Oil Prices Will 'Pierce' $147, Schoenberger Says

Oil Prices Will `Pierce' $147, Schoenberger Says - Video - Bloomberg

Feb. 22 (Bloomberg) -- Todd Schoenberger, managing director at Landcolt Trading LLC, and Jerrod Kitt, an analyst at Linn Group, talk about the outlook for oil prices. They speak with Adam Johnson, Lisa Murphy and Trish Regan on Bloomberg Television's "Street Smart." (Source: Bloomberg)

Emirates Says ‘Whole Load of Airlines’ Will Fail in Fuel Squeeze

Emirates Says ‘Whole Load of Airlines’ Will Fail in Fuel Squeeze - Bloomberg



Emirates, the biggest airline by international traffic, said more carriers will go bust this year as fuel costs and sluggish economies undermine profitability.  “We can reel off a whole load of airlines that are teetering on the brink or are really gone,” Tim Clark, the Dubai-based carrier’s president, said in an interview. “Roll this forward to Christmas, another eight or nine months, and we’re going to see this industry in serious trouble.”

Starbucks trade mixed; sugar firmer, coffee and cocoa slide

NY sugar firmer, coffee and cocoa slide | Reuters


* Raw sugar futures for May rose 0.06 cent to 25.39 cents a lb in volume of 5,390 lots, trading in a range of 25.28 to 25.52. July rose 0.10 cent to 24.30 cents a lb.

* Cocoa futures for May fell $38 to $2,321 a tonne in volume of 1,489 lots, trading in a range of $2,316 to $2,347. July fell $39 to $2,341 a tonne.

* Arabica coffee futures for May fell 0.55 cent to $1.8415 a lb in volume of 597 lots, trading in a range of $1.8310 to $1.8450. July fell 0.55 cent to $1.8680 a lb.

Seeking a Sustainable Path for Coffee Farmers

Sustainable Energy News: Seeking a Sustainable Path for Coffee Farmers

Todd Carmichael, a founder of the coffee roaster La Colombe Torrefaction, is an interesting mix of entrepreneur, adventurer (Antarctic speed trekker), showman (a reality TV show on coffee hunting is coming) and philanthropist. His latest venture combining all of these traits is a line of coffee, called Lyon, sales of which will generate money for environmental initiatives supported by the Leonardo DiCaprio Foundation. The coffee blend includes beans that Carmichael is obtaining from Haitian sources that, he says, sidestep predatory loan sharks and middlemen who have hampered the climb out of poverty by Haitian coffee growers. I recently had an e-mail exchange with Carmichael about his experience building relationships with coffee growers in rural Haiti.

European Crops Damaged by Winter Freeze Now Face Drought

European Crops Damaged by Winter Freeze Now Face Drought - Bloomberg

European wheat and rapeseed crops are at risk of drought that may further hurt yields after freezing weather last month destroyed some fields, analysts and forecasters said.  France, Spain, England and northern Italy got less rain than normal since the start of January, European Union weather data show. They will probably stay drier and warmer than usual in the next 30 days, said Joel Burgio, an agricultural meteorologist at Telvent DTN.

Possible interim top for S&P 500

S&P 500 violates support, possible top

ESM12:

• Short Term Trends are bullish.
• Confirmation of a bottom on 03/08/12 with a range violation @ 1359.75 and a confirmation of a bottom with a close @ 1360.50. Upside Target = 1420.25-1450.50.
• Possible confirmation of a top with a range violation @ 1391.50. Possible confirmation of a top with a close @ 1391.50 or lower.
• The June S&P’s closed lower for the second consecutive day Wednesday with bullish divergent price action as the market continues to struggle above 1400.
• This market should experience a slight setback towards 1378.00 – 1370.75 before it can garner more support for a serious push higher to 1450.50.
• Projected Daily Range: 13.00
• Projected Weekly Range: 31.50
• Projected Monthly Range: 73.50

Swiss franc resilient despite dollar advance

Swiss franc resilient despite dollar advance

The swissie is the top performing currency against a stronger US dollar with an advance of just 0.07% on the session. The dollar has mounted a substantial counteroffensive after suffering three days of consecutive declines with the greenback outperforming all of its major counterparts, save the swissie and the euro. Markets are on the defensive today with global equity markets trading lower across the board, fueling flows into lower yielding assets as a bout of profit taking weighs on broader market sentiment.

Futures prices as of March 22nd, 2012 - 16:47 CDT

Market Data

Quotes & Charts	Enter Symbol:   Quote Chart Option
Futures Main | Custom Quotes | Custom Charts

---

Currencies - Energies - Financials - Grains - Indices - Meats - Metals - Softs - Full List

Futures prices as of March 22nd, 2012 - 16:47 CDT

Contract	Month	Open	High	Low	Last	Change	Time	Links
Currencies
U.S. Dollar Index	Jun 12	79.770	80.195	79.650	79.998s	+0.102	03/22/12	Q C O T
British Pound	Jun 12	1.5859	1.5883	1.5761	1.5809s	-0.0040	03/22/12	Q C O T
Canadian Dollar	Jun 12	1.00600	1.00690	0.99720	0.99770s	-0.00780	03/22/12	Q C O T
Japanese Yen	Jun 12	1.19970	1.21570	1.19900	1.21190s	+0.01290	03/22/12	Q C O T
Swiss Franc	Jun 12	1.09710	1.10080	1.09050	1.09460s	-0.00180	03/22/12	Q C O T
Euro FX	Jun 12	1.32200	1.32610	1.31400	1.31880s	-0.00220	03/22/12	Q C O T
Australian Dollar	Jun 12	1.03490	1.03830	1.02360	1.02760s	-0.00630	03/22/12	Q C O T
Mexican Peso	Jun 12	0.078100	0.078250	0.077150	0.077425s	-0.000625	03/22/12	Q C O T
New Zealand Dollar	Jun 12	0.80690	0.81050	0.80110	0.80340s	-0.00610	03/22/12	Q C O T
South African Rand	Jun 12	0.000000	0.128075	0.128075	0.128075s	-0.000875	03/22/12	Q C O T
Brazilian Real	Jun 12	0.00000	0.54065	0.54065	0.54065s	-0.00050	03/22/12	Q C O T
British Pound (P)	Jun 12	0.0000	1.5849	1.5809	1.5809s	-0.0040	03/22/12	Q C O T
Canadian Dollar (P)	Jun 12	0.00000	1.00550	0.99770	0.99770s	-0.00780	03/22/12	Q C O T
Japanese Yen (P)	Jun 12	0.00000	1.21190	1.19900	1.21190s	+0.01290	03/22/12	Q C O T
Swiss Franc (P)	Jun 12	0.00000	1.09640	1.09460	1.09460s	-0.00180	03/22/12	Q C O T
Euro FX (P)	Jun 12	0.00000	1.32100	1.31880	1.31880s	-0.00220	03/22/12	Q C O T
Australian Dollar(P)	Jun 12	0.00000	1.03390	1.02760	1.02760s	-0.00630	03/22/12	Q C O T
Mexican Peso (P)	Jun 12	0.000000	0.078050	0.077425	0.077425s	-0.000625	03/22/12	Q C O T
New Zealand Doll.(P)	Jun 12	0.80690	0.81050	0.80110	0.80340s	-0.00610	03/22/12	Q C O T
South African (P)	Jun 12	0.000000	0.128950	0.128075	0.128075s	-0.000875	03/22/12	Q C O T
Brazilian Real (P)	Jun 12	0.00000	0.54115	0.53710	0.54065s	-0.00050	03/22/12	Q C O T
Energies
Crude Oil WTI	May 12	106.81	107.12	104.50	105.35s	-1.92	03/22/12	Q C O T
Heating Oil	Apr 12	3.2183	3.2206	3.1575	3.1787s	-0.0375	03/22/12	Q C O T
Gasoline RBOB	Apr 12	3.3542	3.3569	3.2953	3.3396s	-0.0175	03/22/12	Q C O T
Natural Gas	Apr 12	2.342	2.380	2.250	2.269s	-0.091	03/22/12	Q C O T
Crude Oil Brent	May 12	124.04	124.25	122.30	123.30	-0.90	16:30	Q C O T
Ethanol Futures	Apr 12	2.283	2.286	2.268	2.283s	-0.003	03/22/12	Q C O T
Financials
T-Bond	Jun 12	136-23	137-13	136-15	137-02s	+0-09	03/22/12	Q C O T
Ultra T-Bond	Jun 12	149-26	150-27	149-14	150-09s	+0-11	03/22/12	Q C O T
10-Year T-Note	Jun 12	128-170	128-310	128-130	128-235s	+0-055	03/22/12	Q C O T
5-Year T-Note	Jun 12	121-270	122-037	121-245	121-315s	+0-040	03/22/12	Q C O T
2-Year T-Note	Jun 12	109-310	110-000	109-305	109-310s	+0-002	03/22/12	Q C O T
10-Year Swaps	Jun 12	114-000	114-030	113-265	113-290s	+0-080	03/22/12	Q C O T
5-Year Swaps	Jun 12	112-015	112-075	112-015	112-050s	+0-050	03/22/12	Q C O T
30-Day Fed Funds	Jun 12	99.8500	99.8650	99.8500	99.8550s	+0.0050	03/22/12	Q C O T
Eurodollar	Jun 12	99.5150	99.5150	99.4950	99.5100s	unch	03/22/12	Q C O T
T-Bond (P)	Jun 12	137-05	137-05	137-00	137-02s	+0-09	03/22/12	Q C O T
Ultra T-Bond (P)	Jun 12	0-00	150-09	149-30	150-09s	+0-11	03/22/12	Q C O T
10-Year T-Note (P)	Jun 12	128-265	128-285	128-235	128-235s	+0-055	03/22/12	Q C O T
5-Year T-Note (P)	Jun 12	121-312	121-315	121-312	121-315s	+0-040	03/22/12	Q C O T
2-Year T-Note (P)	Jun 12	109-312	109-312	109-310	109-310s	+0-002	03/22/12	Q C O T
10-Year Swaps (P)	Jun 12	0-000	113-290	113-210	113-290s	+0-080	03/22/12	Q C O T
5-Year Swaps (P)	Jun 12	0-000	112-050	112-000	112-050s	+0-050	03/22/12	Q C O T
30-Day Fed Funds (P)	Jun 12	0.0000	99.8550	99.8500	99.8550s	+0.0050	03/22/12	Q C O T
Eurodollar (P)	Jun 12	99.5050	99.5100	99.5050	99.5100s	unch	03/22/12	Q C O T
Grains
Wheat	May 12	636-6	647-4	631-2	646-2s	+10-0	03/22/12	Q C O T
Corn	May 12	643-4	647-4	636-6	644-4s	+2-4	03/22/12	Q C O T
Soybeans	May 12	1355-0	1360-0	1338-4	1349-4s	-5-4	03/22/12	Q C O T
Soybean Meal	May 12	369.8	371.0	365.8	370.1s	+0.3	03/22/12	Q C O T
Soybean Oil	May 12	54.40	54.68	53.66	53.96s	-0.42	03/22/12	Q C O T
Oats	May 12	325-2	328-4	322-0	328-2s	+2-6	03/22/12	Q C O T
Rough Rice	May 12	14.375	14.465	14.220	14.405s	+0.060	03/22/12	Q C O T
KCBT Red Wheat	May 12	676-4	684-0	667-2	684-0s	+9-0	03/22/12	Q C O T
Spring Wheat	May 12	799-0	808-0	795-0	807-0s	+8-2	03/22/12	Q C O T
Canola	May 12	590.00	590.50	585.20	588.60s	-0.90	03/22/12	Q C O T
Wheat (P)	May 12	632-4	647-4	632-4	646-2s	+10-0	03/22/12	Q C O T
Corn (P)	May 12	638-4	645-4	637-6	644-4s	+2-4	03/22/12	Q C O T
Soybeans (P)	May 12	1344-0	1351-0	1339-0	1349-4s	-5-4	03/22/12	Q C O T
Soybean Meal (P)	May 12	367.0	370.5	366.0	370.1s	+0.3	03/22/12	Q C O T
Soybean Oil (P)	May 12	54.80	54.85	53.69	53.96s	-0.42	03/22/12	Q C O T
Oats (P)	May 12	0-0	328-2	325-4	328-2s	+2-6	03/22/12	Q C O T
Rough Rice (P)	May 12	14.290	14.405	14.290	14.405s	+0.060	03/22/12	Q C O T
KCBT Red Wheat (P)	May 12	669-0	684-0	668-4	684-0s	+9-0	03/22/12	Q C O T
Indices
E-Mini S&P 500	Jun 12	1389.00	1390.25	1388.75	1389.75	+0.75	16:29	Q C O T
E-Mini Nasdaq 100	Jun 12	2732.50	2734.25	2732.25	2733.50	+2.25	16:29	Q C O T
DJIA mini-sized	Jun 12	13002	13009	13000	13003	+2	16:28	Q C O T
Russell 2000 Mini	Jun 12	826.30	827.50	812.30	819.80	-4.90	16:35	Q C O T
E-Mini S&P Midcap	Jun 12	982.40	983.20	982.10	982.50	+0.30	16:26	Q C O T
S&P 500 Index	Jun 12	1389.10	1390.00	1389.00	1390.00	+1.10	16:22	Q C O T
Nasdaq 100	Jun 12	2736.50	2739.75	2715.00	2731.25s	-4.00	03/22/12	Q C O T
DJIA	Jun 12	12985	13015	12950	13001s	-65	03/22/12	Q C O T
DJIA (E)	Jun 12	13005	13007	13004	13004	-5	15:47	Q C O T
E-Mini S&P Smallcap	Jun 12	0.00	455.20	453.20	455.20s	-3.80	03/22/12	Q C O T
CRB CCI Index	Apr 12	572.55	572.55	572.55	571.00s	-5.00	03/22/12	Q C O T
CBOE S&P 500 VIX	Apr 12	18.75	19.49	18.30	18.35s	+0.25	03/22/12	Q C O T
Meats
Live Cattle	Apr 12	125.000	125.800	124.775	125.250s	+0.300	03/22/12	Q C O T
Feeder Cattle	Apr 12	153.275	154.600	153.100	153.600s	+0.500	03/22/12	Q C O T
Lean Hogs	Apr 12	84.900	85.775	84.875	85.400s	+0.425	03/22/12	Q C O T
Class III Milk	Apr 12	16.21	16.59	16.15	16.31s	+0.05	03/22/12	Q C O T
Live Cattle (P)	Apr 12	125.400	125.775	124.800	125.250s	+0.300	03/22/12	Q C O T
Feeder Cattle (P)	Apr 12	153.525	154.400	153.525	153.600s	+0.500	03/22/12	Q C O T
Lean Hogs (P)	Apr 12	85.450	85.750	85.275	85.400s	+0.425	03/22/12	Q C O T
Class III Milk (P)	Apr 12	0.00	16.31	16.26	16.31s	+0.05	03/22/12	Q C O T
Metals
Gold	Apr 12	1649.6	1656.6	1627.5	1640.0s	-10.3	03/22/12	Q C O T
Silver	May 12	32.155	32.350	31.090	31.345s	-0.882	03/22/12	Q C O T
High Grade Copper	May 12	3.8360	3.8570	3.7525	3.7600s	-0.0855	03/22/12	Q C O T
Platinum	Apr 12	1641.0	1645.0	1604.0	1612.1s	-28.3	03/22/12	Q C O T
Palladium	Jun 12	688.50	689.30	650.40	651.05s	-37.60	03/22/12	Q C O T
Gold mini-sized	Apr 12	1650.3	1656.7	1626.1	1645.6	-4.8	15:59	Q C O T
Silver mini-sized	May 12	32.114	32.350	31.100	31.550	-0.677	15:59	Q C O T
Softs
Cotton #2	May 12	88.50	89.74	88.05	89.58s	+1.27	03/22/12	Q C O T
Orange Juice	May 12	168.60	170.90	165.00	167.25	-2.55	12:59	Q C O T
Coffee	May 12	184.15	185.30	174.45	176.95s	-7.75	03/22/12	Q C O T
Sugar #11	May 12	25.33	26.10	25.28	25.90	+0.57	12:59	Q C O T
Cocoa	May 12	2340	2354	2279	2285s	-74	03/22/12	Q C O T
Sugar #16	May 12	35.00	35.24	35.00	35.00s	+0.59	03/22/12	Q C O T
Lumber	May 12	260.20	261.50	254.00	255.00s	-4.70	03/22/12	Q C O T

Currencies - Energies - Financials - Grains - Indices - Meats - Metals - Softs - Full List