Currently viewing the tag: "Energies"

Financials: Sept. Bonds are currently 5’06 higher at 171’09, 10 Yr. Note 2’07 higher at 133’01, 5 Yr. note 1’10 higher at 122’08 and June 2017 Eurodollars 20 higher at 99.26. Even at these prices the market is substantially off of overnight highs in the flight to quality after the surprise Brexit vote to leave […]

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Brexit Bash. The Energy Report 06/24/16

On June 24, 2016 - 8:02 AM By

Oil prices got bashed as the UK shocked the world by voting to leave the EU. The bookies had it wrong and the reverberations were felt around the world.  Gold surged to a 2 year high. The Dollar had the biggest one day up move since the Iranian revolution in 1978. And oil tanked as […]

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Share the wealth did not appease the voters confidence to stay the course and not walk away from the European Union. What we did see and should have taken into account was the chink in the armor last year when Greece was seeking an exodus. The idea that all these nations could get together and […]

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The storms more than lived up to expectations with a light show of lightning, heavy rains, wind, hail, floods and tornado. We will be assessing the crop damage in the coming days. In the overnight electronic session the July Corn is currently trading at 390 ¼ which is 2 ¾ cents lower. The trading range […]

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Oil prices sold off on Brexit fears and discrepancies on total oil supply between the Energy Information Administration Supply Report (EIA) and the American Petroleum Institute (API) report. This happened despite falling U.S. oil production and record breaking gasoline demand. The EIA reported crude oil fell by only 900,000 barrel last week. That was a […]

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Morning Softs. 06/22/16

On June 22, 2016 - 9:10 AM By

COTTON
General Comments: Cotton closed lower on better tan expected crop condition ratings from USDA. The hot and dry weather has not affected the Morning Softs crops much year. Deliveries are just a round the corner Deliveries could be bigger as the deliverable stocks keep getting bigger. Cotton is a hearty crop, but the […]

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Bloomberg via Financial Review | Oil dropped from the highest close in more than a week as markets awaited US stockpile data, while the UK referendum on European Union membership remained too close to call. Futures slid 1.1 per cent in New York after settling at the highest level since June 9 on Monday. US crude inventories […]

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Sometimes bookies come in handy. According to the bookies in London, the odds of the UK staying in the EU is over 80%. While the bets against a Brexit seem to be gaining momentum, the oil market is grappling with a surprise drop in supply and potentially more supply risk in Nigeria. The American Petroleum […]

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As investors prepare for more testimony to Congress from Janet Yellen and the Brexit vote tomorrow pressured Crude Oil to close lower on the day at yesterday’s 1:30 close. A bullish API inventory number has the market trading above $50 a barrel. In the overnight electronic session the August Crude Oil is currently trading at […]

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Today and tomorrow Janet Yellen will give her semi-annual testimony and on Thursday we have the Brexit vote. Arrgh! What else can you throw at a market that is destined to trade with follow through and very excellent bid offers and now investors are nervous once again. I only wish these politicians in Congress could […]

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The front month natural gas contract hit a new high for the year just as the summer solstice was about to begin. Record high temperatures in southern California and the American southwest are already raising fears about natural gas shortages. California is warning about emergency measures and talking about rolling blackouts and we have not […]

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Oil Ends the Day Higher

On June 20, 2016 - 4:03 PM By

By George Orwel, DTN Energy Report | NEW YORK (DTN) — New York Mercantile Exchange oil futures ended higher Monday afternoon as easing fear over an exit by Britain from the European Union pressed the dollar sharply lower. “The Brexit issue was a big part of the reason we have risk-on trade today because there […]

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