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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 Jack Scoville |
April 19, 2013
Cocoa closed mixed, with New York generally a little higher and London generally a little lower. The European grind data was less than last year and hurt the price action yesterday.
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By Mark Shenk, Bloomberg |
April 18, 2013
West Texas Intermediate crude rose from a four-month low on signals that recent losses were exaggerated and as Spain sold more debt than planned.
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By Jim Snyder, Bloomberg |
April 18, 2013
TransCanada Corp.’s new route for its Keystone XL pipeline, aimed at easing residents’ concerns, drew some of the same complaints at a hearing from activists and Nebraska landowners who said it remained a threat to land and water.
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By Jack Scoville |
April 18, 2013
Sugar closed lower in range trading. Traders are keeping an eye on developments in Brazil. Talk that rain in production areas last week was hurting harvest progress was bullish, but the weather there is drier this week.
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By Jack Scoville |
April 17, 2013
Coffee was higher as outside markets held better. London was higher and shows signs of completing a bottom. Spreads have been firm, implying the market has demand and less offer.
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By Simon Kennedy and Steve Matthews |
April 16, 2013
The slump in gold may hand activist central bankers more reasons to pursue continued easy monetary policy.
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By Jack Scoville |
April 16, 2013
Cotton was lower in response to disappointing economic data from China. USDA showed slow planting progress in its reports today as weather remains a big issue.
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By Phil Flynn |
April 16, 2013
Oil seems to be trying to find its bottom near $86.00 but it is far from solid. We should see a lot of volatility, but we should try to hold near $86.00 as a bottom.
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By Jack Scoville |
April 15, 2013
Orange juice closed a little higher as some delayed buying related to the USDA production data appeared. USDA dropped production estimates by another 1.0 million boxes in its reports as expected by the trade.
