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By Jack Scoville |
June 18, 2013
Orange juice closed a little lower in consolidation trading. Futures have been working generally lower since the USDA crop reports last week as showers have been seen and conditions are said to have improved in almost the entire state.
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By Jack Scoville |
June 17, 2013
Cotton was mixed, with a lot of spreading and position liquidation noted as July deliveries start today. But, the USDA reports from last week kept the buyers interested on setbacks.
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By Jeanna Smialek, Bloomberg |
June 17, 2013
Confidence among U.S. homebuilders surged in June to the highest level in seven years, reflecting gains in sales as Americans rushed to take advantage of low mortgage rates.
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By Jack Scoville |
June 14, 2013
Cocoa closed lower on what appeared to be a lot of speculative long liquidation. There was not a lot of news for the market, and price action reflected this.
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By Joe Carroll and Edward Klump, Bloomberg |
June 14, 2013
The pioneers of America’s shale gas and oil revolution have done their work. Now it’s time for the factory crews to take over.
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By Jack Scoville |
June 13, 2013
Cotton was higher in reaction to the USDA supply and demand estimates that showed more demand and less ending stocks. It also cut production estimates due to poor weather in the South.
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By Jack Scoville |
June 12, 2013
Coffee was lower in New York on speculative selling tied to weakness in the Brazilian real, and weakness continued in London due to ideas of big supplies from producers, mostly from Vietnam.
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By Jack Scoville |
June 11, 2013
Orange juice closed higher in very light volume trading. Futures were still not able to take out recent highs as traders prepare for the reports on Wednesday.
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By Bob Van Voris |
June 10, 2013
Major oil companies were named in a lawsuit accusing them of manipulating the price of crude oil.
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By Jack Scoville |
June 10, 2013
Cotton was slightly lower in consolidation trading. Trends are mixed as traders look ahead to the USDA monthly updates that will be released Wednesday afternoon.
