Wheat production in Kansas, the 2nd largest U.S. grower, is expected to drop as dry weather persists, with 46% of the state experiencing drought conditions. Government data shows the states winter-wheat crop is the worst condition it has been in 15 years. U.S. inventories would erode with less output, these inventories are already expected to… read more
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Coffee Rises to 14-Year High-Futures Trading, Commodity Trading, Trading news, Economic News, Futures and Commodity brokerage
Rainfall in Colombia; the world’s second-largest producer of arabica beans may hurt crops. Coffee plantations are being damaged by landslides and rains.… read more
Sugar prices Fall-Futures News,Futures Broker,Commodity News,Commodity Broker
Harvest Production in Thailand has pushed Sugar prices to the lowest prices in seven months on speculation that supply will more than suffice to meet demand. In an email Jerome Jourquin, global head of agricultural commodities at Market Securities, a unit of Kite Group. stated ” Sugar is down on ample supplies from Thailand, The… read more
Grains Opening Calls,Futures Trading Commodity Trading, Commodity futures trading, Trading news,
Grains called lower : Corn 4-7 cents : Wheat 2-4 cents : Soybeans 4-6 cents… read more
Jobless Claims,Futures Trading, Trading News, Futures Trading News, Commodity Trading News
Initial claims jumped 25,000 in the April 23 week to 429,000 above expectations (prior week revised 1,000 higher to 404,000). The Labor Department said layoffs in the auto sector were isolated and not a major factor. The four-week average rose a steep 9,250 to 408,500 and is nearly 15,000 above the month-ago level.… read more
EIA Natural Gas Report / Futures Broker
In a reort for Natural gas storage rose 47 billion cubic feet for the April 15 week to 1,654 bcf. A 50 bcf injection was expected.… read more
ISM Mfg Index / Futures Broker
Released on 3/1/2011 10:00:00 AM For Feb, 2011 Prior Consensus Consensus Range Actual ISM Mfg Index – Level 60.8 60.5 58.7 to 62.0 61.4 Market Consensus Before Announcement The composite index from the ISM manufacturing survey jumped 2.3 points to a rare plus 60 reading at 60.8 for the highest reading since May… read more
March British pound boosted by CPI and BOE comments.
March British pound traded sharply higher overnight after it was reported that inflation in January doubled Bank of England’s target. UK CPI jumped to 4.0% yoy in January, doubling Bank of England’s target of 2%. Bank of England’s Governor King noted the surge in inflation and reiterated that it’s temporary, due to tax hike and… read more
Energy News – EIA report show Gasoline stocks at 20-year high.
* Crude stocks rise 1.9 mln barrels to 345.06 mln * Gasoline stocks up 4.66 mln barrels at 240.89 mln * Cushing inventories fall 927,000 bbls to 37.41 mln * Distillates rise 288,000 barrels to 164.37 mln NEW YORK, Feb 9 (Reuters) – U.S. crude oil inventories rose in line with expectations and gasoline stocks… read more
Grains Opening Calls and News / Futures Broker
WHEAT – Up 8 to 10 cents per bushel. Active export sales of U.S. wheat and news Egypt made its first purchase of wheat in nearly a month combine to boost wheat futures with further support from concern about harm to the U.S. crop from a cold snap this week. CORN – Up 3 to… read more