Weakness in London futures overnight helped to pressure the market even with a positive tilt to outside market forces. Traders remain a bit concerned with the recent weather in Brazil as too much rain could slow the harvest pace in the center-south region and dry conditions in the northeast could cause smaller yields ahead. Continue Reading…

July corn was trading 5 cents higher late in the overnight session. Outside market forces were negative overnight but shifted to a more positive tone this morning with the US equity markets showing some strength and gold was higher again. Continue Reading…

The copper market has managed some recovery action overnight but it is clear that copper and other industrial commodity markets are not benefiting as conclusively as the precious metals market from current conditions. Continue Reading…

July coffee has found moderate pressure this morning but remains on course for a second consecutive weekly gain. A three-week rally in the Dollar may be keeping further coffee gains in check, as early strength in US equity markets could help to keep coffee prices back into positive territory later on in the session. Continue Reading…

(6238) The DAX failed to rebound plunging instead lower breaking below 6300 on the way toward the target at 6187.  The indicators of the daily chart are still well negative now even oversold. Those of the s/t ones are also negative with further bullish divergences confirming the negative tone. Continue Reading…

Nymex June natural gas prices are trading modestly higher Friday, after enduring some volatile price action during U.S. traded hours. June natural gas futures ended the session lower Thursday, selling off from a 3 month high, pressure by some profit taking from recent strong gains. Continue Reading…

London Stocks End Firmly Lower; Greece Weighs

FTSE 100 closes 1.2% lower at 5338.38. Banks are among the worst performers, with Barclays off 3.8% and Royal Bank of Scotland down 3.7%. ICAP bucks the trend, gaining 1.6% after a broker upgrade. Confidence in the markets is unlikely to improve while Greece’s fate hangs on repeat elections (June 17),  trader  says. Continue Reading…

July soybeans were trading 11 1/4 cents higher late in the overnight session. China futures closed down 0.3% overnight and down for the 5th session in a row. Palm oil futures in Malaysia closed up 0.3% recovering from the 3.9% break the previous session. Continue Reading…

Surprisingly July silver has spent the majority of the overnight action trading above the prior session’s closing level. Silver appears to have seen some technical short covering action in the wake of the better than expected US data yesterday morning and therefore the bull camp probably needs to see additional positive readings from the US economic report slate today jut to throw off more of the rather surprising May slide in silver prices of $4.60 cents an ounce. Continue Reading…

July cocoa continues to find pressure from negative outside market factors this morning, although prices are holding well above their weekly lows. The ongoing political and economic problems in Greece are helping to fuel a “risk off” attitude throughout physical commodity markets, which may be keeping July cocoa from reaching a new weekly high early in today’s session. Continue Reading…