June Natural prices climbed to a new high for the move during the initial morning hours but could see some back and fill action ahead of this morning’s EIA storage data. The market has experienced a level of support on expectations that this week’s storage injection would run short of year ago levels. Continue Reading…

July wheat was trading 1 3/4 cents higher late in the overnight session. Outside market forces look mixed to slightly positive today. Traders are not comfortable with the hot and dry forecast for southern Russia and Ukraine and there are also concerns for deteriorating crop conditions in western Kansas and less than ideal conditions for parts of eastern Europe. Continue Reading…

Overnight gains in June crude oil evaporated heading into the US open, pressured by uncertainty surrounding Greece and as fears over a European debt contagion drive market direction. Continue Reading…

July cotton pushed sharply lower yesterday and to a 20-month low as bearish supply/demand factors continue to pressure. While planted acreage in the US may not be as high as expected and Texas weather looks a bit challenging, the market sees the world supply/demand news with both beginning and ending stocks at record highs as a constant reminder that prices may need to push down low enough to encourage new demand and discourage future production. Continue Reading…

It is somewhat surprising to see June bonds holding within close proximity to yesterday’s highs in the early Thursday US trade as the trade appears to have skirted the latest Euro zone debt auctions results. Continue Reading…

June gold prices have managed to claw back above the prior session’s high in the overnight action and that is probably the result of a minor stimulus move in China and perhaps some of the gains this morning are the result of relief that the Spanish auctions went off with only marginally higher yields. Continue Reading…

After a peak in late March, the market has remained in a steady downtrend channel but positive technical action in the past few days in the face of fairly negative outside market forces suggests at least a temporary bounce may be necessary to correct the oversold condition. Continue Reading…

July corn was trading near unchanged late in the overnight session. Outside market forces are mixed to slightly supportive as a firm tone to gold and mixed trade in equity markets has fund traders a little less concerned with deflationary forces. Continue Reading…

More than likely July copper prices were moderately oversold into the prior session’s lows, as that action brought copper prices to a high to low loss in May of roughly 40 cents a pound. Copper saw some support from news overnight that China was providing fresh stimulus, with a plan to stimulate domestic consumption with a subsidy for energy efficient appliances. Continue Reading…

July coffee is finding moderate pressure this morning, with prices remaining far below yesterday’s early highs. For the third time in the past month, July coffee could not sustain a rally above the 180.00 level as sluggish macroeconomic sentiment continues to weigh on prices. Continue Reading…