INO Morning Market Commentary
3 responses | 0 likes
Started by tallpine - June 3, 2020, 8 a.m.

KEY EVENTS TO WATCH FOR:



Wednesday, June 3, 2020 



7:00 AM ET. MBA Weekly Mortgage Applications Survey



                       Composite Idx (previous 746.5)



                       Composite Idx, W/W% (previous +2.7%)



                       Purchase Idx-SA (previous 281.2)



                       Purchase Idx-SA, W/W% (previous +8.6%)



                       Refinance Idx (previous 3466.2)



                       Refinance Idx, W/W% (previous -0.2%)



8:15 AM ET. May ADP National Employment Report



                       Private Sector Jobs, Net Chg (previous -20236K)



9:45 AM ET. May US Services PMI



                       PMI, Services (previous 26.7)



10:00 AM ET. May ISM Non-Manufacturing Report on Business



                       Non-Mfg Composite Idx (previous 41.8)



                       Non-Mfg Business Idx (previous 26.0)



                       Prices Idx (previous 55.1)



                       Employment Idx (previous 30.0)



                       New Orders Idx (previous 32.9)



10:00 AM ET. April Manufacturers' Shipments, Inventories & Orders (M3)



                       Total Orders, M/M% (previous -10.3%)



                       Orders, Ex-Defense, M/M% (previous -10.7%)



                       Orders, Ex-Transport, M/M% (previous -3.7%)



                       Durable Goods, M/M% (previous -14.4%)



                       Durable Goods, M/M% (previous -14.7%)



10:00 AM ET. April Metropolitan Area Employment & Unemployment



10:30 AM ET. EIA Weekly Petroleum Status Report



                       Crude Oil Stocks (Bbl) (previous 534.422M)



                       Crude Oil Stocks, Net Chg (Bbl) (previous +7.928M)



                       Gasoline Stocks (Bbl) (previous 255.0M)



                       Gasoline Stocks, Net Chg (Bbl) (previous -0.724M)



                       Distillate Stocks (Bbl) (previous 164.327M)



                       Distillate Stocks, Net Chg (Bbl) (previous +5.495M)



                       Refinery Usage (previous 71.3%)



                       Total Prod Supplied (Bbl/day) (previous 15.958M)



                       Total Prod Supplied, Net Chg (Bbl/day) (previous -0.628M)

                       

11:00 AM ET. May Global Services PMI



                       PMI, Services (previous 24.0)



Thursday, June 4, 2020 



7:30 AM ET. May Challenger Job-Cut Report



                       Job Cuts, M/M% (previous +202%)



8:30 AM ET. U.S. Weekly Export Sales



                       Corn (Metric Tons)



                       Soybeans (Metric Tons)



                       Wheat (Metric Tons)



8:30 AM ET. 1St Quarter Revised Productivity & Costs



                       Non-Farm Productivity (previous +1.2%)



                       Unit Labor Costs (previous +0.9%)



8:30 AM ET. Unemployment Insurance Weekly Claims Report - Initial Claims



                       Jobless Claims (previous 2123K)



                       Jobless Claims, Net Chg (previous -323K)



                       Continuing Claims (previous 21052000)



                       Continuing Claims, Net Chg (previous -3860K)



8:30 AM ET. April U.S. International Trade in Goods & Services



                       Trade Balance (USD) (previous -44.42B)



                       Exports (USD) (previous 187.75B)



                       Exports, M/M% (previous -9.6%)



                       Imports (USD) (previous 232.16B)



                       Imports, M/M% (previous -6.2%)



9:45 AM ET. Bloomberg Consumer Comfort Index



10:30 AM ET. EIA Weekly Natural Gas Storage Report



                       Working Gas In Storage (Cbf) (previous 2612B)



                       Working Gas In Storage, Net Chg (Cbf) (previous +109B)

                       

12:00 PM ET. May Monthly U.S. Retail Chain Store Sales Index



4:30 PM ET. Money Stock Measures



4:30 PM ET. Foreign Central Bank Holdings



4:30 PM ET. Federal Discount Window Borrowings



Friday, June 5, 2020 



8:30 AM ET. May U.S. Employment Report



                       Non-Farm Payrolls (previous -20500K)



                       Unemployment Rate (previous 14.7%)



                       Avg Hourly Earnings (USD) (previous 30.01)



                       Avg Hourly Earnings-Net Chg (USD)



                       Avg Hourly Earnings, M/M%



                       Avg Hourly Earnings, Y/Y%



                       Overall Workweek (previous 34.2)



                       Overall Workweek Net Chg (previous +0.1)



                       Government Payrolls (previous -980K)



                       Private Payroll (previous -19520K)



                       Participation Rate (previous 60.2%)



                       Non-Farm Payrolls Bench Net Chg



3:00 PM ET. April Consumer Credit



                       Consumer Credit Net Chg (USD) (previous -12.1B)



The STOCK INDEXES http://quotes.ino.com/exchanges/?c=indexes"



The STOCK INDEXES:The June NASDAQ 100 was higher in late-overnight trading as it extends the rally off March's low. The high-range trade sets the stage for a steady to higher opening when the day session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If June extends the rally off March's low, February's high crossing at 9780.50 is the next upside target. Closes below the 20-day moving average crossing at 9327.44 would confirm that a short-term top has been posted. First resistance is the overnight high crossing at 9697.75. Second resistance is February's high crossing at 9780.50. First support is the 20-day moving average crossing at  9327.44. Second support is the May 14th low crossing at 8847.00.



The June S&P 500 was higher in late-overnight trading as it extends the rally off March's low. The high-range overnight trade sets the stage for a steady to higher opening when the day session begins trading later this morning.Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If June extends the rally off  March's low, the 75% retracement level of the February-March-decline crossing at 3108.29 is the next upside target. Closes below the 20-day moving average crossing at 2949.74 would confirm that a short-term top has been posted. First resistance is the overnight high crossing at 3094.50. Second resistance is the 75% retracement level of the February-March-decline crossing at 3108.29. First support is the 20-day moving average crossing at 2949.74. Second support is May 14th low crossing at 2780.70. 



INTEREST RATES http://quotes.ino.com/ex changes/?c=interest"



INTEREST RATES: June T-bonds were lower in late-overnight trading while extending the March-May trading range. Stochastics and the RSI are turning neutral signaling that sideways trading is possible near-term. If June extends the decline off last-Friday's high, April's low crossing at 177-14 is the next downside target. Closes above the May 15th high crossing at 182-15 would confirm that a short-term low has been posted. Multiple closes below April's low crossing at 177-14 would mark a downside breakout of the April-May trading range. First resistance the May 15th high crossing at 182-15. Second resistance is the March 12th high crossing at 184-07. Third resistance is March's high crossing at 191-22. First support is the May 19th low crossing at 177-26. Second support is April's low crossing at 177-14.  



June T-notes were slightly lower overnight while extending the April-May trading range. The mid-range overnight trade sets the stage for a steady to lower opening with the day session begins trading. Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the April 7th low crossing at 137.160 would mark a downside breakout of the April-May trading range while opening the door for additional weakness near-term. If June extends the rally off last-Monday's low, March's high crossing at 140.240 is the next upside target. First resistance is the April 21st high crossing at 139.220. Second resistance is March's high crossing at 140.240. First support is the 50-day moving average crossing at 138.256. Second support is the May 6th low crossing at 138.085. Third support is the April 7th low crossing at 137.160.    



ENERGY MARKETS? http://quotes.ino.com/ex?changes/?c=energy ""



July crude oil was lower in overnight trading as it consolidates above the 38% retracement level of the February-April-decline crossing at $34.74.The low-range overnight trade sets the stage for a steady to lower opening when the day session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If July extends the rally off April's low, the 50% retracement level of the February-April-decline crossing at $40.12 is the next upside target. Closes below the 20-day moving average crossing at $31.03 would signal that a short-term top has been posted. First resistance is the overnight high crossing at $38.18. Second resistance is the 50% retracement level of the February-April-decline crossing at $40.12. First support is the 20-day moving average crossing at $31.03. Second support is the 50-day moving average crossing at $28.51.  



July heating oil was steady to slightly lower overnight as it consolidates some of Tuesday's rally. The low-range overnight trade sets the stage for a steady to lower opening when the day session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If July extends the rally off April's low, April's high crossing at $118.84 is the next upside target. Closes below the 20-day moving average crossing at $98.20 would confirm that a short-term top has been posted. First resistance is the overnight high crossing at $110.80. Second resistance is April's high crossing at $118.84. Third resistance is the 38% retracement level of the February-April-decline crossing at $124.97. First support is the 20-day moving average crossing at $98.20. Second support is the May 13th low crossing at $84.87. Third support is April's low crossing at $74.39.    



July unleaded gas was slightly lower overnight as it consolidates some of the rally off April's low. The low-range late-overnight trade sets the stage for a steady to lower opening when the  day session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If July renews the rally off April's low, the 50% retracement level of the January-March-decline crossing at $125.43 is the next upside target. Closes below the 20-day moving average crossing at $101.00 would confirm that a short-term top has been posted. First resistance is the 38% retracement level of the February-April-decline crossing at $109.27. Second resistance is the 50%retracement level of the January-March-decline crossing at $125.43. First support is the 20-day moving average crossing at $101.00. Second support is the 50-day moving average crossing at $86.60.  



July Henry natural gas was steady to slightly higher in late-overnight trading. The high-range overnight trade sets the stage for a steady to higher opening when the day session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If July extends the decline off May's high, weekly support crossing at 1.515 is the next downside target. Closes above the 20-day moving average crossing at 1.919 would signal that a short-term low has been posted. First resistance is the 20-day moving average crossing at 1.919. Second resistance is the May 19th high crossing at 2.027. First support is Monday's low crossing at 1.742. Second support is weekly support crossing at 1.515.    



CURRENCIEShttp://quotes.ino.com/ex changes/?c=currencies"



CURRENCIES:The June Dollar was lower overnight as it extends the decline off May's high. The mid-range overnight trade sets the stage for a steady to lower opening when the day session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If June extends the decline off May's high, the 75% retracement level of March's rally crossing at $96.88 is the next downside target. Closes above the 20-day moving average crossing at $99.30 would confirm that a short-term low has been posted. First resistance is the 10-day moving average crossing at $98.67. Second resistance is the 20-day moving average crossing at $99.30. First support is the overnight low crossing at $97.26. Second support is the 75% retracement level of March's rally crossing at $96.88. 



The June Euro was higher in late-overnight trading as it extends the rally off May's low. The high-range overnight trade sets the stage for a steady to higher opening when the day session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If June extends the rally off May's low, the 75% retracement level of  March's decline crossing at $113.28 is the next upside target. Closes below the 50-day moving average crossing at $109.31 would confirm that a short-term top has been posted. First resistance is the 62% retracement level of March's decline crossing at $112.12. Second resistance is the 75% retracement level of  March's decline crossing at $113.28. First support is the 10-day moving average crossing at $110.55. Second support is the 50-day moving average crossing at $109.31. 



The June British Pound was higher overnight as it extends the rally off May's low.The high-range overnight trade sets the stage for a steady to higher opening when the day session beings trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If June extends the rally off May's low, the April 14th high crossing at 1.2653 is the next upside target. Closes below the 20-day moving average crossing at 1.2313 would confirm that a short-term top has been posted. First resistance is the overnight high crossing at 1.2613. Second resistance is the April 14th high crossing at 1.2653. First support is the 20-day moving average  crossing at 1.2313. Second support is May's low crossing at 1.2079.



The June Swiss Franc was slightly lower in late-overnight trading while extending the April-May trading range. The low-range overnight trade sets the stage for a steady to lower opening when the day session begins trading. Stochastics and the RSI are turning neutral to bearish signaling that a short-term top might be in or is near. Closes below the 20-day moving average crossing at  1.0330 would signal that a short-term top has been posted. If June extends the rally off April's low, the March 30th high  crossing at 1.0566 is the next upside target. First resistance is Tuesday's high crossing at 1.0449. Second resistance is the March 30th high crossing at 1.0566. First support is the 20-day moving average crossing at 1.0330. Second support is April's low crossing at 1.0216.



The June Canadian Dollar was lower overnight as it consolidates some of the rally off March's low. The low-range trade sets the stage for a steady to lower opening when the day session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If June extends the aforementioned rally, the 75% retracement level of the January-March-decline crossing at 74.99 is the next upside target. Closes below the 20-day moving average crossing at 72.00 would signal that a short-term top has been posted. First resistance is the overnight high crossing at 74.19. Second resistance is the 75% retracement level of the January-March-decline crossing at 74.99. First support is the 10-day moving average crossing at 72.71. Second support is the 20-day moving average crossing at 72.00.



The June Japanese Yen was steady to slightly lower in late-overnight trading. The mid-range overnight  trade sets the stage for a steady to lower opening when the day session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If June extends the decline off May's high, April's low crossing at 0.0916 is the next downside target. Closes above the 20-day moving average crossing at 0.0931 would temper the near-term bearish outlook. First resistance is the 20-day moving average crossing at 0.0931. Second resistance is the 25% retracement level of the 2016-2020-decline crossing at 0.0943. First support is the overnight low crossing at 0.0919. Second support is April's low crossing at 0.0916. Third support is March's low crossing at 0.0900. 



PRECIOUS METALS http://quotes.ino.com/ex changes/?c=metals"



PRECIOUS METALS: August gold was lower in late-overnight trading. The mid-range overnight trade sets the stage for a steady to lower opening when the day session begins trading. Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 50-day moving average crossing at $1713.50 would confirm that a short-term top has been posted. If August renews the rally off last-week's low, May's high crossing at $1787.50 is the next upside target. First resistance is Monday's high crossing at $1761.00. Second resistance is May's high crossing at $1787.50. First support is the 50-day moving average crossing at $1713.50. Second support is the May 1st low crossing at $1683.30.  



July silver was lower overnight. The low-range overnight trade sets the stage for a steady to lower opening when the day session begins trading later this morning. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If July extends the rally off March's low, February's high crossing at $19.075 is the next upside target. Closes below the 20-day moving average crossing at $17.113 would confirm that a short-term top has been posted. First resistance is Monday's high crossing at $18.950. Second resistance is February's high crossing at $19.075. First support is the 10-day moving average crossing at $18.035. Second support is the 20-day moving average crossing at $17.113. 



July copper was steady to slightly lower overnight as it consolidates some of the rally off March's low. The mid-range overnight trade sets the stage for a steady to lower opening when the day session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If July extends the rally off March's low, the 62% retracement level of the January-March-decline crossing at 2.5468 is the next upside target. Closes below the 20-day moving average crossing at 2.4051 would confirm that a short-term top has been posted. First resistance is the overnight high crossing at 2.5045. Second resistance is the 62% retracement level of the January-March-decline crossing at 2.5468. First support is the 20-day moving average crossing at 2.4051. Second support is the 50-day moving average crossing at 2.3309. 



GRAINS http://quotes.ino.com/ex changes/?c=grains



July corn was lower overnight. The low-range trade sets the stage for a steady to lower opening when the day sessions begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 20-day moving average crossing at $3.20 1/4  would temper the near-term friendly outlook.Closes above the April 23rd high crossing at $3.31 would confirm an upside breakout of the April-June trading range and open the door for additional short covering gains. First resistance is the 50-day moving average crossing at $3.27. Second resistance is the April 23rd high crossing at $3.31. First support is April's low crossing at $3.09. Second support is psychological support crossing at $3.00.    



July wheat was higher overnight. The high-range trade sets  the stage for a steady to higher opening  when the day session begins trading. Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower prices are possible near-term. If July extends the decline off March's high, last-September's low crossing at $4.81 is the next downside target. Closes above the May 21st high crossing at $5.24 would confirm that a short-term low has been posted. First resistance is the  May 21st high crossing at $5.24. Second resistance is the 50-day moving average crossing at $5.29 1/2. First support is the May 18th low crossing at $4.93 3/4. Second support is last-September's low crossing at $4.81.



July Kansas City wheat was higher overnight but remains and below the 10-day moving average crossing at $4.55 1/4. The high-range close sets the stage for a steady to higher opening when the day  session begins trading. Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower prices are possible near-term. If July extends Tuesday's decline, May's low crossing at $4.38 3/4 is the next downside target. If July renews the rally off May's low, the 50-day moving average crossing at $4.76 3/4 is the next upside target. First resistance is the 50-day moving average crossing at $4.76 3/4. Second resistance is May's high crossing at $4.88 1/4. First support is May's low crossing at $4.38 3/4. Second support is March's lowcrossing at $4.27 1/4.   



July Minneapolis wheat closed up $0.02-cents at $5.18 1/2. 



July Minneapolis wheat was higher in overnight trading. The high-range overnight trade sets the stage  for a steady to higher opening when the day session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below last-Tuesday's low crossing at $5.10 1/2 would temper the near-term friendly outlook. Closes above the May 20th crossing at $5.27 3/4 would open the door for additional short-term gains. First resistance is the May 20th high crossing at $5.27 3/4. Second resistance is April's high crossing at $5.48 1/4. First support is the 20-day moving average crossing at $5.14 1/2. Second support is May's low crossing at $5.02. 



SOYBEAN COMPLEX? http://quotes.ino.com/ex?changes/?c=grains "



July soybeans were higher overnight as it extends the April-May trading range. The mid-range trade sets the stage for a steady to higher opening when the day session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 50-day moving average crossing at $8.51 3/4 would signal that a short-term low has been posted. If July renews the decline off May's high, April's low crossing at $8.18 1/2 is the next downside target. First resistance is the 50-day moving average crossing at $8.51 3/4. Second resistance is the April 13th high crossing at $8.77 1/2. First support is May's low crossing at $8.28 1/2. Second support is April's low crossing at $8.18 1/2.      



July soybean meal was steady to slightly higher overnight. The low-range trade sets the stage for a steady to lower opening when the day session begins trading. Stochastics and the RSI are turning neutral to bullish signaling that sideways to higher prices are possible near-term. Multiple closes above the 20-day moving average crossing at $286.10 would confirm that a short-term low has been posted. If July extends this year's decline, monthly support crossing at $278.80 is the next downside target. First resistance is the 20-day moving average crossing at $286.10. Second resistance is May's high crossing at $295.80. Third resistance is the 50-day moving average crossing at 294.50. First support is last-Thursday's low crossing at $281.50. Second support is monthly support crossing at $278.80.     



July soybean oil was higher overnight as it extends the rally off April's low. The mid-range trade sets the stage for a steady to higher opening when the day session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above April's high crossing at 28.14 would open the door for additional short-term gains. Closes below the 50-day moving average crossing at 26.78 would temper the near-term friendly outlook. First resistance is April's high crossing at 28.14. Second resistance is the 38% retracement level of the January-March-decline crossing at 29.32. First support is the 50-day moving average crossing at 26.78. Second support is May's low crossing at 25.70. 



LIVESTOCKhttp://quotes.ino.com/exchanges/?c=livestock 



June hogs closed down $0.50 at $54.65. 



June hogs closed lower on Tuesday. The low-range close sets the stage for a steady to lower opening when Wednesday's night session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If June extends today's decline, the 75% retracement level of the April-May rally crossing at 53.34 is the next downside target. Closes above the 50-day moving average crossing at $58.93 would confirm that a short-term low has been posted. First resistance is last-Wednesday's high crossing at $61.17. Second resistance is May's high crossing at $66.70. First support is the 75% retracement level of the April-May rally crossing at $53.34. Second support is the 87% retracement level of the April-May rally crossing at 51.19.     



August cattle closed down $2.12 at $96.85. 



August cattle closed lower on Tuesday as it extends the trading range of the past three-weeks. The low-range close sets the stage for a steady to lower opening on Wednesday. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below today's low crossing at $96.00 would confirm a downside breakout of the aforementioned trading range. If August renews the rally off April's low, the 62% retracement level of the January-April-decline crossing at $103.35 is the next upside target. First resistance is the May 8th high crossing at $101.90. Second resistance is the 62% retracement level of the January-April-decline crossing at $103.35. First support is today's low crossing at $96.00. Second support is the 50-day moving average crossing at $93.82.    



August Feeder cattle closed down $2.33-cents at $133.80. 



August Feeder cattle closed lower on Tuesday. The low-range close sets the stage for a steady to lower opening when Wednesday's session begins trading. Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 50-day moving average crossing at 129.12 would confirm that a short-term top has been posted. If August extends last-week's rally, May's high crossing at $138.80 is the next upside target. First resistance is May's high crossing at $138.80. Second resistance is the 75% retracement level of the January-April-decline crossing at $144.91. First support is the 50-day moving average crossing at $129.12. Second support is May's low crossing at $125.30.       



FOOD & FIBERhttp://quotes.ino.com/ex changes/?c=food 



July coffee closed lower on Tuesday. The low-range close sets the stage for a steady to lower opening on Wednesday. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If July extends the decline off March's high, weekly support crossing at 9.22 is the next downside target. Closes above the 20-day moving average crossing at 10.52 would confirm that a low has been posted. 



July cocoa closed lower on Tuesday as it consolidates some of the rally off March's low. The low-range close sets the stage for a steady to lower opening on Wednesday. Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 50-day moving average crossing at 23.49 would confirm that a short-term top has been posted. If July extends the rally off March's low, the 50% retracement level of the February-March decline crossing at 25.69 is the next upside target.             



July sugar closed higher on Tuesday. The high-range close set the stage for a steady to higher opening on Wednesday. Stochastics and the RSI have turned neutral to bullish signaling that sideways to higher prices are possible near-term. If July extends the rally off April's low, the 38% retracement level of the January-April-decline crossing at 11.45 is the next upside target. Closes below the 50-day moving average crossing at 10.50 would confirm that a short-term top has been posted.           



July cotton closed higher on Tuesday. The low-range close sets the stage for a steady to lower opening  on Wednesday. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If July extends the rally off April's low, the 62% retracement level of the January-April-decline crossing at 64.11. Closes below the 20-day moving average crossing at 57.57 would confirm that a short-term top has been posted.         

Comments
By metmike - June 3, 2020, 11:39 a.m.
Like Reply

Thanks much tallpine!


The weather is still pretty bearish for the grains, cooler temps than last weeks extended forecast and much more rain than last weeks forecast.

Probably neutral natural gas but cooler than last week. Concerns over TS Crystobal in the W.GOM have generated a spike higher early this morning. 

By metmike - June 3, 2020, 11:40 a.m.
Like Reply
By metmike - June 3, 2020, 11:44 a.m.
Like Reply

China making some big bean purchases is offsetting the bearish weather!


Has South America run out of beans?

https://www.marketforum.com/forum/topic/53149/