October 31, 2023 Exports of main agricultural commodities made big weekly changes for wheat and soybeans; corn remained unchanged. Wheat Wheat exports fell on 1 year low, prices remained below $6 mark Weekly exports recorded the biggest drop in 1 year, decreasing by -253,498 tons. The total shipments for the week ending October 19th were …
Dr. Ken Rietz October 25, 2023 The weather this year in the US was not favorable for corn. The temperatures were often at record highs. Rain was scarce. It was set up for a smaller harvest than even last year. The reality is completely different. This year’s harvest is estimated to be 9.4% larger than …
October 24, 2023 Increased uncertainty, fueled by the Middle East conflict, hugely affects crude oil, gasoline and natural gas futures prices but fundamental data has made traders nervous. Crude Oil Increased production efficiency offsets soaring WTI prices amid Middle East conflict Strengthened crude oil production efficiency has been mainly driven by higher production volume as …
Geopolitical Risk Weighs on the Energy Market قراءة المزيد »
Dr. Ken Rietz October 18, 2023 The price of WTI crude oil jumped to a new 2023 high when the news of the Hamas-Israeli conflict hit. That is the typical market reaction whenever armed aggression occurs; it was much more prominent at the start of the Russian invasion of Ukraine in February 2022. It is …
October 18, 2023 Money-managed net funds were significantly affected by the latest WASDE report release and speculators placed their bets according to WASDE’s estimates for wheat, corn and soybeans. Wheat Speculators Bet on Bearish Scenario for US Wheat Speculators expanded their net short positions for the 5th straight week (as of Oct 10, 2023, CFTC …
Dr. Ken Rietz October 12, 2023 This is the inaugural issue of what is planned to be a monthly issue devoted to spreads. The intention is to present spreads with a bit of commentary. Additionally, we are eager to publish any spreads that you are interested in seeing. In this issue, we are including only …
October 10, 2023 Unexpected increase in gasoline stockpiles increased uncertainty in energy markets with crude oil falling, but LNG supported by exogenous factors. Crude Oil Crude oil inventories are back to pre-Covid levels, but uncertainty remains WTI crude futures remained stable below $83 per barrel on Friday’s close (10/06/2023) but were poised for a weekly …
October 3, 2023 US agriculture prices are under pressure due to higher-than-expected supply and increased competition from emerging sellers. Wheat CBOT Wheat Prices on Free Fall from Late July CBOT Wheat prices have plunged more than -28.8% from July 25th, as wheat weekly exports data started to be announced weaker compared to seasonality. U.S. wheat …
The Panama Canal Authority is restricting, for at least 10 months, the amount of traffic passing through the Canal, which normally carries 40% of the shipping from the US. This is due to a multi- year drought draining Gatu´n Lake, which supplies water to one of the three locks of the Canal. A similar situation …
Dr. Ken Rietz September 20, 2023 For many years now, the price of gasoline in the US has been lower than the price of diesel fuel, but that hasn’t always been the case. They were reversed consistently for a decade ending in September of 2004. But EIA projections show the price of diesel fuel now …