Market Overview

Commodities

  • Oppenheimer: Exxon Mobil Needs $85 Crude Oil

    2015 Mar 03, 10:40am Analyst Color, Oppeneheimer, XOM, Commodities, Markets, Analyst Ratings

    Exxon Mobil Corporation (NYSE: XOM) needs $85 crude oil to avoid a $9 billion shortfall in cash flow this year and next, according to a new report from Oppenheimer. Since the oil price accelerated six months ago, Exxon has collapsed 11.5 percent to $87.40. While Oppenheimer doesn't go as...

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  • Nomura Says U.S. Is The Biggest Loser In Steel Trade Wars, Downgrades 2 Names

    2015 Mar 03, 10:33am AKS, Analyst Color, China, Curt Woodworth, Nomura, Russia, Steel, STLD

    In a report published Tuesday, Nomura analyst Curt Woodworth argued that the United States is the biggest loser in the steel trade wars. According to Woodworth, there are two major structural changes underway that should "significantly" alter the global steep landscape in the coming...

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  • Wheat Moves Lower

    2015 Mar 03, 10:30am Futures, Commodities, Markets

    Chicago Wheat Futures have extended Monday's losses and are trading lower on Tuesday. May Chicago Wheat is trading at 495, down 5 cents. July Chicago wheat is trading at 499, down 5 cents. May Kansas City Wheat is trading at 523 3/4, down 2 cents. State agricultural departments released wheat...

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  • Live Cattle Little Changed

    2015 Mar 03, 9:16am Futures, Commodities, Markets

    Live cattle futures are trading a little lower Tuesday after Monday's sharp advance. April Live Cattle is trading at 153.17, down 0.27. June Live Cattle is trading at 145.27, down 0.55. Trading is expected to be choppy and range-bound after the sharp advance on Monday.

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  • Lean Hogs Slightly lower

    2015 Mar 03, 9:15am Futures, Commodities, Markets

    April Hogs are trading at 67.30, down 0.47. June Hogs are trading at 82.70, down 0.35. Trading is expected to be choppy. Market talk that weather getting better will bring more hogs next week has pressured prices. Some talk that better weather will also help demand has led two a very volatile two-...

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  • NY Cotton Moves Lower On Demand Worries

    2015 Mar 03, 9:05am Futures, Commodities, Markets

    The International Cotton Advisory Committee raised its forecast for world inventories to 21.41 million tons, a bit higher than previously forecast. The committee sees lower consumption for China, Turkey and Pakistan. Turkish consumption is expected to drop 4 percent. China consumption is estimated...

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  • NY Sugar Moves Lower

    2015 Mar 03, 8:55am Futures, Commodities, Markets

    Large global supplies continue to weigh on sugar prices. NY Sugar has moved lower Tuesday morning. May Sugar is trading at 13.43, down 0.21. Trading has stalled a bit, some buying is seen near 13.34. Market chatter about concern over Chinese demand has emerged. Little reaction in sugar futures from...

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  • NY Coffee Moves Down

    2015 Mar 03, 8:34am Futures, Commodities, Markets

    NY Coffee futures are trading lower Tuesday. Market talk about Southern Hemisphere weather that has been favorable for coffee growing and chatter about currency values continues to weigh on coffee prices. Market talk is that demand needs to pick up and high retail prices have not reflected the...

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  • Wheat Little Higher

    2015 Mar 03, 6:37am Futures, Commodities, Markets

    Wheat Futures are trading higher Tuesday morning. May Chicago Wheat is trading at 501 1/4, up 1 1/2 cents. July Chicago wheat is trading at 505, up 1 cents. May Kansas City Wheat is trading at 527 1/4, up 1 1/2 cents. The USDA reported that weekly export inspections for wheat were just over 450,...

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  • Corn Little Higher

    2015 Mar 03, 6:36am Futures, Commodities, Markets

    USDA weekly export corn inspections were 1.28 million tons versus estimates of 850,000 tons. Market talk that corn export shipments have been poor and not over 1 million tons since last fall is making the rounds. Traders are concerned that shipments are below the five-year average. Brazilian Corn...

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  • Soybeans Little Changed

    2015 Mar 03, 6:35am Futures, Commodities, Markets

    USDA reported weekly export inspections for soybeans were 635,164 tons versus estimates of 850,000 tons. Brazil's soybean exports for February were around 868,000 tons versus 2.789 million tons last year and just over 85,000 tons in January May Soybeans are trading at 1015, up 1 1/4 cents. Soybean...

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  • NY Coffee Little Changed

    2015 Mar 03, 6:34am Futures, Commodities, Markets

    May NY Coffee is trading at 138.55, up 0.20. Southern Hemisphere weather has been favorable for coffee growing. Lots of market chatter about global currency values continues, both for the U.S dollar and Brazil's real. Overnight trading has quiet with a small price range, with a narrow range.

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  • Cocoa Little Changed

    2015 Mar 03, 6:33am Futures, Commodities, Markets

    NY Cocoa is trading a little lower Tuesday morning. Trading has been quiet and a little soft during early trading. NY May Cocoa was trading down 17 at 2989. July Cocoa is trading very lightly at 2977, down 13. Market talk about tight supply continues.

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  • NY Cotton Lower

    2015 Mar 03, 6:32am Futures, Commodities, Markets

    NY Cotton prices are trading lower Tuesday morning. May NY Cotton is trading at 64.26, down 0.59. Market talk about the U.S. planting season and lower expected acreage is considered supportive. Market chatter that demand needs to pick up to sustain any move higher has led to some pressure\. Trading...

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  • NY Sugar Lower

    2015 Mar 03, 6:32am Commodities, Forex, Markets

    NY Sugar is trading lower Tuesday morning. May Sugar was trading at 13.53, down 0.13. Market chatter about concern over Chinese demand and the strong U.S. dollar has added pressure after Monday's lower trading. Some market talk that sugar exports from Brazil during February were 811,000 tons versus...

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