Thursday, May 26, 2011

Futures Market Recap for 05.26.11

Economic Data


Real GDP - Q/Q change - SAAR
Prior 1.8 %
Est 2.1 %
Range 1.9 % to 2.6 %
Actual  1.8 %
GDP price index - Q/Q change - SAAR
1.9 %
1.9 %
1.9 % to 2.0 %
1.9 %


New Claims - Level
Prior 409 K
Rev 414 K
Est  404 K
Range 395 K to 420 K
Act 424 K
4-week Moving Average - Level
439.0 K
440.25 K


438.5 K


After-tax Profits - Y/Y change
Pror 11.4 %
Act 5.8 %

EIA Natural Gas Storage Data
Total (05/20/11): 2,024 Bcf (05/13/11): 1,919 Bcf Change: 105 Bcf 
Year ago stocks: 2,254 Bcf % diff to yr ago: -10.2 % 
5-year avg stocks: 2,050 Bcf % dif to 5-yr avg: -1.3 % 


Summary
Working gas in storage was 2,024 Bcf as of Friday, May 20, 2011, according to EIA estimates. This represents a net increase of 105 Bcf from the previous week. Stocks were 230 Bcf less than last year at this time and 26 Bcf below the 5-year average of 2,050 Bcf. In the East Region, stocks were 110 Bcf below the 5-year average following net injections of 56 Bcf. Stocks in the Producing Region were 133 Bcf above the 5-year average of 769 Bcf after a net injection of 38 Bcf. Stocks in the West Region were 49 Bcf below the 5-year average after a net addition of 11 Bcf. At 2,024 Bcf, total working gas is within the 5-year historical range.

Kansas City Fed Manufacturing Index
Prior 16 
Actual  
Market Activity
Grains+1.09%
Oats
+2.44%
Wheat
+2.26%
Canola
+1.47%
Soybean Oil
+1.28%
Soybean Meal
+0.56%
Soybeans
+0.56%
Corn
+0.44%

Global Food Production May Be Hurt as Climate Shifts, UN Forecaster Says


Indices+0.92%
Russell 2000 Mini
+1.67%
E-Mini Nasdaq 100
+0.06%
DJIA Mini-Sized
unch
E-Mini S&P 500
unch


Softs+0.45%
Lumber
+4.32%
Cocoa
+1.62%
Coffee
+0.53%
Sugar #11
+0.22%
Orange Juice
-0.78%
Cotton #2
-3.20%



Financials+0.42%

T-Bond
+0.72%

10-Year T-Note
+0.52%

5-Year T-Note
+0.33%

2-Year T-Note
+0.09%

Eurodollar
+0.01%

 Treasuries Rally on European Debt Turmoil, Slower U.S. Growth, Auction Bid

Currencies+0.42%
Australian Dollar
+1.13%
Japanese Yen
+0.84%
Swiss Franc
+0.76%
British Pound
+0.69%
Euro FX
+0.43%
Canadian Dollar
-0.14%
U.S. Dollar Index
-0.50%


Metals-0.10%
Palladium
+0.82%
High Grade Copper
+0.39%
Gold
-0.44%
Platinum
-0.45%
Silve


Energies-0.14%
Gasoline RBOB
+1.20%
Ethanol Futures
+0.38%
Heating Oil
-0.03%
Crude Oil WTI
-1.08%
Natural Gas
-1.09%


Price Charts of Note
AUD holds above 50d MA

Lumber Limit-up For 2nd Day


Weekly Lumber
Nat Gas finds Resistance at the 50d MA


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The contents of any third-party letters/reports above do not necessarily reflect the opinions or viewpoint of G. Scott Hinton. They are provided for informational/educational purposes only.All sites refered to or displayed on this blog are available to anyone free of charge. The content of any message or post by G. Scott Hinton anywhere on this site is not to be construed as constituting market or investment advice. Such is intended for educational purposes only. Individuals should always consult with their own advisors for specific investment advice. This information is not to be construed as an offer to sell or a solicitation or an offer to buy commodities herein named. The risk of trading futures and options can be substantial.