WASDE Special Report

By: Craig Turner

The USDA will release the August WASDE tomorrow at 7:30 AM CDT. We are expecting cuts in yield and production for Corn and Soybeans. We are also expecting draws on the global wheat supply.

While many analysts are expecting the USDA to cut yields, production and stocks in this WASDE report, prices will not automatically rally. The market has already priced in the expectations of production cuts. Therefore, it is very important to know the market expectations for the report tomorrow. If the cuts are greater than what the market expects, prices should rally. If cuts are less than what the market expects, prices should decline. If the report comes in as expected, the WASDE could be a non-event in the Grain Markets. Continue reading "WASDE Special Report"

Could Gold Be Tripped Up by a Coming Deflation?

Interview with Jim Puplava, by Jeff Clark, Casey Research

Jim Puplava has robust convictions….

The CEO of Financial Sense News Hour, Jim is a man you should listen to carefully if gold factors in your portfolio or if you are thinking about adding gold anytime soon.

In this interview, Jim talks about how the dollar affects gold prices. Continue reading "Could Gold Be Tripped Up by a Coming Deflation?"

America: a patchwork of potato chip varieties

You say potato, I say pot-ah-toe ... chip. And that's just the start of it.

Though thin and flat may be the national standard _ and bestselling variety _ of this ubiquitous snack, regional and sometimes hyper-local preferences for different calibers of crunch, thickness, seasonings and endless other elements have created a surprisingly diverse culinary patchwork of chip styles around the country.

That's right _ the chips you nosh in the Northeast could be wildly different than those savored in the South. Continue reading "America: a patchwork of potato chip varieties"

Treasuries Close Modestly Lower Following Disappointing Auction

(RTTNews) - Treasuries saw modest weakness during trading on Wednesday, extending yesterday's drop on the heels of a disappointing ten-year note auction.

Bond prices showed a lack of direction for much of the day, sliding a little more firmly into the red following the release of the auction results. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, edged up by 1.2 basis points to 1.64 percent. Continue reading "Treasuries Close Modestly Lower Following Disappointing Auction"

Stocks Turn Higher After Seeing Early Weakness

(RTTNews) - After moving lower at the start of trading, stocks have moved back to the upside over the course of the trading day on Wednesday. Buying interest has remained subdued, however, leading to a relatively lackluster performance.

The major averages have climbed into positive territory and are currently posting modest gains. The Dow is up 23.04 points or 0.2 percent at 13,191.64, the Nasdaq is up 2.52 points or 0.1 percent at 3,018.38 and the S&P 500 is up 1.93 points or 0.1 percent at 1,403.28. Continue reading "Stocks Turn Higher After Seeing Early Weakness"