Movers & Shakers – Risk Off

It’s no surprise that with some rising world tension, we get some big moves. Now I don’t like to jump in on these right away but as time goes on we can get some nice prices on spreads that blow out – namely CL and GC. So for now let’s watch and wait. NG was… Read More »

Still more downside in Soybeans?

We again saw some weakness come back into soybeans in today’s trade. Even against the backdrop of positive export sales soybeans still found their way lower. There has been a bounce recently but that appears to just be a bump in the road for now. More specifically: Fundamentals continue to be strong with solid yield… Read More »

Ahead of the Game – Data Day

A bit of data around today. For commodities we’ll be watching the NG storage and we also have weekly export sales in the grains.

Movers & Shakers – Soybeans And Crude Lead The Way

There was a little bit of buying around today in a couple of commodities that have certainly been bearish of recent times. Both Crude and Soybeans posted some decent gains against a backdrop of bearish fundamentals. Today, the U.S. Department of Agriculture reported soybean-export sales of 120,000 metric tons to China for delivery by Aug.… Read More »

Ahead Of The Game – PPI, Oil And More Yellen

There’s a bit of data about ahead of today’s session. We’ll be seeing more from Janet Yellen, but I won’t expect anything new. We have PPI out and later regular Oil Inventories. Oil supply has been expanding recently and Middle East tensions have faded. As a results Crude has dropped below $100 p/barrel. Managed money… Read More »

The Bond Report – Yellen’s Still Dovish

Janet Yellen continued her dovish stance today in what we have come to expect. In summary, the economy needs to prove itself before the FED will take action. From bond POV there wasn’t much of a change. We’re still above the 2.5% mark. Some Euro headlines sparked a bid tone in the ZN before it… Read More »

Movers & Shakers – Corn & Soybeans Continue Their Decline

It’s not breaking news that there is some weakness in the grains and oils. In many ways this is just the natural cycle of supply and demand and the follow through from the high prices on the back of poor growing conditions in recent seasons. I wouldn’t like to be picking a bottom in corn… Read More »

Ahead of the Game – API & Yellen

The main focus on todays economic calender will likely be retail sales and more importantly Janet Yellen’s testimony to the US Senate Committee. More directly for commodities we also have API Crude Stocks. Crude has been making lows recently as Middle East tensions have continued to fade and that should drive more attention toward inventories.

Movers & Shakers – Gold Comes Off

It was gold that was the big mover today as fears the euro zone was facing another banking crisis began to fade. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at 1,306.20 a troy ounce during U.S. trading, down 2.33%, up from a session low of $1,304.10… Read More »