Economic Data

Personal Income and Outlays http://www.bea.gov/newsreleases/national/pi/pinewsrelease.htm

Personal Income - M/M change	Prior 0.4 %	Revised 0.3 %	Est 0.4 %	Range 0.1 % to 0.5 %	Act 0.3 %
Personal Income - Yr/Yr change	4.4 %	4.4 %			4.2 %
Consumer Spending - M/M change	0.4 %	0.3 %	0.0 %	-0.2 % to 0.3 %	0.0 %
Consumer Spending - Yr/Yr change	4.8 %	4.8 %			4.7 %
Core PCE price index - M/M change	0.2 %		0.2 %	0.2 % to 0.3 %	0.3 %
Core PCE price index - Yr/Yr change	1.0 %	1.1 %			1.2 %

Price Data

Indices+1.17%

Nasdaq +1.97%         Russell +1.01% S&P 500 +0.95% DJIA +0.92%  Midcap +0.66%

U.S. Stocks Gain as Banks Get New Rules, Technology Shares Rise     

Energies+0.10%

Gasoline +1.26%       H Oil +0.59% Nat Gas +0.59% WTI -0.34% Ethanol -0.87%

Oil Slides on Outlook for Slower Demand as IEA May Release More Stockpiles

           

Currencies-0.06%

Euro +0.79%   S Franc +0.18% C$ +0.17% Pound +0.06% Peso-0.06% A$ -0.48% Yen -0.57% USD  -0.58%

Euro Rises Versus Dollar on Greece Optimism

Softs-0.21%

Cocoa +1.25% Sugar +0.94%Coffee+0.46% Lumber-0.64% OJ-1.36%           Cotton -1.95%

Financials-0.45%

Eurodollar+0.02% 2-Year -0.09%  5-Year -0.20% 10-Year -0.20% T-Bond -0.84%

Treasury bond yields rise as some investors shun new debt sale

Grains-0.62%

Meal+0.91%      Beans +0.72% Canola -0.26% B Oil -0.56% Oats -0.75% Corn -1.38% Rice -1.60% Wheat -2.04%

Wheat Extends June Slide as Accelerating Harvest Boosts U.S. Grain Supply

Metals-0.94%

Plat -0.11%  Gold -0.33%       Pall-0.34% Copper -0.65%     Silver -3.23%         

Gold falls as safe-haven bids ease, equities up

FTC To Investigate Oil - Retail OTC Metals Ban

Softs+2.02%

Sugar +4.17%         Lumber+3.09% OJ +3.09% Cotton +2.45%         Cocoa+1.71%         Coffee-2.38%  

      

Sugar Rises to Two-Month High on Supply Concern; Coffee Falls; Cocoa Gains

Indices+0.68%

Russell +1.04%  Midcap +0.99% DJIA +0.63% S&P 500 +0.61%      Nasdaq 100 +0.45%

Financials+0.02%

T-Bond +0.12%  2-Year +0.02% Eurodollar unch 10-Year -0.01%  5-Year -0.03%

Currencies-0.01%

Peso +0.27% Swiss +0.23% Pound +0.15%Canadian $+0.05% U.S. +0.03%  E- FX-0.08% Yen -0.26% A$-0.39%

Metals +0.09%          

Silver+0.76%  Pall+0.45%  Gold+0.19%  Copper-0.63% Plat-1.01%

Trading Of Over The Counter Gold And Silver To Be Illegal Beginning July 15

            

Dodd-Frank rules outlaw retail gold, silver trading?

Grains-0.38%

Meal+0.29%  Beans +0.21%  B Oil+0.18%   Corn +0.04% Canola -0.31% Oats -0.43% Rice -1.11% Wheat -1.93%

 Corn Stocks Plunging to 1974 Low as China Adds Brazil-Sized Crop to Demand

  

Energies-0.43%

Ethanol +0.91%   WTI +0.39% Natural Gas -0.44% Gasoline -1.30% H Oil -1.78%

FTC opens probe into oil, gasoline markets

     

Jobless Claims

New Claims - Level	Prior 424 K	Rev 428 K	Est 420 K	Range 410 K to 430 K	Act 422 K
4-week Moving Average - Level	438.5 K	439.50 K			425.50 K

Fewer people applied for unemployment benefits

http://hosted.ap.org/dynamic/stories/U/US_UNEMPLOYMENT_BENEFITS?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2011-06-02-12-56-28

Productivity and Costs

Nonfarm productivity - Q/Q change - SAAR	Prior 1.6 %	Est 1.7 %	Range 1.5 % to 2.0 %	Act 1.8 %
Unit labor costs - Q/Q change - SAAR	1.0 %	0.8 %	-0.5 % to 1.2 %	0.7 %

US 1Q Nonfarm Productivity Revised Up To 1.8%;ULC Rev Down

http://imarketnews.com/?q=node/31675

Factory Orders

Factory Orders - M/M change

3.0 %

3.8 %

-0.9 %

-2.5 % to -0.5 %

-1.2 %

Factory orders broadly lower in April

http://www.reuters.com/article/2011/06/02/us-usa-economy-factory-idUSTRE7513KH20110602

EIA Petroleum Status Report

http://www.eia.gov/pub/oil_gas/petroleum/data_publications/weekly_petroleum_status_report/current/pdf/highlights.pdf

Crude oil inventories (weekly change)	Prior 0.6 M barrels	Actual 2.9 M barrels
Gasoline              (weekly change)	3.8 M barrels	2.6 M barrels
Distillates            (weekly change)	-2.0 M barrels	-1.0 M barrels

EIA Natural Gas Storage Data

http://ir.eia.gov/ngs/ngs.html

Total(05/27/11):2,107Bcf (05/20/11):2,024Bcf Change: +83Bcf Prior +105

Year ago stocks: 2,344 Bcf % diff to yr ago: -10.1 % 

5-year avg stocks: 2,149 Bcf % dif to 5-yr avg: -2.0 % 

Softs+1.01%

Sugar #11 +4.72%

Coffee +2.07%

Cotton #2 +2.03%

Orange Juice +0.88%

Cocoa -1.73%

Lumber -1.90%

           

Energies+1.00%

Natural Gas +3.41%

Heating Oil +1.10%

Ethanol Futures +0.45%

Crude Oil WTI +0.21%

Gasoline -0.26%

Oil Heads for Weekly Decline on U.S. Economy; Crude Stockpiles Increase

http://www.bloomberg.com/news/2011-06-02/oil-rises-0-5-percent-in-new-york-u-s-crude-stockpiles-unexpectedly-gain.html

Natural-Gas Futures Surge To 10-Month High After Storage Data

http://online.wsj.com/article/SB10001424052702303657404576361413563669114.html

Grains+0.78%

Soybeans +1.50%

Soybean Meal +1.47%

Wheat +1.38%

Corn +1.05%

Soybean Oil +0.82%

Canola +0.76%

Rough Rice +0.07%

Oats -0.78%

Wheat Futures Climb for Second Day on Weather Concerns in U.S., EU, Canada

http://www.bloomberg.com/news/2011-06-03/wheat-futures-gain-0-5-advance-for-second-day-in-chicago-corn-declines.html

Indices+0.12%

E-Mini Nasdaq 100 +0.41%

E-Mini S&P 500 +0.11%

Russell 2000 Mini +0.04%

E-Mini S&P Midcap -0.04%

DJIA Mini-Sized -0.20%

Stocks mixed on weak retail and jobless reports

http://hosted.ap.org/dynamic/stories/U/US_WALL_STREET?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2011-06-02-16-59-32

Currencies+0.08%

Euro FX +0.77%

Mexican Peso +0.26%

Australian Dollar +0.18%

Swiss Franc +0.02%

Japanese Yen +0.02%

British Pound -0.01%

Canadian Dollar -0.15%

U.S. Dollar Index -0.47%

Financials-0.41%

Euro $ unch

2-Year T-Note -0.04%

5-Year T-Note -0.15%

10-Year T-Note -0.28%

T-Bond -0.81%

Ultra T-Bond -1.49%

Metals-1.23%

Copper -0.28%

Platinum -0.32%

Gold -0.55%

Palladium -1.13%

Silver -3.99%

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  1

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

Stocks edge up, shaking off weak economic news

Softs+0.45%

Lumber +4.32%

Cocoa +1.62%

Coffee +0.53%

Sugar #11 +0.22%

Orange Juice -0.78%

Cotton #2 -3.20%

DJ MARKET TALK: Lumber Finishes Limit Up On Firm Cash, Short-Covering

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%

Dollar pares loss after Greece comments Beijing expected to buy European bailout debt, report says

Metals-0.10%

Palladium +0.82%

High Grade Copper +0.39%

Gold -0.44%

Platinum -0.45%

Silve

Gold inches lower; silver falls roughly 1% Gold miners increase hedging

Energies-0.14%

Gasoline RBOB +1.20%

Ethanol Futures +0.38%

Heating Oil -0.03%

Crude Oil WTI -1.08%

Natural Gas -1.09%

Europe's natural gas supply: Russia reinforces the market

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