Commodities

  • Market Sentiment Dampened By Chinese And Aussie Data

    Market Sentiment Dampened By Chinese And Aussie Data

    Market Sentiment Dampened By Chinese And Aussie Data Market sentiment was dampened as Chinese PMI and Australia's inflation data disappointed. In the commodity sector, Crude Oil prices were mixed with the WTI Crude Oil weakened further after Tuesday's selloff on expectations of a huge increase in US inventory. Brent Crude Oil remained steady as Ukraine ...
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  • Chicago Agricultural Commodities Market Finished Mixed

    Chicago Agricultural Commodities Market Finished Mixed

    Chicago Agricultural Commodities Market Finished Mixed Chicago agricultural commodities futures closed mixed Tuesday, with Corn, Wheat rising and Soybean falling. The most active Corn contract for Jul delivery rose 8.25 cents, or 1.67%, to close at 5.02 bu. Jul Wheat gained 4 cents, or 0.59%, to close at 6.795 bu. Jul Soybean lost 16.5 cents, ...
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  • Chicago Agricultural Commodities Fall Across The Board

    Chicago Agricultural Commodities Fall Across The Board

    Chicago Agricultural Commodities Fall Across The Board Chicago agricultural commodities dropped across the board Monday on fund liquidations. The most active Corn contract for May delivery dropped 6.75 cents, or 1.35%, to close at 4.9375 bu. May Wheat shed 23.5 cents, or 3.36%, to close at 6.755 bu. May Soybeans lost 15 cents, or 1%, ...
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  • China To Keep Up High Grain Output In 2014-2023

    China To Keep Up High Grain Output In 2014-2023

    China To Keep Up High Grain Output In 2014-2023 China will maintain a high rate of self-sufficiency in major grain output and realize the food security target for the next 10 yrs, according to an official report published Sunday. The report on the outlook for China's agricultural development from Ys 2014 to 2023 was conducted ...
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  • US Federal Government To Track Deadly Pig Virus

    US Federal Government To Track Deadly Pig Virus

    US Federal Government To Track Deadly Pig Virus The federal government has launched a new effort aimed at understanding and controlling a virus that is decimating America's piglet populations. The Porcine Epidemic Diarrhea virus has killed millions of piglets across the US, causing a spike in prices of Bacon and other Pork products. The virus ...
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  • Chicago Grains: Corn, Soybean Down, While Wheat Is Up

    Chicago Grains: Corn, Soybean Down, While Wheat Is Up

    Chicago Grains: Corn, Soybean Down, While Wheat Is Up Chicago agricultural commodity futures traded mixed Thursday, with Corn and Soybean prices down, and Wheat's price up. The most active Corn contract for Jul delivery fell 3 cents, or 0.60%, to settle at 5.005 bu. Jul Wheat rose 3.75 cents, or 0.54%, to settle at 6.99 ...
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  • Commodities: US Coffee

    Commodities: US Coffee

    Commodities: US Coffee US Coffee CFD closed lower  Wednesday. The low range close set the stage for a steady to lower opening  Thursday. Stochastics and the RSI are Neutral to Bearish signalling that sideways to lower prices are possible near term. If Coffee extends the decline off April's high, weekly support crossing is the next ...
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  • Chicago Grain Futuers: Corn, Wheat Down, Soybean Up

    Chicago Grain Futuers: Corn, Wheat Down, Soybean Up

    Chicago Grain Futuers: Corn, Wheat Down, Soybean Up Chicago agricultural commodity futures were traded mixed Wednesday, with Corn and Wheat prices down while Soybeansprice up. Wednesday, the most active Corn contract for Jul delivery fell 6.25 cents, or 1.23%, to settle at 5.035 bu. Jul Wheat lost 14.5 cents, or 2.04%, to settle at 6.9525 ...
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  • Chicago Agricultural Futures Market Continues To Rise

    Chicago Agricultural Futures Market Continues To Rise

    Chicago Agricultural Futures Market Continues To Rise Chicago agricultural commodity futures  traded higher Tuesday, that 2 sessions running. The action was supported by better-than-expected US domestic consumption and weather concerns. The most active Corn contract for May delivery rose 0.75 cents, or 0.15%, to settle at 5.0375 bu. Jul Wheat gained 23 cents, or 3.35%, ...
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  • Coffee Consumption Globally Outstrips Supply

    Coffee Consumption Globally Outstrips Supply

    Finally some good news is in the offing for under pressure coffee growers from across the globe, who have in the recent past been laid low due to vagaries of nature. The latest estimates by global trade bodies indicate that the coffee market globally is hurtling into a big demand supply gap, due to an ...
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  • Chicago Agricultural Futures Close Higher

    Chicago Agricultural Futures Close Higher

    Chicago Agricultural Futures Close Higher Chicago agricultural commodity futures traded higher Monday, mostly supported by new weather concerns and strong export data for US crops. The most active Corn contract for May delivery rose 4.5 cents, or 0.90%, to finish at 5.03 bu. May Wheat gained 18.5 cents, or 2.80%, to settle at 6.7875 bu. ...
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  • HEFFX: Rice Futures to Rally

    HEFFX: Rice Futures to Rally

    HEFFX: Rice Futures to Rally In its first rice forecast issued this year, the FAO predicted a 5.4-percent rise in the volume of cross-border trade to reach 39.3 million MT from the estimated 37.3 million MT in 2013. “That is an increase of more than one million tons on the 38 million tons foreseen just ...
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  • US Beef Prices Notch Highest Mark In Almost 30 Yrs

    US Beef Prices Notch Highest Mark In Almost 30 Yrs

    US Beef Prices Notch Highest Mark In Almost 30 Yrs The highest beef prices in almost 30 yrs have arrived in US markets just before the start of grilling season, causing sticker shock for both consumers and restaurant owners, no relief in sight. The shrinking  number of beef cattle and growing export demand from countries like ...
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  • Chicago Agricultural Commodities Market Continues Its Slide

    Chicago Agricultural Commodities Market Continues Its Slide

    Chicago Agricultural Commodities Market Continues Its Slide Chicago agricultural commodities futures prices continued to fall Friday, led by Soybean. The most active Corn contract for May delivery dropped 2.75 cents, or 0.55%, to close at 4.985 bu. May Wheat dipped 2 cents, or 0.3%, to close at 6.6025 bu. May Soybean lost 19.25 cents, or ...
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  • Malaysian Palm Oil Production Up In March

    Malaysian Palm Oil Production Up In March

    The Malaysian Palm Oil Board, which is a official body set up by the Malaysian government to monitor and facilitate the growth and selling of this commodity which has worldwide demand reported recently that this year’s palm oil output for the month of March peaked at 1.5 million tonnes. The output was well above the ...
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  • Commodities Outlook: OJ Prices Soar Along With Beef And Pork

    Commodities Outlook: OJ Prices Soar Along With Beef And Pork

    Commodities Outlook: OJ Prices Soar Along With Beef And Pork Total US  production of Oranges in the C-Y 2013–2014 (crop year) is now estimated at about 7.2-M tons, more than 1-M tons below last year’s total of 8.3-M tons. And almost all of  the fall is attributable to a production drop in Florida. The US ...
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  • Chicago Agricultural Futures Market Finishes Down

    Chicago Agricultural Futures Market Finishes Down

    Chicago Agricultural Futures Market Finishes Down Chicago agricultural futures closed lower across the board Thursday, led by Wheat. The most active Corn contract for May delivery dropped 1 cent, or 0.2%, to close at 5.0125 bu. May Wheat lost 6.75 cents, or 1.01%, to close at 6.6225 bu. May Soybean fell 13 cents, or 0.87%, ...
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  • Chicago Agricultural Futures Market Closed Mixed

    Chicago Agricultural Futures Market Closed Mixed

    Chicago Agricultural Futures Market Closed Mixed Wednesday, Chicago agricultural commodities futures trade finished mixed, Corn and Wheat fell, Soybean rose. The most active Corn contract for May delivery dropped 4.75 cents, or 0.94%, to close at 5.0225 bu. May Wheat lost 12 cents, or 1.76%, to close at 6.69 bu. May Soybean rose 12.75 cents, ...
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  • Technical Analysis: WTI Crude Oil

    Technical Analysis: WTI Crude Oil

    Technical Analysis: WTI Crude Oil WTI Crude Oil' s price managed to break 102.00 and stabilize above,t and got a positive catalyst that supports extending the Northside move in the days ahead, as targets start at 103.45 then 105.20. The 50 and 100-Day SMAs supports the coming Bullishness, and that is good as long as ...
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  • US Bacon Prices Rise, Baby Pig Killing Virus Spreads

    US Bacon Prices Rise, Baby Pig Killing Virus Spreads

    US Bacon Prices Rise, Baby Pig Killing Virus Spreads A virus never before seen in the US is killing millions of baby pigs, and with little known about how it spreads or how to stop it, it is threatening Pork production driving  up prices by 10% +. Scientists think Porcine epidemic diarrhea, which does not ...
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  • Chicago Agricultural Commodity Futures Finish Mixed

    Chicago Agricultural Commodity Futures Finish Mixed

    Chicago Agricultural Commodity Futures Finish Mixed  Chicago agricultural commodities futures market finished mixed Monday, with Wheat rising, while Corn and Soybean falling. The most active Corn contract for May delivery fell 2.5 cents, or 0.5%, to close at 4.9925 bu. May Wheat rose 6.5 cents, or 0.97%, to close at 6.7625 bu. May Soybean lost ...
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  • Hog Prices Fall, Biggest Weekly Decline Since 2009

    Hog Prices Fall, Biggest Weekly Decline Since 2009

    Hog Prices Fall, Biggest Weekly Decline Since 2009 Hog futures posted the biggest weekly decline in 4 yrs +, as confirmed cases of a piglet-killing virus slowed on speculation that high Pork prices are eroding demand. The US inventory of Swine that farmers plan to sell for slaughter fell less than forecast by analysts in the ...
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  • Wheat Futures Fell On Prospects Of Rain, Corn Rose, Soybean Off

    Wheat Futures Fell On Prospects Of Rain, Corn Rose, Soybean Off

    Wheat Futures Fell On Prospects Of Rain, Corn Rose, Soybean Off Wheat futures fell Friday on speculation that US crops will get a boost from rain in the next week, easing drought conditions, Corn rose, and Soybean finished down. Wheat had climbed 12% YTD through Thursday as dry, cold weather threatened winter crops. As much ...
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  • China's #1Grain Trader Buys Noble Group's (PINK:NOGBY) Agricultural Unit

    China’s #1Grain Trader Buys Noble Group’s (PINK:NOGBY) Agricultural Unit

    China's #1Grain Trader Buys Noble Group's (PINK:NOGBY) Agricultural Unit China's largest grain trader COFCO Corporation will pay US$1.5-B to acquire a 51% stake in the agricultural unit of Singapore-listed supply chain manager Noble Group (PINK:NOGBY), Noble said Wednesday. The deal will lead to a Joint Venture that will link COFCO's grain processing and distribution business ...
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  • US Dollar Up,  US Treasuries Down

    US Dollar Up, US Treasuries Down

    US Dollar Up,  US Treasuries Down 10-Yr: -14/32..2.803%.. USD/JPY: 103.77.. EUR/USD: 1.3761 Afternoon Update 2y -02/32 at 99 26/32 3y -03/32 at 99 15/32 5y -09/32 at 99 06/32 7y -13/32 at 99 04/32 10y -14/32 at 99 16/32 30y -25/32 at 99 18/32 US Dollar (DXY) EUR/USD -30 pips at 1.3760 GBP/USD unch at 1.6630 USD/JPY +10 pips at 103.75 ...
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  • Chicago Grains: Corn, Soybean Up, Wheat Down

    Chicago Grains: Corn, Soybean Up, Wheat Down

    Chicago Grains: Corn, Soybean Up, Wheat Down Chicago agricultural commodity futures traded mixed Tuesday; Corn and Soybeans prices up, Wheat price down. The most active Corn contract for May delivery rose 5.5 cents, or 1.10% , to finish  at 5.075 bu. May Wheat lost 12 cents, or 1.72%, to finish at 6.8525 bu. May Soybean ...
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  • Closing Commodities: Chicago Grains Rally, Corn Finishes Above 5.00 bu

    Closing Commodities: Chicago Grains Rally, Corn Finishes Above 5.00 bu

    Closing Commodities: Chicago Grains Rally, Corn Finishes Above 5.00 bu Commodities ended mostly lower with energy and metals posting losses, and agro posting up accross the board results. Following USDA reports, Corn, Wheat and Soybean rallied May Corn ended the day up 2.2% at 5.02 bu, May Wheat rose 2 cents at 6.97 bu May Soybean rose ...
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  • Commodites: Coffee

    Commodites: Coffee

    Commodites: Coffee US Coffee CFD closed higher Friday. The high range close set the stage for a steady to higher opening  Monday. Stochastics and the RSI are turning Neutral to Bullish hinting that a short term low might be in or near. Closes above the 20-Day MA crossing confirms that a low has been notched. ...
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  • Hog Futures Augur Higher Prices for Bacon, Chops And Ribs

    Hog Futures Augur Higher Prices for Bacon, Chops And Ribs

    Hog Futures Augur Higher Prices for Bacon, Chops And Ribs HSH, HRL US Hog futures rose Friday, heading for the biggest Quarterly gainer in 15 yrs, as a piglet-killing virus threatened US meat production, signaling consumers will be forced to pay more for everything from bacon, pork chops to ribs. More than 5,000 cases of ...
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  • Crude Oil Crack, Breaks Key Resistance, Sees More Northside Action

    Crude Oil Crack, Breaks Key Resistance, Sees More Northside Action

      Crude Oil Crack, Breaks Key Resistance, Sees More Northside Action With Crude Oil strengthening and breaking through the Key resistance at  100.15/25, the case is made for more Northside action in the days ahead. As long as the support zone holds, more bullish offensive is likely. Resistance stands at the 102.89 mark, a break ...
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  • Corn Futures Seeing Bull Market, Export Demand Rises

    Corn Futures Seeing Bull Market, Export Demand Rises

    Corn Futures Seeing Bull Market, Export Demand Rises Thursday Corn futures closed at a 7  month high, approaching a Bull Market, after a government report showed increasing export demand for supplies from the US, the world’s top grower and shipper. Wheat  gained, while Soybean fell. Sales of Corn were more than 4X higher than a ...
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  • The United States Produces 10.4% Of The World’s Crude Oil

    The United States Produces 10.4% Of The World’s Crude Oil

    The United States Produces 10.4% Of The World’s Crude Oil The United States produces 10.4% of the world’s Crude Oil, or 7.84-M BPD. Of that total, 3.22-M bbls (43%) come from "tight plays," including the Shale Oil fields of North Dakota and Texas. The balance comes from conventional production. *According to the EIA and the ...
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  • China Credit Crunch Causes Panic

    China Credit Crunch Causes Panic

    China Credit Crunch Causes Panic Literally hundreds of people headed in full-speed to withdraw their money from the branch of a minor Chinese bank after there were rumors that it was facing solvency. This is very indicative of how investors are now wary and anxious about the fact that the regulators are showing much more ...
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  • USDA: Higher Beef 'Here to Stay' As US Food Costs Rise

    USDA: Higher Beef ‘Here to Stay’ As US Food Costs Rise

    USDA: Higher Beef 'Here to Stay' As US Food Costs Rise CAG, KRFT US food prices are expected to rise faster this year after a calmed Y 2013, led by gains in beef, poultry and egg prices, the U.S. Department of Agriculture said on Tuesday. The food price inflation outlook assumes normal weather, the USDA ...
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  • This Week On The Economic Front In The USA

    This Week On The Economic Front In The USA

    This Week On The Economic Front In The USA Monday, 24 March None Tuesday, 25 March Case-Shiller 20-City Index, Jan (9:00a): 13.3% expected, 13.4% past FHFA Housing Price I, Jan (9:00a): 0.8% past Consumer Confidence, Mar (10:00a): 78.2 expected, 78.1 past New Home Sales, Feb (10:00a): 445-K expected, 468-K past Wednesday, 26 March MBA Mortgage ...
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  • Morning Brief: Gold, Silver, Copper, Crude Oil

    Morning Brief: Gold, Silver, Copper, Crude Oil

    Morning Brief: Gold, Silver, Copper, Crude Oil Precious metals are trading lower in Asia, while the Crude Oil market has bounced from support marks. Gold at 1326.04 trading lower and testing support near 1324.5. A break below 1335, may see moves within 1324-1335 keeping 1300 on the Southside, but a break above 1335 may push ...
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  • More Evidence of the China Credit Crisis

    More Evidence of the China Credit Crisis

    More Evidence of the China Credit Crisis China's first corporate debt default in at least 17 years has sparked fear that the country's 'Lehman moment' is fast approaching, now new data has shown that Chinese state-owned enterprises (SOEs) saw their combined profits grow at a slower pace in the first two months of 2014 amid ...
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  • Rwanda's Milk Overtakes Coffee In Export Revenue

    Rwanda’s Milk Overtakes Coffee In Export Revenue

    Rwanda's Milk Overtakes Coffee In Export Revenue Rwanda earned more from Milk exports than Coffee and Minerals last year, according to the Y 2013 external trade report by the National Institute of Statistics of Rwanda. The report released Friday shows that for the period October- December 2013, Milk and its products tallied US$22.41-M, earning more ...
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  • Inflation Watch: Food Cost In America Rose 4% In Last 12 Months

    Inflation Watch: Food Cost In America Rose 4% In Last 12 Months

    Inflation Watch: Food Cost In America Rose 4% In Last 12 Months Coffee, Pork And OJ Up The reports are that the price of Bacon has spiked, and the cost coffee and orange juice, is set to rise because of global supply problems, from drought in Brazil to disease on US pig farms. The cost ...
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  • Chicago Agricultural Commodities Futures Finish Mixed

    Chicago Agricultural Commodities Futures Finish Mixed

    Chicago Agricultural Commodities Futures Finish Mixed Chicago agricultural commodity futures finished mixed Friday; Wheat and Soybean prices down, Corn price up. The most active Corn contract for May delivery rose 0.5 cent, or 0.10%, to 4.79 bu. May Wheat lost 10.5 cents, or 1.49%, to settle at 6.9325 bu. May Soybean fell 25 cents, or ...
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  • Morning Brief: Gold, Silver, Copper, Crude Oil

    Morning Brief: Gold, Silver, Copper, Crude Oil

    Morning Brief: Gold, Silver, Copper, Crude Oil Gold at 1332.85 trading higher after bouncing from support near 1321 and may target 1360-1380 near-term while above 1350. Overall Gold is in a uptrend. Silver at 20.37  broke Key support at 20.5, but bounced from 20.2. A fall below 20.2 could take it to 19.5-19. Gold/Silver ratio ...
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  • Morning Brief: Gold, Silver, Copper, Crude Oil

    Morning Brief: Gold, Silver, Copper, Crude Oil

    Morning Brief: Gold, Silver, Copper, Crude Oil Gold at 1360.64 fell from 1388 as better than expected US data curbed demand before the FOMC meeting today. Currently Gold is trading just above support near 1357.98, if it breaks may test next support near 1350.9-1351, could bounce back to 1400. Note: Gold has fallen from the ...
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  • Closing Commodities: Nat Gas + 2.5%, Crude Oil, Precious Metals Close Lower

    Closing Commodities: Nat Gas + 2.5%, Crude Oil, Precious Metals Close Lower

    Closing Commodities: Nat Gas +2.5%, Crude Oil, Precious Metals Close Lower Apr Gold fell for the 1st time in 6 sessions despite a slightly weaker DXY. The precious Yellow metal rose to a session high of 1382.90 in morning pit trade but faded to a session low of 1370.00. Gold spent the afternoon trading just ...
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  • Commodities Cushioned Against Crimea Events, Gold May Extend Rally

    Commodities Cushioned Against Crimea Events, Gold May Extend Rally

    Commodities Cushioned Against Crimea Events, Gold May Extend Rally Exit polls released Sunday indicated that Crimeans voted overwhelmingly in favor of seceding from Ukraine and joining Russia . There are large Nat Gas reserves in Europe, record global grain output and the threat of mutual economic calamity from Crude Oil sanctions are cushioning commodity prices even ...
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  • Chicago Agricultural Commodities Finish Mixed

    Chicago Agricultural Commodities Finish Mixed

    Chicago Agricultural Commodities Finish Mixed Chicago agricultural commodities finished mixed Friday, with Corn and Wheat up and Soybean down. The most active Corn contract for May delivery rose one cent, or 0.21%, to 4.86 bu. May Wheat gained 13.5 cents, or 2%, to 6.8725 bu. May Soybean lost 7.75 cents, or 0.56%, to 13.885 bu. ...
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  • Closing Commodities: Crude Oil, Gold, Copper Up

    Closing Commodities: Crude Oil, Gold, Copper Up

    Closing Commodities: Crude Oil, Gold, Copper Up  Energy, metals and agriculture commodities finished the day higher Friday Apr Crude Oil ralliedand finished + 0.65 at 98.91 bbl Apr Nat Gas r0se 3 cents to 4.42/MMBtu Gold ended +7.10 at 1379.20 oz, May Silver gained 0.24 to 21.41oz May Copper rose 3 cents to 2.95 lb ...
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  • Morning Brief: Commodities

    Morning Brief: Commodities

    Morning Brief: Commodities Gold at 1372.74 rising targeting resistance near 1375-1380. A break above 1380 will push Gold higher towards 1400-1425. Silver at 21.25  stable  now and while below 21.5 it may move sideways in here.. No major movement expected yet. Copper at 2.9220 fell since last week on China concern and is testing Key ...
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  • Morning Brief: Commodities

    Morning Brief: Commodities

    Morning Brief: Commodities Precious metals are trading up while the Crude Oil market is under the control of the Bears. Gold at 1372.41 is up sharply and is targeting resistance near 1375-1380, then may see a downward correction before again resuming its rise. A break above 1380 pushes it higher towards 1400-1425. Silver at 21.38 ...
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  • Commodities: El Nino Caution Triggers Fears of Rising Prices

    Commodities: El Nino Caution Triggers Fears of Rising Prices

    Commodities: El Nino Caution Triggers Fears of Rising Prices In the last week the market saw 3 official warnings that an El Niño weather pattern might be emerging, this triggered concern that food and energy prices may rise. El Niño pattern means that surface temperatures rise in the Pacific Ocean. This is an natural occurence, ...
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  • Morning Brief: Commodities

    Morning Brief: Commodities

    Morning Brief: Commodities Precious metals are  up while Crude Oil and Copper are trading sharply lower on China concern. Gold at 1356.9 resumed its rise after pausing to refresh target 1375-1380, near term while above 1360. Silver at 21.075 up  from 20.6 , and may target the resistance near 21.48-50. If it holds may see ...
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  • US Beef Prices High, Will Stay HIgher For Years

    US Beef Prices High, Will Stay HIgher For Years

    US Beef Prices High, Will Stay HIgher For Years Drought and  exports pushing meat prices to record levels, steak is a luxury food item now. High us beef prices are the result of supply problems that are for the most part extreme weather related, the drought. If you thinnk they are going for fall, think ...
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  • Crude Oil Prices Rise On Upbeat US Jobs Report

    Crude Oil Prices Rise On Upbeat US Jobs Report

    Crude Oil Prices Rise On Upbeat US Jobs Report Crude Oil prices gained Friday on better than expected US jobs report. Total NFPl employment added 175,000 in February, the Labor Department reported Friday, better than the consensus forecast at 150,000. The U.S. unemployment rate in February was little changed at 6.7%. US nonfarm payrolls reports ...
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  • Closing Commodities: Copper - 4.2% On News China's 1st Corporate Bond Default

    Closing Commodities: Copper – 4.2% On News China’s 1st Corporate Bond Default

    Closing Commodities: Copper - 4.2% On News China's 1st Corporate Bond Default Precious metals fell Friday as the DXY rose on better-than-anticipated US jobs data. February NFP's passed estimates, coming in at 175-K Vs the consensus at 163-K. Apr Gold notched a session low at 1326.60, and finished -1.0% loss at 1337.80 oz. Friday's weakness ...
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  • Palm Oil Rises To 17-Month High, Dry Spell Threatens Output

    Palm Oil Rises To 17-Month High, Dry Spell Threatens Output

    Palm Oil Rises To 17-Month High, Dry Spell Threatens Output Palm Oil climbed to the highest level since September 2012 on concern that a prolonged dry spell in Malaysia and Indonesia, the biggest growers, may reduce supplies of the world’s most-used Cooking Oil. The contract for May settlement advanced 0.7% to 2,888 Ringgit ($886) a ...
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  • Friday Morning Brief: Commodities

    Friday Morning Brief: Commodities

    Friday Morning Brief: Commodities Gold at 1349.29 trading higher and ranged for the last 3-days. A move  above 1324.44 expect see rise to 1360. Silver at 21.52 is up  after being ranged for the last 5-days. A clear move above 21.5 could push it higher to 22-22.2, support in the 21-21.5 region is holding. Copper ...
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  • Friday Morning Brief: Currencies

    Friday Morning Brief: Currencies

      Friday Morning Brief: Currencies The ECB kept the interest  rate unchanged and expressed hope of inflation rising in the coming days and weeks. This boosted EUR  and weakened the USD Vs most currencies. Dollar Index (DXY) at 79.66 trading below the support at 79.80-70 and the way to 79.10-78.60 or even 78 is open. ...
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  • Commodities: Crude Oil, Gold, Silver Finish Lower, Nat Gas +3.5%

    Commodities: Crude Oil, Gold, Silver Finish Lower, Nat Gas +3.5%

    Commodities: Crude Oil, Gold, Silver Finish Lower, Nat Gas +3.5% WTI Crude Oil, Gold and Silver futures were all  weak during Tuesday's session, Copper and Nat Gas futures held, and closed with a nice gainer Apr Gold finished Tuesday's session -0.9% at 1337.80 oz May Silver lost 1.3% to finish at 21.21/oz Apr Nat Gas ...
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  • Chicago Agricultural Commodities Futures Close Mixed

    Chicago Agricultural Commodities Futures Close Mixed

    Chicago Agricultural Commodities Futures Close Mixed Monday, Chicago agricultural commodites futures traded mixed, with Corn and Wheat prices up, Soybean price down. The most active Corn contract for May delivery rose 7 cents, or 1.51%, to 4.705 bu. May Wheat added 29.25 cents, or 4.86%, to 6.315 bu. May Soybean fell 4.75 cents, or 0.34%, ...
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  • $SYT, China Rejects US GMO Corn Shipments

    $SYT, China Rejects US GMO Corn Shipments

    $SYT, China Rejects US GMO Corn Shipments China has returned 887,000 tonnes of US Corn shipments tainted with a genetically-modified (GM)) strain from Syngenta (NYSE:SYT) not approved by the country's agriculture ministry since last October. These Corn shipments were found to contain the unapproved MIR162, a strain of insect-resistent transgenic Corn, according to the General Administration of Quality Supervision,Inspection and Quarantine. China detected the 1st batch of MIR162 tainted Corn shipment from the US in last October in Shenzhen, and found several batches at the country's different ports after that. The administration urged local entry-exit inspection and quarantine bureaus to step updetection of the imported farm produce and return or destroy those tainted with unapproved GMO components. Stay tuned... HeffX-LTN Paul Ebeling
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  • Closing Commodities: Nat Gas + 2.4%, Crude Oil +2.0%, Precious Metals Off A Bit

    Closing Commodities: Nat Gas + 2.4%, Crude Oil +2.0%, Precious Metals Off A Bit

    Closing Commodities: Nat Gas + 2.4%, Crude Oil +2.0%, Precious Metals Off A Bit Apr Gold fell into negative territory despite DXY's weakness. The precious Yellow metal retreated from its session high at 1333.20, and settled -0.8% at 1321.40 oz. Gold gained 6.6% in February on soft economic data and political unrest in Ukraine. May ...
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  • Closing Commodities: Gold, Silver, Nat Gas Finish In Red, Crude Oil Up

    Closing Commodities: Gold, Silver, Nat Gas Finish In Red, Crude Oil Up

    Closing Commodities: Gold, Silver, Nat Gas Finish In Red, Crude Oil Up Precious metals traded in negative territory today as DXY rose. US economic reports this morning showed that new home sales jumped 9.6% to 468,000 in January from an upwardly revised 427,000 (from 414,000) in December. The consensus expected new home sales to fall ...
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  • A Technical Look At Crude Oil

    A Technical Look At Crude Oil

    A Technical Look At Crude Oil Crude Oils price fell Tuesday tapping the 101.00 mark then rebounded to the Northside and trading inside the current ascending channel keeping the positive action valid supported by stability above 50 and 100-Day SMA. The price has to break 100.95 then 100.75 to halt positive expectations and take the ...
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  • Crude Oil Futures Fall On Stockpiles, Data In Focus

    Crude Oil Futures Fall On Stockpiles, Data In Focus

    Crude Oil Futures Fall On Stockpiles, Data In Focus Crude Oil prices reversed Monday's rally Tuesday morning on expectations that US Crude Oil supply increased for 6th wk running. Sideways action is dominating the energy markets so far this week, with WTI Crude holding back around the Key mark at 102 bbl, after hitting a ...
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  • Commodities: Gold, Silver, Crude Oil Extend, Nat Gas Sells Off

    Commodities: Gold, Silver, Crude Oil Extend, Nat Gas Sells Off

    Commodities: Gold, Silver, Crude Oil Extend, Nat Gas Sells Off Apr Gold extended Friday's gainer, and is trended higher after lifting from its session low of 1328.70. Gold marked a session high at 1339.20 in late morning trade, and finished at 1337.90 oz, + 1.1% on the day.  Mar Silver traded higher, advancing to a ...
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  • Commodities: Coffee to Soybean Bets UP Brazilian Drought

    Commodities: Coffee to Soybean Bets UP Brazilian Drought

    Commodities: Coffee to Soybean Bets UP Brazilian Drought BCS, GS Hedge funds raised Bullish commodity bets to the highest level since Y 2012 as extreme weather threatened global crops and a polar blast increased US demand for heating fuel. The net-Long position across 18 US-traded commodities rose 18% to 1.25-M futures and options in the ...
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  • US Gasoline Price Jumps $0.12 A Gallon At The Pump

    US Gasoline Price Jumps $0.12 A Gallon At The Pump

    US Gasoline Price Jumps $0.12 A Gallon At The Pump According to a survey released Sunday the average cost of a gallon of regular gasoline rose 12 cents, to 3.41, during the past 2 wks. Industry analyst Trilby Lundberg cited changes in the price of Crude Oil because of violence in the petroleum-producing nations of ...
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  • Investors Beginning To Show Interest In Diamonds

    Investors Beginning To Show Interest In Diamonds

    Investors Beginning To Show Interest In Diamonds Some savvy observers beleive that Diamonds could become investors' new best friend, as they are showing growing interest in diamonds, especially after Gold's 28% fall in 2013. Investment Diamond Exchange (IDX) opened a trading exchange last year, allowing private and institutional investors to buy certified rough and polished ...
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  • Chicago Agricultural Commodity Futures Finish Mixed

    Chicago Agricultural Commodity Futures Finish Mixed

    Chicago Agricultural Commodity Futures Finish Mixed Chicago agricultural commodity futures  traded mixed Friday, with Corn and Wheat prices down, Soybean price moved up. The most active Corn contract for May settlement fell 3.25 cents, or 0.70%, to settle at 4.59 bu. May Wheat lost 8 cents, or 1.30%, to settle at 6.055 bu. May Soybean ...
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  • Commodities: Crude Oil Weakens, Nat Gas Stable, Precious Metals Gain

    Commodities: Crude Oil Weakens, Nat Gas Stable, Precious Metals Gain

    Commodities: Crude Oil Weakens, Nat Gas Stable, Precious Metals Gain Crude Oil prices remained in the red all session, but ended the session above 102. Apr Crude Oil fell 0.59 to 102.18 bbl. Apr Nat Gas sold off and fell to 4.82/MMBtu. The energy component reversed and ended the day + 0.14 at 5/MMBtu  Mar ...
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  • Energy Commentary: Crude Oil, Nat Gas Advance

    Energy Commentary: Crude Oil, Nat Gas Advance

    Energy Commentary: Crude Oil, Nat Gas Advance WTI Crude Oil is set to post its longest run of weekly gains Friday as the cold weather in North America boosted demand for Heating Oil. The energy markets is about to cap another week of strong gains; Brent Crude Oil hanging above 110, supported by supply disruption ...
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  • WTI Crude Oil Trading Off Its Highs On China Worries

    WTI Crude Oil Trading Off Its Highs On China Worries

    WTI Crude Oil Trading Off Its Highs On China Worries Crude Oil prices saw some selling pressure Thursday after a Chinese manufacturing gauge slipped to a 7-month low, suggesting demand may slow from the world's 2nd largest economy. The impact of the data from China, the world's 2nd largest Crude Oil consumer, was evident on ...
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  • Commodities: Mar Nat Gas Finishes At + 11%

    Commodities: Mar Nat Gas Finishes At + 11%

    Commodities: Mar Nat Gas Finishes At + 11% Mar Nat Gas extended Tuesday's gains on forecasts calling for more freezing weather at the end of February, and heading into early March. Prices lifted from a session low of 5.83 per MMBtu and rose as high as 6.28 per MMBtu, a new high since January 2009 ...
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  • WGC, China Becomes World Largest Gold Consumer In 2013

    WGC, China Becomes World Largest Gold Consumer In 2013

    WGC, China Becomes World Largest Gold Consumer In 2013 China became the largest Gold market in the world for the 1st time in Y 2013, said a report released by the London-based World Gold Council (WGC) Tuesday. Demand for gold in China set a remarkable new record of 1,066 tonnes, a rise of 32% Y-Y said ...
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  • US Gas Price At The Pump Up For 11th Day Running

    US Gas Price At The Pump Up For 11th Day Running

    US Gas Price At The Pump Up For 11th Day Running PBR, VLO, HESS Beginning on 8 February, prices at the pump in the USA for a gallon of regular gasoline rose from around 3.26 to 3.37, with more than 50% of the assent last week. That is the highest price for a gal of gas ...
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  • Gold Sees Some Profit Taking, Crude Oil Holds Above 100 bbl

    Gold Sees Some Profit Taking, Crude Oil Holds Above 100 bbl

    Gold dropped from 3-1/2 month high on Tuesday as the recent rally has encouraged some profit taking by investors. Last week, Gold notched 4.2% advance, which helped the precious Yellow  metal to rally to its highest in 3.5 months, where it has recorded a 9.3% gainer YTD  after falling 28% in Y 2013. Over the ...
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  • Commotities: Utilities Switch To Coal From Nat Gas On Price Rise

    Commotities: Utilities Switch To Coal From Nat Gas On Price Rise

    Commotities: Utilities Switch To Coal From Nat Gas On Price Rise Forecast of coal's demise in the United States are greatly exaggerated. Nat Gas prices now at a 4-yr high have the nations utilities shifting to coal to generate 4.519-M megawatt-hours a day, the most since Y 2011, government data show. Within 3 years, coal's ...
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  • Commodities: Crude Oil And Nat Gas Fundamentals

    Commodities: Crude Oil And Nat Gas Fundamentals

    Commodities: Crude Oil And Nat Gas Fundamentals The front-month contract for WTI Crude Oil rose to a 4-month high at 101.38 mid-week before retreating and ending Friday at 100.3. Finishing +0.42% on weekly basis, the gainer was supported by strong domestic demand and refinery runs. For instance, Crude storage at Cushing fell -2.6-M bbls, while ...
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  • CBOE Corn Futures Outlook

    CBOE Corn Futures Outlook

    CBOE Corn Futures Outlook USDA first supplied a friendly surprise for corn with its Feb. 10 monthly update to global production, supply and demand. The agency trimmed its forecast of Aug. 31 inventories by 150 million bushels, citing better export sales. The news continued the series of lower estimates from the government, but prices mostly ...
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  • Commodities: Crude Oil Keeps Upward Bias

    Commodities: Crude Oil Keeps Upward Bias

      Crude Oil With the corrective pullback fading, see a return to the 101.37 mark. To get there Crude Oil will have break above there to convince the market of its further Norhtside prospects. A move above there opens the way for a run at the 101.50 mark where a breakwill pushes it to the ...
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  • Bitcoin May Collapse, Value Drops by Half

    Bitcoin May Collapse, Value Drops by Half

    Bitcoin May Collapse After trading at a record price over $1000 Bitcoin is about half that value now. The Bitcoin experiment is facing a serious issue, the very nature of the so called currency is Cyber, and a Cyber attack has been launched on the Bitcoin world developers claim. What ever the reason, the price ...
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  • China and Sri Lanka to Sign a Free Trade Agreement this year

    Foreign Minister of Sri Lanka, G.L. Peiris is reported to have said that China and Sri Lanka might ink a free trade agreement this year, a move which will help strengthen Colombo's increasing diplomatic and economic relations with Beijing. Peiris who is on a four-day visit to China, told in an interview that it would ...
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  • Top 10 Mining Trends for 2014

    Top 10 Mining Trends for 2014

    Top 10 Mining Trends for 2014 Deloitte releases top 10 mining trends for 2014 Need to rapidly innovate industry Mining companies will continue to face challenging market conditions in 2014 including rising costs, falling commodity prices, supply/demand imbalances, and decreased productivity levels. However, companies that embrace new forms of innovation can lay the foundation for ...
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