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

Natural Gas Seeks Direction: Market Bits

Chinese commodity trade data shows that soybean imports fell 13% year-over-year to 3.5 million tons in March, but rose 51% month-over-month from the February low. ANZ Commodity Research wrote that the drop was attributable to a price freeze on soy oil retail prices from December to March, placing crushing mills at a disadvantage as margins diminished and soybean wholesale prices rose.

The ANZ report said the government supplied subsidies of 335 kilotons of soybeans and 450 kilotons of canola oil to four major crushing mills at a discount of 13% to 14%, but they accounted for less than one month of mill demand. "Due to the squeeze in margins, mills ran down their stocks and held off from placing new orders for soybean imports. Industry sources suggested that the price freeze would be extended with a second round of supply of subsidized soybeans and canola oil."

Fertilizer producer Intrepid Potash (IPI) was down 0.3% to $33.89, farm equipment maker Deere (DE) was dipping 1.8% to $93.29 and oilseeds transporter Archer Daniels Midland (ADM) was down 0.5% to $35.39.

>>Search for Highest Dividends by Rate or Yield
More on Earnings
Today's Top Earnings
Earnings Calendar

-- Written by Andrea Tse in New York.

>To contact the writer of this article, click here: Andrea Tse.

>To follow the writer on Twitter, go to Andrea Tse.

>To submit a news tip, send an email to:
Copyright 2011 Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
5 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
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
BP $33.49 0.00%
BX $27.79 0.04%
ETP $34.16 0.00%
FXF $99.54 0.00%
SM $30.32 0.00%


Chart of I:DJI
DOW 17,830.76 -210.79 -1.17%
S&P 500 2,075.81 -19.34 -0.92%
NASDAQ 4,805.2910 -57.85 -1.19%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs