Recap for 05.16.11

Economic Data

Empire State Mfg Survey

General Business Conditions Index – Level

Prev 21.7

Est 20.0

Range 15.0  to 22.5

Act 11.88

http://www.reuters.com/article/2011/05/16/us-usa-economy-idUSTRE7492P720110516

Treasury International Capital

Foreign Demand for Long-Term U.S. Securities

Prev $26.9 B

Act $24.0 B

http://preview.bloomberg.com/news/2011-05-16/global-demand-for-u-s-assets-fell-in-march.html

Market Activity

Softs+0.87%

CT+4.13%  SB+1.49%     LB+1.39% CC+0.13%      OJ-0.36% KC-1.97%

Dryness in Texas and flooding of the Mississippi give cotton a double whammy

Grains+0.64%

C+2.27% W+1.20% O+1.02% RR+0.86% RS+0.32% SM+0.09% S-0.23% BO-0.41%

http://usda.mannlib.cornell.edu/usda/current/WHS/WHS-05-13-2011.pdf

http://usda.mannlib.cornell.edu/usda/current/CropProg/CropProg-05-16-2011.pdf

Financials+0.26%

ZB+0.43% ZN+0.22%  ZF+0.18% ZT+0.02% ED unch

Currencies+0.10%

SF +1.00% EC+0.49% BP+0.20% JY+0.12% AD+0.09% MP-0.12% USD-0.34% CD-0.62%

http://preview.bloomberg.com/news/2011-05-16/euro-advances-versus-yen-before-finance-ministers-meet-on-greece-portugal.html

Metals-0.69%     

PA+0.84% HG-0.18% GC-0.23% PL-0.46% SI-4.08%        

 

Indices-0.95%    

YM-0.37% ES-0.64% EW-0.88% NQ-1.50% RJ-1.60%       

Energies-1.46%

NG+1.55% ZK+1.52% CL-2.63% HO-2.68% RB-4.88% 

http://preview.bloomberg.com/news/2011-05-15/crude-oil-declines-in-new-york-ahmadinejad-takes-over-iran-s-oil-ministry.html