Wednesday, March 10, 2010
It looks like the API is playing catch up to the Department of Energy. A massive crude build according to the American Petroleum Institute, along with big product draws is going to keep the oil market on edge.
The API released another shocker when they said that US oil inventories increased by an [...]

Wednesday, March 10, 2010
Our weekly export inspection report came out Monday,  almost ignored as the market gets ready for the Wednesday 7:30 am Central Time U.S.D.A. crop report.
Let’s review them anyway, so we are on top of demand fundamentals.  Lowly wheat inspections were 20.4 million bushels inspected for near-term export versus 19 the week prior; [...]

Wednesday, March 10, 2010
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OVERNIGHT/EARLY MORNING DEVELOPMENTS

The market features in overnight/early morning trading today are firmer crude oil and gold futures prices.
JIM’S MARKET THOUGHT OF THE DAY *
Most agricultural commodity futures markets have price “seasonality,” whereby prices tend to trend higher or lower at certain times of the year. The seasonality in ag [...]

Wednesday, March 10, 2010
U.S. equity markets are trading firm overnight after yesterday’s surge to the upside. Buying pressure dried up late in the session, but no damage was done to the uptrend. Volatility is falling which is making traders appear complacent. This could be both good and bad. On the good side, it could mean [...]

Tuesday, March 9, 2010
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OVERNIGHT/EARLY MORNING DEVELOPMENTS
The market feature in overnight/early morning trading today is a stronger U.S. dollar index and lower crude oil and gold futures prices.
JIM’S MARKET THOUGHT OF THE DAY *
Crude oil prices are under selling pressure today, after having pushed above $82.00 a barrel on Monday. While no near-term [...]