[Jessica Summers, Bloomberg] Oil skidded to its lowest level in more than a week as rising U.S. production stirred worries of persistent brimming supplies. Futures settled 1.1 percent lower in New York, reversing an earlier creep toward $50 a barrel during the session. While a decline in U.S. inventories and a rise in gasoline demand […]Continue Reading →
• 03-Aug-2017 03:00:25 AM – UN FAO WORLD FOOD PRICE INDEX AVERAGES 179.1 IN JULY, UP 2.3 PCT FROM JUNE
World food prices rise 2.3 pct in July – UN FAO – Reuters News
03-Aug-2017 03:13:09 AM
ROME, Aug 3 (Reuters) – World food prices rose 2.3 percent in […]
General Comments: Cotton was higher on worries about growing conditions in Texas and the southwest and also in other world production areas. Futures have finally moved above some important resistance areas on the charts, and trends are up again. The temperatures should be more moderate in Texas, but it will still be mostly […]
Financials: Sept. Bonds are currently 15 higher at 154’21, 10 Yr. Notes 4 higher at 126’07.5 and 5 Yr. Notes 2 higher at 118’08.5. Yesterday’s ADP private jobs number came in at 178K, slightly below expectations of 180K. This number usually correlates closely with the monthly Unemployment Report of which guesstimates so far reflect an […]Continue Reading →
Even after yesterday’s slight bounce after Tuesday’s bloodbath in the Grain Complex Intl FC Stone projection of Corn and Soybean yields and bushel per acre that was a far cry from the USDA July estimate was not enough to stop the bleeding. The news put a temporary hold on selling pressure, but the finger was […]Continue Reading →
There is something good going on in the global economy and that is translating to higher demand and higher prices for oil. While short-sighted and economically challenged people always think the lower price for energy the better, fail to grasp the realities of global trade and the real economics of production. With US gas demand […]Continue Reading →
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