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By Sholom Sanik |
May 20, 2013
The month of May started out on a strong economic footing, and the Treasury market began what would be a multi-week selloff. On May 15, the first of the bad headlines hit the wires. Now what for U.S. 30-year bonds?
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By Sholom Sanik |
May 15, 2013
Copper prices fell to a two-year low earlier this month. The other London-traded base metals followed a similar pattern. In what we view as merely extremely oversold conditions, copper staged a mighty 10% rally.
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By Sholom Sanik |
May 10, 2013
Concerns are that the late corn planting could result in some yield loss, and in some regions, the planting window could close completely, forcing farms to plant soybeans or cotton instead.
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By Sholom Sanik |
May 8, 2013
It’s quite possible that global cotton usage is in perpetual decline. The global recession certainly affected cotton demand, as it did for most every commodity, but cotton lost market share to synthetic fibers as well.
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By Sholom Sanik |
May 2, 2013
Palladium may be rare, but it is not a precious metal. While volatility in gold prices may affect palladium prices in the short term, palladium should not be beholden to the broad precious metals investment climate.
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By Sholom Sanik |
April 25, 2013
The recent activity in the cocoa market can be best described as counterintuitive. The market has rallied sharply for no apparent reason.
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By Sholom Sanik |
April 19, 2013
The April USDA crop report presented a bearish picture for the global wheat market, reaffirming the steep slide in prices we’ve seen over the past six months. With the 2012-13 marketing year drawing to a close, analysts were expecting a featureless report.
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By Sholom Sanik |
April 5, 2013
The USDA reported March 1 corn stocks at 5.398 billion bushels, close to 400 million bushels above the average of analysts’ guesstimates. That was a huge miss.
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By Sholom Sanik |
March 22, 2013
U.S. soybean ending stocks for the 2012-13 marketing year are estimated at 125 million bushels (3.4 million tonnes), or 4% of consumption. That would be the lowest level in history.
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By Sholom Sanik |
March 18, 2013
Last year’s drought resulted in a U.S. corn crop that was 25% smaller than farmers’ planting intentions. Which means there is no room for anything but a picture-perfect U.S. crop this year.
