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Commodity Investment
Research--Futures Market Research

Click here for
your Free Commodity E Guide
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Calendar : August 25- August 29 |
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Aug 25 - 11:00
EDT Export Inspections-4:00 Crop Progress
Aug 26
- 10:00 EDT Consumer Confidence-New Home Sales
Aug 27 - 8:30
EDT Advanced Durable Goods-10:30 EIA/API Energy Stocks Report
Aug 28 - 8:30 EDT Export Sales-GDP (Q2 '08)-Jobless Claims- 10:30 EIA
Weekly Gas Storage report and energy stocks
Aug 29- 8:30 EDT Personal Income-10:00 Existing Home
Sales
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Future Market Research - Commodity
Investment Research
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Energies:
The crude oil futures sold off from all time highs this week.
There is still uneasiness
about the Russian invasion of Georgia, tight global supplies and Iran causing problems
that might disrupt oil production or distribution. Nearly 20% of the world's oil
has to come through the Strait of Hormuz and Iran could block that. The US refining capacity has dropped in the last 20 years because a new refinery
has not been built since 1976 which keeps distillate inventories low. US demand
on the other hand has increased significantly during this same time period.
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now and Open a New Trading Account today.
Metals:
Gold futures fell based on the strong US Dollar. Gold may find support because of
increased industrial demand, lack of
global production capacity, stagnant gold mine productions since 2000 and
higher demand for jewelry. Barrick Gold the largest gold producer in the world
expects production to be less in 2008 than in 2007.
Silver prices fell based on the
rise of the US Dollar.
Copper futures are trading down because of the rise in the US Dollar. Copper prices are currently holding the $3.30 level.
Grains: Soybeans sold off
this week based on good weather and the strong US Dollar.
Corn sold off precipitously from its all time highs. Wheat continues to fall in expectation of a huge
world crop.
Exotics: Coffee sold off to the 1.32 level in spite of dry weather, fund buying and the Brazilian government letting
farmers hold back supplies but rain sent the market crashing back down.
Sugar prices sold off to the 12.80 cent level because of falling
unleaded gas and corn prices.
Orange Juice sold off dramatically from its 15 year high in spite of the small size of the
Florida orange juice crop, citrus canker and damage to mature trees over the
last few hurricane seasons. The current crop forecast is predicted to be the
smallest in 18 years.
Cocoa sold off to $2700. Cocoa shipments are being disrupted by the
Nigerian strike and Ghana is expected to produce 30% less than previous estimates
this year because of black pod disease and problems with disease in Indonesia's
crop. Trouble is the Ivory Coast, where 50% of the world's cocoa comes from,
should still be monitored closely.
Meats: The feeder cattle
and live cattle futures are rallying to contract highs.
Financials: Interest rate sensitive
futures reacted to the rate cut to bail out the sub-prime loans. There seems to be a global trend for
higher short term interest rates.
Currencies: The
US Dollar is selling off near all-time lows based on China and other countries minimizing US Dollar
holdings in favor of diversifying with other currencies. These concerns within
the Asian banks about the weakening dollar and the perceived need to diversify
some of there assets in non US currency holdings are becoming a self fulfilling
prophecy and weakening the dollar even more. Most of the other major currencies
are not expected to raise rates soon.
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SITE MAP
Futures and options trading is risky and can result
in losses. Futures and options trading is not for
everyone and only risk capital should be
used. Options, cash and futures markets
are separate and do not necessarily
respond in the same way to a similar
market stimuli. Hypothetical performance results
have many inherent limitations, some of
which are described below. No
representation is being made that any
account will or is likely to achieve
profits or losses similar to those shown
in fact there are frequently sharp
differences between hypothetical
performance results and actual results
subsequently achieved by any particular
trading.
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