Monday, April 1, 2013

DailyMarkets.com - Bulls Get Early April Fools From USDA

DailyMarkets.com - Bulls Get Early April Fools From USDA


Bulls Get Early April Fools From USDA

Posted: 01 Apr 2013 07:18 AM PDT

Monday, April 1, 2013
Highlights from the USDA Quarterly Gain Stocks and Prospective Plantings Report:
Grain Stocks
Corn: As of Mar 1st: 5.40 billion bushels Estimate: 5.01 billion bushels
Wheat: As of Mar 1st: 1.23 billion bushels Estimate: 1.167 billion bushels
Soybeans: As of Mar 1st: 999 million bushels Estimate: 940 million bushels
Planted Acreage Forecast
Corn: Acres: 97.3 million Estimate: 97.3 million acres
Wheat: Acres: 56.4 million Estimate: 56.4 million acres
Soybeans: Acres: 77.1 … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Crude Oil May Rise As Gold Declines If ISM Data Outperforms

Posted: 01 Apr 2013 04:08 AM PDT

Crude oil prices may find support as gold comes under pressure if the March US ISM Manufacturing report yields a better than expected outcome.
Talking Points

Oil, Copper and Silver Decline as Asian Economic Data Weighs on Risk Appetite
Gold May Come Under Pressure if ISM Manufacturing Data Surprises to the Upside

Sentiment-sensitive crude oil and copper prices are under pressure in early European trade as risk aversion carries over from Asian hours following disappointing Chinese and Japanese … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

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