The DOE reported a HUGE buildup in crude oil inventory of 10.44MM, with expectations of only 7.9MM and bigger than API’s 9.9MM, crude oil sold off initially, then exploded higher. Look at today’s action on a 5 minute chart:
Education
Introduction to Agricultural Options  Introduction_to_Grain_Oilseed_and_Livestock_Options.pdf AN INTRODUCTION TO FUTURES AND OPTIONS The Birth of Futures In the Beginning In the mid-1840s, Chicago began to…
Tuesday Morning #Grain Comments for #Soybeans, #Corn, #Wheat #Futures
ï‚· Yesterday afternoon’s USDA Crop Progress report showed corn planting delays are quickly and notably mounting as only 14% of the U.S. crop is now…
Today’s US Economic Calendar 05/03/2022
Motor Vehicle Sales FOMC Meeting Begins 10:00 am Job openings March 11.2 million 11.3 million10:00 am Quits March — 4.4 million10:00 am Factory orders March…
#USDA Weekly #Crop Progress #Corn, #Soybean, #Wheat, #Cotton, #Oat #Futures
-Winter wheat conditions 27% good/excellent vs 28% expected (25-30% range of ideas), 27% last week, 48% last year-Corn planting 14% complete vs 16% expected (12-24%…