Jobless Claims Fall, Manufacturing Stumbles – Reuters Oil Falls Below $77 After Weak U.S. Econ Data – Reuters Dollar Slides on U.S. Growth Worries, Euro Squeeze – Reuters BP: No Oil Leaking Into Gulf From Busted Well – AP/Yahoo News Wheat Prices Soar Amid Questions About Global Crop – AP/Yahoo Finance Commodity Shipping Has Longest [...]

Commodities Gain as Risk Appetite Returns – AP/Yahoo Finance Federal Deficit Tops $1 Trillion Through June – AP/Yahoo Finance Get Ready for Cataclysmic Market Crash! (Or Maybe Not) – WSJ/Yahoo Finance Gold Futures Rise to Highest Price in Nearly Two Weeks – MarketWatch Oil Rallies Nearly 3%, Closes at its Highest Level in Two Weeks [...]

Gold Futures Fall to Three-Week Low – Bloomberg Soybeans Rise to a Three-Week High – Bloomberg Copper Rebounds – Bloomberg House Approves Health Overhaul – New York Times U.S. Dollar Hits 10-Month High vs. Euro – MarketWatch Financial Reform Moves Front & Center After Health Care Bill – TheStreet.com Saving Us From Our Own Stupidity [...]

By Jim Barrett The July 4 holiday weekend has proven to be a turning point for just about all commodity futures this year. Daily charts in corn, coffee, cocoa, sugar, and natural gas all show important multi-year peaks – and I mean peaks. Obviously, the second half of 2008 is unfolding in a dramatically different [...]