Agriculture
Weather will impact where we go as we try and gage the South American crop which is slated to offer corn for export below U.S. prices. In the overnight electronic session, the May corn is currently trading at 560 ¾ which is 7 ½ cents higher.
Currencies
Nifty Futures trading in dollar terms on SGX-NSE Connect platform, which is currently on SGX will eventually, move significant business out of SGX in Singapore to this centre.
Metals
Elsewhere in the precious metals space, silver (SLV) has generally fared better over the past several months.
Oil
Surge in gasoline demand is keeping current levels higher from the same time last year when demand took a massive hit. As oil sold off, the contango expanded and the rest of the curve flattened both indicating that such uncertainty is being extended beyond the current front two delivery months. You d think the slow death of oil demand would mean the slow death of Saudi Arabia. After EIA’s report for last week’s draw of 1.73 million barrels, we expect total gasoline stocks to be drawn by 200,000 barrels for the week of April 2nd.
For the crude oil market, specifically, it’s been the clear combination of front-end contango and flattening elsewhere both visibly corrupting the lovely backwardation. In oil futures, beautifully steep backwardation from beginning to end, near-term to far. Even as the entire WTI curve is upward from the bottom of the previous selloff (March 23), the backwardation embedded within its contract prices continues to flatten off.
QE, oil pricing, regime change, and FATCA were the main ace cards in the government’s deck. It’s sitting on an ocean of oil that has made it wealthy, powerful and relatively stable for decades. The gasoline imports of total 148,000 barrels to West Coast were aboard MR tanker TAMIAT NAVIGATOR (9422237) loaded at Ulsan, South Korea and discharged at Los Angeles, California. For more details visit the page US East & West Coast Gasoline Import Forecast or copy and paste link in EIKON search box: amers1.apps.cp.extranet.thomsonreuters.biz/cms/?navid=942731478 Your comments are always welcome.
The Gasoline Import Forecast of US West Coast stands at 21,000 bpd aboard one MR tanker for the week ending April 2nd. less Like a child fixated on a shiny new toy, I was enthralled by trading in WTI futures on Monday. The NYH RBOB remains the weakest regional gasoline market.
For the crude oil market, specifically, it’s been the clear combination of front-end contango and flattening elsewhere both visibly corrupting the lovely backwardation. In oil futures, beautifully steep backwardation from beginning to end, near-term to far. Even as the entire WTI curve is upward from the bottom of the previous selloff (March 23), the backwardation embedded within its contract prices continues to flatten off.
QE, oil pricing, regime change, and FATCA were the main ace cards in the government’s deck. It’s sitting on an ocean of oil that has made it wealthy, powerful and relatively stable for decades. The gasoline imports of total 148,000 barrels to West Coast were aboard MR tanker TAMIAT NAVIGATOR (9422237) loaded at Ulsan, South Korea and discharged at Los Angeles, California. For more details visit the page US East & West Coast Gasoline Import Forecast or copy and paste link in EIKON search box: amers1.apps.cp.extranet.thomsonreuters.biz/cms/?navid=942731478 Your comments are always welcome.
The Gasoline Import Forecast of US West Coast stands at 21,000 bpd aboard one MR tanker for the week ending April 2nd. less Like a child fixated on a shiny new toy, I was enthralled by trading in WTI futures on Monday. The NYH RBOB remains the weakest regional gasoline market.
United States
David Fickling suggests this crusade is as much a threat to the corporate world order as Trump s trade war was. is one of the worst performers on the Nasdaq today, down 7.8% to trade at $54.52 at last check. One stock sitting near the top of the Nasdaq today is . Trump tried to make an empire of fiat great again. Research from our team of in-house analysts has been quoted by The Wall Street Journal, Bloomberg, MarketWatch, USA Today, Kitco, Reuters, US News & World Report, CNBC, and more.
The US government failed miserably against the Coronavirus. But Donald Trump s presidency strained that symbiosis. A Philly Fed study agrees with Econintersect’s assessment.
0 The US government failed miserably against the Coronavirus. But Donald Trump s presidency strained that symbiosis. A Philly Fed study agrees with Econintersect’s assessment.
