Bearly News for June 6, 2014

Top Stories

News that Sprint Corp. would buy rival T-Mobile Inc. in a stock and cash deal that could be valued at as much as $50 billion had Sprint’s shares jumping more than 3.5 percent in pre-market trading on Thursday, while T-Mobile’s shares rose more than 1 percent in. (1) A new unconventional day trading strategy is having truly uncommon results in helping consistently losing traders obtain mind-boggling returns – read the full story here. The U.S. trade deficit climbed 6.9 percent in April to a 2-year high of $47.2 billion, as imports jumped 1.2 percent to a record $240.6 billion and exports remained flat at $193.3 billion. Economists had called for a considerably smaller $41 billion deficit. (2)

Economic Releases & Statistics

After initially reporting that its U.S. manufacturing index unexpectedly fell from 54.9 to a 3-month low of 53.2 versus forecasts of 55.5, the Institute for Supply Management corrected the data just a few hours later to show an increase to 55.4. (3) The mix-up had indices swinging from a downward slide back to record territory. (4) U.S. factory orders climbed by a better-than-expected 0.7 percent in April – exceeding forecasts of 0.5 percent – as demand for defense products rose sharply. March orders were also upwardly revised from 0.9 percent advance to 1.5 percent. (5) U.S. construction spending rose 0.2 percent in April to hit a 5-year high of $953.5 billion, after residential and public construction expanded. Although the advance missed estimates for an increase of 0.6 percent, March was upwardly revised from a growth of 0.2 percent to 0.6 percent. (6) Manufacturing in China grew at its fastest pace in a year – rising from 50.4 to 50.8 in May – indicating that the government’s recent “pro-growth policies” have helped to stabilize the economy. The advance beats forecasts, which called for a reading of 50.7. (7) Eurozone inflation fell from 0.7 percent to an annualized 0.5 percent in May – adding to deflation concerns that could pressure the European Central Bank to set up measures that would support prices and increase growth. Economists had anticipated a smaller decline to 0.6 percent. (8)

Stocks & Earnings

Hillshire Brands’ shares jumped 9 percent on Tuesday to an all-time high of $58.50 after Pilgrim’s Pride raised it buyout offer to from $45 a share to $55– topping Tyson Food’s counter bid of $50. (9) A technique recently released by a top U.S. trading school is allowing traders to make money even in bear markets, while trading almost any stock they want – read the full story here. After reporting preliminary financial results that missed expectations, Rite Aid’s shares plunged 14 percent on Thursday. The drugstore chain expects to earn between $35 million and $45 million with adjusted earnings of $0.04 a share during the first quarter. Analysts’ projections were nearly double that at $76 million in net income with an EPS of $0.08. (10) AT&T raised its full-year revenue estimate again – up from a previous forecast of 4 percent to 5 percent – as they anticipate the addition of more than 800,000 monthly customers during the second quarter. Analysts had been projecting a growth 3.6 percent. (11)

Global Currencies

The U.S. dollar fell against most of its major counterparts on Friday after a U.S. jobs report failed to increase bets that the Fed Reserve will speed up the timeline for a rate increase. (12) Trader reveals how in one week or less and in any market conditions traders are making a profit of up to 15 percent every week – read the full story here. In an unprecedented move, the European Central Bank cut its interest rate on deposits to minus 0.1 percent, while cutting its main interest rate from 0.25 percent to a record-low 0.10 percent in an attempt to fight off the risk of deflation. The news sent the euro tumbling to a 4-month low of $1.3575 against the U.S. dollar. (13) Despite rising house prices and strong economic growth, the Bank of England held its key rate at a record-low of 0.5 percent. (14) The Reserve Bank of Australia kept its key interest rate unchanged and in line with forecasts at a record-low 2.5 percent. (15) As anticipated, the Bank of Canada followed suit – leaving its rate unchanged 1 percent as weak growth offset a slight rise in inflation. (16)

Oil & Energies

According to Wednesday’s EIA report, the nation’s crude oil supplies fell more than anticipated last week – dropping 3.4 million barrels compared to forecasts for a draw of 100,000 barrels. Supplies now stand at 389.5 million barrels. Gasoline supplies increased less than expected – advancing 210,000 barrels to 211.8 million versus forecasts for a build of 2 million barrels. Distillates unexpected climbed by 2 million barrels to reach 118.1 million barrels compared to forecasts for a draw of 1 million barrels. (17)

Natural gas storage rose by 119 billion cubic feet to 1.499 trillion cubic feet last week – exceeding forecasts for a build of 116 billion cubic feet. Supplies are 33 percent lower year-on-year and 37 percnet below the 5-year average. (18)

Grains & Field Crops

Global soybean production is expected to jump 6.1 percent year-on-year to a record 301.2 million metric tons during the 2014/15 season, as harvest area climbs 4 percent to an all-time high of 292.8 million acres. (19) Corn fell to a 16-week low of $4.47 a bushel this week, as forecasts called for a record domestic crop at 13.939 million bushels and farmers boosted plantings to 95 percent of the harvest as of June 1 with 76 percent of plants in good or excellent condition. (20) After experiencing its longest slump in 15 years – finally hitting a 3-month low of $6.1075 a bushel – wheat prices were able to rebound midweek on speculation that the downturn in prices could fuel demand as more opportunistic buyers enter the market. (21)

Precious Metals

Gold dropped to a 4-month low of $1,241.11 an ounce this week, as the S&P 500 closed at a record-high 1,923.57 and “hedge funds pared bets on a rally in the metal at the fastest pace this year as haven demand waned.” (22) According to Bloomberg, China and India consume more gold than the world’s mines produce, with China consuming an estimated 5.15 million ounces a month and India 2.85 million, while world gold mines produce just 7.44 million ounces – resulting in a 0.56 million ounce deficit per month. (23)

Other Commodities

According to Mercon Group, Brazil’s coffee harvest will come in at 50.5 million bags this year – up from the USDA’s May estimate of 49.5 million and Brazil’s crop forecasting agency Conab’s projection of 44.6 million – as recent rains alleviate damage brought on by one of the worst droughts in 50 years. The new forecast had Arabica prices falling 0.7 percent to $1.7115 a pound – bringing prices to stand 22 percent below the 2-year high reached in April. (24) Ghana announced plans to regain its place as the world’s largest cocoa producer within the next 3 years, as industry regulators assist farmers in increasing yields from 450 kilograms per hectare to 1,000 kilograms. Ghana also raised its projection for the current season to an output of 900,000 metric tons. (25)

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Disclaimer: Trading and investing involve a substantial degree of a risk of loss and are not suitable for everyone. Past performance is not indicative of future results. Fundamental factors, seasonal and weather trends, daily news, and other current events may have already been factored into the markets. Some trading strategies have unlimited risk. Educate yourself on the risks and rewards of such investing prior to trading. The publisher, and/or its affiliates, staff or anyone associated with Bearly News, do not guarantee profits or pre-determined loss points, and are not held monetarily responsible for the trading losses of others (subscribers or otherwise). Information provided is compiled by sources believed to be reliable. The publisher, and/or its principals, assume no responsibility for any errors or omissions as the information may not be complete or events may have been canceled or rescheduled. Any copy, reprint, broadcast or distribution of this report of any kind is prohibited without the expressed written consent of the publisher.

Bearly News for May 30, 2014

Top Stories

Hillshire Brands’ shares jumped nearly 23 percent on Monday after the company received an unsolicited offer to be bought out by Pilgrim’s Pride for $5.6 billion. The deal would require Hillshire to back out of its previous plan to buy Pinnacle Foods for $4.23 billion. (1) Shares continued to surge on Thursday – climbing more than 15 percent – after Hillshire received a larger $6.1 billion buyout offer from Tyson Foods. (2) Trader explains how what happened June 4, 2010 is helping traders turn 15 minutes a week into a solid weekly income – read the full story here. In an attempt to compete with popular streaming-music services, Apple agreed to buy Beats Electronics for $3 billion – marking its largest-ever acquisition deal. (3)

Economic Releases & Statistics

U.S. consumer confidence rose from 81.7 to 83 in May – marking the second-highest reading since Jan. 2008 – as consumers became more optimistic hiring and the overall state of the economy. (4) U.S. durable goods orders unexpectedly rose 0.8 percent in April versus forecasts for a 0.7 percent decline, as military spending surged 39.3 percent. (5) For the first time in 3 years, the U.S. economy contracted – declining 1 percent during the first quarter versus initial government estimate for an expansion of 0.1 percent – as harsh winter weather weighed on growth. Economists had called for a smaller contraction of 0.5 percent. (6) South Africa’s economy shrank 0.6 percent during the first quarter – hitting a recession low of 3.8 percent – as mining production tumbled 4.7 percent due to the ongoing strike though out the country’s platinum belt and a 4.4 percent decline in the manufacturing sector. (7) Unemployment in Germany unexpectedly rose for the first time in 6 months – advancing 23,937 to 2.905 million versus forecasts for a decline of 15,000 – “amid signs of a slowdown in Europe’s largest economy that could weigh on the fragile euro-area recovery.” (8)

Stocks & Earnings

Toll Brothers’ Q2 profit more than doubled to $65.2 million or $0.35 a share – exceeding forecasts of $0.27 – as revenue jumped 67 percent to $860 million. The better-than-expected earnings had shares rising 6 percent. (9) For a limited time, a 20-year trading veteran is making one of his top trading techniques available to our readers in a free download – get it here. Michael Kors’ Q4 profit jumped 59 percent to $161 million or $0.78 a share – beating forecasts of $0.68 – as revenue climbed 54 percent. On a full-year basis, the company expects to earn between $3.85 and $3.91 a share on revenue of $4 billion to $4.1 billion compared to forecasts of $3.85 a share on $4.06 billion in revenue. (10) The news sent shares up more than 5 percent. (11) Costco Wholesale’s Q3 profit rose 3 percent to $473 million or $1.07 a share, as revenue rose 7.1 percent on a 5.6 percent increase in revenue from membership-fees. Forecasts had called for an EPS of $1.09. (12) Abercrombie & Fitch’s Q1 net loss widened to $23.7 million or $0.32 a share. However, an adjusted net loss of $0.17 a share on $822.43 million in revenue beat forecasts of $0.19 a share on $798.20 million in revenue – sending the clothing retailer’s shares up nearly 9 percent. (13)

Global Currencies

The euro fell to a 3-month low of $1.3589 against the U.S. dollar after unemployment in Germany unexpectedly advanced. (14) Trader makes available his own brokerage statements in order to prove that his new revolutionary day trading strategy is consistently producing truly uncommon results – read the full story and sign up for his free training event here. The yen rose against the U.S. dollar on Friday – hitting 101.65 – after Japan’s core inflation rate climbed to a 23-year high in April. (15) The loonie fell against the U.S. dollar – touching C$1.0861 – after a report showed that Canada’s economy expanded just 1.2 percent during the first quarter versus forecasts for a growth of 1.8 percent. (16) The Bank of Israel unexpectedly left its interest rate unchanged at 0.75 percent compared to forecasts for a reduction of 25 basis points, as unemployment fell to a 5-month low of 5.6 percent. (17)

Oil & Energies

According to this week’s EIA report, the nation’s crude oil supplies rose by 1.65 million barrels to 392.9 million barrels. Analysts had projected a smaller build of 100,000 barrels. Gasoline supplies unexpected fell by 1.8 million barrels to reach 211.5 million barrels compared to forecasts for a build of 200,000 barrels. Distillates unexpectedly fell by 196,000 barrels to 116 million versus forecasts for an increase of 600,000 barrels. (18)

Natural gas storage rose by 114 billion cubic feet to 1.380 trillion cubic feet last week – exceeding forecasts for a build of 110 billion cubic feet. Supplies are 748 billion cubic feet lower year-on-year and 922 billion cubic feet below the 5-year average. (19)

Grains & Field Crops

Favorable weather conditions throughout much of the European Union has the region on course to bring in the largest wheat crop in 6 years at 145 million tons. (20) Forecasts for Germany’s 2014 wheat harvest were raised from 23.95 million tons to 24.77 million – putting the estimate closer to last year’s output of 24.87 million tons. (21) The U.S. wheat harvest is now projected 800,000 tons lower at 56.7 million tons, as dry weather continues to hurt crop conditions. (22) The decline in U.S. output had the International Grains Council lowering its global wheat production estimate from 697 million tons to 694 million. The agency raised its global corn output projection by 0.5 percent to 955 million tons on an increase production out of Brazil. (23) An excessive amount of rain in Argentina has slowed harvesting, with an unprecedented 6.2 million hectares of soybeans and 3.4 million hectares of corn still left to be harvested compared “with 2.6 million hectares of soybeans and 1.4 million hectares of corn that were uncollected at the same time last year.” (24)

Precious Metals

Palladium rose to an Aug. 2011 high of $845 an ounce this week, as the strike in South Africa continues. The metal has risen 17 percent since the strike began. Demand is expected to outpace supplies by a record 1.6 million ounces this year. (25) Gold prices fell to a 15-weel low of $1,261.10 an ounce this week, as exchange-traded assets sink to a 2009 low of 1,715.84 metric tons and U.S. equities climb to record-highs. (26)

Other Commodities

Cocoa prices rose to a more than 32-month high of $3,031 a ton this week after the price of cocoa butter rose to a 5-week high – fueling speculation that chocolate demand was on the rise. (27) Vietnam’s coffee output is expected rise 170,000 bags during the 2014/15 season to reach a record 29.2 million bags, as area is increased by some 27,000 hectares and weather conditions remain favorable. The production increase, as well as the release of previous supplies from government stockpiling, will have exports climbing to an all-time high of 2.1 million bags. (28)

This post contains paid advertisements. It is for a product or service that is not offered, recommended or endorsed by BullBearWorld.com and neither the company nor its affiliates bear responsibility or control over the content of the advertisement and the product or service offered. Proceed at your own risk.


Disclaimer: Trading and investing involve a substantial degree of a risk of loss and are not suitable for everyone. Past performance is not indicative of future results. Fundamental factors, seasonal and weather trends, daily news, and other current events may have already been factored into the markets. Some trading strategies have unlimited risk. Educate yourself on the risks and rewards of such investing prior to trading. The publisher, and/or its affiliates, staff or anyone associated with Bearly News, do not guarantee profits or pre-determined loss points, and are not held monetarily responsible for the trading losses of others (subscribers or otherwise). Information provided is compiled by sources believed to be reliable. The publisher, and/or its principals, assume no responsibility for any errors or omissions as the information may not be complete or events may have been canceled or rescheduled. Any copy, reprint, broadcast or distribution of this report of any kind is prohibited without the expressed written consent of the publisher.

Bearly News for May 23, 2014

Top Stories

Credit Suisse announced that it would pay $2.6 billion in penalties after pleading guilty to helping Americans cheat on their taxes – marking the first time in more than 2 decades that a world bank of its size has admitted to a crime in the U.S. (1) In a surprise move, a top U.S. trading school shares one of their coveted trading techniques absolutely free – get it here. After revealing nearly $1 billion in revenue, extreme-sports-camera-company GoPro Inc. announced that it is looking to raise $100 million during its initial public offering. The company will to be listed on the Nasdaq under the symbol “GPRO.” (2)

Economic Releases & Statistics

U.S. existing home sales advance for the first time in 4 months – rising 1.3 percent in April to an annual rate of 4.65 million versus forecasts of 4.66 million – as the number of homes for sale climbed 16.8 percent and price increases slowed. (3) The Markit Economics preliminary index of U.S. manufacturing rose from 55.4 to a 3-month high of 56.2 in May – beating forecasts for a slight increase to 55.5 – as output rose from 55.2 to 59.6 and the quantity-of-orders subindex jumped from 56.7 to 59.2. (4) A similar manufacturing index in China rose from 48.1 to a 5-month high of 49.7 in May, as both output and orders rebounded. The advance exceeded forecasts, which called for a reading of 48.3. (5) Inflation in the U.K. rose for the first time in 10 months in April – advancing 1.8 percent year-on-year versus forecasts for a gain of 1.7 percent – as consumers spent more on travel over the Easter holiday. (6) On an annual basis, retail sales in the U.K. rose at its fastest pace in 10-months – climbing 6.9 percent in April compared to forecasts for a gain of 5.1 percent – as food sales made its best advance since Jan. 2002. On a monthly basis, sales were up 1.8 percent – exceeding forecasts of just 0.5 percent. (7)

Stocks & Earnings

During a live training event, trader reveals a new weekly options system that triggers trades in both trending and flat markets – gain exclusive access to this free event here. Staples’ Q1 profit tumbled 43 percent to $96.2 million or $0.15 a share, as sales fell 2.8 percent to $5.65 billion. Excluding items, the office-supplies chain earned $0.18 a share versus forecasts of $0.21. The news sent shares down 10 percent. (8) Tiffany & Co’s Q1 profit soared 50 percent to $125.6 million or $0.97 a share – exceeding forecasts of $0.78 a share – as overall sales rose 13 percent. The jewelry retailer also raised its full-year outlook by $0.10 to between $4.15 and $4.25 a share. (9) The news had shares rising more than 10 percent. (10) Saleforce.com’s Q1 net loss widened from $67.7 million to $96.9 million year-on-year after expenses advanced 36 percent. However, an adjusted earnings of $0.12 a share still beat forecasts of $0.10, as revenue jumped 37 percent to $1.23 billion versus forecasts of $1.21 billion. (11) Despite reporting that revenue fell 1.9 percent, Best Buy reported Q1 profit of $461 million – up from a year-earlier loss of $81 million – as the electronics retailer cut costs. On an adjusted basis, the Best Buy earned $0.33 a share, which easily topped Wall Street’s $0.19 a share projection. The better-than-expected results had shares climbing more than 8 percent. (12)

Global Currencies

The U.S. dollar fell to a 3-½ month low of 101.11 against the yen this week – “pressured by a declining trend in U.S. Treasury yields that may be due to uncertainty about U.S. economic growth prospects.” (13) The euro dropped to a 3-month low of $1.3616 against the dollar on Friday, as a reading on business sentiment in Germany fell more than anticipated this month. (14) Open Trader’s Ziad Masri shares 7 truly unique trading techniques that have been helping some of his students net 6-figures in as little as one month – read the full story here. Growing speculation that the Bank of England will be raising interest rates in the near term had the pound climbing to a 17-month high of 80.82 pence against the euro this week. (15)

Oil & Energies

According to Wednesday’s EIA report, the nation’s crude oil supplies unexpectedly tumbled 7.2 million barrels to 391.3 million barrels compared to forecasts for a build of 700,000 barrels. (16) The news sent prices up 1.8 percent to over $104 a barrel. (17) Gasoline supplies rose by 970,000 barrels to reach 213.4 million barrels versus forecasts for a gain of 100,000 barrels. Distillates increased more than expected – advancing 3.4 million barrels to 116.3 million versus forecasts for a build of 200,000 barrels. (18)

Natural gas storage rose by 106 billion cubic feet to 1,266 billion cubic feet last week – exceeding forecasts for a build of 102 billion cubic feet. Supplies are 774 billion cubic feet lower year-on-year and 943 billion cubic feet below the 5-year average. (19)

Grains & Field Crops

Russia’s grain harvest is now expected to come in at 100 million tonnes – up from a previous forecast of between 95 million tons and 98 million as well as the 89.3 million tons produced last year – as weather conditions improve. The new estimate fails to include some 2 million tons expected to come from Crimea. (20) Poor weather conditions and civil unrest will likely have Syria’s 2014 wheat harvest coming in 18 percent lower at 1.97 million tons – which is 38 percent below the 5-year average of 3.5 million tons. Barley output is projected to tumble 65 percent to just 0.34 million tons. (21) Soybean prices jumped to an 11-month high of 15.3675 a bushel this week “on speculation that demand for livestock feed will increase in China amid rebounding prices for eggs and pigs.” (22)

Precious Metals

The platinum market is expected to experience the largest deficit on record this year, with a shortfall of some 1.22 million ounces, as the strike at South Africa’s top 3 mining companies reduces output by 250,000 ounces. (23) Palladium’s deficit is also expected to widen – expanding to a 34-year high of 1.612 million ounces – as demand climbs 13 percent to 7.789 million ounces and production in South Africa and Russia is seen falling 7 and 5 percent, respectively. (24) Increased concerns over supplies had palladium prices rising to a 33-month high of $834.50 an ounce this week. (25)

Other Commodities

Cane production in Brazil’s top producing Center South region is expected to fall 5.2 percent to 565 million tons this season, as the area deals with the driest summer on record in the past 7 decades. The decline in production will likely have demand outpacing supplies by 900,000 metric tons this season and 3 million tons during the 2014/15 season. (26) As coffee rust continues to plague Central America, production in Mexico is estimated to rise just 100,000 bags to 3.90 million during the 2014/15 season – which excluding the 2013/14 season is a 34-year low. Output in El Salvador is expected to increase 168,000 bags from an 80-year low of 507,000 bags, while output in Costa Rica is projected to fall an additional 48,000 bags to a 1976/77 seasonal-low of 1.38 million bags. (27) Colombia’s coffee exports are expected to rise to a 21-year high of 11.59 million bags during the 2014/15 season, as production rises from 10.8 million bags to a 7-year high of 11.9 million due to a replanting program “aimed at promoting varieties resistant to the rust fungus.” (28)

This post contains paid advertisements. It is for a product or service that is not offered, recommended or endorsed by BullBearWorld.com and neither the company nor its affiliates bear responsibility or control over the content of the advertisement and the product or service offered. Proceed at your own risk.


Disclaimer: Trading and investing involve a substantial degree of a risk of loss and are not suitable for everyone. Past performance is not indicative of future results. Fundamental factors, seasonal and weather trends, daily news, and other current events may have already been factored into the markets. Some trading strategies have unlimited risk. Educate yourself on the risks and rewards of such investing prior to trading. The publisher, and/or its affiliates, staff or anyone associated with Bearly News, do not guarantee profits or pre-determined loss points, and are not held monetarily responsible for the trading losses of others (subscribers or otherwise). Information provided is compiled by sources believed to be reliable. The publisher, and/or its principals, assume no responsibility for any errors or omissions as the information may not be complete or events may have been canceled or rescheduled. Any copy, reprint, broadcast or distribution of this report of any kind is prohibited without the expressed written consent of the publisher.

Bearly News for May 16, 2014

Top Stories

News that AT&T was in advanced talks to buyout DirecTV for $50 billion had DirecTV’s shares surging this week – climbing 3.89 percent to $90.59. (1) During a tell-all event, Trader Kirt Christensen reveals a new weekly options system that is allowing him to trade only optimal, high probability trades – read the full story here. J.C. Penney Co’s shares soared more than 25 percent after the company reported Q1 results that beat expectations. The department-store chain lost $1.14 a share versus analysts’ $1.24 a share projection, while also announcing that revenue grew for the first time in 3 years – advancing 6.3 percent advance. (2)

Economic Releases & Statistics

U.S. retail sales rose just 0.1 percent in April – missing forecasts for a gain of 0.4 percent – as consumers spent less on furniture, electronics, and eating out in addition to cutting back on online shopping. (3) U.S. producer prices rose at their fastest pace in 1-½ years in April – climbing 0.6 percent versus forecasts for a gain of 0.2 percent – as an 8.4 percent increase in meat prices had food prices jumping 2.7 percent. The Advance sent the annual rate up to a 2-year high of 2.1 percent. (4) U.S. industrial production unexpectedly fell 0.6 percent in April compared to forecasts for an unchanged reading, as warmer weather had utilities dropping 5.3 percent. (5) Investor confidence in Germany fell from 43.2 to a Jan. 2013 low of 33.1 in April “in a sign of growing concern that threats from low inflation to a strong euro may undermine the recovery.” Economists had called for a smaller decline to 40. (6) Retail sales in the U.K. surged 4.2 percent in April – exceeding forecasts for an increase of 1.8 percent – as rising home values had consumers spending more on home improvements over Easter weekend. (7) Japan’s current account surplus tumbled 90.9 percent year-on-year to an all-time low of 116.4 billion yen (1.14 billion dollars) in March versus forecasts of 305 billion yen, as imports climbed 23.2 percent on an annual basis compared to an exports increase of just 6.2 percent. (8)

Stocks & Earnings

Despite reporting that revenue increased 23 percent to $19 billion and global sales rose 10 percent to 621,000 units, Chrysler recorded a Q1 net loss of $690 million after accounting for $1.2 billion in charges. Excluding charges, Chrysler would have earned $486 million, up from $166 million. (9) The head educator and mentor at one of the world’s largest schools for traders is making one of their top trading techniques available to our readers for free – get the download here. Airbus’ Q1 profit soared 93 percent to €439 million ($604 million), as overall sales rose 5 percent and the aerospace group benefited from a favorable exchange rate. On an adjusted basis, Airbus earned €700 million ($963 million) – beating forecasts of €658.7 million. (10) Although Cisco Systems reported that fiscal Q3 earnings fell year-on-year, the company’s shares jumped 8 percent on Thursday after an adjusted earnings of $0.51 a share topped forecasts of $0.48. (11) Deere & Co.’s Q2 profit fell 9.5 percent to $980.7 million or $2.65 a share, as equipment sales declined 10 percent to $9.25 billion. However, the results still exceeded Wall Street’s $2.47 a share projection. (12)

Global Currencies

In a surprise move top trader releases proof of how he is assisting some of his students in netting over $100,000 a month – read the full story here. The euro fell from a 2 ½-year high of $1.3995 to an 11-week low of $1.36505 against the dollar this week after economic growth in the euro zone missed expectations – expanding just 0.2 percent versus forecasts of 0.4 percent. (13) The yen climbed to a 3-month high of 138.78 against the euro this week, as “signs of fragility in some of the world’s biggest economies and declines in stocks spurred demand for the Japanese currency as a haven.” (14) With inflation reaching a 5-year high and economic growth falling to a nearly 5-year low, Chile’s central bank decided to keep its key interest rate unchanged and in line with forecasts at 4 percent. (15)

Oil & Energies

According to Wednesday’s EIA report, the nation’s crude oil supplies unexpectedly rose by 0.95 million barrels, or 0.2 percent, to 397.6 million barrels last week. Analysts had called for a draw of 1.5 million barrels. Gasoline supplies fell by 0.77 million barrels, or 0.4 percent, to 212.4 million barrels compared to forecasts for a draw of 1 million barrels. Distillates unexpectedly fell 1.1 million barrels, or 1 percent, to 112.9 million versus forecasts for a build of 1 million barrels. (16)

Natural gas storage rose by 105 billion cubic feet to 1.16 trillion cubic feet last week – exceeding forecasts for a build of between 97 billion cubic feet and 101 billion. Supplies are 40 percent lower year-on-year and 45 percent below the 5-year average. The news sent prices climbing 2.4 percent to $4.50 per million BTUs. (17)

Grains & Field Crops

Not including 2 million metric tons of grain from the recently added Crimea Peninsula, Russia’s grain harvest is expected to rise 0.5 percent year-on-year to 93 million tons. The wheat harvest is projected to fall 0.2 percent to 52 million tons, as an increase spring wheat planting area offsets a decline in winter wheat. (18) South African white corn futures dropped to a more than 2-year low of 1,952 rand ($189) a metric ton this week, after analysts called for supplies to outpace demand and farmers continue to face harvesting pressure. (19) Wheat extended its longest slump in 5 months this week – dropping for the sixth straight session to bring prices down 7.6 percent to $6.9025 a bushel from a 14-month high of $7.44 – as the USDA sees global stockpiles rising 0.5 percent to 187.4 million metric tons. (20)

Precious Metals

Gold imports in India plunged 74 percent on an annual basis to $1.75 billion in April, as government restrictions weigh on imports – sending gold smuggling soaring to an all-time high. (21) In an attempt to break a 16-week strike in South Africa’s platinum belt, Lonmin Plc reopened its mines on Wednesday despite having not come to a wage agreement with Association of Mineworkers and Construction Union (AMCU). (22) The move came after the mines sent SMS communications directly to workers asking them to break the strike, which AMCU is now taking legal action over. (23) Lonmin claims that through the communication “they received ‘overwhelming support’ from employees for a return to work.” (24)

Other Commodities

For the first time since 1994, Brazil’s coffee production is expected to decline during an on-year – with the USDA projecting a decline of 4.2 million bags to 49.5 million. However, the estimate sits well above other forecasts of between 44 million bags and 45 million, as the agency foresees the arabica harvest, which is estimated to decline 6.3 million bags to 33.1 million, to be partially offset by a record 16.4 million bag robusta harvest. (25) Orange production in Brazil is expected to rise 6.5 percent to 308.8 million boxes during the 2014/15 season, as orchard productivity advances 9.4 percent. (26) A report showing that sugar production at Brazil mills has fallen 13 percent year-on-year to 1.47 million tonnes had prices rising to a 6-week high of 18.28 cents a pound this week. Forecasts currently call for output to fall from 597 million tonnes to 575 million during the 2014/15 season. (27)

This post contains paid advertisements. It is for a product or service that is not offered, recommended or endorsed by BullBearWorld.com and neither the company nor its affiliates bear responsibility or control over the content of the advertisement and the product or service offered. Proceed at your own risk.


Disclaimer: Trading and investing involve a substantial degree of a risk of loss and are not suitable for everyone. Past performance is not indicative of future results. Fundamental factors, seasonal and weather trends, daily news, and other current events may have already been factored into the markets. Some trading strategies have unlimited risk. Educate yourself on the risks and rewards of such investing prior to trading. The publisher, and/or its affiliates, staff or anyone associated with Bearly News, do not guarantee profits or pre-determined loss points, and are not held monetarily responsible for the trading losses of others (subscribers or otherwise). Information provided is compiled by sources believed to be reliable. The publisher, and/or its principals, assume no responsibility for any errors or omissions as the information may not be complete or events may have been canceled or rescheduled. Any copy, reprint, broadcast or distribution of this report of any kind is prohibited without the expressed written consent of the publisher.

Bearly News for May 9, 2014

Top Stories

Twitter shares tumbled 18 percent to an all-time low of $31.85 this week after the microblogging site’s IPO lockup expired – allowing inside investors to sell some 480 million shares for the first time. (1) Traders go beyond “buy and hold” in order to make money regardless of market conditions with a download that is being given away free by a top U.S. trading school – read the full story here. U.S. Fed Reserve Chair Janet Yellen said she foresees the economy expanding at a slightly faster pace this year – noting significant improvements in the job market. However, she warned that weakness in the housing market as well as increased geopolitical tensions could pose a possible risk to growth – stating that “a high degree of monetary accommodation remains warranted.” (2)

Economic Releases & Statistics

The U.S. trade deficit fell 3.6 percent to $40.4 billion in March, as exports rebounded 2.1 percent to $193.9 billion – marking its largest advance in 9 months – and imports rose just 1.1 percent to $234.3 billion. Economists had had projected a slightly larger decline to $40 billion. (3) The U.S. services sector advanced at its fastest pace in 8 months – rising from a March reading of 53.1 to 55.2 in April – as the index for new orders rose from 53.4 to 58.2 and business activity/production index climbed to 60.9 from 53.4. Economists had projected a smaller increase to 54.1. (4) Although the European Commission left its 2014 economic growth forecast unchanged at 1.2 percent, it lowered its 2015 projection from 1.8 percent to 1.7 percent, after reducing its inflation outlook to just 0.8 percent this year and 1.2 percent next year. The commission previously called for an increase of 1 percent and 1.3 percent, respectively. (5) Manufacturing in China fell for the fourth straight month in April – dropping from initial reading of 48.3 to 48.1 – as “both the new export orders and employment sub-indices contracted.” Forecasts had called for a reading of 48.4. (6) German factory orders unexpectedly dropped 2.8 percent in March versus forecasts for a gain of 0.3 percent, as foreign orders tumbled 4.6 percent. On a year-on-year basis, order rose 1.5 percent – missing forecasts for a 4.3 percent advance. (7)

Stocks & Earnings

Pfizer’s Q1 profit fell 15 percent to $2.33 billion or $0.36 a share, as revenue fell 9 percent to $11.35 billion due to increased generic drug competition. On an adjusted basis, drugmaker earned $0.57 a share – beating forecasts of $0.55 – on aggressive cost cutting measures. (8) A new unconventional day trading strategy is helping consistently losing traders obtain mind-boggling results – read the full story here. A 32 percent increase in expenses had Discovery Communications’ Q1 profit falling 0.4 percent to $230 million. However, adjusted earnings of $0.75 a share exceeded forecasts of $0.71, as overall revenue climbed 22 percent to $1.41 billion. (9) After reporting a Q1 profit of $38 million or $0.07 a share versus forecasts of $0.03 a share, Office Depot announced plans to close some 400 stores by the end of 2016 in a move that would cut costs by $75 million. The news had the retailer’s shares jumping 20 percent. (10) Chesapeake Energy’s Q1 profit surged from $15 million to $374 million, as revenue soared 47 percent. On an adjusted basis, the company earned $0.59 a share – topping forecasts of $0.48. Chesapeake also raised its 2014 production estimate from a projected 2 to 4 percent growth to between 9 and 12 percent. (11)

Global Currencies

The Reserve Bank of Australia left its key interest rate unchanged and in line with forecasts at a record-low 2.5 percent this week, in the hopes that the low rates will boost both consumer and business spending. (12) Trader explains how what happened June 4, 2010 is allowing even the smallest investor to make a solid weekly income in just 15 minutes a week – read the full story here. As expected, the European Central Bank held its interest rate at a record-low 0.25 percent. Although the move initially sent the euro to a nearly 2½-year high of $1.3993 against the dollar, comments from the council that it could take action as early as June had the currency reversing its advance. (13) The U.S. dollar dropped to a 1-month low against the loonie on Thursday – hitting C$1.0868 – after the release of strong housing data out of Canada. (14) Despite recent signs that the U.K.’s economic recovery is accelerating, the Bank of England held its interest rate unchanged at a record-low 0.5 percent, as housing prices continue to rise. The move was anticipated by economists. (15)

Oil & Energies

According to Wednesday’s EIA report, the nation’s crude oil supplies unexpectedly fell by 1.8 million barrels to 397.6 million barrels last week. Analysts had called for a build of 1.2 million barrels that would have brought supplies to stand at an all-time. Gasoline supplies increased more than anticipated last week – climbing 1.6 million barrels to 213.2 million barrels compared to forecasts for a build of 100,000 barrels. Distillates unexpectedly declined – dropping 447,000 barrels to 114 million versus forecasts for an increase of 1.2 million barrels. (16)

Natural gas storage rose by 74 billion cubic feet to 1.1 trillion cubic feet last week – exceeding forecasts for a build of 71 billion cubic feet. Supplies are 797 billion cubic feet lower year-on-year and 982 billion cubic feet below the 5-year average. The larger-than-expected increase had prices falling 3.5 percent to $4.57 per million British thermal units. (17)

Grains & Field Crops

In its most recent WASDE release, the USDA raised its 2014 domestic soybean crop forecast from a previous estimate of 3.55 billion bushels to a record 3.635 billion, as farmers increase acreage. Inventories are expected to more than double this year’s estimate of 130 million bushels – reaching 330 million as of Aug. 31, 2015 versus forecasts of 285 million bushels. (18) Domestic corn inventories are projected to rise from 1.146 billion bushels to 1.726 billion as of Aug. 31, 2015 – exceeding forecasts of 1.641 billion bushels – as production rises from 2013’s record 13.925 billion bushels to 13.935 billion versus forecasts of 13.736 billion bushels. (19) India wheat exports are expected to jump from the 2012/13 record of 6.8 million metric tons to between 8 million and 10 million tons in the 12 months that began April 1, as U.S. prices advance on drought concerns and the possibility of supplies being disrupted from the Black Sea over political tensions. (20)

Precious Metals

According to the China Gold Association, consumption of gold bars in China tumbled nearly 44 percent to 67.95 metric tons during the first quarter of the year, while total gold consumption fell 0.8 percent to 322.99 metric tons. Output was up 7.3 percent at 96.499 metric tons. (21) An upbeat economic forecast from Fed Reserve Chair Janet Yellen on Wednesday had gold prices making its largest decline in 3 weeks – dropping 1.5 percent to settle at $1,288.90 an ounce, while silver similarly fell 1.5 percent to close at $19.34 an ounce. (22)

Other Commodities

Indonesia coffee consumption is expected to climb 33 percent to a record 400,000 metric tons in the next 2 years, as population and income per capita advances. With output projected to reach just 700,000 this year, analysts expect prices to continue their upward trend. As of May 6, Arabica stood up 83 percent for the year at $2.0225 a pound. (23) Brazil’s 2014/15 orange harvest is projected to rise 6.5 percent to 308.8 million boxes, as a 9.4 percent increase in orchard productivity more than compensated for a 2.6 percent decline in the number of trees. (24) Sugar output in Brazil’s center-south is expected to fall from last season’s 596 million metric tons to 575 million tons, as the “worst drought in decades and the country’s energy policy” has processors cutting the number of active mills to a 6-season low of 377. (25)

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Disclaimer: Trading and investing involve a substantial degree of a risk of loss and are not suitable for everyone. Past performance is not indicative of future results. Fundamental factors, seasonal and weather trends, daily news, and other current events may have already been factored into the markets. Some trading strategies have unlimited risk. Educate yourself on the risks and rewards of such investing prior to trading. The publisher, and/or its affiliates, staff or anyone associated with Bearly News, do not guarantee profits or pre-determined loss points, and are not held monetarily responsible for the trading losses of others (subscribers or otherwise). Information provided is compiled by sources believed to be reliable. The publisher, and/or its principals, assume no responsibility for any errors or omissions as the information may not be complete or events may have been canceled or rescheduled. Any copy, reprint, broadcast or distribution of this report of any kind is prohibited without the expressed written consent of the publisher.

Bearly News for May 2, 2014

Top Stories

Exelon Corp, the largest U.S. nuclear power producer, announced that it would buy Pepco Holdings Inc in a $6.83 billion cash deal – making it the largest electric and gas utility company in the Mid-Atlantic region. (1) AstraZeneca shares jumped more than 15 percent on Monday after Pfizer announced its interest in acquiring the drug maker. (2) AstraZeneca ended up declining both the initial offer of 58.7 billion pounds ($98.6 billion) and Pfizer’s second offer of 63 billion pounds ($106 billion). (3)

Trader provides proof how his new revolutionary day trading strategy has consistently been turning losing traders into super traders, with profits of over a $100k a month – read the full story here. The International Monetary Fund cut its 2014 growth forecast for Russia from 1.3 percent to 0.2 percent – “warning that Ukraine-related sanctions were scaring off investors and were pushing the economy towards recession.” (4)

Economic Releases & Statistics

The U.S. economy accelerated at its slowest pace in 3 years – advancing just 0.1 percent in Q1 compared to forecasts for a gain of 1.1 percent – as one of the worst winters in years weighed on growth. (5) During a live event, trader Kirt Christensen explains how anyone can make every Friday lucrative, regardless of market conditions – reserve your spot here. U.S. consumer confidence fell from an upwardly revised 6-year high of 83.9 to 82.3 in April, as consumers become less optimistic about the job market and the overall state of the economy. Economists had called for a reading of 83.2. (6) U.S. consumer spending rose at its fastest pace in 5 years – advancing 0.9 percent in March versus forecasts for an increase of 0.6 percent – as personal income rose 0.5 percent. (7) Eurozone inflation rose 0.7 percent in April – adding to concerns as to whether or not the European Central Bank should act in order to combat the rising risk of deflation. Forecasts called for an increase of 0.8 percent. (8) Further pressure came after Germany reported that inflation rose just 1.1 percent for the month versus forecasts for a gain of 1.3 percent. (9)

Stocks & Earnings

Merck & Co.’s Q1 profit rose 7 percent to $1.71 billion or $0.57 a share, as increased cost cutting offset a decline in sales. On an adjusted basis, the drug maker earned $0.88 a share – topping forecasts of $0.79. (10) See how traders are using almost any stock to make money – even in bear markets – read the full story here. Time Warner Inc.’s Q1 profit surged 71 percent to $1.29 billion or $1.42 a share, as the release of “The Lego Movie” helped to boost revenue at its Warner Bros unit by 14 percent and “Game of Thrones” drove revenue at its HBO unit up 9 percent. Adjusted earnings of $0.97 a share topped forecasts of $0.88. (11) Coach’s Q3 income fell 20 percent to $190.7 million or $0.68 a share, as U.S. sales tumbled 21 percent and overall revenue declined 7.4 percent. Analysts called for an EPS of $0.61. The news had shares dropping 9.3 percent. (12) Exxon Mobil’s Q1 income fell 4.2 percent to $9.1 billion, as revenue fell 1.5 percent to $106.77 billion on a 5.6 percent decline in global crude oil and natural gas production. However, adjusted earnings of $2.10 a share topped forecasts of $1.88, as expenses on drilling and acquisitions outside of the U.S. dropped 41 percent. (13)

Global Currencies

Data showing that South Korea’s current-account surplus hit $7.35 billion in March had the won rising to a 5-year high of 1029.96 against the U.S. dollar on Wednesday. By Friday, the won had advanced 1.1 percent for the week to stand at 1,030.33 per dollar. (14) Speculation that exporters were selling U.S. currency in order to profit from a more favorable exchange rate had the India’s rupee making its best weekly advance in a month – climbing 0.8 percent to 60.1625 per dollar. (15) Better-than-expected U.S. employment data had the dollar extending gains against most of its major counterparts on Friday – with the Bloomberg Dollar Spot Index rising 0.3 percent to 1,010.74. Against the yen the dollar was up 0.6 percent at 102.92 yen, while advancing 0.4 to $1.3820 against the euro. (16)

Oil & Energies

According to Wednesday’s EIA report, the nation’s crude oil supplies rose by 1.7 million barrels to an all-time high of 399.4 million barrels. Analysts had called for a larger build of 2.2 million barrels. Gasoline supplies unexpected rose by 1.6 million barrels to reach 211.6 million barrels compared to forecasts for a draw of 400,000 barrels. Distillates increased more than expected – advancing 1.9 million barrels to 114.4 million versus forecasts for a build of 600,000 barrels. (17)

Natural gas storage rose by 82 billion cubic feet to 981 billion cubic feet last week – exceeding forecasts for a build of 75 billion cubic feet. Supplies are 790 billion cubic feet lower year-on-year and 984 billion cubic feet below the 5-year average. (18)

Grains & Field Crops

With the political tensions in Ukraine making it difficult for local farmers to receive loans farmers could reduce planting area by as much as 20 percent, which would cut grain output for the year by 11 million metric tons. Many analysts had already expected the harvest to fall from 2013’s record-high 63 million metric tons to between 55 million and 59 million metric tons. (19) According to the USDA, U.S. corn plantings stood at 19 percent completion as of April 27. Although this is well above last year’s rate, the figure is still below the 5-year average of 28 percent, as wet conditions and colder temperatures delayed progress. Analysts had expected a completion rate of between 20 and 25 percent. (20) Wheat rose to a 14-month high of $7.2475 a bushel this week after an industry crop tour through Kansas showed yields at their lowest level since 2001, with western areas standing 17 percent lower year-on-year and central regions 21 percent lower. (21)

Precious Metals

World silver stockpiles are expected to rise from 971 million ounces to 977.6 million ounces this year, with mine production estimated to rise 2.9 percent to 762.6 million ounces. As supplies increase, prices are projected to fall from 2013’s average of $23.750 an ounce to $20.440 an ounce. (22) India’s silver jewelry exports jumped 58.57 percent over the past fiscal year to $1,459.87 million and are expected to climb another 10 percent this year, as demand from the U.S., China, and Russia remains strong. (23) The Association of Mineworkers and Construction Union turned down the latest wage offer of 12,500 rand a month by July 2017 in basic wages and allowances – extending the 14-week strike that has resulted in more than 700,000 ounces in lost platinum production. (24)

Other Commodities

Dry weather and a replanting program that will require plantations to replace some 95 million aging trees over the next 10 years will have Vietnam’s 2014/15 robusta output falling 15 to 20 percent below the current year’s crop of 1.3 million metric tons. Production is not expected to pick up again until the program is completed. (25) South Africa’s orange exports are projected to fall 1.9 percent this year to 1.13 million metric tons, while mandarin exports are expected to rise 9 percent to 138,067 metric tons, as “consumers move from oranges toward easy peeler varieties.” (26)

This post contains paid advertisements. It is for a product or service that is not offered, recommended or endorsed by BullBearWorld.com and neither the company nor its affiliates bear responsibility or control over the content of the advertisement and the product or service offered. Proceed at your own risk.


Disclaimer: Trading and investing involve a substantial degree of a risk of loss and are not suitable for everyone. Past performance is not indicative of future results. Fundamental factors, seasonal and weather trends, daily news, and other current events may have already been factored into the markets. Some trading strategies have unlimited risk. Educate yourself on the risks and rewards of such investing prior to trading. The publisher, and/or its affiliates, staff or anyone associated with Bearly News, do not guarantee profits or pre-determined loss points, and are not held monetarily responsible for the trading losses of others (subscribers or otherwise). Information provided is compiled by sources believed to be reliable. The publisher, and/or its principals, assume no responsibility for any errors or omissions as the information may not be complete or events may have been canceled or rescheduled. Any copy, reprint, broadcast or distribution of this report of any kind is prohibited without the expressed written consent of the publisher.

Bearly News for April 25, 2014

Top Stories

Japan’s trade deficit quadrupled year-on-year to record 1.45 trillion yen ($14.1 billion) in March – exceeding forecasts of 1.08 trillion yen – as an 18.1 percent surge in imports more than offset a 1.8 percent advance in exports. Economists had expected imports to rise 16.2 percent and exports 6.5 percent. (1) Trader shares his revolutionary day trading strategy that has allowed some of his students to take in profits of over $100,000 in a single month – sign up for this exclusive webinar event here. U.S. durable goods orders made its best advance since Nov. – climbing 2.6 percent compared to forecasts for a gain of 2 percent – as orders for computers and electronics rose by the most since Nov. 2010. Excluding the more volatile transportation category, orders made its best advance in over a year – jumping 2 percent versus forecasts for an increase of just 0.6 percent. (2)

Economic Releases & Statistics

The U.S. index of leading indicators made its best advance in 4 months – rising 0.8 percent in March versus forecasts for an increase of 0.7 percent – as factory production rose and the job market continues to improve. (3) New home sales in the U.S. plunged 14.5 percent to an 8-month low of 384,000, as tight supplies and increased prices put off home buyers. The decline was unexpected, with forecasts calling for an increase to an annual rate of 450,000. (4) Existing home sales fell for the 3rd straight month in March – dropping 0.2 percent to a July 2012 low of 4.59 million. However, the decline was smaller than the 0.7 percent downturn projected by economists. (5) Eurozone consumer confidence unexpectedly rose to an Oct. 2007 high of -8.7 in April versus forecasts for an unchanged reading of -9.3, as “the unemployment rate retreated from a record and the single currency bloc’s recovery gained momentum.” (6) Australia’s core inflation rose just 0.5 percent in Q1 and 2.6 percent year-on-year, which was below forecasts of 0.7 percent and 2.9 percent, respectively. The unexpectedly tame results eased concerns that the Reserve Bank of Australia would raise the key rate in the near term. (7)

Stocks & Earnings

Netflix’s Q1 earnings rose to $53 million or 86 cents a share – topping forecasts of 81 cents a share – as video-streaming subscribers grew by 2.25 million to 35.7 million and international subscribers rose by 1.75 million members to 12.7 million. (8) The news sent the company’s shares up 6.8 percent to $372.20. (9) Expand your trading repertoire with this newly released Breakout Box Technique that allows you to trade almost any stock with clear entry and exit signals – learn it for free here. Comcast Corp’s Q1 earnings soared 30 percent to $1.87 billion or $0.71 a share, as a 29 percent jump in NBCUniversal’s revenue help to boost overall revenue 14 percent. Adjusted earnings of $0.68 a share topped forecasts of $0.64. (10) Procter & Gamble’s fiscal Q3 profit rose 2 percent to $2.61 billion or $0.90 a share, as organic sales increased 6 percent, beauty 2 percent, and sales from its grooming business edged up 1 percent. Adjusted earnings of $1.04 a share beat forecasts of $1.01. (11)

Global Currencies

Russia’s central bank unexpectedly raised its key interest rate from 7 percent to 7.5 percent, as tensions mount over Ukraine and the likelihood that inflation would surpass the 5 percent target at the end of the year rises. Analysts had called for the rate to remain unchanged. (12) The rising tensions over Ukraine had the U.S. dollar holding near a 1-week low of 102.085 yen on Friday. (13) China’s yuan declined for a sixth day on Friday – hitting a 16-month low of 6.2583 against the U.S. dollar – as analysts foresee growth in the world’s second-largest economy weakening further. (14) Trader reveals how he uses options to double his returns and make every Friday his payday – reserve your spot for this free tell-all event here. As expected, the Reserve Bank of New Zealand raised its rate from 2.75 percent to 3 percent, while signaling “that it would keep tightening monetary policy in the coming months as [it] tames inflation pressures.” (15)

Oil & Energies

According to Wednesday’s EIA report, the nation’s crude oil supplies rose by 3.5 million barrels to an Aug. 1982 high of 397.7 million barrels. The advance surpassed expectations, which called for an increase of 2.4 million barrels. Gasoline supplies fell by 274,000 barrels to 210 million barrels compared to forecasts for a draw of 1.4 million barrels. Distillates unexpected rose by 597,000 barrels to reach 112.5 million versus forecasts for a decline of 300,000 barrels. (16)

Natural gas storage rose by 49 billion cubic feet to 899 trillion cubic feet last week. Forecasts called for a build of 42 billion to 46 billion cubic feet. Supplies now stand 831 billion cubic feet lower year-on-year and 1.01 trillion cubic feet below the 5-year average. (17)

Grains & Field Crops

Egypt’s wheat crop is projected 500,000 tonnes lower at 9 million tonnes. However, the estimate still remains well above last year’s harvest of 7 million tonnes, as the world’s largest wheat importer tries to reduce its import bill by increasing domestic production. (18) Lower acreage due to winter damage also has the European Union’s 2014/15 soft wheat harvest projected 500,000 metric tons lower at 137.2 million tons, which is 2 million tons above 2013/14’s harvest. (19) Even with political tensions in Ukraine rising, grain exports are expected to reach a record 31.3 million metric tons this year, with corn exports to hit 19.5 million metric tons, wheat 9 million metric tons, and barely 2.2 million. (20) Although the USDA foresees domestic corn acreage falling nearly 4 percent year-on-year to a 2010 low of 91.691 million acres, analysts still expect this year’s crop to be in line with last year’s harvest at 13.9 billion bushels. (21)

Precious Metals

After dropping 2 percent this week to hit a 10-week low of $1,269 an ounce, prices rebounded 1.7 percent in just 12 minutes on Thursday as “news spread of Russian troops mobilizing near the Ukraine border.” (22) Despite reporting that Q1 earnings fell 21 percent, African Barrick Gold Plc’s shares climbed 7 percent on Thursday after announcing that Q1 gold production jumped 18 percent to 168,375 ounces – topping forecasts of 160,000 ounces. (23)

Other Commodities

With one of the worst droughts in decades damaging up to 35 percent of crops, Volcafe Ltd. cut its outlook for Brazil’s 2014 arabica harvest by 18 percent to 45.5 million 132-pound bags. Global supplies are expected to fall short of demand by 11 million bags. The news had prices jumping to a 26-month high of $2.157 a pound – bringing prices to stand 95 percent higher since the start of the year. (24) According to the USDA, domestic pork inventories dropped 11.2 percent year-on-year to 575.223 million pounds as of March 31. Pork belly inventories surged 54.9 percent to 79.721 million pounds, while ham stockpiles fell 5.2 percent to 89.6 million pounds. Beef inventories declined 20.8 percent to 404.754 million pounds. (25)

This post contains paid advertisements. It is for a product or service that is not offered, recommended or endorsed by BullBearWorld.com and neither the company nor its affiliates bear responsibility or control over the content of the advertisement and the product or service offered. Proceed at your own risk.


Disclaimer: Trading and investing involve a substantial degree of a risk of loss and are not suitable for everyone. Past performance is not indicative of future results. Fundamental factors, seasonal and weather trends, daily news, and other current events may have already been factored into the markets. Some trading strategies have unlimited risk. Educate yourself on the risks and rewards of such investing prior to trading. The publisher, and/or its affiliates, staff or anyone associated with Bearly News, do not guarantee profits or pre-determined loss points, and are not held monetarily responsible for the trading losses of others (subscribers or otherwise). Information provided is compiled by sources believed to be reliable. The publisher, and/or its principals, assume no responsibility for any errors or omissions as the information may not be complete or events may have been canceled or rescheduled. Any copy, reprint, broadcast or distribution of this report of any kind is prohibited without the expressed written consent of the publisher.

Bearly News for April 17, 2014

Top Stories

The World Trade Organization raised its 2014 world trade growth estimate from 4.5 percent to 4.7, which is more than double last year’s 2.2 percent advance. In 2015, trade growth is expected to finally reach its 20-year average of 5.3 percent, as world GDP expands 3.1 percent for the next 2 years. (1) Top trading school releases a new technique that allows traders to make money even in bear markets – get the free download here. Zebra Technologies announced that it would buy Motorola Solutions’ enterprise unit – which sells communication services to businesses – in a $3.45 billion all-cash deal. The acquisition will leave Motorola “with only its government-services unit and some leftover network technology” after selling its Mobility unit to Google in 2012. (2)

Economic Releases & Statistics

U.S. retail sales rose by the most since 2012 – advancing 1.1 percent in March versus forecasts for a gain of 0.8 percent – as an auto sales increase of 3.1 percent more than offset a 1.3 percent decline in gas station sales. (3) U.S. consumer prices rose by 0.2 percent in March, while core-prices also advanced 0.2 percent. Economists had expected both indexes to rise 0.1 percent. On a year-on-year basis, prices rose 1.5 percent, while core-prices increased 1.7 percent – beating forecasts of 1.4 percent and 1.6 percent, respectively. The better-than-expected results came as shelter costs rose 0.3 percent. (4) Germany’s ZEW investor confidence index fell for the fourth straight month – dropping from 46.6 to 43.2 in April – as the crisis in Ukraine weighs on investor morale. Economists had anticipated at smaller decline, with a reading of 45. (5) The number of people employed in the U.K. jumped 239,000 to a record 30.4 million during the first quarter, the number of those unemployed fell 77,000 to a 5-year low of 2.24 million – sending the unemployment rate down from 7.2 percent to a 5-year low of 6.9 percent. Economists had been looking for a slight decline to 7.1 percent. (6)

Stocks & Earnings

Citigroup’s Q1 unexpectedly profit rose 3.5 percent to $3.94 billion or $1.23 a share, after releasing $673 million in loan-loss reserves that had been set aside in recent years. On an adjusted basis, the bank earned $1.30 a share – exceeding forecasts of $1.14. (7) The news sent shares up almost 4 percent to $47.50 in pre-market trading. (8) During a free tell-all event, see how some traders are banking 6-figures a month with only one losing day – sign up here. Johnson & Johnson Q1 profit jumped 34 percent to $4.7 billion or $1.64 a share, as revenue rose from $17.5 billion to $18.1 billion year-on-year on a strong demand for new drugs. On an adjusted basis, earnings were $1.54 a share – topping forecasts of $1.48. (9) Wells Fargo’s Q1 income jumped 14 percent to a record $5.9 billion or $1.05 a share – beating Wall Street’s projection of $.96 a share – as the bank released $500 million in loan-loss reserves and received a tax benefit of $423 million. (10)

Global Currencies

Despite low inflation, the Bank of Canada held it key interest rate unchanged and in line with expectations at 1 percent this week, as they foresee increased U.S. demand and a lower currency benefiting exports. (11) The news sent the loonie to a 1-week low of C$1.1024 against the U.S. dollar. (12) Trader shows how any level of trader can turn 15 minutes a week into a solid weekly income during a free training event – reserve your spot here. Strong employment data out of the U.K. had the pound climbing towards a 4-year high of $1.6796 against the U.S. dollar this week. (13)

Oil & Energies

According to Wednesday’s EIA report, the nation’s crude oil supplies jumped 10 million barrels to 394.1 million barrels last week – marking the largest weekly advance since March 2001. Analysts were anticipating a much smaller build of 1.5 million barrels. Gasoline supplies fell by 200,000 million barrels to 210.3 million barrels compared to forecasts for a draw of 1.4 million barrels. Distillates declined more than expected – dropping 1.3 million barrels to 111.9 million barrels versus forecasts for a downturn of 100,000 barrels. (14)

Grains & Field Crops

With tensions rising throughout Ukraine and Russia and rain levels nearly 50 percent below average over the last 6 months, Agritel reduced its 2014 wheat crop estimate for both regions. Ukraine’s crop is now projected 1.6 million tonnes lower at 18.4 million, which is 16.5 percent below 2013’s crop, while Russia’s estimate was cut by 1.8 million tonnes to 48.1 million – bringing the crop to stand 7.8 percent lower year-on-year. (15) Ukraine’s 2014/15 corn harvest is also projected 18 percent lower at 23.3 million tonnes, as farmers cut planting area due to the political issues reducing their access to credit and sending the currency 34 percent lower for the year. (16) Ukraine’s 2013/14 corn harvest is estimated at a record 30.9 million tons, while Russia’s is projected at a record 11.64 million tons. (17)

Precious Metals

According to the World Gold Council, China’s annual demand for gold could climb 25 percent to 1,350 metric tons by 2017, as the growing population becomes wealthier and looks for new ways to make money. However, demand for the current year is expected to remain flat, as a 28 percent decline in prices last year boosted early sales. (18) India’s silver jewelry exports nearly doubled in Feb. – rising 45.33 percent to $84.1 million – as a shortage in gold as a raw material weighs on gold jewelry exports. Between April 2013 and Feb. 2014, silver jewelry exports soared 109 percent to $1.3 billion. (19)

Other Commodities

Coffee exports out of Uganda rose 11.9 percent year-on-year to 348,423 60-kg bags in March, as exporters clear out their stores in order to make way for supplies from the approaching season. March exports were valued at $38.9 million compared to a year-earlier $38 million. (20) U.S. beef prices rose to a 27-year high of $5.28 a pound, as drought conditions cause cattle ranchers to reduce their herd size and countries such as China and Japan boost imports on increased demand. Analysts expect prices to rise further, as demand continues to grow. (21)

This post contains paid advertisements. It is for a product or service that is not offered, recommended or endorsed by BullBearWorld.com and neither the company nor its affiliates bear responsibility or control over the content of the advertisement and the product or service offered. Proceed at your own risk.


Disclaimer: Trading and investing involve a substantial degree of a risk of loss and are not suitable for everyone. Past performance is not indicative of future results. Fundamental factors, seasonal and weather trends, daily news, and other current events may have already been factored into the markets. Some trading strategies have unlimited risk. Educate yourself on the risks and rewards of such investing prior to trading. The publisher, and/or its affiliates, staff or anyone associated with Bearly News, do not guarantee profits or pre-determined loss points, and are not held monetarily responsible for the trading losses of others (subscribers or otherwise). Information provided is compiled by sources believed to be reliable. The publisher, and/or its principals, assume no responsibility for any errors or omissions as the information may not be complete or events may have been canceled or rescheduled. Any copy, reprint, broadcast or distribution of this report of any kind is prohibited without the expressed written consent of the publisher.

Bearly News for April 11, 2014

Top Stories

The International Monetary Fund cut its global growth forecast for 2014 from 3.7 percent to 3.6 percent, as forecasts for Russia, Brazil, and South Africa were all downgraded. The expansion still exceeds last year’s 3 percent advance. (1) The organization also reduced its 2015 forecast from 4 percent to 3.9 percent. (2) During a live webinar, Open Trader’s Ziad Masri shares 7 unique trading techniques known to produce truly uncommon results – reserve your spot here.

On Thursday, a federal judge approved a $1.8 billion settlement resulting from a guilty plea on the part of hedge fund operator SAC Capital relating to charges of insider trading by its employees – ending a 7-year probe. (3) Mars Inc. announced that it would buy three of Procter & Gamble’s pet food brands in a $2.9 billion cash deal. As a result of the deal, P&G plans to restate its most recent quarterly earnings. (4)

Economic Releases & Statistics

U.S. consumer credit climbed by $16.5 billion in Feb. – exceeding forecasts of $14 billion – as non-revolving credit jumped $18.9 billion. Year-on-year, consumer credit is up 6.4 percent, while non-revolving credit is up 10.1 percent. Revolving credit is down 3.4 percent. (5) U.S. job openings rose by 299,000 in Feb. to a 6-year high of 4.17 million – beating forecasts of 4.02 million – as employers add more positions in order to keep up with an increase in consumer demand. (6) U.K. industrial production made its best advance in 8 months – rising 0.9 percent in Feb. versus forecasts for a gain of 0.3 percent – as manufacturing grew by a better-than-expected 1 percent compared to forecasts of 0.3 percent. On a full-year basis, production rose 2.7 percent, while manufacturing increased 3.8 percent – topping forecasts of 2.2 percent and 3.1 percent. (7) Australia’s unemployment rate unexpectedly fell from a decade-high of 6.1 percent, which had been upwardly revised from 6 percent, to 5.8 percent in March – marking its largest downturn since Aug. 2010. The decline surprised economists who had expected a rate of 6.1 percent. (8) Canada housing starts fell sharply in March – dropping 17.7 percent to a seasonally adjusted annualized rate of 156,823 units versus forecasts of 191,000 units. Although much of the downturn was attributed to harsh winter weather, economists believe the housing market is beginning to cool. Building permits also fell more than anticipated – dropping 11.6 percent compared to forecasts of 2.7 percent. (9)

Stocks & Earnings

Trading Advantage’s new Breakout Box Technique allows traders to go beyond buy and hold with stock trading – download it here for free. Depressed aluminum prices had Alcoa Inc reporting a Q1 net loss of $178 million or 16 cents a share – down from a year-earlier profit of $149 million or 13 cents a share. After accounting for $276 million in restructuring charges and other special items, Alcoa’s earnings of $98 million or 9 cents a share topped forecasts of 5 cents a share – sending shares up 2.4 percent to $12.83. (10) Constellation Brands Inc’s Q4 earnings nearly doubled from a year earlier – up from $82 million, or 43 cents a share, to $157 million, or 79 cents a share – as strong beer sales in the U.S. helped to push net sales up 86 percent to $1.29 billion. Excluding items, the company earned 81 cents a share – beating forecasts of 76 cents. (11) The news had shares climbing 4.3 percent to $85. (12) Rite Aid Corp’s Q4 earnings fell 55 percent to $55.4 million or 6 cents a share. However, on an adjusted basis, the company earned 10 cents a share – exceeding forecasts of 4 cents a share – as revenue rose 2.2 percent to $6.6 billion – beating forecasts of $6.54 billion. Shares were up more than 10 percent after the news. (13)

Global Currencies

Top trader Kirt Christensen explains how even a novice trader can generate a solid weekly income regardless of their account size – see how during this free tell-all event. An unexpected decline in Australia’s unemployment rate had the Aussie jumping to a nearly 5-month high of US94.40 cents, as speculation rose that the Reserve Bank of Australia could raise rates this year. (14) Confidence that the economic recovery will ward off the risk of deflation, had Sweden’s central bank keeping its interest rate unchanged and in line with forecasts at 0.75 percent. The bank foresees 2015’s Q1 rate at 0.73 percent – down from a previous forecast of 0.89 percent – and the start of 2016 at 1.95 percent. (15) As anticipated, the Bank of England held its interest rate unchanged at a record-low 0.5 percent this week, as inflation fell to a 4-year low of 1.7 percent. (16)

Oil & Energies

According to Wednesday’s EIA report, the nation’s crude oil supplies rose far more than anticipated last week – climbing 4 million barrels to a 4-month high of 384.1 million barrels compared to forecasts for a 750,000-barrel build. Supplies remain in the upper limit range for this time of year. Gasoline supplies fell by 5.2 million barrels last week – sharply surpassing forecasts for a decline of 1 million barrels. Distillates unexpectedly rose by 0.2 million barrels versus forecasts for no change. (17)

Although natural gas storage rose for the first time in 21 weeks, the advance fell short of expectations – rising just 4 billion cubic feet versus forecasts for a build of 14 billion cubic feet. Supplies now stand at 826 billion cubic feet, which is 849 billion cubic feet below year-ago levels and 997 billion cubic feet below the 5-year average. (18)

Grains & Field Crops

In its most recent WASDE release, the USDA cuts its domestic corn inventory projection from 1.456 billion bushels to 1.331 billion – exceeding forecasts for a decline to 1.404 billion bushels – as exports rise from 1.625 billion bushels to 1.75 billion. World output is projected higher at 973.9 million tons – up from a previous forecast of 967.52 million – as Brazil’s output rises 2 million tons to 72 million. Global inventories are projected lower at 158 million tons versus a March estimate of 158.47 million. Analysts had anticipated a larger decline at 157.72 million tons. (19) Domestic soybean reserves are projected 10 million bushels lower at 135 million bushels, compared to forecasts of 138.5 million, as exports soar 81 percent year-on-year to a record 65 million bushels. The news sent prices rising to a 10-month high of $15.12 a bushel. (20) Domestic wheat stockpiles are expected to stand 4.5 percent higher at 583 million bushels – beating forecasts of 578 million – as demand for livestock feed declines and rain aids crops. The news had prices falling for two-straight days to settle at $6.675 a bushel. (21) Russia’s 2014 grain crop is expected to remain flat year-on-year at no less than 90 million tons versus last year’s 90.4 million, as the percentage of winter grain sowings likely to be lost was reduced from 6 percent to 4.9 percent – more than compensating for a potential decline in spring grain acreage. (22)

Precious Metals

India’s gold imports surged to a 10-month high 50 tonnes in March – indicating that the Reserve Bank of India’s may begin to ease the curbs put on gold imports as elections near. (23) Rio Alto Mining Ltd increased gold production out of its La Arena mine by a better-than-expected 47 percent during Q1 – producing 53,463 ounces versus a year-earlier 36,355 ounces. Despite the strong results, the company held its full-year guidance at between 200,000 and 220,000 ounces. (24)

Other Commodities

The National Coffee Council reduced its forecast for Brazil’s 2014 coffee harvest from 44 million 60-kilogram bags to between 40.1 million and 43.3 million bags, after severe drought conditions damaged crops. Jan. and Feb. were the driest 2 months in 30 years. The CNC also cut its 2015 forecast from 43 million to 44 million bags to between 38.7 million and 43.6 million bags. (25) Dry weather is expected to have India’s coffee harvest falling from a year-earlier record of 318,200 metric tons to less than 300,000 tons – sending exports down 10 percent from last year’s 312,756 tons. (26) With the porcine epidemic diarrhea (PED) virus having now spread to 27 states in the U.S. – killing up to 6 million baby pigs in the last year – pork production is expected to fall 7 percent year-on-year – marking the largest decline in 30 years. (27) According to the Chicago Board of Trade, pork prices have climbed more than 45 percent this year. (28)

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Disclaimer: Trading and investing involve a substantial degree of a risk of loss and are not suitable for everyone. Past performance is not indicative of future results. Fundamental factors, seasonal and weather trends, daily news, and other current events may have already been factored into the markets. Some trading strategies have unlimited risk. Educate yourself on the risks and rewards of such investing prior to trading. The publisher, and/or its affiliates, staff or anyone associated with Bearly News, do not guarantee profits or pre-determined loss points, and are not held monetarily responsible for the trading losses of others (subscribers or otherwise). Information provided is compiled by sources believed to be reliable. The publisher, and/or its principals, assume no responsibility for any errors or omissions as the information may not be complete or events may have been canceled or rescheduled. Any copy, reprint, broadcast or distribution of this report of any kind is prohibited without the expressed written consent of the publisher.

Bearly News for April 4, 2014

Top Stories

The U.S. trade deficit unexpectedly widened 7.7 percent to a 5-month high of $42.3 billion in Feb, as exports fell 1.1 percent versus and import increase of 0.4 percent. Forecasts had called for a decline from the prior month’s deficit of $39.3 billion to $38.5 billion. (1) Click here to see how what happened June 4, 2010 gives even the smallest investors a way to make a solid weekly income. The S&P 500 closed at a record high of 1883 on Tuesday, after hitting an all-time record intraday high of 1884.64, following data that showed U.S. manufacturing finally began to rebound from brutal winter weather that had been weighing on the economy. (2) The Institute for Supply Management’s manufacturing index rose from 53.2 to 53.7 in March, as new orders rose to 55.1. (3)

Economic Releases & Statistics

The U.S. jobs market also showed signs of rebounding from the harsh winter weather that persisted throughout much of the country, with the private sector adding 191,000 jobs in March – marking its best advance in 3 months. The increase just missed forecasts, which called for a gain of 195,000. Feb.’s figure was upwardly revised to show the addition of 178,000 jobs versus a prior estimate of 139,000. (4) U.S. construction spending unexpectedly rose 0.1 percent to a seasonally adjusted annual rate of $945.7 billion in Feb., as a 1.2 percent advance in nonresidential projects outweighed a 0.8 percent decline in residential construction. Economists had called for spending to fall 0.1 percent. (5) U.K. manufacturing fell from a downwardly revised reading of 56.2 to an 8-month low of 55.3 in March – missing forecasts of 56.7 – as exports fell to a 10-month low of 52.8. (6) China’s HSBC manufacturing index fell from 48.5 to an 8-month low of 48.0 in March versus forecasts of 48.1. However, the broader government index rose slightly – up from 50.2 to 50.3 compared to forecasts for an unchanged reading – as export orders rose from 48.2 to 50.1. (7) A stronger than expected economic growth forecast had unemployment in Germany falling 12,000 to 2.901 million, which exceeded forecasts for a decline of 7,500. The unemployment rate unexpectedly held at 6.7 percent versus forecasts for a rise to 6.8 percent. (8)

Stocks & Earnings

Monsanto Co’s Q2 earnings rose 13 percent to $1.67 billion or $3.15 a share – topping forecasts of $3.07 a share – as sales of soybean seed and traits climbed 21 percent. Revenue increased 6.6 percent to $5.83 billion – beating forecasts of $5.8 billion. (9) The company reconfirmed its full-year guidance of between $5 and $5.20 a share. (10) 20-year trading veteran releases his new strategy that can be used to trade most any stock with clear entries and exits – download it here for free. Although Jos. A. Bank Clothiers’ Q4 adjusted earnings of $1.07 a share matched forecasts, the adjustments failed to include an expense of $0.07 a share “for legal and other professional services related to the company’s announced acquisition by Men’s Wearhouse.” On a full-year basis, net income fell from $79.7 million to $63.33 million, as sales fell from $1.049 billion to $1.032 billion. (11) BlackBerry reported a much smaller-than-expected Q4 loss of $42 million or 8 cents a share versus forecasts for a loss of 57 cents a share. However, revenue tumbled 64 percent year-on-year to $976 million. Initially the company’s shares jumped as much as 7.5 percent only to lose most of the advance by falling 7 percent to close at $8.41. (12)

Global Currencies

Adam G from Charlotte booked $100k in profits in a single month with only one losing day using the strategies taught in – this webinar. For the eighth straight month, the Reserve Bank of Australia left interest rate on hold at 2.5 percent and is not expected to raise “rates again until mid to late next year, when a hike may be in order to offset rising inflation and cool the hot housing market.” (13) Although the move was anticipated, the Australian dollar jumped to a 4-month high of more than 93 U.S. cents following the decision. (14) Even though the eurozone’s inflation rate dropped to its slowest pace in 4 years, the European Central Bank held interest rates unchanged and in line with forecasts at a record-low 0.25 percent. (15) The U.S. dollar fell from a 5-week high of $1.3696 against the euro on Friday, after U.S. employment data “failed to signal sustained economic growth, damping speculation the the Federal Reserve will raise borrowing costs anytime soon.” (16)

Oil & Energies

According to Wednesday’s EIA report, the nation’s crude oil supplies unexpectedly fell by 2.4 million barrels, or 0.6 percent, to 380.1 million barrels last week versus forecasts for a build of 1.1 million barrels. Supplies stand 2.2 percent lower year-on-year. Gasoline supplies fell 1.6 million barrels – as downturn of 0.7 percent that brought supplies to stand 2.3 percent lower year-on-year. Analysts had called for a 1.1 million barrel draw. Distillates unexpectedly rose by 0.6 million barrels compared to forecasts for a draw of 0.1 million barrels. Supplies are in line with year-ago levels. (17)

Natural gas storage fell by 74 billion cubic feet to 822 billion cubic feet last week. Forecasts called for a draw of between 73 billion and 77 billion cubic feet. Supplies now stand 878 billion cubic feet lower year-on-year and 992 billion cubic feet below the 5-year average. (18)

Grains & Field Crops

According to the USDA, domestic corn inventories rose 30 percent year-on-year to 7.01 billion bushels as of March 1 – below forecasts of 7.098 billion. From Dec. through Feb. usage was up from 2.63 billion bushels to 3.45 billion year-on-year. However, acreage devoted to corn is expected to fall 4 percent to a 4-year low of 91.691 million acres in the coming season – missing forecasts 93.014 million – as more area is devoted to soybean plantings. (19) Although domestic soybean inventories dropped 0.6 percent year-on-year to 992.3 million bushels as of March 1, due to record high demand out of China, acreage is expected to rise 6 percent in the coming season to a record-high 81.493 million acres. Analysts were looking for a smaller increase to 81.162 million acres. (20)

Precious Metals

The mass strike at Anglo American Platinum, Impala Platinum and Lonmin continued for the tenth straight week this week. The Association of Mineworkers & Construction Union continues to demand a 30 percent raise, with the basis that three platinum producers – who produce nearly 75 percent of the world’s platinum – could cover the pay increase by raising platinum prices. However, despite the ongoing disruption in production, the metal is cheaper today than it was when the strike began on Jan. 23. (21) On Wednesday, Osisko Mining Corp. agreed to sell a 50 percent stake in its mining and exploration assets to Yamana Gold Inc. in a deal valued at C$929.6 million, as it attempts to block Goldcorp Inc.’s C$2.77 billion ($2.53 billion) hostile takeover offer. (22)

Other Commodities

Despite recent forecasts for rain, drought conditions that continued to plague Brazil throughout recent months had arabica coffee futures finishing the quarter up 60 percent – marking the best quarterly advance since 1997. (23) Cocoa grinding capacity in Indonesia is projected to soar 85 percent by the end of the year to 600,000 tonnes, as firms such as Cargill, Barry Callebaut and JB Cocoa boost investments. Production, however, is expected to fall 2 percent to a 2002/03 seasonal low of 410,000 tonnes in 2013/14, as “farmers have struggled to contain increased crop diseases such as cocoa pod borer, as weather conditions become more extreme.” (24) Ivory Coast bean deliveries to ports have risen 8.2 percent year-on-year to 1.165 million metric tons as of March 30 – marking the highest period of arrivals since data began in 2004/05. (25)

This post contains paid advertisements. It is for a product or service that is not offered, recommended or endorsed by BullBearWorld.com and neither the company nor its affiliates bear responsibility or control over the content of the advertisement and the product or service offered. Proceed at your own risk.


Disclaimer: Trading and investing involve a substantial degree of a risk of loss and are not suitable for everyone. Past performance is not indicative of future results. Fundamental factors, seasonal and weather trends, daily news, and other current events may have already been factored into the markets. Some trading strategies have unlimited risk. Educate yourself on the risks and rewards of such investing prior to trading. The publisher, and/or its affiliates, staff or anyone associated with Bearly News, do not guarantee profits or pre-determined loss points, and are not held monetarily responsible for the trading losses of others (subscribers or otherwise). Information provided is compiled by sources believed to be reliable. The publisher, and/or its principals, assume no responsibility for any errors or omissions as the information may not be complete or events may have been canceled or rescheduled. Any copy, reprint, broadcast or distribution of this report of any kind is prohibited without the expressed written consent of the publisher.