Crude Oil Prices Falling, Traders Worry About Global Supply Glut $USO, $OIL, $BHI Crude Oil prices fell Monday in part by renewed concerns about the global supply glut after a meeting of the Organisation of Petroleum Exporting Countries (OPEC) producers failed to impress traders and investors. May WTI Crude Oil fell 0.44, or 0.9%, to […]
Crude Oil Taps 3-Month Lows, US Supply Glut Swells $OIL, $USO, $BHI Crude Oil (OIL, USO) hung around 3-month lows Monday on rising inventories and drilling activity in the United States. After 2 + months of reduced production from the Organization of the Petroleum Exporting Countries (OPEC), the market is facing evidence that US production […]
Crude Oil Dives on Continuing Glut Worries $USO, $OIL, $BHI, $ICE Crude Oil prices fell for the 2nd session running Monday, after data showed a recovery for the US shale Oil drilling activity. The number of US rigs classified as drilling for Crude Oil was up 15 to 566 last week, according to oilfield service […]
Crude Oil Glut Widens, Saudi Arabia ‘Jawbones’ Prices $OIL, $USO When I dig deep into the world of barreled and stored Crude Oil, Bearish signals abound in the EU market that helps dictate global Crude Oil prices. The price difference between Brent Crude for delivery out 2 and 3 months, a meausre telling traders how […]
California Agriculture Commodities Finished Higher $CORN, $WEAT, $SOYB Chicago Board of Trade (CBOT) grains futures finished slightly higher Monday concerns over harvest delays and technical buying. The most active Corn contract for December delivery rose 0.25 cents, or 0.07%, to 3.3725 bu. December Wheat delivery rose 0.75 cents, or 0.19%, to 4.04 bu. Nov Soybean […]
Chicago Agriculture Commodities Finished Mixed $WEAT, $CORN, $SOYB Chicago Board of Trade (CBOT) grains futures finished mixed Wednesday, Wheat and Corn futures up slightly, and Soybean prices down. The most active Corn contract for December delivery added 1.75 cents, or 0.53%, to 3.3175 bu. December Wheat delivery rose 2 cents, or 0.5%, to 4.03 bu. […]
Chicago Agriculture Commodities Dropped Sharply $CORN, $WEAT, $SOYB Chicago Board of Trade (CBOT) grain and Soybean futures dropped sharply Tuesday as the USD rose and fallout continued from a recent US government report forecasting bigger-than-expected crops this year. The most active Corn contract for December delivery fell 9.5 cents, or 2.8%, to 3.3 bu. December […]
Chicago Agriculture Commodities Finished Higher $CORN, $WEAT, $SOYB Chicago Board of Trade (CBOT) grains futures finished higher Wednesday as optimism over demand and uncertainty over the size of coming harvests drove short-covering in agriculture grain markets. The most active Corn contract for December delivery rose 4.75 cents, or 1.45%, to 3.3325 bu. December Wheat delivery […]
Chicago Agriculture Commodities Finished Higher $CORN, $WEAT, $SOYB Chicago Board of Trade (CBOT) grains futures finished higher Thursday as investors covered short positions and bought at bargain prices after the grains dove multi-year lows during 8-day skids on prospects of abundant US and world supplies. The most active Corn contract for December delivery was up […]
Chicago Agriculture Commodities Finished Lower $WEAT, $CORN, $SOYB Chicago Board of Trade (CBOT) grains futures closed lower Monday, with Wheat futures falling for a 6th consecutive session to a 10-year low, as ample global stocks and a regulatory clamp-down from the world’s largest buyer of the grain dragged on prices. Corn futures slid and Soybean […]
Chicago Agriculture Commodities Finished Lower Friday $WEAT, $CORN, $SOYB Chicago Board of Trade (CBOT) grains futures finished lower Friday, with Wheat falling to decade low, pressured by ample supplies and technical selling. Corn and Soybean prices also fell as traders awaited final harvest projections from the Pro Farmer tour, which last week trekked across major […]
Chicago Agriculture Commodities Finished Lower $CORN, $WEAT, $SOYB Chicago Board of Trade (CBOT) grains futures closed lower Thursday, as a widely watched crop tour reported bumper prospects across the US Midwest. The most active Corn contract for December delivery was down 4.25 cents, or 1.26% to 3.32 bu. December Wheat delivery fell 2.25 cents, or […]
Chicago Agriculture Commodities Finished Lower $WEAT, $CORN, $SOYB Chicago Board of Trade (CBOT) grains futures finished lower Wednesday, pressured by favorable Midwest weather and ongoing expectations that US farmers will harvest bumper Corn, Wheat and Soybean crops this year. The most active Corn contract for December delivery was down 1c, or 0.3%, to 3.3625 bu. […]
Chicago Agriculture Commodities Finished Mixed $CORN, $WEAT, $SOYB Chicago Board of Trade (CBOT) grains futures finished mixed Thursday, with Soybean futures closing well above session lows as technical buyers stepped into the market after profit-taking sparked an early sell-off. Wheat and Corn futures firmed on short-covering, recovering from early dips into negative territories. The most […]
US Manufacturing Pressured By Strong USD Fell in June $DIA, $SPY, $QQQ, $VXX New orders for US factory goods fell for a 2nd month running in June on weak demand for transportation equipment and capital goods The US Commerce Department said Thursday that new orders for manufactured goods declined 1.5% after a Southwardly revised 1.2% […]
Crude Oil Prices Dive on Global Supply Glut $OIL, $USO, $BHI World Crude Oil prices suffered big losses Monday, with the WTI Crude Oil marking below 40 bbl for the 1st time since April, as a survey showed that output in the Organization of the Petroleum Exporting Countries (OPEC) reached record highs last month. Production […]
Iran to Double Crude Oil Exports to Pre-sanctions Output $OIL Iran plans to 2X Crude Oil exports so long as the increase in shipments is absorbed by global markets, which it sees as stable for the rest of the year, according to a senior official at state-run National Iranian Oil Co. The country is exporting […]
‘Goldie’ Declares Crude Oil Glut is Over, Unlikely WTI Crude Oil $USO WTI Crude Oil (NYSEArca:USO) prices rose to new YTD highs, with WTI futures roughly 3.0% higher Monday, reaching 47.82 bbl, as news pointing for output disruptions suggest that supply and demand will come to balance sooner than expected, according to Goldman Sachs aka […]
