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Crude Oil Settles Sharply Higher on Heightened Geopolitical Risks

2 years 9 months ago
February WTI crude oil (CLG24 ) closed up +2.01 (+2.73%) on Tuesday, and Feb RBOB gasoline (RBG24 ) closed up +3.09 (+1.44%). Crude oil and gasoline prices on Tuesday closed moderately higher, with crude posting a 3-week high. A weaker dollar Tuesday was supportive of energy prices. Heightened geopolitical risks...

Nat-Gas Prices Retreat as Warm Winter Temps Engulf the U.S.

2 years 9 months ago
January Nymex natural gas (NGF24 ) on Tuesday closed -0.060 (-2.30%). Nat-gas prices on Tuesday retreated as above-normal U.S. temperatures are curbing heating demand for nat-gas and keeping U.S. gas inventories elevated. On Tuesday, the Commodity Weather Group said a strong ridge of warm air across Canada and the northern...

Hogs Gapped Lower after 3-Day Wait to Trade NASS Data

2 years 9 months ago
Lean hog futures are down by $0.87 to $1.92 so far across the front months after gapping lower at the open. Feb dropped 45 cents at the open, and is sitting near the low for the day. The National Average Base Hog price was withheld for confidentiality on Tuesday morning....

Nickel Gains for Corn

2 years 9 months ago
Midday prints have corn at the highs for the day on 3 ½ to 5 ½ cent gains. The New crop contracts are still a 30c carry to March. Dalian Corn Prices 32 yuan higher to 2,437/MT (~$8.66/bu) on Monday while the CME was closed. New crop corn in China...

Cotton Holding Gains through Midday

2 years 9 months ago
Midday cotton prices are still 34 to 59 points in the black, though futures are ~20 off their daily highs. Cotton Ginnings data from Friday’s USD report showed 10.21 million RB of cotton had been ginned as of December 15. That was the smallest total for mid-December since 2015 and...

Wheat Rallying Through Midday

2 years 9 months ago
Tuesday’s wheat market is rallying 20 cents across the domestic classes. SRW is up by 2.8% to 3.7% so far. HRW wheat futures are gaining 3.2% to 3.9% across the front months. Midday spring wheat prices are 2.4% higher. CME data showed 54k Jan SRW options were dropped on Friday...

Beans Back Above $13 at Midday

2 years 9 months ago
The Jan soybean contract has stayed in a 10c range around the $13 mark on Tuesday. The current quotes have Jan fractionally higher, and fractionally above the round number. The other nearby contracts are fractionally higher to 3 cents weaker. Nov beans remain a 44 cent discount to the lead...

Tuesday's ETF with Unusual Volume: CQQQ

2 years 9 months ago
The Invesco China Technology ETF is seeing unusually high volume in afternoon trading Tuesday, with over 749,000 shares traded versus three month average volume of about 155,000. Shares of CQQQ were off about 0.3% on the day.
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