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Crude Oil Prices Surge on Possible Escalation of US-Iran War

1 month ago
November WTI crude oil (CLX26 ) closed up +2.45 (+2.71%) on Thursday, and November RBOB gasoline (RBX26 ) closed up +0.1421 (+4.36%). Crude oil and gasoline prices settled sharply higher on Thursday as talks between the US and Iran to end the war remain deadlocked, keeping the Strait of Hormuz...

Dollar Rallies on US Economic Strength and Soaring Crude Prices

1 month ago
The dollar index (DXY00 ) rallied to a nearly 1.5-year high on Thursday, finishing up +0.64%. Soaring T-note yields strengthened the dollar’s interest rate differentials after the 10-year T-note yield rose to a 24-year high of 5.34% on Thursday. Also, signs of strength in the US labor market are hawkish...

Dollar Strength Weighs on Coffee Prices

1 month ago
December arabica coffee (KCZ26 ) closed down -2.45 (-0.84%) on Thursday, and November ICE robusta coffee (RMX26 ) closed up +3 (+0.09%). Coffee prices settled mixed on Thursday, pressured by a stronger dollar. The dollar index ($DXY ) rallied to a 1.5-year high on Thursday, prompting long liquidation in coffee...

Nat-Gas Prices Fall on Larger Weekly Storage Build and Seasonal US Weather

1 month ago
November Nymex natural gas (NGX26 ) on Thursday closed down -0.065 (-1.93%). Nat-gas prices settled lower on Thursday on a larger-than-expected build in weekly nat-gas storage, along with forecasts for mild US autumn weather that could curb heating and air-conditioning demand for nat-gas. The EIA on Thursday reported that nat-gas...

Dollar Rallies on US Economic Strength and Soaring Crude Prices

1 month ago
The dollar index (DXY00 ) rallied to a nearly 1.5-year high on Thursday, finishing up +0.64%. Soaring T-note yields strengthened the dollar’s interest rate differentials after the 10-year T-note yield rose to a 24-year high of 5.34% on Thursday. Also, signs of strength in the US labor market are hawkish...

Stocks Climb on a Strong Forecast from Micron

1 month ago
The S&P 500 Index ($SPX ) (SPY ) is up by +0.17% today, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down by -0.40%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.15%. December E-mini S&P futures (ESZ26 ) are up +0.13%, and December E-mini...

Supply Risks Support Cocoa Prices

1 month ago
December ICE NY cocoa (CCZ26 ) closed up +14 (+0.26%) on Thursday, and December ICE London cocoa #7 (CAZ26 ) closed up +15 (+0.37%). Cocoa prices recovered from early losses on Thursday and settled higher, with NY cocoa rebounding from a 2-month low. Short covering emerged in cocoa futures on...

Crude Oil Prices Surge on Possible Escalation of US-Iran War

1 month ago
November WTI crude oil (CLX26 ) closed up +2.45 (+2.71%) on Thursday, and November RBOB gasoline (RBX26 ) closed up +0.1421 (+4.36%). Crude oil and gasoline prices settled sharply higher on Thursday as talks between the US and Iran to end the war remain deadlocked, keeping the Strait of Hormuz...

Cocoa Prices Recover on Supply Risks

1 month ago
December ICE NY cocoa (CCZ26 ) is up +24 (+0.45%) today, and December ICE London cocoa #7 (CAZ26 ) is up +15 (+0.37%). Cocoa prices recovered from early losses today, with NY cocoa rebounding from a 2-month low. Short covering emerged in cocoa futures today amid concern that Ghana's move...

Signs of Stronger Demand Lift Sugar Prices

1 month ago
March NY world sugar #11 (SBH27 ) closed up +0.33 (+1.77%) on Thursday, and December London ICE white sugar #5 (SWZ26 ) closed up +1.00 (+0.20%). Sugar prices settled higher on Thursday amid signs that demand for sugar is better than initially projected. Covrig Analytics estimates 1.45 MMT of sugar...

Cotton Extending Losses to Thursday

1 month ago
Cotton futures are trading with contracts 34 to 123 points lower across most contracts on Thursday. Crude oil is back up $166 per barrel on the session, with the US dollar index shooting $0.714 higher. USDA’s Export Sales report showed 202,567 RB of cotton sales in the week ending in...
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