DJ U.S. Total Prevented Acreage Data – Jan 16
U.S. acreage data for select crops reported as planted, failed and prevented
by farmers to the Farm Service Agency. Prevented acres is land
not planted due to poor conditions. Failed acres is land farmers planted
and abandoned. Farmers participating in various FSA […]
We jumpstart the day with Capacity Utilization and Industrial Production at 8:15 A.M. and API Energy Stocks at 3:30 P.M. delayed a day due to Monday’s holiday. I am expecting a draw in Crude Stocks of 2 million barrels. On the Corn front the market continues to move nowhere fast. In the overnight electronic session […]Continue Reading →
[Myra P. Saefong, MarketWatch] Oil prices finished lower Tuesday, pulling back from three-year highs as traders awaited data due later this week on U.S. crude supplies and production. February West Texas Intermediate crude CLG8, -0.20% fell 57 cents, or 0.9%, to settle at $63.73 a barrel On the New York Mercantile Exchange. Prices had settled Friday at $64.30, the highest […]Continue Reading →
The Energy Information Administration(EIA) releases another EIA Drilling Activity report that raises its estimates for shale oil production without considering the realities on the ground. According to the report, EIA says that U.S. shale oil production will increase by 111,000 barrels a day to 6.55 million barrels a day in February next month and that production […]Continue Reading →
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