[Allen Sykora, Kitco News] The recent retreat in gold prices probably is not over, with the Federal Reserve sending a message to markets that policymakers are not done hiking interest rates just yet, analysts said. Views are more mixed on whether a further decline is a correction or something more ominous, such as an outright […]Continue Reading →
[Ed Adamczyk, UPI] Turkey’s threat to close a Kurdish oil pipeline, potentially disrupting production of one half million barrels per day, sent global crude prices upward on Wednesday. Turkish President Recep Tayyip Erdogan made the threat after residents of northern Iraq’s Kurdistan voted overwhelmingly for independence in a non-binding referendum. He proposed to close Kurdistan’s […]Continue Reading →
DJ September U.S. Wheat Production Estimates — Survey
New York–The following are analysts’ estimates for 2017 U.S. wheat production, as compiled by The Wall Street Journal. The U.S. Department of Agriculture is scheduled to release updated production forecasts at noon on Friday.
2017 Wheat Production
Average Range August 2016
General Comments: Cotton was lower, but prices remain in a trading range overall. Some position squaring was seen before the end of the month and end of the quarter. Conditions ratings were marginally lower and the harvest progress is slightly ahead of the average to cause some of the selling. The harvest ahead […]
With harvest starting to move at full tilt cooler temperatures and shortages in the Diesel market will take center stage. The EPA is seeking a proposal to reduce biodiesel blending requirements for 2018. Other news with the Corn Syngenta AG has agreed to pay $ 1.5 billion to resolve lawsuits stemming from its decision to […]Continue Reading →
The lower for longer oil price outlook is being put to the test as rising global demand and disappointing shale portion numbers are proving once again that the best cure for low prices are low prices. The surge in demand growth will soon erase the global oil glut as we are probably headed towards a […]Continue Reading →
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