crude oil options

crude oil futures

August 29th, 2013

Crude oil futures fell from the highest settlement since May 2011 amid easing concern of an imminent American-led strike against Syria.

Futures slid as much as 1.4 percent in New York as the U.K. and France said they favor waiting for the results of a United Nations investigation into President Bashar al-Assad’s alleged use of chemical weapons. Prices surged yesterday on concern the conflict in Syria may spread and threaten oil supplies from the Middle East. Brent’s 14-day relative strength index stayed above 70 for a third day, according to data compiled by Bloomberg, signaling gains may have been exaggerated.

“The U.S.-led coalition is losing momentum,” said Andrey Kryuchenkov, an analyst at VTB Capital in London. “I don’t expect much downside though, and a potential quick strike over the weekend would still push” crude toward the highest levels of the year, he said.

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coffee brokers

Coffee futures

August 27th, 2013

Coffee futures robusta stockpiles are poised to slump to a 13-year low as torrential rain in Indonesia disrupts supply and consumers wait three more months before Vietnam’s new crop gets shipped.

Rain in the largest growing regions of Indonesia, the biggest producer behind Vietnam and Brazil, was as much as twice the 30-year average since April, MDA Weather Services says. Inventories certified by NYSE Liffe will tumble 34 percent to 52,000 metric tons by the end of 2013, the lowest since May 2000, the average of 10 trader estimates compiled by Bloomberg shows. Futures will gain 12 percent to $2,000 a ton over the same time, according to the median of seven forecasts.

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cattle options

live cattle futures

August 26th, 2013

Cattle prices advanced the most in almost two weeks on speculation that U.S. beef supplies will shrink as feedlots add fewer animals. Hog futures rose.

About 10 percent fewer cattle were added to feedlots last month compared to July 2012, government data showed on Aug. 23, after the close of regular trading. Corn prices climbed as much as 5.7 percent on the Chicago Board of Trade as a heat wave in the Midwest threatens crop yields. Animals use more energy to stay cool during higher temperatures, curbing weight gains.

“The cattle-on-feed report was positive,” Don Roose, the president of U.S. Commodities Inc. in West Des Moines, Iowa, said in a telephone interview. “The grain moving higher should be supportive. The other issue is the intense heat typically cuts weights.”

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commodity brokers

commodity investing 101

August 25th, 2013

Commodity Investing: Hedge funds and other speculators raised bets on higher gold prices to the most in six months as signs of slowing U.S. growth drove bullion above $1,400 an ounce for the first time since June.

The net-long position increased 29 percent to 73,216 futures and options by Aug. 20, U.S. Commodity Futures Trading Commission data show. Short contracts fell for a second week and to the lowest since Feb. 12. Net-bullish holdings across 18 U.S.-traded commodities jumped 34 percent, the most since July 2010, as wagers on copper and soybeans more than doubled.

Sales of newly built homes in the U.S. declined more than 13 percent in July and consumer confidence fell in the week ended Aug. 18, signaling a pause in economic expansion. The reports increased speculation the Federal Reserve will look for further signs of growth before easing stimulus. Gold rallied 18 percent from a 34-month low in June as Asian demand for jewelry strengthened and investors speculated the U.S. central bank will taper its monthly bond buying.

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copper trading

copper futures

August 23rd, 2013

Copper futures headed for the first weekly decline since July after shares in China retreated and as economic data supported the case for the U.S. Federal Reserve to reduce stimulus as early as next month.

Copper futures for delivery in three months on the London Metal Exchange was little changed at $7,322.50 a metric ton at 3:55 p.m. in Tokyo after swinging between a gain of 0.2 percent and a 0.6 percent drop. It’s down 1.1 percent this week.

Industrial metals followed the Shanghai Stock Exchange Composite Index (SHCOMP) lower as the gauge slid as much as 1.8 percent. U.S. jobless claims over the past month dropped to the lowest since November 2007 and the Fed is likely to begin to reduce bond buying next month, according to 65 percent of economists surveyed by Bloomberg from Aug. 9-13. China and the U.S. are the biggest metals consumers.

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commodity brokers

commodity futures news

August 22nd, 2013

Federal Reserve policy makers considering when to reduce bond buying were “broadly comfortable” with Chairman Ben S. Bernanke’s plan to taper this year if the economy strengthens, with a few saying a reduction may be needed soon, minutes of their last meeting show.

“Almost all committee members agreed that a change in the purchase program was not yet appropriate,” and a few said “it might soon be time to slow somewhat the pace of purchases as outlined in that plan,” according to the record of the Federal Open Market Committee’s July 30-31 gathering released yesterday in Washington.

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soybean brokers

soybean futures rise

August 21st, 2013

Rain in the Midwest in the next 10 days will mostly fall in northern and eastern areas and probably won’t bring “notable relief to dryness concerns,” Commodity Weather Group said in an e-mailed report. U.S. corn and soybean crops are maturing more slowly than normal after planting was late and temperatures were below average, a U.S. Department of Agriculture report showed Aug. 19, leaving crops at risk for frost in the next few months.

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natural gas brokers

natural gas futures

August 19th, 2013

Futures for September delivery gained as much as 0.5 percent to $3.481 per million British thermal units in electronic trading on the New York Mercantile Exchange and were at $3.474 at 11:45 a.m. in Singapore. The contract climbed 2.8 percent, the most in a month, to settle at $3.463 yesterday.

Forecasters including MDA Weather Services in Gaithersburg, Maryland, predicted above-normal temperatures from the U.S. Northeast to the West Coast through Sept. 2.

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gold options

Gold futures rise

August 18th, 2013

Speculators cut bullish and bearish bets on gold simultaneously for the first time in two months as prices advanced to the highest since mid-June on signs of strengthening physical demand.

The net-bullish position rose 18 percent to 56,604 futures and options by Aug. 13, as the 17 percent contraction in short bets exceeded the 3 percent drop in long wagers, U.S. Commodity Futures Trading Commission data show. Net-long holdings across 18 U.S.-traded commodities expanded 23 percent as the position in silver more than doubled and investors turned positive on copper for the first time since February.

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