Commodities
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Energies
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Oil may be nearing top as gasoline needs to account for demographics
With gold and silver capitulating and Treasury yield rising, oil will have to balance the bearish implications of the Fed talking about an exit strategy versus the disinflation that is...
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WTI oil targets $104 after erasing losses
The current shorter term time intervals in the crude market is showing a possible inverted head and shoulders formation that if fulfilled, projects that the market could continue the recent...
Grains
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Corn, soybeans, wheat watch planting pace, weather
The trade is watching how much crop is getting in the ground, as weather becomes a major factor in short-term price moves.
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USDA data turns bullish for corn, soybeans
Surprising USDA carryout estimate and planting expectations have given the bulls the upper hand in corn and soybeans.
Metals
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Platinum falls with gold despite media attention
Platinum is down big, trading down $28 to $1,457. Even though platinum is gaining media attention as an “alternative precious” metal to use as an investment, we still believe it...
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Gold, silver rebound after Moody’s says U.S. may face downgrade
Gold and silver futures rebounded after Moody’s Investors Service said U.S. policy makers must address debt woes to avoid a credit-rating downgrade this year, boosting the appeal of the metals...
Meats
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Is live cattle getting in a bullish posture?
Last week’s WASDE showed live cattle as short-term bearish, but longer-term bullish. And what do you know, look what “big money” is now doing in Live Cattle.
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Hog glut gains as U.S. exports drop most in decade
U.S. hog farmers are poised to produce a record amount of pork at a time when exports are slumping the most in more than a decade, prolonging a global glut...
More on Commodities
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How far will sugar crash?
Sugar prices are in a free fall now at prices we have not seen since July 2010. A major reason for last week’s drop was that it was reported the...
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Important breakout in the Dow-to-gold ratio and its implications for gold
In the Dow-to-gold ratio chart, we see an important breakout above the declining long-term resistance line. This has bearish implications for gold.
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Orange juice moves higher as greening disease losses advance
Orange juice closed higher in recovery trading. Traders are wrestling with more reports of losses from greening disease on the one side and beneficial rains that have hit the state....
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Silver finds support at $20
Gold hit the key level of $1,340, and silver had a big spike down to almost $20. For silver, $20 is a very key support level.
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Gold bear positions reach record as Soros cuts holdings
Hedge-fund managers are making the biggest ever bet against gold as billionaire George Soros sold holdings last quarter and Goldman Sachs Group Inc. predicted more declines after the longest slump...
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Cotton climbs on poor planting conditions
Cotton closed last week higher in range trading. The new crop months were firmer on the informal planted area estimates and forecasts for some rain in production areas this week...
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Natural gas soars as Obama moves forward with exports
Natural gas soars as gas exports are probably going to happen a lot faster than many thought and pain at the pump is back as refinery woes mess up the...
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U.S. markets keep close eye on politics, economics
With political waves in the United States amid a struggling recovery, the markets could be vulnerable to a breakdown.
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Housing data, durable goods, crude inventories out this week
Traders this week will watch housing market data, crude inventories, durable goods orders and the FOMC minutes.
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Cocoa falls as concern grows over bean size and quality
The flow of cocoa from western Africa is down for seasonal considerations, and traders wonder about the quality and size of the mid crop after some hot and dry weather...
