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.

Bearly News for March 28, 2014

Top Stories

Candy Crush maker, King Digital Entertainment Plc, tanked during its market debut on Wednesday – dropping more than 15 percent to close at $19.00. According to Dealogic, the decline “was the biggest first-day fall for any company raising more than $500 million since its records began in 1995. (1) Trading Advantage’s new Breakout Box Technique allows you to make money even in bear markets using almost any stock you want to trade – get access to this limited release here. In order to settle charges that it misled U.S. mortgage lenders Fannie Mae and Freddie Mac back before the housing crisis, Bank of America agreed to pay $6.3 billion in cash and buy back more than $3 billion in mortgage securities this week. (2)

Economic Releases & Statistics

U.S. consumer confidence rose from 78.3 to a 6-year high of 82.3 March – beating forecasts of 78.5 – as consumers became more optimistic in regards to job prospects and the overall state of the economy. (3) The Markit Flash Purchasing Managers’ Index of U.S. manufacturing fell from a 4-year high of 57.1 to 55.5 in March, as new orders fell from 59.6 to 58.0 and output dropped from 57.8 to 57.5. Economists were looking for a smaller decline to 56.5. (4) During a live webinar, trader shares his game changing technique that allows anyone to make every Friday their payday regardless of market conditions – reserve your spot here. U.S. durable goods orders climbed 2.2 percent in Feb. – exceeding forecasts for a gain of 1 percent – as airplane orders jumped 13.6 percent and auto bookings rose 3.6 percent. (5) China’s PMI fell from 48.5 to an 8-month low of 48.1 in March – missing forecasts of 48.7 – as the manufacturing output sub-index fell to an 18-month low of 47.3. (6) Concerns over the potential economic impact of the crisis in Crimea had Germany’s Ifo business confidence index falling from 111.3 points to 110.7 points in March. Economists had projected a reading of 111.0 points. (7)

Stocks & Earnings

Walgreens’ Q2 profit fell from $756 million, or 79 cents a share, to $754 million, or 78 cents a share, year-on-year. On an adjusted basis, earnings came in at 91 cents a share – missing forecasts of 93 cents – as fewer generic drugs were introduced and harsh winter weather kept consumers home. (8) See how OptionVue’s ultimate option analytics software can help you build up your trading account far beyond what you could have imagined was possible – try it free for 14 days here. Although Carnival Corp’s Q1 earnings broke even on a per-share basis – beating forecasts for a loss of 8 cents – the company’s full-year guidance fell short of expectations. The cruise operator expects to earn between $1.50 and $1.70 a share – missing analysts’ $1.72 projection – as they increase advertising expenses in the hopes of attracting customers. The news had the company’s shares falling 6 percent. (9) Hennes & Mauritz’s Q1 profit rose 8 percent to $3.5 billion SEK – missing forecasts of $3.8 billion – as the clothing retailer boosted spending on IT and an online expansion in an attempt to grow internet sales. (10) The news sent the company’s shares down 4.9 percent. (11)

Global Currencies

The euro dropped to an almost 1-year low against the “New Zealand dollar, which hit a 2-1/2 year high of $0.8680” on Thursday, after New Zealand’s trade surplus hit its highest level on record for the month of Feb. (12) The euro fell to a 1-month low of $1.3705, while declining against 11 of its 16 major peers on Friday, after data showed that German inflation slowed this month – adding to speculation that the European Central Bank will increase stimulus when they meet next week. (13) Speculation that China will take further stimulus actions in order to combat a weakening economy had Asian currencies claiming this week, with both the “won and ringgit set for their biggest gains in more than 5 months.” (14) India’s rupee made its best quarterly gain since 2012 – climbing 3.2 percent to 59.89 per dollar – as strong economic data further boosted optimism that the nation’s economy recovery could be accelerating. (15)

Oil & Energies

According to Wednesday’s EIA report, the nation’s crude oil supplies increased by 6.6 million barrels to 382.5 million barrels last week – far exceeding expectations for a build of just 2.8 million barrels. Gasoline supplies fell more than anticipated last week – dropping 5.1 million barrels versus forecasts for a draw of 1.2 million barrels. Distillates unexpectedly rose by 1.6 million barrels compared to forecasts for a downturn of 1.4 million barrels. (16)

Natural gas storage fell by 57 billion cubic feet to a 2003 low of 896 billion cubic feet last week. Forecasts called for a decline of 52 billion cubic feet. Supplies now stand 50.1 percent lower year-on-year and 50.8 percent below the 5-year average. (17)

Grains & Field Crops

U.S. wheat stockpiles fell to a 2009 low of 1.05 million bushels as of March 1, while corn inventories rose 31 percent year-on-year to 7.098 billion bushels. (18) Soybean prices rose this week, as U.S. exports rose 45 percent year-on-year to total 732,132 metric tons last week and analysts foresee domestic stockpiles falling to a 10-year low of 987 million bushels as of March 1. (19) Argentina’s 2014 soybean crop is expected to rise from a year-earlier 48.3 million metric tons to a record 54.7 million – exceeding the previous record of 52.7 million that had been collected in 2010. Despite the production increase, sales are estimated to fall to 20.75 million metric tons for March through May – down from 22.19 metric tons sold during the same time frame a year earlier – as farmers stockpile more of the crop. (20)

Precious Metals

China’s net imports of gold rose 30 percent month-on-month, while climbing 79.3 percent year-on-year, to 109.2 tonnes in Feb. – with “much of the imported bullion being used as collateral for loans, mostly short-term facilities and trade credit, amid a worsening credit crunch inside the country.” (21) In an attempt to stabilize the exchange rate of the Iraqi Dinar against foreign currencies, the Central Bank of Iraq bought some 36 tonnes of gold this month – marking the largest acquisition by a single nation in 3 years. (22)

Other Commodities

According to USDA data, U.S. cattle placement in feedlots rose from a year-earlier 1.438 million head of cattle to 1.65 million in Feb. The 14.7 percent advance exceeded forecasts, which called for an increase of 9.2 percent. Feedlot inventories fell 0.5 percent year-on-year to total 10.79 million head of cattle – less than the 1.2 percent decline foretold by analysts – while sales to meatpackers fell 3.4 percent to 1.55 million animals versus forecasts for a downturn of 2.9 percent. (23) So far this year, domestic wholesale beef prices have advanced 20 percent this year, while pork prices have rallied 56 percent this year. The USDA is projecting a 3 to 4 percent price increase for retail beef and pork this year. (24) Coffee’s 60-day historical volatility reached an Oct. 2000 high of 55.93 this week, as one of the worst droughts in decades leaves analysts questioning how extensively Brazil’s coffee crop has been damaged. Currently, crop forecasts range from as low as 46 million bags to as much as 56.5 million. (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 March 21, 2014

Top Stories

Under pressure from regulators, J.P. Morgan announced that they will sell their physical commodities business for $3.5 billion to Mercuria Energy Group. Regulators were concerned “that banks could control prices if they own commodities as well as trade them, or suffer catastrophic losses that would endanger the financial system.” J.P. Morgan had already paid out $410 million in July in order to resolve claims that it influenced power markets. (1) OptionVue’s options analysis and trading software assists any level of options trader by modeling future profit and loss of the trade before you execute on it – try it here in this free 14-day trial. The U.S. account deficit fell from $96.4 billion to a 14-year low of $81.1 billion in Q4, as exports rose 1.9 percent to a record-high $405.4 billion and overseas investment income climbed 4.3 percent to $206.1 billion. (2)

Economic Releases & Statistics

U.S. industrial production rose at its fastest pace in 6 months – climbing 0.6 percent in Feb. versus forecasts for a gain of 0.2 percent – as a 0.8 percent advance in manufacturing output and a 0.3 percent gain in mining output more than offset a 0.2 percent decline in utilities output. (3) Although food prices climbed 0.4 percent in Feb., U.S. consumer prices edged up just 0.1 percent for the month – bringing the year-on-year increase to 1.1 percent. Core CPI was also up 0.1 percent – bringing the full-year advance to 1.6 percent. The report was in line with expectations. (4) U.S. housing starts declined for the third straight month – dropping 0.2 percent in Feb. to a seasonally adjusted annual rate of 907,000 units versus forecasts of 910,000 units – suggesting that there might be “underlying weakness in housing activity apart from the drag of cold weather.” (5) A decline in fuel, heating oil, and telecom prices had the Eurozone’s annual inflation rate falling to a 4-year low of 0.7 percent in Feb. – surprising economists who had called for an unchanged reading of 0.8 percent. (6) Despite remaining above its historical average, the ZEW institute’s German investor confidence index fell more than expected in March – down from a previous reading of 55.7 to 46.6 compared to forecasts for a smaller decline to 52 – as the crisis in Ukraine weighs on Germany’s economic outlook. (7)

Stocks & Earnings

A strong demand for solar panels had JA Solar Holdings’ Q4 earnings climbing to 142.3 million yuan ($23.5 million) or 0.38 yuan a share – rebounding from a year-earlier loss of 582 million yuan or 3.01 yuan – as sales climbed 30 percent to 2.16 billion yuan. (8) For the first time, top U.S. trading school releases their Breakout Box Technique absolutely free – get it here. FedEx’s Q3 profit of $378 million or $1.23 a share missed market expectations of $1.45 a share, as severe winter weather cut into the package delivery company’s profits by about $125 million. (9) As a result, the company reduced its full-year guidance from $6.97 a share to between $6.55 and $6.80 a share. (10) Despite reporting that revenue from new software sales and Internet-based software subscriptions rose nearly 4 percent, Oracle Corp’s Q3 earnings of 68 cents a share fell short of analysts’ projection 70 cents, as unforeseen exchange-rate changes in Venezuela cost the company 2 cents a share. The news sent the company’s shares down 3.6 percent – “shedding the equivalent of more than $6 billion in stock-market value.” (11)

Global Currencies

The yuan fell to a nearly 1-year low of 6.20 per dollar on Wednesday. The decline came after “the People’s Bank of China cut the reference rate 0.02 percent to 6.1351 against the greenback” on concerns that rising financial risks will weaken economic growth. (12) Trader reveals how he turns 15 minutes a week into a weekly paycheck – see his technique here. The Swiss Central Bank held its interest rate at 0 to 0.25 percent, while vowing to continue to enforce the 1.20 per euro cap with unlimited monetary intervention if necessary. The unchanged rate was in line with market expectations. (13) The U.S. dollar advance against most of its major peers this week, with the dollar index rising to a 3-week high of 80.304, as the Fed Reserve announced that a rate hike could come as early as next year. (14)

Oil & Energies

According to Wednesday’s EIA report, the nation’s crude oil supplies rose by 5.9 million barrels to 375.9 million barrels last week – more than doubling expectations for a build of 2.6 million barrels. Gasoline supplies dropped 1.5 million barrels to reach 222.3 million barrels compared to forecasts for a 1.6 million barrel draw. Distillates declined more than expected – declining 3.1 million barrels to a May 2008 low of 110.8 million barrels versus forecasts for a draw of 900,000 barrels. (15)

Natural gas storage fell less than anticipated last week – dropping 48 billion cubic feet to 10-year low of 953 billion cubic feet versus forecasts for a draw of 58 billion cubic feet. Supplies are 49.4 percent lower year-on-year and 47.9 percent below the 5-year average. (16)

Grains & Field Crops

The crisis in Ukraine could result in the loss of about 11 million tonnes of grain this year, with the region’s sowing area reduced by as much as 20 percent due to a lack of financing in relation to the difficult economic and political situation. (17) Dry weather and cold temperatures throughout U.S. wheat producing regions pushed prices higher this week, as the USDA reported that 34 percent of Kansas’ wheat crop was rated in good to excellent condition, down from a week-earlier 37 percent, while just 18 percent of Oklahoma’s wheat crop was rated in good to excellent condition, down from a previous 22 percent. (18) Soybean prices climbed to a one-week high of $14.42 a bushel this week after data showed that demand for U.S. processors was 3.9 percent higher in Feb. than a year earlier and that exports had already surpassed the USDA’s full-year estimate. Domestic reserves will now stand at 145 million bushels by the end of Aug. versus a previous forecast of 150 million bushels. (19)

Precious Metals

Gold fell sharply this week – dropping to a 3-week low of $1,321.30 an ounce – after the Fed Reserve raised its forecast for a rate increases from 0.75 percent to 1 percent by the end of 2015 and from 1.75 percent to 2.25 percent by the end of 2016. (20) U.S. gold mine production fell 3 percent last year – down from a year-earlier 235,000 kilograms (7,555,425 troy ounces) to 231,000 kg (7,426,822 troy ounces) – totaling an estimated value of $10.2 billion. However, global production rose 3 percent – up from 2,690 metric tons to 2,770 metric tons – as declines in the U.S., Peru, Tanzania, and South Africa were more than offset by production advances in Brazil, Canada, China, the Dominican Republic, and Russia. (21)

Other Commodities

Vietnam coffee reserves reached a record-high 850,000 metric tons last week, as growers curb sales due to concerns that drought conditions will cut into next year’s harvest. To date, growers have sold just 50 percent of a record 1.7 million-ton harvest versus an average of 60 percent over the last 5 years. (22) As of March 15, India’s sugar production had fallen 8.5 percent year-on-year to 19.38 million tonnes, as output in key producing states continues to decline. As a result, the Indian Sugar Mills Association cut its full-year forecast 5 percent to 23.8 million tonnes – down from a year-earlier 25.1 million tonnes. (23)

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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 March 14, 2014

Top Stories

Sbarro filed for Chapter 11 bankruptcy reorganization for the second time in 3 years, as traffic at shopping mall food courts declines. The restaurant listed assets at $175.4 million and liabilities at $165.2 million. Under the plan, the company plans to eliminate $140 million in debt. (1) During a free 14-day trial, see how OptionVue’s option analytics software can help you take your trading to the next level, while cutting your trading time in half – click here to try it today. A 5-month long merger between Men’s Wearhouse and Jos. A. Bank was finally settled this week after Men’s Wearhouse upped their offer to $65 a share – a 5.1 percent premium over current value – in a deal totaling $1.8 billion deal. (2)

Economic Releases & Statistics

U.S mortgage applications fell last week – dropping 2.1 percent to 373.3 – as interest rate advanced. (3) U.S. retail sales rebounded from a 0.6 percent decline in Jan. to increase 0.3 percent in Feb. – exceeding forecasts for a 0.2 percent advance – as harsh winter weather eased. (4) China’s exports unexpectedly dropped 18.1 percent in Feb. compared to forecasts for a 7.5 percent advance. Imports increase 10.1 percent – resulting in the largest deficit of 2 years at $23 billion. Analysts had anticipated a smaller 7.6 percent increase in imports. (5) Japan’s Q4 gross domestic product was downwardly revised from 0.3 percent advance to 0.2 percent, as capital spending and private consumption slowed. On a year-on-year basis, GDP now stands at 1.5 percent compared to a preliminary reading of 1.6 percent. (6) Factory output in the U.K. rose 0.4 percent in Jan. versus forecasts of 0.3 percent. However, industrial output fall from a previous gain of 0.5 percent to rise just 0.1 percent for the month – missing forecasts of 0.2 percent – as cold weather slowed production among several companies. (7)

Stocks & Earnings

In an exclusive release, Trading Advantage shares one of their coveted trading techniques absolutely free – see it here. American Eagle Outfitters Q4 earnings fell 89 percent to $10.5 million or 5 cents a share – missing forecasts of 26 cents – as steep discounts in order to get consumers in hurt profit margins. Revenue was down 7 percent at $1 billion. (8) The news had the company’s shares falling 8.5 percent to $13.00. (9) Deep discounts also had Express Inc reporting a Q4 profit that fell short of forecasts. Net income fell from $63.94 million, or 75 cents a share, to $47.93 million, or 57 cents a share – missing Wall Street’s 59 cent projection. The apparel retailer gave a Q1 guidance of 12 cents to 18 cents a share versus forecasts of 41 cents a share. The news sent the company’s shares down 17 percent. (10) King Digital Entertainment Plc expects to be worth up to $7.6 billion when it goes public this month. The maker of popular smartphones games – including “Candy Crush Saga” and “Pet Rescue Saga” – said they would sell 22.2 million shares for between $21 and $24 apiece. (11)

Global Currencies

The Reserve Bank of New Zealand raised its key interest rate for the first time in 4 years – raising it from a record-low 2.5 percent to 2.75 – in an attempt to “tame rising house prices and keep a lid on inflation.” (12) Although the increase was expected, the move had the kiwi climbing to record highs against many of its major peers as well as jumping to its highest level on a trade-weighted basis since the currency was floated in 1985. (13) Trader explains how what happened June 4, 2010 can give even the smallest investor a way to make a solid weekly income in less than 15 minutes a week – find out how here. Strong employment data out of Australia had the nation’s currency advancing against all of its 16 major peers on Thursday. The Aussie climbed 0.7 percent against the U.S. dollar to 90.49 cents, 0.6 percent to 92.87 yen, and 0.3 percent to NZ$1.0571. (14)

Oil & Energies

According to Wednesday’s EIA report, the nation’s crude oil supplies rose by 6.2 million barrels last week to hit a mid-Dec. high of 370.0 million barrels. Forecasts called for a much smaller build of 2 million barrels. Supplies are in the upper half of the average range for this time of year. Gasoline supplies fell more than anticipated – declining 5.2 million barrels to 223.8 million barrels compared to forecasts for a 2 million barrel draw. Distillates fell by 0.5 million barrels to 113.9 million barrels – matching forecasts. (15)

Natural gas storage fell in line with expectations last week – dropping 195 billion cubic feet to 1.011 trillion cubic feet. Supplies now stand 958 billion cubic feet below year ago levels and 858 billion cubic feet below the 5-year average. (16)

Grains & Field Crops

In its most recent WASDE release, the USDA lowered its domestic soybean stockpile estimate from 150 million bushels to 145 million on a strong demand in exports. Although analysts were projecting a larger reduction at 141 million bushels, prices fell the most since Jan. – dropping 2.6 percent to $14.19 1/4 a bushel. (17) An increase in production out of China had the agency raising its 2013/14 world corn stockpile estimate from 157.3 million metric tons to 158.47 million. Forecasts had anticipated a 156.49 million ton projection. (18) The forecast for global wheat production was increased from 711.9 million metric tons to 712.7 million, as production out of Australia and India was raised. Stockpiles are now projected slightly higher at 183.8 million tons versus a previous estimate of 183.7 million tones. (19)

Precious Metals

Platinum ETF holdings surged to a record-high 2.215 million ounces this week, as NewPlat ETF reported an inflow of nearly 4,000 ounces – bringing holdings to a 7-week high of 908,811 ounces – and “London-based ETFS Physical Platinum reported an inflow of 4,505 ounces, taking its holdings to just under 325,000 ounces.” The inflows came as the strike in South Africa continues with no immediate end in sight and prices reached a 6-month high. (20) On Monday, gold retailers and Jewelers across India held a strike – demanding that the 10 percent customs duty on gold be reduced to 2 percent as well as a “revision of the 20:80 import scheme for exporters and the relaxation of `Know Your Customer’ norms, which had severely brought down sales at retailers.” (21)

Other Commodities

The USDA lowered its 2014 red meat and poultry production forecast, as “higher beef production is more than offset by lower pork, broiler, and turkey production.” Beef production is projected higher, as “relatively large cattle placements in the first quarter are expected to result in higher slaughter in 2014.” (22) The agency also increased its MY 2013/14 (October – September) forecast for rice production in India by 2 percent to 105 million tons, as positive weather conditions helps to boost yields. (23) Continued dry without throughout Brazil has analysts cutting their 2014/15 arabica production forecasts by 10 percent to 48.9 million (60-kg) bags. 2015/16 is expected to be impacted as well – raising concerns that a global deficit could take place over the next 2 seasons and sending prices up nearly 80 percent so far this year. (24)

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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 March 7, 2014

Top Stories

A jump in stock and home prices pushed U.S. household wealth up 3.8 percent to a record $80.66 trillion in the final quarter of the year. The full-year advance was 14 percent, as stock values jumped $5.6 trillion and real estate values rose $2.3 trillion. (1) Test drive world class options analysis software without spending a penny – grab it here. Canada’s trade deficit dropped sharply in Jan. – down from C$922 million to C$177 million ($161 million) versus forecasts of C$1.2 billion – as imports fell 1.6 percent from a record-high of C$41.5 billion to C$40.8 billion and exports advanced 0.2 percent on higher energy costs. (2)

Economic Releases & Statistics

The U.S. added just 139,000 new jobs in Feb. – missing forecasts for a gain of 155,000 – as severe winter weather delayed hiring. (3) The Institute for Supply Management’s purchasing managers’ index rose from an 8-month low of 51.3 to a reading of 53.2 in Feb. – exceeding forecasts of 52.5. However, businesses said the pickup in manufacturing would have been better had it not been for harsh weather conditions. (4) The weather similarly affected the Institute for Supply Management’s nonmanufacturing index, which fell from a previous reading of 54 to a 4-year low of 51.6 in Feb. – missing forecasts of 53.5. (5) Consumer spending managed to make a better-than-expected advance in Jan. – rising 0.4 percent versus forecasts for a gain of 0.1 percent – as Americans boosted spending on health care. (6)

China’s HSBC manufacturing index fell from a reading of 49.5 to 48.5 in Feb., as both new orders and output contracted for the first time since July 2013. The decline matched expectations. (7) Manufacturing in the eurozone rose at a faster-than-expected pace in Feb. – rising from 52.9 to June 2011 high of 53.3 versus an initial estimate of 52.7. (8) Eurozone retail sales rebounded from a 1.3 percent decline in Dec. to jump 1.6 percent in Jan. – marking its best advance since late 2001 and easing concerns over the region’s economic outlook. Economists had forecasted gain of just 0.8 percent. (9) An increase in mining exports had Australia’s gross domestic product rising by a better-than-expected 0.8 percent during the final quarter of 2013 – bringing full-year growth to 2.8 percent. Economists had called for a quarterly-gain of 0.7 percent and a full-year advance of 2.5 percent. (10)

Stocks & Earnings

A 30 percent jump in handgun sales had Smith & Wesson’s Q3 earnings of 36 cents a share topping forecasts of 29 cents a share. The gun maker also raised its full-year guidance to between $1.39 and $1.42 a share versus forecasts of $1.33 a share. (11) The news sent the company’s shares up more than 16 percent. (12) Trade most any stock with clear entries and exits with the help of a technique used by a pro trader – get it here free. AutoZone’s Q2 earnings rose 9.4 percent to $192.8 million or $5.63 a share – exceeding forecasts of $5.55 – as revenue rose by a better-than-expected 7.3 percent to $1.99 billion compared to forecasts of $1.97 billion. (13) In a preliminary release, Jefferies Group LLC reported that Q1 earnings rose 23 percent to $105 million, as investment-banking revenue climbed 42 percent to $410 million. (14) Radio Shack reported a Q4 net loss of $191 million after revenue plunged 20 percent to $935 million and sales dropped 19 percent. The electronics retailer now plans to close some 1,100 stores. The news sent the company’s shares down more than 13 percent. (15)

Global Currencies

Get the real facts on trading weekly options by a pro making consistent weekly income from it – tap here. The Bank of Russia unexpectedly raised its rate from 5.5 percent to 7 percent. The decision came as the rouble fell to an all-time low against the U.S. dollar and local stocks plunged after President Vladimir Putin affirmed the right to invade Ukraine. (16) As expected, the Bank of England held its key interest rate at a record-low 0.5 percent. Economists don’t foresee a rate increase until 2015. (17) An increase in economic output, as well as a slight increase in inflation, had the European Central Bank keeping its interest rate unchanged at a record-low 0.25 percent – matching forecasts. (18) As building approvals advance for the first time since Sept., the Reserve Bank of Australia decides to also holding its interest rate unchanged for the month at 2.5 percent. (19)

Oil & Energies

According to Wednesday’s EIA report, the nation’s crude oil supplies increased by 1.4 million barrels to 363.8 million barrels, which was slightly less than the 1.5 million barrel build projected by analysts. Supplies remain in the middle range of the 5-year average for this time of year. Gasoline supplies dropped 1.6 million barrels versus forecasts for a 1.5 million barrel draw. Supplies remain in the upper half of the 5-year average range. Distillates made an unexpected advance – rising 1.4 million barrels compared to forecasts for a 1.5 million barrel decline. Inventories remain below the lower limit of the average range. (20)

Natural gas storage fell by 152 billion cubic feet to a 2004 low of 1.1968 trillion cubic feet last week – exceed forecasts for a draw of 138 billion cubic feet. The drop surpassed a year-earlier decline of 149 billion cubic feet as well as the 5-year average of 105 billion. (21)

Grains & Field Crops

Corn prices fell from a 6-month high of $4.88 a bushel this week following speculation that corn exports in Ukraine – projected at some 18.5 million tons this year – won’t be affected by Russia’s military intervention. (22) Dry El Nino weather conditions across Australia’s east coast during the 2014/15 season will have wheat production falling 8.2 percent year-on-year to 24.795 million tonnes. (13) The European Union’s wheat harvest is expected to rise to 144.5 million tonnes this year – the third largest on record – as barley sowings were cut to make more room for wheat. The advance is in line with estimates, which call for a harvest of between 143.0 million and 145.1 million tonnes. (24) Soybean harvests for both Argentina and Brazil were cut by analysts this week on poor growing conditions. Brazil’s harvest is now projected at 87 million tonnes – down from the USDA’s initial forecast of 90 million tonnes – while Argentine’s soybean production is projected at 53.5 million tonnes. (25)

Precious Metals

A renewed interest will have the U.S. Mint bringing back its one-ounce American Eagle platinum bullion coins after a 4-year hiatus from the market. The coins will be available March 10 and come at a 4 percent premium over the spot price. So far this year, platinum prices have risen 8 percent. (26) Talks between Anglo American Platinum, Lonmin, Impala Platinum, and the Association of Mineworkers and Construction Union were halted this week, as “the mediators have deemed respective parties’ current position to be too far apart to warrant further mediation at this stage.” The 3 platinum mines hold with their offer to increase wages 7 to 9 percent over the next 3 years, while the union remains firm in requesting R12500 by 2018 – a 29 percent increase. (27)

Other Commodities

Arabica prices soared 44 percent in Feb. – marking its best monthly advance in 19 years – as southeast Brazil experiences its driest summer in 42 years. Forecasts call for Brazil’s harvest to fall 10 percent this year, with the global harvest expected to fall short of demand by 6.5 million bags next season. (28) Australia’s beef exports are projected to rise to 1.15 million tonnes this year, as drought conditions cause farmers to slaughter a record number of cattle – causing the national herd to drop to a 2009/10 seasonal low of 27.1 million head. (29)

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.