13:45 SLV: Commodity ETF/ETN Performance @ Midday- CRB Index tumbles led by steep losses in RBOB gas (UGA), Silver (SLV), WTI crude (OIL), and Food & Ag. components (JJG, JJA); Dollar Index (UUP) strength the driving catalyst today
CRB Index @ 339.08 -9.49 (-2.75%)
RBOB gas futures fall sharply as weekly DoE Petroleum Status Reports show rise in stockpiles to 2-yr highs; waning demand triggers brief 5 min. trading halt earlier on NYMEX.
Silver futures (SLV) drop as the Dollar Index (UUP) gains vs. the Euro (FXE) pressuring the precious metals today.
WTI crude futures (OIL, USO) break back below the $100 threshold as weekly supplies for the May 6 reporting period surge higher-than-expected.
Food & agriculture segment (FUD, JJA) declines led by sharp losses in grain & feed futures (JJG) as corn & futures sell-off on USDA hike in domestic supply; Reduction in exports a big catalyst for the rise in supply.
Commodity Complex/CRB Index Gainers:
NONE
Commodity Complex/CRB Index Decliners:
silver futures- SLV -8%, SIVR -8%, RBOB gas futures- UGA -6.8%, WTI crude futures- OIL -4%, USO -4%, Brent crude futures- BNO -3.9%, grain & feed futures- JJG -3.8%, food & ag. commodity indexes- JJA -3.3%, FUD -2.8%, RJA -2.5%, & copper futures- JJC -3.5%,
ps> Commodities are all acting like Commode Oddities
Focus Focus Focus Focus !!!!
AI
