Market Analysis

Wheat supplies are tight and getting tighter, driving prices to all-time highs, and yet non-U.S. buying continues. “Countries that passed at $6 and $7 dollars are now buying at $8. It has gone
As we head into October, hurricane season has been a nonevent from a supply standpoint and natural gas inventories are 10% higher than the five-year average. As a result, prices have collapsed since
With the uncertainty in the stock market and with mortgage based securities in shambles, 10-year Treasury notes have been a logical destination for those on a flight to safety, and since June, the
In December, European Central Bank President Jean-Claude Trichet said he was “closely monitoring developments,” language that has presaged rate increases. But he then waffled about a January hike. A
More and more corn is being allocated for ethanol production, and the proof is in the USDA’s ending stocks report, which came in at 935 million bushels. “Anything under a billion is friendly,” says
Thomas says demand fundamentals remain unchanged and he expects supplies to remain stable, balancing renewed efforts by the Russians to increase production against violence in Nigeria. “But long
Kansas City hard red wheat and Minneapolis spring wheat crops have suffered drought, late rains and high temperatures, pushing production down and futures prices up. But for Chicago wheat, growing
Natural gas has been an enigma. After rallying to all-time highs at the end of 2005, natural gas futures dropped 66% by July 10, despite the continued bull market in crude oil. And while it rallied
“Even though production is 6% to 10% over this time last year, October futures are trading around $6 to $7 [per hundred weight] higher,” he says, adding that forth quarter production should be just
With Iran refusing to abandon its nuclear aspirations, North Korea test firing intercontinental ballistic missiles, and Israel bombing the Beirut Airport while militants fired missiles into northern