CFTC COT Reports for the week eding on 05.7.011

Financial Futures Positions (Futures + Options)
Open Interest changes by Product: FX(w/ $index) fell; Interest Rate products rose; Equity indexes -US rose Foreign fell: Vix rose; commodity indexes fell

Commodity Futures Positions for the week ending on 05.17.11
Open interest declined in 16 of the 20 commodities tracked in this report

Market Wrap for 04.19.11

Economic Data

ICSC-Goldman Store Sales

Store Sales - W/W change	Prev 0.1 %	Act 0.3 %
Store Sales - Y/Y	2.9 %	3.0 %

Housing Starts

Starts - Level - SAAR	Prev 0.479 M	Revised 0.512 M	Est 0.525 M	Range 0.500 M to 0.620 M	Act 0.549 M
Permits - Level - SAAR	0.517 M	0.534 M			0.594 M

March starts rebounded 7.2% following an 18.5% in February. Starts were above expectations but are still at historically depressed levels. For the month, single-family home starts were up 7.7%, while multi-family starts were up 5.8%.

Starts in the Midwest were up 32.3%, the west up 27.6% and the Northeast up 5.4%. Starts in the South fell 3.3%. Permits gained 11.2% for the month but are13.3% below last year.

Housing report from “Market Watch.com” http://www.marketwatch.com/story/us-home-construction-quickens-in-march-2011-04-19

Redbook

Store Sales Y/Y change

4.7 %

5.1 %

Market Activity

Metals+0.58%

SI+2.51% HG+0.96% GC+0.23% PL-0.53% PA-0.55%

http://www.cmegroup.com/education/market-commentary/metals/2011/04/recap-silver_463.html

Energies+0.38%

NG+3.26% CL+0.48%            ZK-0.34% RB-0.59% HO -0.99%

Indices+0.29%  CRB +0.60% VIX -4.95%

NQ +0.59% ES +0.50%           YM +0.45% EW+0.09% RJ-0.18%

http://news.yahoo.com/s/ap/20110419/ap_on_bi_ge/us_earns_goldman_sachs;_ylt=ApwxXfvREx7.Yq995HIaA_T957EF;_ylu=X3oDMTJzM3IxcGJoBGFzc2V0A2FwLzIwMTEwNDE5L3VzX2Vhcm5zX2dvbGRtYW5fc2FjaHMEcG9zAzgEc2VjA3luX3BhZ2luYXRlX3N1bW1hcnlfbGlzdARzbGsDZ29sZG1hbnJlcG9y

Grains+0.26%

O +1.68% W +1.39% RR+0.29% BO +0.24% S-0.17% C-0.37%       SM-0.40% RS-0.61%

http://www.cmegroup.com/education/market-commentary/ag/2011/04/recap-wheat_465.html

Currencies+0.23%

CD+0.83% EC+0.70% MP+0.50% BP+0.39% JY+0.13% AD+0.03% SF-0.37% USD-0.61%

http://www.bloomberg.com/news/2011-04-19/canadian-inflation-accelerates-to-highest-rate-in-two-years-on-jump-in-oil.html

Financials+0.09%

US +0.23% TU+0.01%            TY unch ED -0.01% FY -0.03%

Softs-0.14%

KC+2.37% OJ+0.86% LB-0.20% CC-0.32% SB-0.53% CT-3.37%

Economic Reports

Producer Price Index

PPI - M/M change	Prior 1.6 %	Est 1.0 %	Range 0.4 % to 1.6 %	Act 0.7 %
PPI less food & energy - M/M change	0.2 %	0.2 %	0.1 % to 0.4 %	0.3 %

Jobless Claims

New Claims - Level	Prior 382 K	Revised 385 K	Est 380 K	Range 375 K to 385 K	Act 412 K
4-week Moving Average - Level	389.50 K	390.25 K			395.75 K

EIA Natural Gas Report  http://ir.eia.gov/ngs/ngs.html

EIA Natural Gas Storage Data

Total (04/08/11): 1,607 Bcf 

Total (04/01/11): 1,579 Bcf 

Change: 28 Bcf 

Year ago stocks: 1,744 Bcf

% diff to yr ago: -7.9 % 

5-year avg stocks: 1,597 Bcf

% dif to 5-yr avg: 0.6 % 

 Market Activity

Metals +1.66%

SI+4.65% GC+1.33% PL+1.20% PA+1.01% HG+0.22%

http://www.marketwatch.com/story/radical-gold-bugs-keep-confidence-2011-04-14?dist=afterbell

Energies +0.48

NG+2.03% CL+1.20%  RB unch HO-0.08% Ethanol -0.71%

http://www.platts.com/RSSFeedDetailedNews/RSSFeed/Oil/8795061

http://www.bloomberg.com/news/2011-04-14/oil-advances-as-sunoco-refinery-unit-shut-u-s-gasoline-supplies-tumble.html

Currencies+0.34%

MP+0.50% AD+0.47% JY+0.45% BP+0.44% SF+0.39% EC+0.35% CD+0.29% USD-0.39%

http://www.bloomberg.com/news/2011-04-14/bullish-peso-bets-jump-35-to-5-billion-as-exports-climb-mexico-credit.html

Indices+0.22% CRB+0.28 VIX -0.98%

RJ+0.58% YM+0.29% ES+0.15% EW+0.13% NQ-0.19%

Softs-0.08%

CC+1.92% OJ+1.64% KC+0.61% CT-0.66% SB-1.41% LB-2.59%

http://www.bloomberg.com/news/2011-04-14/sugar-falls-caps-longest-slump-since-may-cocoa-coffee-rise.html

Financials -0.09%

ED-0.01% TU-0.06% FV-0.20% US-0.21% TY-0.24%

Grains-0.51%

RR+0.29% SM+0.09%  C-0.17% S-0.19%    RS-0.38% BO-0.85% O-1.23% W-1.63%

http://www.fas.usda.gov/export-sales/highlite.htm

Economic Data

Wholesale Trade

	Prior	Actual
Inventories - M/M change	1.1 %	1.0 %

Market Activity

Grains +2.21%

O+5.35% W+3.14%BO+2.49%S+2.11%SM+1.80%C+1.19%RS+1.17% RR+0.44%

USDA WASDE Report http://usda.mannlib.cornell.edu/usda/current/wasde/wasde-04-08-2011.pdf

Bloomberg Grain Report http://www.bloomberg.com/news/2011-04-08/corn-rises-on-signs-higher-cost-failing-to-slow-demand-wheat-prices-gain.html

Oats reversed yesterdays limit-down action by closing up the daily price limit

Energies +1.79%

HO+3.55% RB+2.33%CL+2.26% Ethanol +1.19% NG-0.39%

Platts OilBlog http://www.platts.com/BlogDetails/oilblog

Metals +1.72%

SI+2.67% HG+1.92% PA+1.79% PL+1.20% GC+1.01%

Currencies +0.27%

EC+0.95% SF +0.69% AD+0.68% MP+0.36%BP+0.21% CD+0.12%         USD -0.98%

Financials -0.07%

ED +0.01% TU-0.03% FV -0.08% TY -0.08% US -0.11%

Indices -0.55% VIX +1.47% CRB +0.95%

YM-0.20% ES-0.36%          NQ-0.48% EW-0.68% RJ-1.04%

NYSE volume 585M shares, about 18% below its three-month average; decliners lead advancers by 2.5:1.
NASDAQ volume 1.33B shares, about 15% below its three-month average; decliners lead advancers by 2.6:1.
- VIX index +6% at just over 18.00

Softs -1.65%

OJ +0.94% KC+0.79% CC-0.44% CT-2.52% SB-3.17% LB-5.48%

Cotton sold-off on a “buy the rumor-sell the fact” reaction to the USDA report that showed lower ending stocks thatn the previous report

1Q Earnings Week 1

27 Reports  22 above last year 5 below last year Spreadsheet of Earnings Results

16 Above Expectations

4 Matching

7 Below

CFTC Reports

CFTC Commodity COT (Combined)