Market Report for 04.29.11

CFTC COT Reports

Financial Futures COT Report (F + O)

 Commodity Futures COT Report (F + O)

Economic Data

Personal Income and Outlays

Personal Income - M/M change	Prev 0.3 %	Rev 0.4 %	Est 0.4 %	Range 0.2 % to 0.5 %	Act 0.5 %
Personal Income - Yr/Yr change	5.1 %	5.2 %			5.3 %
Consumer Spending - M/M change	0.7 %	0.9 %	0.5 %	0.1 % to 0.7 %	0.6 %
Consumer Spending - Yr/Yr change	4.1 %	4.5 %			4.6 %
Core PCE price index - M/M change	0.2 %		0.1 %	0.1 % to 0.3 %	0.1 %
Core PCE price index - Yr/Yr change	0.9 %				0.9 %

Employment Cost Index

ECI - Q/Q change	0.4 %	0.6 %
ECI - Y/Y change	2.0 %	2.0 %

Chicago PMI

Business Barometer Index - Level

Prev 70.6

Est 68.0

Range 65.0  to 69.1

Act 67.6

Market Activity

Grains+3.29%          

RR+4.85% C+4.29% W+3.53% O+3.24% S+3.15%            BO+3.01% SM+2.70% RS+1.58%

http://www.cmegroup.com/education/market-commentary/ag/2011/04/recap-corn_660.html

Energies+1.80%

ZK+3.59% NG+2.36% RB+1.31% HO+0.88% CL+0.73%

http://www.platts.com/RSSFeedDetailedNews/RSSFeed/Oil/6037991

Metals+1.41%

PA+1.93% PL+1.83%            GC+1.80% SI+0.68% HG-1.64%

http://www.smartmoney.com/investing/economy/6-signs-the-silver-market-has-gone-nuts-1303502720960/?cid=djem_sm_WeekontheStreet_h

Softs+0.98%

CT+3.45% CC+1.80% OJ+1.41% LB+1.25% KC+0.25% SB-2.26%

Currencies+0.44%

SF+0.99% CD+0.60% JY+0.53% AD+0.50% MP+0.49% BP+0.38% EC+0.05%  USD-0.22%

Indices+0.39%

RJ +0.45% YM+0.30% EW+0.26%   ES+0.20% NQ+0.15%

http://www.smartmoney.com/investing/stocks/market-update-friday-apr-29-2011-27248/?cid=djem_sm_dailyviews_h

Financials+0.14%

ZB+0.31% ZN+0.19% ZF+0.12% ZT +0.02% ED unch

http://www.marketwatch.com/column/bond-report

CFTC Commitment of Traders Reports as of 03.15.11

Combined (F+O) for Commodities


Combined (F+O) for Financial Products

3.21.11 Bloomberg: "Hedge Funds slash Commodity Bets."

03.11.11 Final Report

Price Movements

Silver +2.48% Platinum +0.91% Gold +0.66%  Copper +0.24% Palladium -0.12%

Safe haven buying resurfaced in the PMG and copper saw some technical short covering.

Mini Nasdaq +0.97%  Mini S&P +0.91% Midcap DJIA Mini-+0.68%  Russell Mini +0.43%

Oil refiners and material companies rose on the theory that these sectors will benefit Japanese efforts to rebuild after Friday’s 8.9 earthquake .

AD+1.42% JY +1.39% EC +0.68% MP+0.48$ SF+0.27% CD+0.25% BP+0.14% USD -0.65%

5-Year +0.07% 10-Year +0.05% 2-Year +0.04% E$+0.01% T-Bond -0.03%

CT +1.97% Sugar #11 +0.52%  Cocoa -0.96% OJ-1.35% Coffee -2.19%

NG +1.54% HOil -0.52% RBOB -1.06%  WTI -1.50% Ethanol -2.31%

Natural gas remains in a tight range. The petroleum complex sold off on worries the earthquake may weaken the global recovery and weaken demand.

Rice -0.31% Meal -1.05% Oats -1.54% Beans -1.55% B Oil -1.81% Corn -2.71%  Wheat -2.94%

Grain sold off on worries about damage to Japanese ports and its effect on grain shipments. Japan is a major buyer of US bean, corn, rice and wheat.

CFTC Reports

Combined (F + O) Commodity COT Report (Click Here)

Combined (F +O) Financials COT Report (Click Here)

Economic News

China: CPI
Y/Y % Change Prior 4.9 % Est 4.8 Act 4.9
Food prices +11.0% Non-food +2.3%

China: Industrial Production
 Yr/Yr % change Prior 13.5 % Est 13.1 % Act 14.9 %

China: PPI
Y/Y % Change Prior 6.6 % Est 7.0 Act 7.2
M /M % change was +0.8% vs +0.9% prev

China: Retail Sales
Y/Y % Change Prior 19.1 Est 19.0 Act 11.6
Well below expectations

US Retail Sales

Retail Sales- M/M change Prev 0.3 % Rev 0.7 % Est 1.0 % Range 0.1 % to 1.5 % Act 1.0 %
less autos- M/M change  Prev 0.3 % Rev 0.6 % Est 0.7 % Range 0.3 % to 1.3 % Act 0.7 %

Auto sales and higher energy prices accounted for much of the gain



US Consumer Confidence

Sentiment Index - Level Prior 77.5 Rev 76.5 Range 74.8 to 80.0 Act 68.2

Increasing oil prices are beginning to cause concern with consumers. The normally stable inflation expectation component jumped to 4.6% one year out. And the five year out reading is now at 3.2%



US Business Inventories

Inventories - M/M change Prior 0.8 % Est 0.8 % Range 0.6 % to 0.9 % Act 0.9 %