Commodity Research

By Grant Smith, Bloomberg, here... ”Iran’s production plunged by 230,000 barrels a day to 2.32 million a day, according to the Bloomberg survey.

Implied vols exploded on Friday with July settling at 57.8 +13 and August at 46.2 +11, these from barchart.com...  Volume was heavy with around

From Today in Energy, the EIA’s new data base helps one keep up with pipeline capacity... “As U.S. crude oil production increased, imports dropped

Here is Joe Wallace, WSJ: ”Prices began taking off in mid-May, after inclement weather put farmers well behind in their planting schedules and

I’m always amazed by this chart showing the decline in farm jobs in the US (from CarpeDiem, here)...

Here are some interesting energy charts from today’s edition of The Daily Shot, from the WSJ, here...

Interesting chart from Mehlman Castagnetti , here, via The Big Picture, here...  The very rich get richer while the very poor get less poor...

As one might expect, yesterday’s sharp move lower in oil was accompanied by a sharp move up in implied volatility... At the money vol settled at 28.9