Commodities

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China Economic Data Releases

China’s June Consumer Price Index (CPI) and Producer Price Index (PPI) data release overnight are mixed.

Gold Bars

Gold is roughly flat on day going into the July 4th weekend, tomorrow will be light volume with only a half day of trading. The SPDR Gold Trust (GLD, [stock GLD]) ETF is lower by 0.14% in the final hour of trading today while the iShares Gold Trust (IAU, [stock IAU]) ETF is holding flat on the day.

U.S. Stock Market

Can U.S. markets move higher after a broad sell off Monday?  Two weeks ago trader overcame the broad sell off but future’s today look basically flat in pre-markets with implied opens for Dow Jones at 13.34, S&P 500 0.03 and the NASDAQ at 2.26 as of 8:40 a.m. ET.

Rice Fields

USDA Rice Outlook Report

Break News - Housing Starts

Break News – Housing Starts

Oil Crops Outlook

Export shipments of U.S. soybeans for 2011/12 are forecast up 20 million bushels this month to 1.335 billion. And the 2011/12 soybean crush is forecast 15 million bushels higher this month to 1.66 billion based on higher demand for soybean meal. Higher soybean demand would further reduce U.S. season-ending stocks for 2011/12 to 175 million bushels, compared to last month’s forecast at 210 million.

Corn Crop Report

Crop Corn Report Released June 18, 2012, by the National Agricultural Statistics Service (NASS), Agricultural Statistics Board, United States Department of Agriculture (USDA).

Wheat Outlook

Projected U.S. wheat supplies for 2012/13 are lowered 51 million bushels with reduced carryin and lower forecast winter wheat production. Beginning stocks are lowered 40 million bushels with a 10-million-bushel increase in food use and a 30-million-bushel increase in exports for 2011/12.

Uranium

Penny stock First Uranium Corp [stock FURAF] jumped 20% yesterday on company news.