[Myra P. Saefong, MarketWatch] WTI oil settle 3.3% higher Tuesday OPEC members can’t take all the credit for oil’s rally Tuesday, which saw prices score their biggest single-session gain of the year. News of cuts to oil-and-gas exploration spending and signs of a potential slowdown in U.S. output also played roles in the bullish shift […]Continue Reading →
Late last week the headlines rang out “JUICE IS FREE !!!!”. Orange juice immediately dropped 20 cents on that news. OK just kidding folks, that’s just how my warped brain thinks. But remember other OJ, 3 strikes and you’re out.
Metals: Fed inaction on interest rates continues to weaken the US Dollar which has […]
DJ USDA Grain Inspections for Export in Metric Tons – Jul 24 COUNTRY OF DESTINATION IS REPORTED AS KNOWN AT THE TIME OF EXPORTATION. INFORMATION CONTAINED IN THIS REPORT REFLECTS EXPORTED GRAIN INSPECTED AND WEIGHED THROUGH GIPSA’S AUTHORITY UNDER THE U.S. GRAIN STANDARDS ACT. NO ADDITIONAL ANALYSIS, COMPILATIONS OR DATA IS AVAILABLE. GRAINS INSPECTED AND/OR […]Continue Reading →
COTTON General Comments: Cotton was slightly lower yesterday in consolidation trading. After the close, USDA showed crop deterioration due mostly to bad weather conditions in the Texas Panhandle and into the Southwest and Far West. The market is still trying to complete a bottom on the daily charts. Weather forecasts call for hot and dry […]Continue Reading →
Today we start the day with Consumer Confidence at 9:00 A.M., API Energy Stocks at 3:30 P.M and the FOMC Meeting today and tomorrow. On the Corn front the USDA Crop Progress was not exactly glowing with Corn good to excellent rating down 2% at 62% with Silkings at 67% up 27%. Traders still seem […]Continue Reading →
Oil prices are on the rise as Saudi Arabia pledges to reduce oil exports and the fact that US shale pains are becoming more obvious to the market. Halliburton is warning that the US oil rig count is about to plateau or “peak shale” which we predicted in my recent energy webinar and for an […]Continue Reading →
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