Hurricane Wilma Upgraded To Category-5
Energy futures fell sharply following
the release of the weekly Petroleum Status Report. The report showed
that crude oil inventories rose by 5.6 Mln barrels and gasoline inventories rose
by 2.9 Mln barrels last week (more
analysis).
The Fed continued its procession of speakers today with
comments by Governors Kohn (more),
Pinalto and Fisher. The Fed also released the Beige Book, which said economic
activity has continued to expand (more).
The US Dollar Index closed lower, while treasuries closed
modestly higher. Gold experienced its largest decline in more than 3-months.
Hurricane Wilma has been upgraded to a category-5 storm and is
forecast to affect Florida and the Gulf of Mexico. The news sent Lumber limit-up
and also helped drive Orange Juice to a new contract high.
TradingMarkets Commodities Watch List
| Commodity (Symbol) |
Price | Price Change | % Change |
|
Energies |
|||
| Crude Oil (CL) | 61.40 | -1.04 |
-1.67 |
| Heating Oil (HO) | 194.51 | -2.18 |
-1.11 |
| Unleaded Gas (HU) | 169.37 | -4.99 |
-2.86 |
| Natural Gas (NG) | 13.86 | +0.06 |
+0.43 |
|
Metals |
|||
| Gold (GC) | 465.80 | -8.80 |
-1.85 |
| Silver (SI) | 764.00 | -19.50 |
-2.49 |
| Copper (HG) | 180.60 | -1.95 |
-1.07 |
|
Grains |
|||
|
Corn (C) |
201.75 | +0.25 |
+0.12 |
| Wheat (W) | 327.75 | 0.00 |
0.00 |
| Soybeans (S) | 589.25 | +4.75 |
+0.81 |
|
Softs |
|||
| Sugar (SB) | 11.73 | +0.02 |
+0.17 |
| Coffee (KC) | 104.05 | -0.60 |
-0.57 |
| Cocoa (CC) | 1392.00 | +6.00 |
+0.43 |
| Frozen Orange Juice (JO) | 111.80 | +2.90 |
+2.66 |
| Cotton (CT) | 54.29 | -1.08 |
-1.95 |
| Lumber (LB) | 293.50 | +10.00 |
+3.53 |
|
Livestock |
|||
| Lean Hogs (LH) | 61.08 | +0.73 |
+1.20 |
| Live Cattle (LC) | 90.42 | +0.47 |
+0.53 |
Economic News
MBA Purchase Applications:
Purchase Index – Actual 503.9
Housing Starts:
Starts – Actual 2.108 Mln Consensus 1.950 Mln
Permits – Actual 2.189 Mln
EIA Petroleum Status Report:
Crude Oil Inventories, W/W Change – Actual +5.6 Mln Barrels
Gasoline Inventories, W/W Change – Actual +2.9 Mln Barrels
Ashton Dorkins