sugar futures brokers

sugar futures brokers

August 24th, 2018

Sugar futures prices have fallen to their lowest levels in a decade and are likely to drop further as record world-wide production collides with healthier eating.

Raw sugar futures traded on the ICE Futures U.S. exchange SBV8, -1.90% settled at 10.1 cents a pound on Monday, the lowest finish for a front-month contract since June 10, 2008, according to Dow Jones Market Data. Year to date, prices have lost more than 32%—the biggest percentage decline so far among major commodities.

“The world has gone from supply deficit to supply surplus in the past year and a half,” says Sal Gilbertie, president and chief investment officer at Teucrium Trading. “This year, both India, the world’s second-largest producer of sugar, and Thailand, the world’s fourth-largest sugar producer, are having record production years, which has ballooned the surplus.”

World sugar production is forecast to reach a record level of 187.6 million metric tons in the 2017-18 marketing year, according to the United Nations’ Food and Agriculture Organization, or FAO. That would mark an increase of just over 11% from the previous year.

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s&p futures news

s&p futures news

August 7th, 2018

Wall Street was higher on Tuesday, as the S&P 500 edged closer to the all-time high it reached in January.

The S&P 500 rose 8 points, or 0.29%, to 2,858.70 as of 9:35 AM ET (13:35 GMT). The all time high is 2,872.87.

The Dow increased 103 points, or 0.41%, to 25,605.58 and the tech-heavy Nasdaq Composite gained 34 points, or 0.44%, to 7,894.08.

Stock prices were driven higher by a better-than-expected earnings season, with almost 80% of the S&P 500 since Monday posting profits to the upside, according to FactSet. Meanwhile, the CBOE Volatility Index (VIX), or Wall Street’s fear gauge, fell to its lowest level since early February.

Earnings season continues, with the biggest focus on Walt Disney (NYSE:DIS) and Snap (NYSE:SNAP), which both report after the close. Disney was up 0.78%, while Snap slumped 1.69%.

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S&P 500 Posts 5th Straight Weekly Gain

On August 6, 2018, in S&P 500 futures news report, by Infinity Trading
S&P 500 Futures

S&P 500 Futures

August 6th, 2018

Wall Street’s bullish wave, which commenced in July, continues in the first week of August despite the presence of trade war concerns and geopolitical conflicts. The benchmark S&P 500 index — generally used by market participants as the barometer of the broad market movement — was up for fifth straight week.

Robust U.S. economy, strong labor market, solid consumer and business spending along with government’s deregulation policies is likely to pave the way for further upside. Massive tax cut and fiscal stimulus will act as catalysts. Consequently, investment in S&P 500 stocks, which provided significant return in the last one month with favorable Zacks Rank and have further upside potential, will be a prudent move.

The S&P 500 Riding on Bull Run

In the last five weeks, the S&P 500 gained 1.5%, 1.5%, 0.1%, 0.6% and 0.8%, respectively. This marks the broad-market index’s longest weekly winning streak so far this year. Year to date, the S&P 500 is up 6.2%.

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wheat futures brokers

wheat futures brokers

August 2nd, 2018

Wheat prices leapt to multiyear highs on Thursday on fears of curtailed exports from the Black Sea after heat and drought damaged crops across Europe.

Milling wheat in Paris settled up 2.7 per cent at €212.75 per tonne, the highest since 2014. In Chicago, soft winter wheat closed 0.4 per cent higher at $5.60½ a bushel after spiking near $6 for the first time since 2015.

Headlines from Ukraine, a leading grain producer, ignited a market already fretful over short supplies this year.

Ukraine planned to sign a memorandum with traders to set limits for grain exports, Bloomberg reported, citing a Agriculture Ministry statement posted on Facebook. The ministry’s press service later said that it was not holding talks about “strict and direct limits for milling wheat exports,” Reuters reported.

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crude oil futures 101

crude oil futures 101

August 2nd, 2018

Oil prices dropped Thursday, extending losses that came in the wake of fresh U.S. government data showing mounting petroleum stockpiles.

Brent crude LCOV8, -0.35%  , the global benchmark, was down 0.6% at $71.94 a barrel on London’s Intercontinental Exchange. On the New York Mercantile Exchange, West Texas Intermediate futures CLU8, -0.40%  were trading down 0.9% at $67.05 a barrel.

The U.S. Energy Information Administration said late Wednesday that U.S. crude oil inventories increased by 3.8 million barrels last week, to stand at 409 million barrels. Traders and analysts surveyed by The Wall Street Journal had predicted an average weekly decline of 2.2 million barrels.

Prices fell to their lowest level in almost six weeks after the data came out Wednesday.

“The build was driven by lower crude oil exports, which fell by 1.37 million barrels a day week-on-week,” according to analysts at ING Bank.

Tamas Varga, an analyst at brokerage PVM Oil Associates, noted that total U.S. commercial oil inventories, including refined products, increased by more than 10 million barrels last week.

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