May 31st, 2012

Hog futures surged the most in 16 months on signs of increasing demand for U.S. pork. Cattle prices also rose.

In the wholesale market, the price of pork headed for the biggest monthly gain since July, while loins yesterday rose the most in more than a week, U.S. Department of Agriculture data show. That rally indicates high meat sales for the Memorial Day holiday weekend, which ended May 28, said Doug Houghton, an analyst at Brock Associates.

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May 31st, 2012

Commodity Investing – Commodities fell for a third day and are poised for the biggest monthly loss since the recession of 2008 as Europe’s escalating debt crisis dimmed prospects for demand and sent crude oil into a so-called bear market.

The Standard & Poor’s GSCI Spot Index of 24 raw materials dropped 1.1 percent to 596.96 at 11:15 a.m. in New York, down 13 percent in May, the most since November 2008. Earlier, the gauge slipped to 595.8, the lowest since Oct. 6. Crude oil is set for the biggest monthly decline since December 2008 in New York, while copper slumped 12 percent.

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May 29th, 2012

Orange juice on the ICE Futures U.S. exchange gained 2.3% Tuesday, after trading as much as 7.9% higher in the session, as tropical storm Beryl dumped rain across top orange-producing state Florida.

It is unknown whether the rains will help or hurt the state’s citrus groves, traders said. But even the hint of fresh fundamental news after a months-long dearth of new supply-and-demand information was enough to send investors who bet that prices would fall scrambling to lock in profits.

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May 29th, 2012

Soybean futures rose for a third straight session on speculation that unusually hot, dry weather may prompt U.S. farmers to reduce the number of acres planted in fields where winter wheat has been harvested.

Record heat, little rain and windy conditions eroded soil moisture in much of the southern Midwest and Mississippi River Valley during the past three days, World Weather Inc. said in a report. Rains beginning May 31 may not provide enough coverage to prevent increased crop stress from warmer temperatures next week, the private forecaster said.

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May 29th, 2012

Sugar futures raw fell for the first time in three sessions on renewed concern that global output will exceed demand as exports expand from Brazil, the world’s biggest producer. Cocoa rose and coffee declined.

Sugar exports from Brazil are more profitable than sales in the domestic market after the real weakened against the dollar over the past three months, according to Cepea, a University of Sao Paulo research group. The advance in Brazil’s center south’s harvest “should weaken prices” as weak demand in the Northern Hemisphere “prompts a global trade surplus into the third quarter,” Hussein Allidina, Morgan Stanley’s head of commodities research, wrote in a report e-mailed today.

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May 29th, 2012

Managed Futures – Emil van Essen, LLC announced that its flagship Spread Trading Program was nominated for four Managed Futures Pinnacle Awards in the following categories: Best Bear Market Manager (HF Index), Best Defensive CTA (Diversified), Best Risk Adjusted Performance (Diversified), and Greatest Returns (High Volatility – Diversified). Award winners will be announced and presented with a BarclayHedge “BTOP” award during a ceremony on June 11, 2012, in Chicago.

“We continue to see strong growth in long-only commodity funds for the foreseeable future, which is providing us with favorable market conditions for alpha generation.”

“We are honored to be nominated for the inaugural Managed Futures Pinnacle Awards sponsored by CME Group and BarclayHedge,” said Emil van Essen, CEO. “We continue to see strong growth in long-only commodity funds for the foreseeable future, which is providing us with favorable market conditions for alpha generation.”

Emil van Essen, LLC has grown from $210M assets under management in 2011 to over $440M in 2012. The Emil van Essen Spread Trading Program has outperformed both the Barclay CTA Index and Goldman Sachs Commodity Index for the last 4 years.

About Emil van Essen, LLC:

Emil van Essen, LLC is a Chicago, Illinois based investment management firm that specializes in commodity spread trading.

May 30th, 2012

Euro Futures – The euro fell to the lowest level in almost two years against the dollar as Spain struggled to rescue its troubled banks, adding to signs the European debt crisis is spreading to the region’s larger economies.

The 17-nation currency slid for a seventh day versus the yen, the longest losing streak in four months, after Italy sold less than its maximum target at a debt auction. The yen and dollar strengthened as investors sought safer assets after a European report showed economic confidence dropped more than economists estimated in May. Asian currencies weakened, pushing the Bloomberg-JPMorgan Asia Dollar Index to the lowest level since September 2010.

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May 30th, 2012

Cattle futures fell to the lowest in two weeks on speculation that a sluggish global economy will curb demand for commodities. Hog prices dropped for the first time in a week.

The Standard & Poor’s GSCI Spot Index of 24 raw materials tumbled to the lowest since October on signs that the European debt crisis is escalating. China, the biggest consumer of everything from pork to soybeans, has no plans to introduce stimulus measures to support growth on the scale similar to 2008, the state-run Xinhua News Agency said yesterday.

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May 30th, 2012

Silver Futures – It has been a tough month for both silver prices and silver stocks. The Global X Silver Miners ETF (SIL) has fallen nearly 16 percent in the last month. Despite the recent drops analysts are still optimistic about silver’s future. “A greater amount of confidence in the global economy generally means higher growth and that means more silver demand. If you look out beyond the end of the year, you can still see reasons to be bullish,” David Jollie, an analyst at Mitsui & Co. Precious Metals Inc. said to Bloomberg News. Five Star Equities examines the outlook for companies in the Silver Industry and provides equity research on iShares Silver Trust ETF (nyse arca:SLV) and First Majestic Silver Corp. AG -0.18% .

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May 30th, 2012

S&P 500 Futures – U.S. stocks fell, putting the Standard & Poor’s 500 Index on pace for its worst month since September, after a gauge of pending home sales dropped by the most in a year and concern that Greece will leave the euro grew.

A measure of homebuilders in S&P indexes sank 4.2 percent. Caterpillar Inc. (CAT) and Chevron Corp. (CVX) dropped at least 2.2 percent to pace losses in the largest companies. Morgan Stanley and Citigroup Inc. (C) slid more than 3.3 percent. Research In Motion Ltd. (RIMM) fell 6.9 percent after forecasting a surprise operating loss and hired banks to advise on strategic options. Facebook Inc. (FB) lost 0.1 percent after yesterday’s 9.6 percent slump.

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