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| Falling Stockpiles Lead to Higher Prices on Natural Gas Posted: 17 Jan 2013 05:30 PM PST Natural gas retreated somewhat today after yesterday’s rally. The rally was caused by falling inventories and anticipation of cold weather. The US Energy Information Administration reported that stockpiles of natural gas decreased by 148 billion cubic feet to 3.168 trillion last week. The reserves were 147 billion cubic feet (4.4 percent) less than at the same period last year. That was the lowest level in 17 months. The commodity [...] |
| Trading Environment Unfavorable for Grains Posted: 17 Jan 2013 02:30 PM PST Corn fell today as US exports declined and usage for making of fuel went down. Soybeans and wheat also dropped. Exports of corn were 48 percent down last week from a year ago. Ethanol production fell to the record low, while inventories rose to the highest level in four weeks. Rainy weather in South America will likely boost harvest, leading to further decrease of demand for US grains. Increasing supply and falling [...] |
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