Post Archive by Month

Commentary The short covering is all the rage in the grain markets lately, with wheat leading the way while breaking out of the range that has contained it since July. Fundamentally, there isn’t a reason in my opinion that has abruptly entered into the market as Russian values hold steady and there are large tenders upcoming. Drought in portions of …

The Oct WTI trading session closed at 70.22, had a high of 74.41, a low of 70.1 and cash price is at 73.57 (-2.38), while open interest came in at 271,991. Lower on the day by a whopping -3.33(4.53%). CLV traded below its 50 day (78.09), its 20 day (75.23) and its 7 day (74.6) moving averages. We’ve now traded …