Commodities Futures


  • *Apple shares soared more than 6 percent to $102.66 in premarket trading after the company sold more iPhones than expected in the third-quarter and gave an upbeat current-quarter forecast. *Traders have priced in a 19.5 percent chance of a rate increase in September and a 42.8 percent chance in December, according to CME Group's FedWatch tool.

  • *Chicago wheat little changed after falling over 3 pct on Tuesday. HAMBURG, July 27- Chicago wheat fell on Wednesday, as dealers weighed up the impact of falling European Euronext futures against a crop tour forecasting lower U.S. harvest yields. The Chicago Board Of Trade's most-active September wheat contract fell 0.1 percent to $4.14-1/ 2 a bushel at 1057 GMT.

  • Futures traded 51 cents down at $44.36 a barrel by 1045 GMT. West Texas Intermediate crude was trading down 22 cents at $42.70 a barrel, close to a three-month low of $42.36 reached on Tuesday. "Today's weakness is just part of the general belief that the market is oversupplied," said Tamas Varga, oil analyst at London brokerage PVM Oil Associates.

  • LONDON, July 27- Gold steadied near $1,320 an ounce on Wednesday as traders awaited the outcome of a two-day Federal Reserve policy meeting later, which will be closely watched for any clues on the scale and pace of interest rate hikes this year. Spot gold was at $1,320.12 an ounce at 0930 GMT, little changed from $1,319.84 late on Tuesday. U.S. gold futures for August...

  • SINGAPORE, July 27- Coal prices in 2016 have regained their footing above the psychological threshold of $50, leaving the oil industry wondering when crude prices will return to form. Starting June 1, benchmark API2 coal futures in Rotterdam have rallied 20 percent to around $60 a tonne, the highest in a year, while Asia benchmark API4 futures have climbed 15.6...

  • SINGAPORE, July 27- Oil prices fell on Wednesday, staying close to their near three-month lows reached earlier this week, as plentiful supplies and slowing economic growth weighed on markets. Brent crude oil futures were trading at $44.67 at 0656 GMT, down 20 cents from their previous close. "My view is that oil prices will find a low between $39 and $42 per barrel...

  • SHANGHAI, July 27- China stocks tumbled on Wednesday, led by small cap shares, on fears of tighter regulatory restrictions. China CSI300 stock index futures for August fell 2.6 percent, to 3,154.8, -38.94 points below the current value of the underlying index. "Some speculators used yesterday's political bureau statement on' curbing asset bubbles' as an excuse to...

  • SHANGHAI, July 27- China stocks fell sharply on Wednesday as investors took profits from recent gains and as speculators ejected from hot "concept stocks" following a regulatory crackdown. China CSI300 stock index futures for August fell 2.0 percent to 3,173.2, -44.97 points below the current value of the underlying index. "Investors believe there will no...

  • MELBOURNE, July 27- London copper edged down on Wednesday but held above one-week lows hit in the previous session ahead of a meeting of the Federal Reserve which is expected to keep rates unchanged, keeping down costs for capital-intensive commodities. *Shanghai Futures Exchange copper climbed half a percent to 37,990 yuan a tonne. *Australia's Fortescue...

  • SINGAPORE, July 27- Oil prices dipped in Asian trading on Wednesday as plentiful supplies and slowing economic growth weighed on markets, although some analysts said that the current downtrend would be modest and see a recovery later this year. International Brent crude oil futures were trading at $44.81 at 0148 GMT, down 6 cents from their previous close.

  • SYDNEY, July 27- U.S. wheat edged higher on Wednesday, rebounding from losses of more than 3 percent in the previous session, drawing support a widely watched U.S. crop tour that pegged yields below five-year average levels. *The most active wheat futures Chicago Board Of Trade rose 0.1 percent to $4.15-1/ 2 a bushel, having closed down 3.3 percent on Tuesday.

  • LONDON, July 26- Hedge funds and other money managers have begun to amass another large short position in futures and options contracts linked to the price of crude oil. Hedge funds increased their short positions in NYMEX WTI futures and options from 53 million barrels on May 31 to 141 million barrels on July 19, anticipating a further drop in prices.

  • An employee works on an engine at the assembly line of a car factory in Qingdao, China.

    Stocks shrugged off downbeat macro commentary to hold onto gains going into the end of trading.


  • NEW YORK/ LONDON, July 26- Gold rose on Tuesday as the dollar fell, but remained hemmed into a range at the start of a two-day U.S. Spot gold was up 0.4 percent at $1,319.96 an ounce by 2:35 p.m. EDT, while U.S. gold futures for August delivery settled up $1.30, or 0.1 percent, at $1,320.80. The Fed will release a statement on Wednesday at 2 p.m. EDT.

  • Peter Schiff sounds off on the Fed

    Peter Schiff, CEO of Euro Pacific Capital defends his comments on The Fed’s attitude toward raising interest rates with the Futures Now traders.

  • Schiff: This rally is a “phony recovery”

    Peter Schiff of Euro Pacific Capital discusses Fed rate hikes and what it means in terms of the recent rally with CNBC’s Courtney Reagan and the Future’s Now traders.

  • Peter Schiff discusses how the Fed is bluffing

    Peter Schiff, CEO of Euro Pacific Capital discusses his views on The Fed and their hesitance to raise interest rates with CNBC’s Courtney Reagan.

  • Big tech earnings, big move for the Nasdaq?

    The "Futures Now" trades turn a technical eye towards tech earnings to watch for key levels in the Nasdaq.

  • Futures Now, July 26, 2016

    The Gartman Letter's Dennis Gartman has his eye on oil's next move, while Peter Schiff of Euro Pacific Captial is watching for the bubble to burst in the market. And the "Futures Now" traders have a play on crude, the U.S. dollar and key levels in the tech space.

Futures Now