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Thursday, July 28, 2016
Bad Week in Corn and Beans
Posted Friday, July 22, at 1:08 PM
Farmers and traders were anxious about the "heat dome" that hit the Midwest earlier this week. Both crops are at a critical stage, and high temperatures now can drastically reduce crop yields. Even though one might expect the prices for corn and beans to rise due to the heat, the opposite occurred...

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Bargain Barbecue
Posted Friday, July 15, at 1:24 PM

Pork prices are dropping due to record pork and poultry production this year, bringing backyard barbecues to the cheapest level of the summer. While low prices are making it difficult for livestock producers to turn a profit, they are still benefitting from low corn prices, near $3.55 per bushel on Friday...

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Gasoline Market Gutted
Posted Friday, July 8, at 2:27 PM

As Americans enjoyed the Independence Day holiday last weekend, they likely noticed lower gasoline prices as they fueled up their cars and boats. US refineries have been running near full speed for months, making more gasoline than drivers are using. This led to all-time high gasoline stockpiles, nearly 10% higher than last year. Even if refineries slow down, some analysts expect that prices could stay lower for the foreseeable future as crude oil stockpiles are at record high levels as well...

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Silver Sparkles, Gold Booms
Posted Friday, July 1, at 1:53 PM

In a major move akin to the past inflationary displays, the price of gold and silver exploded this week as investors, hedgers, and speculators rushed to jump on the precious metals train as prices blew over the highs of last year. Concerns about political and financial stability dominated the news after the British referendum to exit from the European Union. ...

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'Brexit' Reaches Breaking Point
Posted Friday, June 17, at 1:09 PM

The United Kingdom could be breaking away from the European Union in the near future, depending on the outcome of a vote next week. The June 23 referendum could set the stage for a British exit, or "Brexit," from the EU, putting strain on their respective economies and creating political turmoil on both sides of the English Channel...

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Florida's OJ not so Sunny
Posted Friday, June 10, at 1:36 PM

Orange juice futures hit a four-year high after Tropical Storm Colin tore across Florida. June 1 marked the beginning of the Atlantic hurricane season, and three named storms have already struck this year, worrying citrus growers in America's most hurricane-prone state...

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Pork Gets Pricey
Posted Friday, June 3, at 2:14 PM

Meat lovers may soon be wishing that they had stocked up on Memorial Day pork specials, as hog prices exploded to a 20-month high this week. Demand for pork has been rising recently as the summer grilling season begins, which helped boost prices by over 6% this week, proving that pigs can fly...

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Crude Rebounds to $50
Posted Friday, May 27, at 1:17 PM

Crude oil prices punched to the highest price since last October, hitting $50.21 per barrel on Thursday. Prices have nearly doubled since falling near $26 in February, rising as global oil production has slowed, especially due to output shortfalls in Canada, Libya, and Nigeria...

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Milk Turns Sour
Posted Sunday, May 22, at 6:21 PM

US milk futures contracts have collapsed to a six-year low as dairy farmers boost production amidst slowing consumption. Slowing Chinese demand, Russian bans on US milk, and Americans' preference for alternative drinks have left dairy farmers feeling sour...

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Corn Planting Pressures Prices
Posted Friday, May 6, at 6:29 PM

Corn farmers have been hard at work planting this year's crop, and now have over half of their acreage planted nationwide after this week's dry weather let them get into their fields. On average, those farmers are a full week ahead of schedule, putting downward pressure on corn prices...

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Grains go for Elevator Ride
Posted Friday, April 22, at 5:01 PM

Grain elevators full of corn, wheat, and soybeans had a wild week, making a quick price trip up and then back down again. Prices for the three major US commodity crops exploded to multi-month highs on Thursday as fears abounded that the South American corn and soybean crops could fall short of expectations...

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Sour Outlook Boosts Orange Juice Prices
Posted Friday, April 8, at 1:41 PM

Orange juice reached the highest level of the year, rising as concerns mount about Florida's orange crop. This year's harvest is expected to be the worst in more than 50 years as Florida battles a tree disease known as citrus greening. The disease drains nutrients from the trees, causing them to drop premature fruit, and ultimately kills trees. ...

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Crude Spurts Higher
Posted Friday, March 11, at 1:29 PM

Oil gushed to $39 per barrel on Friday morning, the highest price in over three months. Prices gained after the International Energy Agency suggested that "black gold" may have bottomed out. The agency pointed to potential deals between major oil producers to cap production as a factor that could further boost prices...

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Gold Vaults to One-Year High
Posted Friday, March 4, at 2:40 PM

Gold prices exploded this week, topping $1280 per ounce, the highest price since January 2015, when prices peaked out near $1310. Gold bugs are rushing out of the woodwork as investors shy away from volatile stocks, bonds, and crude oil, seeking the perceived safety of the yellow metal...

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Refinery Cutbacks Supercharge Gasoline
Posted Friday, February 26, at 1:44 PM

Gasoline prices jumped this week after data showed that US gasoline stockpiles fell for the first time in nearly four months, a sign that demand has finally caught up with supply. Gasoline consumption is estimated to be up over 5% from last year, as drivers take advantage of cheap fuel...

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Oil Deal Slips Away
Posted Friday, February 19, at 2:19 PM

Major oil producers announced a deal Tuesday that could halt the bloating of global oil supplies, potentially boosting prices. Saudi Arabia and Russia, the world's two largest exporters, along with Qatar and Venezuela, two OPEC members, agreed to cap oil production at current levels...

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Gold Bugs are Buying
Posted Friday, February 5, at 12:50 PM

Gold prices exploded to a three-month high on Friday, pushing over $1160 per ounce. Gold has been climbing as US Federal Reserve members signaled that interest rates are likely to stay low for a while. Higher interest rates can dampen demand for precious metals, but rates at their current level could encourage buyers...

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Petro Catches on Fire
Posted Friday, January 22, at 9:59 PM

Crude oil, heating oil, and gasoline prices staged a massive turn to the upside this week as investors stepped up bargain hunting and speculators scrambled to take profits on oil they had sold short during the past few months. Despite record global supplies and many production facilities still pumping at hefty rates, analysts alerted opportunists and end users to grab the dirt cheap fuel (below $27 per barrel on Wednesday), hoping to beat the crowd before the market turns upwards in earnest. ...

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Diesel in a Deep Dive
Posted Friday, January 15, at 5:27 PM

Petroleum markets continued their downward spiral this week, led lower by diesel fuel. Futures prices, which don't include taxes or other expenses, fell as low as 95 cents per gallon on Friday, the lowest price since 2004. Diesel is predominantly used in large, powerful vehicles, but it is also an important heating fuel, especially in the Northeast, where consumers are enjoying sharply lower heating oil bills this winter...

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2015: A Year of Commodity Volatility
Posted Sunday, January 3, at 6:16 PM

As the year ends, we want to take a look back at the record-breaking commodity moves and the events that drove them during 2015. New drilling technologies over the past few years allowed the US to rapidly expand oil and natural gas production, making it the largest producer of hydrocarbons in the world, outpacing Russia and Saudi Arabia...

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Commodity Futures File
Alex Breitinger
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Alex Breitinger, a 2009 graduate of DePauw University, is a commodity futures broker with Breitinger & Sons, LLC in Valparaiso. He can be reached at 800-411-FUTURES (3888) or online at www.indianafutures.com.
Hot topics
Bad Week in Corn and Beans
(0 ~ 12:08 PM, Jul 22)

Bargain Barbecue
(0 ~ 12:24 PM, Jul 15)

Gasoline Market Gutted
(0 ~ 1:27 PM, Jul 8)

Silver Sparkles, Gold Booms
(0 ~ 12:53 PM, Jul 1)

'Brexit' Reaches Breaking Point
(0 ~ 12:10 PM, Jun 17)