A.M. we start the day with 1st Quarter GDP, weekly Export Sales and Initial Jobless Claims. At 9:30 the weekly EIA Gas Storage and earnings coming in by the bushel. Speaking of bushels on the Corn front the May Corn is currently trading at 381 ½ which is ¾ of a cent […]

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Oil Rush. The Energy Report 4/28/16

On April 28, 2016 - 7:25 AM By

Oil prices surged again as U.S. oil production fell for the seventh week in a row and global central bankers seem a little more upbeat. With the Federal Reserve changing the wording removing “risks” from their statement and Japan’s central bank holding fire, the demand expectations have changed dramatically from just a few months ago […]

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Oil Sets Another 2016 High

On April 27, 2016 - 2:26 PM By

By Christian Berthelsen and Georgi Kantchev  U.S. oil prices set another 2016 high Wednesday, even after U.S. data revealed a jump in stored domestic crude stockpiles. Weekly data from the U.S. Energy Department showed an increase in stored supplies of nearly 2 million barrels. The U.S. contract dropped more than 2%, falling into negative territory […]

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