[Carolyn Davis, NGI] Tropical Storm (TS) Nate, gaining steam as it headed north toward an expected landing on the northern Gulf Coast, had by Friday morning reduced natural gas production from the offshore to a five-year low of 1.3 Bcf/d, according to Genscape Inc. Exploration and production companies and pipeline operators in Nate’s path were […]Continue Reading →
[Matthew Rocco, Fox Business] Tropical Storm Nate, which is expected to reach hurricane strength by the time it makes landfall along the Gulf Coast, could disrupt U.S. oil and fuel supplies. The last major storm to hit the Gulf Coast had a far-reaching impact on oil producers, refiners and pipeline operators. Hurricane Harvey forced refineries […]Continue Reading →
Informa Report Highlights:
Informa est US 2017 corn yield near 170.5 vs USDA 169.9
Informa est US 2017 soybean yield near 50.0 vs USDA 49.9
Informa raised World 2017 corn crop 1.7 mmt due to higher US
Informa raised World 2017 wheat crop 2.35 mmt due to higher FSU
General Comments: Cotton was lower as Tropical Storm Nate has formed off the coast of Central America. It ould became a hurricane before hitting the southern US starting Sunday. However, it is not expected to be very damaging to crops. Ideas are that the current weather is good for maturing crops and harvest […]
We kick off this Friday morning with the monthly Unemployment data and Wholesale Trade at 7:30 A.M. followed by Consumer Credit at 2:00 P.M. Investors are weighing in on the threat of Tropical Storm Nate which is on the minds of investors bringing back the reality of fundamentals to the Crude Oil market. Nate’s current […]Continue Reading →
Tropical Storm Nate is going to future reduce crude oil supply as it shuts down some production in the Gulf of Mexico. This comes as Russian President Vladimir Putin says he is in favor of extending the OPEC/ NON-OPEC productions as we see more signs that U.S. shale oil output will fall back even as […]Continue Reading →
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