Commodities
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Energies
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Oil selling pressure brings $88 target into play
Crude oil has had some consistent selling over the past few sessions, and is down again today to $93.12. We have our key pivot/decision level at $96.
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German beer purity threatened by fracking say brewers
German brewers called on Chancellor Angela Merkel’s government to block the tapping of shale gas by means of hydraulic fracturing, citing industry concerns that fracking could taint the purity of...
Grains
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Soybeans head for longest rally in 14 months on Chinese imports
Soybean futures headed for the longest rally since March 2012 on signs of rising demand from China, the world’s largest buyer.
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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.
Metals
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Gold rebounds as signs of China slowdown fuel demand for hedge
Gold rose for the first time in three days on signs that Chinese manufacturing will slow in May for the first time in seven months, sparking a drop in global...
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Copper reaches two-week high on supply concern after accident
Copper reached a two-week high in London on concern a deadly mine accident will crimp supply.
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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Sugar falls as big production estimates project further losses
Sugar closed lower as the ISO continued to estimate big production and big supplies around the world. The close was weak and implies that further losses are coming. ...
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Oil falls after Bernanke comments, inventory report
Fed Chairman Ben Bernanke does his best impression of a one-handed economist. But while the market focuses of the possibility of softening demand because of the Fed and China there...
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Gold drops as Bernanke hints at curbing stimulus
Gold fell for a third day after U.S. Federal Reserve Chairman Ben S. Bernanke hinted at scaling back stimulus.
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Oil-price agencies to review methods on regulators’ concern
Energy price-reporting agencies said they ordered independent reviews to safeguard against market manipulation.
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Treasuries sink with gold as dollar jumps, U.S. stocks retreat
Treasuries tumbled with gold and the dollar rallied, while U.S. equities retreated, as concern grew that the Federal Reserve will scale back its stimulus efforts if the labor market continues...
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Oil pipelines to drive Canadian economy like 1880s railroads
Oil pipelines, under attack from environmentalists, are essential to Canada’s economic growth just as railroads were in the 1880s, Enbridge Inc. Chief Executive Officer Al Monaco said.
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Strong natural gas close shows strength before storage numbers
June Natural Gas was unable to follow through on Monday evening’s bearish price action to fill the weekly close gap still left in the market from last week as it...
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Oil balancing weakening demand with accommodative policies
So the battle between a weakening oil demand picture versus the support coming from the very accommodative monetary policies in the developed world economies continues with the winning side flip...
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Coffee falls as large Brazil harvest begins
Coffee futures were lower again on what appeared to be speculative selling tied to big production ideas from Brazil as the harvest has started.
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Oil shows weakness as API adds to bearish mood
Oil continues to look weak despite a rebounding euro and the cloud of Ben Bernanke. Products seemed to have topped because of frantic pre-holiday wholesale cash buying.
