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Posts related to ‘Commodities’

Oil price fall graphic

Crude Takes a Beating Today; Goldman Braces for More Losses

We have already noted today’s pounding on gold mining stocks as the price of the yellow metal heads for $1,400 an ounce. Crude oil is taking a less severe beating, ...
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Oil price fall graphic

Crude Oil Could Fall Below $90 Real Soon Now

The spot price for WTI crude briefly fell to $90.27 this morning and still trades well below yesterday’s closing price of $93.51. The AAA Daily Fuel Gauge reports that the ...
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Blue flames of a gas stove

Natural Gas Inventory Declines Less Than Expected

The U.S. Energy Information Administration (EIA) today reported the U.S. natural gas stocks declined by 14 billion cubic feet last week, less than the decline of 21 billion cubic feet ...
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wheat field

Corn, Wheat Stockpiles to Rise

The U.S. Department of Agriculture (USDA) this morning released its monthly World Agricultural Supply and Demand Estimates (WASDE) report for April. The agency lifted its estimate on U.S. wheat stocks ...
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Oil pumpjack

OPEC Sticks with Its Lower Forecast

The Organization of Petroleum Exporting Countries (OPEC) released its April Oil Market Report this morning. The cartel did not change its forecast for global demand growth of 800,000 barrels a ...
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153715598

Small Increase in Crude Inventory Leads to Higher Price

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report this morning. U.S. commercial crude inventories increased by 0.3 million barrels last week, bringing the total U.S. commercial ...
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Sugar

Sugar-for-Ethanol Purchase Now One Step Closer

The U.S. Department of Agriculture has sent a proposal to President Obama spelling out the details of a sale of as much as 400,000 tons of surplus sugar to U.S. ...
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Tractor in field on farm

Hedge Fund Claims Success in Board Fight at Agrium

Jana Partners said this morning that it “appears” as if two of its candidates have been elected to the board of directors of fertilizer maker Agrium Inc. (NYSE: AGU). Jana, ...
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BP

BP Rebuffed Again on Spill Claims

The April 2010 well blowout in the Gulf of Mexico that took 11 lives and dumped 5 million barrels of crude in the Gulf of Mexico will cost BP plc ...
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Oil pumpjack

Another Big Problem for Harvest Natural Resources

Oil and gas producer Harvest Natural Resources Inc. (NYSE: HNR) said this morning that proved and probable reserves for its joint venture in Venezuela, Petrodelta, declined in 2012. The news ...
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Blue flames of a gas stove

Natural Gas Supply Slides as Cold Weather Gives Way

The U.S. Energy Information Administration (EIA) today reported the U.S. natural gas stocks declined by 94 billion cubic feet last week, slightly more than the decline of 91 billion cubic ...
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Crude Price Falling After Inventory Report

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report this morning. U.S. commercial crude inventories increased by 2.7 million barrels last week, bringing the total U.S. commercial ...
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Tractor in field on farm

The Corn Is High for Monsanto

Monsanto Co. (NYSE: MON) reported second-quarter fiscal 2013 results before markets opened this morning. The fertilizer and seed maker reported adjusted diluted earnings per share (EPS) of $2.73 on revenue ...
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Corn Field

Corn Planting Off to a Bumpy Start

It’s that time of year again. Yup, U.S. farmers are getting started on planting corn, but cool weather and wet ground are slowing down an early start, at least in ...
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Railroad

Transporting Petroleum by Rail and Pipeline — Which Is Safer?

One of the transportation methods commonly offered as an alternative to crude oil and refined product pipelines is rail transport. Last weekend’s 10,000 gallon rupture in an Exxon Mobil Corp. ...
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