Most Markets have brushed off the latest worries of Global pandemic due to the outbreak of latest coronavirus but not oil.Goldman out with a note saying if this latest outbreak is as big as Sars oil could drop $3 due to impact on travel with jet fuel being hardest hit,spot jet fuel in Chicago -3% today.

tale of the tape of Energy today:

CBOT wheat been on a tear last few days as Supplies both in U.S. and Russia possibly lower then forecast,A transport strike in France inhibiting flow of Goods and talk of an Export tax on Wheat out of Russia

CBOT Wheat daily chart

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.