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This is a sample entry from Craig Turner’s weekly market analysis newsletter, Turner’s Take, published on February 04, 2013. In this issue: MACRO Markets: Cash continues to leave the sidelines and get in the game. CORN: Drought conditions in WCB getting better with recent rains. We continue to hold bear spread new crop CZ/CU from… Read more.
Monday saw the loonie fall to its 21-day low against the U.S. dollar as Bank of Japan policy makers convened two days of meetings, Bloomberg reports. Investors and traders were keeping an eye on indications about the central bank of the Pacific Rim nation to determine whether it will implement additional easing measures. Japan’s economy… Read more.
Gold futures were hovering shy of the threshold value of $1,700 per troy ounce on Friday as the yellowish metal ebbed and flowed, according to Reuters. At one point on Friday, bullion was a bit more than $5 from striking that milestone price. But it tracked the downward drive of stocks after economic data released… Read more.
Healthy economic news and developments in the U.S. pushed up copper futures on Thursday as the base metal achieved gains of at least 1 percent, according to Reuters. The outlook for demand rose as housing and labor market data also enhanced optimism. The industrial metal is sensitive to financial and economic news due to its… Read more.
Tuesday saw the Canadian dollar fall against the world’s reserve currency and the Japanese yen as the monetary unit also monitored poor performances of copper and crude oil futures, according to published reports. Tugging down the loonie as well were remarks by the Japanese economic minister who noted dangers are in play against the yen… Read more.
The next fight in Washington is going to be over the US debt ceiling. On Dec 31, 2012 the US Treasury Department confirmed the US has reached the statutory debt limit. Congress has until February 28th to raise the debt ceiling. The GOP will want the US Government to reduce spending over the long term… Read more.
This is a sample entry from John Payne’s newsletter, This Week in Grain, published on January 7, 2013. I hope you had a fantastic holiday season and a happy New Year. It is WASDE week! This is one of the most critical WASDE reports we see all year. The USDA will provide us their final… Read more.
Monday saw minimal change to crude oil prices as conjecture spread about political leaders in the globe's top consumer of the energy commodity declining to increase the debt ceiling, according to Bloomberg. U.S. Republican leaders noted they are committed to mandating spending cuts in return for boosting the borrowing limit. The leaders were able to… Read more.
After the initial optimism following Tuesday's deal to resolve the fiscal cliff, oil futures dipped in price early on Thursday morning. While the U.S. economy was eventually spared from the nearly $600 billion in automatic tax increases and spending cuts scheduled to go into effect starting January 1, Reuters reports that this success is being… Read more.
Gold futures will drive through the psychological barrier of $2,000 per troy ounce next year, a senior mining analyst told The Gold Report. Though the past year hasn't been terribly exciting for the yellowish metal, the next year will be, Michael Fowler with Loewen, Ondaatje, McCutcheon Ltd told the news source. He predicted the significant… Read more.