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Natural gas futures advanced for a fifth day in New York, the longest bullish streak since March, on forecasts for below-normal temperatures that would boost heating demand. Gas climbed as much as 1.1 percent as Commodity Weather Group LLC in Bethesda, Maryland, said colder-than-normal weather will blanket the eastern half of the U.S. through Nov. [...]
Continue Reading →Watch the latest video at video.foxbusiness.com Keystone Pipeline key to lowering oil prices? You can reach Phil Flynn at (888) 264-5665 or pflynn@pricegroup.com The PRICE Links Video Series gives you access to the minds of the industry’s top analysts that follow the markets you trade each day. Know directly what is happening in [...]
Continue Reading →DRY HEAT Ben Hunt (epsilontheory.com) sums up the FOMC announcement last week nicely. “What Bernanke signaled this week is that QE is no longer an emergency government measure, but is now a permanent government program. In exactly the same way that retirement and poverty insurance became permanent government programs in the aftermath of the Great [...]
Continue Reading →* U.S. jobless claims fall to near five-year low * U.S. crude stocks fall – EIA * Coming up: U.S. EIA crude stocks data; 1500 GMT By Anna Louie Sussman NEW YORK, Sept 5 (Reuters) – Oil futures rose on both sides of the Atlantic on Thursday as bullish U.S. economic data and a drawdown [...]
Continue Reading →Chinese demand, chart-based buying and short covering are all being cited as factors that helped gold surge to a nearly three-week high Monday despite a mostly stronger tone in the U.S. dollar. Some observers also cited softer-than-forecast Japanese economic data. Also, an inflow into the world’s largest gold exchange-traded fund on Friday was listed as [...]
Continue Reading →COTTON General Comments: Futures closed sharply higher on reports of very hot weather conditions in Chinese production áreas that could hurt yields. China buys a lot of US Cotton and might need to buy more if production there is hurt. US crops remain behind the normal pace. The poor planting conditions early in the year [...]
Continue Reading →Good Morning! With better than expected yields being seen as the markets timing is in the seasonable selloff mode. In the overnight electronic session the December Corn is currently trading at 486 ¼ which is ¾ of a cent higher. The trading range has been 488 to 483 ½ so far. The market broke 490 [...]
Continue Reading →COTTON General Comments: Futures were higher on strong export sales. Trends are mixed. Ideas of good weather for US crops are still around. Traders are worried about Chinese demand, but there is talk that overall demand increased on the moves lower last week. US economic data has been improving, but mixed. The weather has improved [...]
Continue Reading →HE’S GOT A WAY He’s got a way about him I don’t know what it is but the euro can’t soar without him! Mario Draghi the magic man that proves time and time again that words are more powerful than the sword. The ECB chief without doing anything charmed the global markets like the Pied [...]
Continue Reading →Good Morning! Cooler temperatures we are realizing in the Midwest and forecasted for the week to come while the Plains and Southern states are experiencing hot temperatures. In the overnight electronic session the July Corn is currently trading at 651 ½ which is 4 ¼ cents lower. The trading range has been 655 ¾ to [...]
Continue Reading →COTTON General Comments: Futures were lower again on demand concerns and ideas of good weather for US crops. Speculators were said to be the best sellers and were said to be liquidating long positions. Traders are worried about Chinese demand as the economy thereshows signs of slowing down. US economic data has been improving, implying [...]
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