Posts filed under “Commodities”
Click to enlarge: The New York Times – Searing Sun and Drought Shrivel Corn in Midwest Across a wide stretch of the Midwest, sweltering temperatures and a lack of rain are threatening what had been expected to be the nation’s largest corn crop in generations. Already, some farmers in Illinois and Missouri have given up…Read More
Reuters.com – COMMODITIES-Markets tumble again; CRB at 20-month low The sell-off in commodities showed little signs of abating on Wednesday as the dollar’s relentless climb against the euro and fears of a Greek exit from the euro zone forced a fresh tumble in prices of grains, metals and oil. The 19- commodity Thomson Reuters-Jefferies CRB…Read More
The BoJ meets tomorrow (2 day meeting) to decide on monetary policy. Speculation continues that they will add to their stimulus measures, which has weakened the Yen. Trade data is out on the 23rd May, which may reveal that the Japanese trade deficit widened in April - once again Yen negative; The FT reports that…Read More
From Ron Griess and the always fascinating Chart Store, we see a very different read of inflation.
He shares this awesome selection from his weekly blog (subscription only) of commodities, crude oil, copper, gold, silver, corn, coffee, cotton, and the S&P500 — all priced in terms of hourly earnings:
> “Dr. Copper is telling us that while the U.S. equity markets are being priced by such frivolous things as U.S. holiday retail sales, the global economy is experiencing a deceleration in growth [that will become evident] in the first half of next year.” -Jason Schenker, chief economist at Prestige Economics. > Those of you…Read More
FusionIQ’s Kevin Lane notes: Copper as seen on this weekly chart through last tick has broken two supports first near $ 50.00 (red line) and second (green line) near $ 46.00 – this free fall on volume is more indication that the market believes we are in a recession given copper’s ties as an economic…Read More