This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Heating Oil Pops on Weak Dollar: Market Bits

Wheat acres are likely to total 58 million, far surpassing the 41.2 million market estimate.

Still, grain inventories will remain extremely tight, more than offsetting a larger-than-expected harvest in 2011, according to the USDA.

The higher corn plantings however could bite into oilseed supply. The USDA predicts farmers will plant 76.6 million acres of soybeans, below the market forecast of 77 million, according to

Agriculture and fertilizer stocks got a lift from the news as well.

Agricultural commodities transporter Archer Daniels Midland (ADM) rose 1.1% to $36.32, Agrium (AGU) gained 3.3% to $92.55, CF Industries (CF) advanced 4% to $137.87 and Potash Corp. (POT) rose 1.5% to $59.07.

3 of 5

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
ENB $54.10 -0.50%
GEL $48.40 0.25%
HEP $33.32 1.40%
NS $66.84 0.18%
PAA $51.22 1.10%


DOW 18,070.79 +32.82 0.18%
S&P 500 2,105.45 -3.47 -0.16%
NASDAQ 5,045.7280 -14.5180 -0.29%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs