CRB Index The CRB index surged to fresh yearly highs on the rise in world energy values. The US energy market is tightening on a seasonal basis as world demand outstrips supply. Spot US crude oil futures rallied to $91/barrel, the highest since November 2022. The next upside target is the Q4 2022 high at…
CRB Index The CRB index settled the week higher on a rise in energy values. The US energy market is tightening on a seasonal basis as world demand outstrips supply, and the Biden Administration has halted tapping the US Strategic Petroleum Reserve (SPR) to pressure energy prices. Rising energy prices produce another cost on consumers.…
CRB Index The CRB index settled the week higher on a rise in energy values as tightening US supplies raised supply concern heading into winter. The US energy market is tightening on a seasonal basis and the US Biden Administration cannot continue to tap the Strategic Petroleum Reserve (SPR) with stocks at their lowest levels…
CRB The CRB index settled last week higher as energy prices stabilized while soy futures rallied on the return of excessive Central US heat and dry weather. The Central US drought is returning with vigor which will have a significant impact on US corn/soybean/sorghum crop forecasts. Saturday’s weather forecast extends the hot/dry Central US weather…
CRB Index The CRB index settled last week slightly lower amid a retreat in energy values due to the fear of future Chinese economic slowing. Chinese and Indian demand for world crude eased which caused energy prices to weaken. However, limited crude supplies/stocks underpinned futures heading into the weekend. The US dollar has stabilized over…
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