Why Did Grains Close Higher on Wednesday?
On Wednesday, Archer-Daniels-Midland (ADM), Bunge (BG), and Monsanto (MON) rose 1.7%, 0.56%, and 0.14%, respectively.
March wheat futures were trading near the crucial support level of $4.70 per bushel on March 10. Wheat prices traded near the month high on the day.
March wheat futures trading on the CBOT rose and closed at $4.63 per bushel on March 9, 2016. Wheat futures prices boosted the wheat export sentiments.
Natural Gas Prices Hit Key Resistance of $2.90 MMBtu
August natural gas futures contracts trading on the NYMEX resumed their rally on Thursday, July 15, 2015.
August natural gas futures contracts increased by 2.71% and closed at $2.91 per MMBtu on Wednesday, July 15, 2015.
WTI crude oil futures contracts for August delivery closed below $52 per barrel for the first time in the last five days on July 15, 2015.
Will Energy and Commodities Keep Driving Emerging Markets?
VanEck JAN VAN ECK: U.S. equities were affected because corporate earnings turned positive only when energy companies started recovering in the third quarter. In fixed income, high yield improved after…
The S&P 500 Energy Select Sector (XOP) (OIH) is trading at the highest PE ratio of ~32x relative to the other sectors based on EPS estimates for 2017.
Market surveys suggest that Cushing crude oil inventories rose between December 16 and December 23, 2016.
Euro Bulls Celebrate the First Round of France’s Election
The global reserve currency, the US dollar (UUP), has been stuck in a narrow range for the last few weeks. It formed temporary bottom near 98.30.
After falling to the lowest levels since November 11 on Monday, the US dollar is slightly weaker in the early hours on April 25.
Another important phenomenon that played on the fall of precious metals on Wednesday, April 19, was the upswing of the US dollar.
What Do Analysts Recommend for NGL Energy Partners?
62.5% of analysts rate NGL Energy Partners a “buy,” 12.5% rate it as a “hold,” and the remaining 25.0% rate it as a “sell.”
In this series, we’ll look at four American upstream energy companies’ production trends over the last few quarters.
Profitability in the refining industry is determined by the revenues earned by selling finished products minus the cost of crude inputs—until recently, refiners were buying lower priced crudes to produce refined product, which sold at better prices internationally.