Posts Tagged ‘cftc’

Wheat Continues Epic Decent as Supplies Ample

by Christopher Lemieuxon June 30, 2014 9:41 pm BST
Speculators continued to get more bearish on wheat as forecasts see crops as more than ample. Prices on wheat futures have collapsed from $744 to $576, or $5.76 per bushel. Traders are betting that wheat prices will continue to decline, holding the most net-short contracts since mid-February. Global wheat inventories are expected to reach three-year […]

Gasoline Falls After Speculators Up Bullish Ante; Futures Trade within Triangle

by Christopher Lemieuxon June 2, 2014 1:37 pm BST
Gasoline futures fall two consecutive days, breaking $3 per barrel after not being able to break $3.025 per gallon. The fall follows the Commodity Futures Trading Commission (CFTC) commitment of traders data, which indicated net-long gas positions increased by 1,311 contracts and options, totally 60,130. Gas in the United States averaged $3.669 per gallon, up […]

Euro In Focus During Election Protests; EURUSD Consolidating

by Christopher Lemieuxon May 26, 2014 11:04 am BST
The euro saw a little action in early trade, as the United States markets are closed for Memorial Day. Price action is held under resistance at 1.3645, while euro-skeptic parties in the European Parliament elections gain traction. Market participants see this as a hindrance of central bank policies if such parties prevail. “In the absence of […]

Natural Gas Bullishness Drops to Five-Month Lows on Supplies

by Christopher Lemieuxon May 19, 2014 8:52 am BST
Natural gas bullishness drops to five-month lows due to increasing supplies in natural gas inventories. According to the commitment of traders data released by the Commodity Futures Trading Commission (CFTC), money mangers cut net-long positions by 9.1 percent in the week ending on May 13. This was the lowest level since December. With the winter […]