Currently viewing the tag: "Energies"

Christine Buurma | BloombergBusiness Natural gas futures headed for a second straight weekly decline on forecasts for cooler weather that would limit power demand after a Northeast heat wave. Temperatures may be mostly average or below normal in the eastern and central U.S. through June 2, according to Commodity Weather Group LLC. Gas stockpiles climbed [...]

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This morning at 7:30 A.M. we have Export Sales and another take on the 1st quarter GDP followed by Chicago PMI at 9:00 A.M. According to AP’s Martin Crutsinger for the second straight year brutal weather in January-March quarter. Also a reeling energy sector and an export slump do to a higher-valued U.S. dollar.   [...]

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Defeated? The Energy Report 5/29/15

On May 29, 2015 - 7:14 AM By

Is OPEC going to wave the white flag in the war with the U.S. shale producers? OPEC, in a report obtained by Reuter’s News, says that spite OPEC best efforts to squash U.S. shale production they expect that crude supply from rival non-OPEC producers, led by the U.S., “will grow until at least 2017”. This [...]

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With plantings ahead of schedule and quite a bit ahead of the 5 year average we still have to contain with Mother Nature. Rains and cooler temperatures are forecasted in the Corn growing regions Friday and throughout the weekend. In the overnight electronic session the July Corn is currently trading at 351 ¼ which is [...]

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Showdown. The Energy Report 5/28/15

On May 28, 2015 - 7:25 AM By

Oil prices are at a critical juncture after the U.S. dollar hit a one month high against the Euro and a 12 year high against the yen as traders looked for safe haven on fears that Greece might default and worries that the Fed might be closer to raising interest rates that we thought just [...]

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In the overnight electronic session the July Corn is currently trading a little weaker at 353 ½ which is 1 ½ of a cent lower. The trading range has been 356 ½ to 353 so far. Rains have helped some dry growing areas adding further pressure to the market. On the Ethanol front there were [...]

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U.S. Treasury Secretary, Jack Lew, is saying that one of the biggest risks to the global economy may be an “accidental crisis”. He is warning that Greece and its creditors must reach an accommodation as it is casting a pall over the global market place. It defiantly cast a pall over the energy complex as [...]

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BY ROBERT GIBBONS | Reuters Oil prices fell 2 percent on Tuesday as the dollar’s sharp rally weighed on dollar-denominated crude oil futures along with concerns that a recent rally might keep U.S. producers active. The U.S. dollar index rallied as Greece’s financial crisis and signs of increasing opposition to austerity in Spain pressured the [...]

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Financials: June Bonds are currently 27 higher at 154’20, 10 Yr. Notes 9.5 higher at 127’18.5 and 5 Yr. Notes 3.5 higher at 119’24.5. Sept. Bunds are 65 higher at 154.18. Janet Yellens talk last Friday can be interpreted as saying the Fed will not raise rates in June but the possibility exists that rates [...]

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As I did my Memorial Day tour of Northern Illinois and Southern Wisconsin I saw firsthand how plantings are way ahead of schedule. The Corn is done as far as plantings but the progress in Soybeans really impressed me. This leads to a weather market in the early going. In the overnight electronic session the [...]

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Oil Prices are fighting exceptional strength in the dollar as fears about a Greece default rise, hotter than expected core CPI number that seems to be taking precedent over falling U.S. rig counts that fell for a historic 24 weeks in a row. Maybe it is because Baker Hughes reported that the rig count cut [...]

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CBS Chicago | You’ll find you’re paying more for gasoline when you hit the road this holiday weekend. You’ll also find more of something else during your travels, CBS 2’s Jeremy Ross reports. Regular unleaded is $3.04 a gallon in Chicagoland. The national average is $2.73, according to AAA Motor Club. The cost, of course, [...]

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