May soybeans were trading unchanged late in the overnight session but they were initially sharply higher! Palm oil futures in Malaysia overnight also reached up to the highest level since March 8th of 2011 off fears of tightening supply from South America. Continue Reading…

May natural gas prices established a new contract low during the early morning hours as they continue to struggle with record supply levels and insufficient demand. The market reversed early gains on Thursday after EIA storage data that showed a larger than expected injection of 42 bcf. Continue Reading…

May wheat was trading 1 3/4 cents higher late in the overnight session. However, outside market forces look negative this morning with the equities weaker off of Friday’s US disappointing jobs report and also some disappointment with Chinese inflation readings. Continue Reading…

May crude oil had a gap lower open Sunday evening, as it reacted to weak US labor market stats from Friday, reports that Iran has agreed to discuss their nuclear program with western nations and higher than expected Chinese inflation readings reducing prospects for more central bank easing. Continue Reading…

The silver market is actually starting out weaker but it initially managed a fresh new high for the move in the wake of strong action in the gold market. However, the end of an Indian jewelers strike is of limited benefit to silver and like gold, silver is also seeing some minor lift off talk that the US numbers might force the US Fed to reconsider its recent migration to an on hold stance. Continue Reading…

July cocoa finally showed some limited signs of strength late last week by staying clear of the recent lows for the move. Even so, a $274 loss during the past seven sessions reflects a sharp deterioration of overall cocoa market sentiment. Continue Reading…

Not surprisingly the June bonds managed to reach the highest price since March 13th in the wake of the much weaker than expected Non farm payroll results last Friday. While there appears to be some hope that weaker US scheduled data and renewed Euro zone troubles might reverse the Fed’s on-hold stance, that could take a series of weak data points and significant turmoil across the pond. Continue Reading…

May corn was trading 1 1/4 cents lower late in the overnight session. Corn probably saw some support from news of a Chinese purchase of Ukraine corn and it is possible that corn saw some spillover support from a rather surprising initial rally in soybeans overnight. Continue Reading…

The gold market is supposedly tracking higher off renewed hope of QE from the US Fed in the wake of the disappointing US payroll results from last Friday but that line of thinking might be put to a test in the face of a Fed Chairman Speech later today. Continue Reading…

The cotton market is surprisingly strong this morning considering the weaker stock market and the disappointing economic data on Friday. With the stock and commodity markets closed on Friday, this is their first chance to react to the disappointing jobs data from Friday morning. Continue Reading…