COMMODITIES DAYBOOK: Natural Gas Rebounds From Six-Week Low
By Barbara Powell -
2012-08-14T22:41:16Z
Natural gas futures rebounded from a six-week low in New York on forecasts for a smaller-than-normal stockpile increase in a government report this week. Wheat futures fell for a third straight session while corn fell.
WHAT TO WATCH:
(ALL TIMES NEW YORK)
4 a.m. LME Stockpiles
10:30 a.m. DOE Weekly U.S. Petroleum Inventories
2:00 p.m. USDA Cattle, Hog Slaughter
3:00 p.m. USDA Broiler Eggs Set
TOP STORIES
Crude Oil Snaps Two-Day Drop as U.S. Retail Sales Beat Forecasts
Natural Gas Futures Rebound From Six-Week Low on Inventory View
Wheat Futures Drop on Reduced Demand; Corn, Soybeans Decline
Coffee Falls on Brazil Supplies; Sugar Drops; Cocoa, Cotton Gain
Gold Drops for Second Day as U.S. Sales Data Damps Stimulus Bets
Copper Advances as U.S., German Economic Data Boost Outlook
Feeder-Cattle Futures Jump to Five-Week High; Hogs Prices Gain
Heating Oil Rises as Inventories Decline While Demand Picks Up
ON THE FRONT PAGES
Jordan First-Half Spending on Oil, Energy Rises 31%, Petra Says
Sinopec May Spend $1 Billion on U.S. Coal-Gas Project, WSJ Says
Panama Canal Expansion $573 Million Over Budget, Prensa Says
ECONOMIC DATA:
(ALL TIMES NEW YORK)
4:30 a.m. U.K. Bank of England Minutes
4:30 a.m. U.K. June Unemployment Rate
7:00 a.m. U.S. MBA Mortgage Applications
8:30 a.m. U.S. July Consumer Price Index
8:30 a.m. U.S. August Empire Manufacturing
9:15 a.m. U.S. July Industrial Production
10:00 a.m. U.S. August NAHB Housing Market Index
TV HIGHLIGHTS
7:00 a.m. BNP North America Chief Economist Julia Coronado
7:30 a.m. Council on Foreign Relations President Richard Haass
8:05 a.m. Blackstone Group LP Vice Chairman Byron Wien
12:00 p.m. Oppenheimer & Co. Inc. Strategist John Stoltzfus
3:08 p.m. RBS Securities Inc. Strategist Michelle Girard
5:00 p.m. Morgan Stanley Chief U.S. Economist Vincent Reinhart
MARKETS (4:30 p.m. NY TIME):
Last Chg %Chg
WTI Crude Oil $93.43 +0.7 +0.8
Gasoline $3.0014 +0.0107 +0.4
Natural Gas $2.834 +0.105 +3.9
Copper $3.359 +0.055 +0.2
Gold $1,599.40 -10.20 -0.6
Wheat $8.3975 -0.17 -2
U.S. Dollar Index 82.52 +0.08 +0.1
MSCI All-Country Index 323.00 +0.46 +0.1
To contact the reporters on this story: Barbara J Powell in Dallas at bpowell4@bloomberg.net
To contact the editor responsible for this story: Dan Stets at dstets@bloomberg.net
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