Based on CFTC weekly report.
(Weekly as of October 2000.)
07 Jun 11 - 05 Jun 12
Friday, June 8, 2012
June 5, 2012 Current Commitments of Traders Charts
Based on CFTC weekly report.
(Weekly as of October 2000.)
07 Jun 11 - 05 Jun 12
Specs cut net short in sugar, up cocoa,coffee
Short covering by speculators almost eradicated their net short position in sugar while this group of investors continued to build net shorts in arabica coffee and cocoa futures and options in the week to June 5, U.S. Commodity Futures Trading Commission data showed on Friday. Speculators have grown increasingly bearish on the soft commodities, betting on lower prices due to bumper crops and sluggish demand.
Oil, Copper, Gold Set for Weekly Declines: Commodities at Close
Oil fell a second day in New York, heading for the longest run of weekly losses in more than 13 years, on speculation the economies of the U.S. and China, the world’s biggest crude consumers, will slow and curb fuel demand. Oil for July delivery decreased as much as $2.72 to $82.10 a barrel in electronic trading on the New York Mercantile Exchange, and was at $82.23 at 9:15 a.m. London time...
Wheat: A complacent market despite FSU crop failure
While most commodities have been falling to multi-month or multi-year lows, the wheat market bucked the trend and went on something of a wild bender. In mid-May wheat prices rallied by over $1 per bushel in the space of just five sessions. The rally came unglued over the next two weeks, erasing just about the entire advance..
Sugar eases, arabicas near 23-month low
Raw sugar futures on ICE dipped on Friday, consolidating after a selloff in the prior session, and were underpinned by concerns over harvest delays in top producer Brazil due to rains. Arabica coffee futures on ICE eased, and stood at near Thursday's 23-month low, while cocoa dipped, pressured by a stronger dollar.
TREASURIES-Bonds erase price gains as Spanish bailout eyed
U.S. Treasuries prices erased early gains on Friday as expectations that Spain would ask for help to recapitalize its banks over the weekend reduced fears over the Euro zone breaking up and ebbed demand for the safe-haven debt. A late downgrade of Spain's credit rating by Fitch Ratings on Thursday sparked strong overnight demand for Treasuries, though demand ebbed during Friday's U.S. session as investors looked ahead to the expected bailouts...
Futures Choppy On Cattle Prices, Profit-Taking
U.S. live-cattle futures traded choppy in a narrow range Friday as traders weighed supportive technical factors against enduring caution that beef demand will slow in coming weeks. Cattle for June delivery was recently down 0.1% to $1.192 a pound in trading at the Chicago Mercantile Exchange after trading modestly higher earlier in the session. August contracts were also down 0.1% recently at $1.203 a pound. August feeder cattle were recently close to unchanged at $1.5915 a pound. The cattle complex was essentially caught between signs of strong meat demand for the spring grilling season, including just-ahead Father's Day, and a seasonal tendency for red-meat demand to soften through much of June.
U.S. Stocks Push Higher
Stocks rose, adding to major benchmarks' biggest weekly gains of the year, amid speculation about potential Spanish bailout talks this weekend. The Dow Jones Industrial Average climbed 67 points, or 0.5%, to 12528 in late-afternoon trade. The average headed toward a fourth-straight daily increase and its biggest weekly advance since December, largely thanks to hopes of more stimulus from central banks around the globe fueling a nearly 287-point rally on Wednesday. The Standard & Poor's 500-stock index added eight points, or 0.6%, to 1323. Nine of the index's 10 sectors rose, led by telecommunications, as energy shares lagged behind.
Corn posts big weekly gain on hot, dry weather
U.S. corn futures rallied to a two-week high on Friday, posting their biggest weekly gain in more than a year as tight supplies and worries about crop-stressing weekend weather offset pressure from a firm dollar and weaker financial markets. Wheat fell nearly 2 percent for the day as the same hot, dry weather that lifted corn was seen supporting a brisk harvest pace for the winter crop, but prices were higher on the week. Soybeans fell for the day. But the oilseed notched its biggest weekly gain since March after a three-day rally, the strongest in nearly eight months, boosted by tight stocks and strong export demand from China. Corn turned higher at midmorning, bucking early pressure from worries about a deepening euro zone debt crisis and slower economic growth in Germany and China that pressured broader financial markets and lifted the dollar.
Gold extends losses after Fed disappoints
Gold fell on Friday, extending losses from the previous day when the U.S. Federal Reserve gave no hint of plans for an imminent stimulus to the economy, which disappointed investors and dampening the metal's appeal as a hedge against monetary easing. A weaker euro against the dollar also weighed on dollar-priced precious metals, making them costlier for holders of other currencies. The euro fell after a three-notch downgrade to Spain's credit rating and signs of economic weakness in Italy and Germany, leaving it vulnerable to further falls as concerns ratchet up about a deepening euro zone debt crisis. Spot gold was at $1,577.30 an ounce by 1341 GMT, down almost 1 percent from $1,589.15 late in New York the previous day. Earlier it hit a session low of $1,561.44, its lowest in a week. The U.S. gold futures contract for August delivery tumbled nearly 2 percent to an intra-day low of $1,556.4, and then recovered some losses to $1,578.50.
Dollar Advances on Euro
The U.S. dollar gained, getting a safe-haven lift from concerns over global economic growth and helped by Federal Reserve Chairman Ben Bernanke's reticence on further monetary stimulus. In midday trade, the euro was at $1.2478 from $1.2561 late Thursday. The dollar traded at ¥79.45 from ¥79.63. The common currency was at ¥99.150 from ¥99.99. The U.K. pound bought $1.5425 compared with $1.5528, and the dollar changed hands at 0.9624 Swiss franc from 0.9561 franc. The dollar index, which measures the U.S. unit's performance against a basket of six major currencies, jumped to 82.69 from 82.241 late Thursday.
Treasuries Gain as Stocks Fluctuate While Oil, Euro Fall
Treasuries rose, while stocks swung between gains and losses, oil tumbled and the euro weakened as investors awaited weekend talks among European financial officials for word of a potential bailout of Spain. The yield on the benchmark 10-year note declined four basis points to 1.60 percent at 11:54 a.m. in New York. The Standard & Poor’s 500 Index was up 0.2 percent at 1,317.13 after losing as much as 0.6 percent. Oil slumped 2 percent and the S&P GSCI gauge of 24 commodities slipped 1.4 percent. The euro weakened 0.6 percent to $1.2490 after Spain’s credit ranking was cut three steps by Fitch Ratings. The yen strengthened against 14 of 16 of its most-traded peers.
Commodities Drop on Concern of Slowdown in China, U.S.
Commodities fell a second day, heading for the longest weekly losing streak in 11 years, on concern slowdowns in China and the U.S., the world’s two biggest economies, will cut demand. The Standard & Poor’s GSCI gauge of 24 commodities retreated 2 percent by 1:30 p.m. London time, bringing the drop to 0.2 percent this week. That’s the sixth weekly decline and the longest losing streak since March 2001. New York oil declined 2.9 percent and copper in London slumped 3 percent.
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