From the NASA Earth Observatory

Per yesterday’s post, we may see OCT move towards the 20 cent mark very soon.  Overnight trading is down across the commodity board (lead by crude down about 1.5%), but the weather picture in India may limit the downside.  The extended range forecast for India is not very favorable for rainfall, so there should be [...]

Author: Rick Dunkelberger
WTI Business Applications Meteorologist
In advance of next week’s USDA crop reduction report (12 Aug, 08:30 EST), I chose to illustrate a statistically effective model (from G. Considine, Aquilla Energy) for forecasting monthly average corn farm prices received in Illinois, for the time period starting in April and ending in December. As with most [...]

In the coming weeks, raw sugar (ICE) may be testing new highs as more emphasis is being placed on the pending market tightness, driven by the current production deficit in India.  White sugar in London is also trading at the highest levels in over 20 years.  Currently, we see a favorable global macro [...]