In conjunction with The Hightower Report, RJO Futures would like to share with you the 2016 Midyear Outlook. Covering the grains, energies and metals you’ll have in-depth insight on where these markets stand midyear.
In the energies markets crude oil has seen a build-up of supply inside the US, but the tide of supply appears to have turned, as a declining number of rigs in operation have helped lower output.
The precious metals have forged their first major rally since 2012, and that trend looks to continue into the later part of 2016.
In the grain markets very strong export sales of soybeans look to combine with much above normal temperatures to save the grain markets from the carnage of huge yields and production. The corn market is so oversold that it could take a surprisingly high yield in the August 12th USDA report to see substantially lower prices ahead.