Futures and Commodities – Oil Gold and Silver Prices decline – Livestock and Agriculture lower

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(Best Syndication News) Commodity prices dropped with a 7.59 percent fall in silver prices (see survey #2 chart below).

Precious Metals

Silver prices fell so fast that the ratio between gold and silver fell from 32 to 36 in two days – even with gold declining too. Some speculators say this could be a buying opportunity, while others aren’t so sure. Fifty days ago the ratio was 43, and 100 days ago the ratio was 48.

Silver settled down $3.50 (-7.59%) to $42.59 an ounce. Gold on the COMEX fell $16.70 (-1.07%) to $1,540.40 an ounce.

Platinum and palladium were lower today too. Both copper and uranium futures were 1.36% higher today.

Energy Futures

Light sweet crude oil on the NYMEX was lower today, down $2.47 (-2.18%) to $111.05 a barrel. Brent crude on the Intercontinental Exchange (ICE) fell 77 cents (-0.61%) to US$125.12 a barrel.

Coal was down 1.74 percent and gasoline fell 0.55 percent.

Yesterday the ISM report found that manufactures are stockpiling raw materials to hedge against inflation.

Livestock and Agriculture

Most commodities were lower, including agriculture and livestock (see survey #1 chart below).

Pork bellies hit a 100-day high while sugar reached a 100-day low.

Soybeans fell more than two percent today.

By: Tom Madison
Business Reporter

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Metals and Energy Settle Price:

Tuesday Survey # 2 (BSNCOM2) One-Day One-Day 1 Week 30-Day 100-Day
5/3/2011 Energy and Metal Settle $ Change % Change % Change % Change % Change Month
125.12 Brent crude -0.77 -0.61% 1.18% 9.82% 37.51% June
78.12 Coal -1.38 -1.74% -1.28% 3.79% 8.58% June
4.25 Copper HG 0.06 1.36% -1.16% -0.77% 4.06% July
111.05 Crude oil (CL) -2.47 -2.18% -1.10% 7.72% 25.66% June
2.62 Ethanol ZE CBOT 0.01 0.23% -0.42% 5.35% 25.66% May
1540.40 Gold GC -16.70 -1.07% 2.07% 7.99% 10.60% June
3.19 Heating Oil (HO) -0.06 -1.88% -0.25% 4.53% 29.35% June
4.67 Natural gas NG -0.02 -0.49% 6.40% 12.23% 5.30% June
782.40 Palladium PA -1.70 -0.22% 2.84% 5.40% 5.50% June
1860.50 Platinum PL -15.20 -0.81% 1.77% 6.63% 10.82% July
42.59 Silver SI -3.50 -7.59% -9.68% 18.29% 47.78% July
3.33 RB RBOB Gasoline -0.02 -0.55% 1.55% 11.08% 42.25% June
56 UxC Uranium U3O8 0.75 1.36% 0.00% -5.08% -8.57% May
354.94 Average All -3.15 -0.88% 1.77% 6.86% 10.65% All
714.36 Metals Average -6.05 -0.84% 1.92% 6.81% 9.69% Metals
46.87 Energy Average -0.67 -1.42% -0.14% 7.58% 24.93% Energy
36 Ratio Gold/Silver Prices 2.38 7.06% 13.01% -8.70% -25.16% Ratio

Commodities - Survey #1:

Tuesday Survey #1 One-Day One-Day 1 Week 30-Day 100-Day
5/3/2011 Commodity Platform $ Change % Change % Change % Change % Change
2,772.00 Aluminum LME 3-mo 0.00 0.00% 1.20% 8.11% 17.41%
125.12 Brent Crude IPE -0.77 -0.61% 0.91% 9.98% 37.25%
3,272.00 Cocoa CSCE -7.00 -0.21% 6.61% 2.89% 8.70%
304.8 Coffee CSCE -0.75 -0.25% 5.16% 10.04% 49.01%
4.251 Copper COMEX 0.08 2.03% -1.02% -0.82% 4.01%
662.25 Corn X 100 CBOT 1.00 0.15% -2.61% -3.53% 15.32%
157.51 Cotton NYCE 3.06 1.98% -3.96% -21.30% 15.38%
673 CRB Commodities NYFE -6.00 -0.88% -0.30% 2.91% 14.07%
110.64 Crude oil NYMEX -2.28 -2.02% -0.63% 8.10% 24.92%
133.13 Feeder cattle CME -1.57 -1.17% -0.31% -1.13% 12.77%
1,537.30 Gold GC COMEX -2.70 -0.18% 2.28% 7.57% 10.48%
92.55 Lean hogs CME -2.50 -2.63% -5.83% -8.64% 21.70%
110.85 Live cattle CME -0.75 -0.67% -1.89% -2.62% 6.00%
4.73 Natural gas NYMEX -0.03 -0.63% 5.11% 11.29% 6.53%
172.2 Orange juice NYCE 3.40 2.01% 3.89% 8.99% 6.00%
782.4 Palladium NYMEX -1.70 -0.22% 2.84% 5.16% 5.16%
1,860.50 Platinum NYMEX -2.30 -0.12% 2.81% 6.48% 10.64%
126.5 Pork bellies CME 0.00 0.00% 0.00% 8.12% 21.05%
46.7 Silver SI COMEX 0.00 0.00% 1.72% 36.31% 62.04%
1,363.75 Soybeans X 100 CBOT -29.25 -2.10% -2.21% 0.06% 6.42%
21.95 Sugar CSCE -0.08 -0.36% -6.04% -20.33% -23.55%
3.315 Unleaded gasoline NYMEX -0.02 -0.60% 0.19% 10.60% 41.87%
793 Wheat X 100 CBOT 1.25 0.16% -7.92% 9.99% 0.57%
5/3/2011 Commodity Type Change One-Day 1 Week 30-Day 100-Day
657.16 Average (All) -Alum BSNCOM1 -1.95 -0.30% 1.64% 4.57% 11.32%
60.95 Energy Energy -0.78 -1.26% 0.27% 9.15% 30.72%
115.76 Livestock * Live stock -1.21 -1.03% -1.76% -0.80% 14.84%
843.43 Agricultural Agricultural -3.55 -0.42% 1.50% 2.03% 9.07%
846.23 Metals Minus Aluminum Metals -1.32 -0.16% 2.61% 6.88% 9.90%
-0.30 Daily % Change (All) -Alum * Livestock refers to both dead and live animals
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