From the monthly archives: December 2017

We kickoff Friday’s trading session with Capacity Utilization and Industrial Production at 8:15 A.M. and the National Oilseed Processors Association (NOPA) Crush at 11:00 A.M. On the Corn front my colleague Jerry Gidel visited central and southwest Illinois and went as far south as Cape Girardeau Missouri. In parts of the Shoe Me State we […]

Continue Reading

Bubblenomics. The Energy Report 12/15/17

On December 15, 2017 - 7:18 AM By

Santa baby, slip a little bitcoin under the tree for me. Bitcoin futures debuts at the CME Group on Sunday night just as one report suggests that the cryptocurrency may be the biggest bubble of all time. According to a story on MarketWatch, the co-founder of Convoy Investments, Howard Wang said that the speculative gains […]

Continue Reading

Janet Yellen’s swan song or last hurrah as Fed Chief raised Interest Rates ¼ which was anticipated and the verbiage ahead of the new Fed Chair Jerome Powell told a story that the Fed will raise rates only 4 times in 2018. I think that is a stretch, barring any black swan event I will […]

Continue Reading

Financials: March Bonds are currently 7 lower at 153’15, 10 Yr. Notes 5.5 lower at 124’14.0 and 5 Yr. Notes 4.5 lower at 116’13.5. Yesterday the Fed, as expected, raised rates by 25 basis points. In their comments it is perceived that 2018 will bring 3 rate hikes of 25 basis points. The reaction was […]

Continue Reading

Gas Crazy. The Energy Report 12/14/17

On December 14, 2017 - 7:17 AM By

Refiners jingle bell rocked out gasoline production to an astounding 10.129 million barrels a day! That exceeded the Energy Information Administrations (EIA) implied gasoline demand number that came in at 9.091 million barrels, apparently up from last week’s Thanksgiving report where most people supposedly stayed home. The production over demand led to 5.7 million barrels […]

Continue Reading

Busy Day ahead with CPI and Real Earnings at 7:30 A.M., EIA Energy Stocks at 9:30 A.M., Janet Yellen last Fed Meeting with decision of raising Interest Rates and how much? We also have Dairy Product Sales at 2:00 P.M. Reuters News reported yesterday that the White House will host talks between the rival Oil […]

Continue Reading

Its beginning to look a lot like rate hikes, everywhere you go! Look at the five and ten’s, yields rising once again as Fannie Mae and banks arrange more loans. It’s beginning to look a lot like Fed Day! Traders on the floor. And they all pretty much agree that it will be higher rates […]

Continue Reading

Busy day starting with Producer Price Index (PPI) at 7:30 A.M. followed by the last Crop Production USDA Supply/Demand report of 2017 at 11:00 A.M., API Energy Stocks at 3:30 P.M and the FOMC meeting today and tomorrow in which investors see the writing on the wall and are gearing for a rate hike. On […]

Continue Reading

Forties is down till Christmas, in the old North Sea, it will slow those oil flows into Scotland’s refineries. Christmas will find price hikes, all the way downstream. Forties is down till Christmas and the oil price will scream. Ho Ho Ho. A shut down of the major Forties pipeline, a major artery in the […]

Continue Reading

Brent oil settles at a more than 2-year high

On December 11, 2017 - 5:23 PM By

[Myra P. Saefong & Sarah McFarlane, MarketWatch] WTI crude prices get a boost from demand expectations. Prices for Brent crude, the global benchmark, rallied Monday to their highest settlement since mid-2015 following reports that a major North Sea pipeline will be shut down for weeks to repair a leak. U.S. oil prices, meanwhile, finished at […]

Continue Reading

AgMaster Report 12/11/17

On December 11, 2017 - 2:36 PM By

JAN SOYBEANS Stellar exports & dryness in Argentina & S Brazil drove Jan Beans to 4 ½ month highs early Tues but once again, the mkt failed to hold gains over $10 – retreating late week for a 989-weekly close!  While the mkt was only 5 cents lower for the wk, it was a sizeable […]

Continue Reading

[Joseph Woelfel, TheStreet.com] Here are three things you must know at midday on Monday, Dec. 11: 1. — Investors were rattled early Monday after the New York City Police Department confirmed that an explosion at the Port Authority in New York was a “terror-related incident.” But Wall Street proved resilient, with stocks trading higher after a muted start to […]

Continue Reading