Strategy

Energy/Metals/Softs

MidLincoln CommoditiesWeekly

name units Price WeekChHogs USD/LB. 64.53 3.33NATURALGAS(NYMEX)

USD/MMBTU 2.86 2.14

Coffee USD/LB. 128.85 2.06COCOA USD/MT 3352.00 1.48Oats USD/BU. 269.00 ­0.37Copper USD/MT 5560.00 ­0.54Cattle USD/LB. 146.50 ­0.66OIL Brent USD/BBL. 57.10 ­1.02Sugar USD/LB. 12.27 ­1.13GOLD USD/T OZ. 1144.52 ­1.51Platinum USD/T OZ. 1007.39 ­1.78Soybeans USD/BU. 1003.25 ­1.83Corn USD/BU. 425.00 ­2.35Wheat USD/BU. 558.00 ­2.49Palladium 628.75 ­3.00Silver 15.02 ­3.41

Commodities NewsOIL Brent NATURAL GAS (NYMEX) GOLD Silver Platinum Palladium Copper NickelMetal Steel Wheat Corn Oats Rice Soybeans COCOA Coffee Sugar Cattle Hogs

OIL BrentOil prices rise as stock draw balances supply ­ ReutersWhat is Brent Oil?Oil Prices Tumble Nearly 8%Crude cuts losses made after Iran clinched historic nuclear deal ...EIA lifts WTI oil­price outlook, cuts Brent

CRUDE OIL (BRENT) USD/BBL.

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Source: Midlincoln

NATURAL GAS (NYMEX)NYMEX August gas futures settle 4.1 cents higherUnderstanding Contango: Natural Gas ExampleEOG Resources (EOG) Updates on Price Risk Management, Crude ...Natural Gas Prices Rise due to Short CoveringNatural Gas Prices Hit Key Resistance of $2.90 MMBtuVPO Press Release ­ Antero Resources Announces Second Quarter ...Pennsylvania Projected to Lose Millions in Impact Fee Revenue

NYMEX NATURAL GAS USD/MMBTU

Source: Midlincoln

GOLDAsian buyers snub falling gold price, India still at a discount ­ The ...Vietnam's gold price adjusted 36 times within one day ­ TuoiTreNewsGold seeking consolidation amid global turmoil ­ CNBC.comGold price falls to within sight of 5­year low | MINING.comGold Price Forecast: Here's Why Gold Prices Could Be Going a Lot ...Gold Price Forecast: This Could Send Gold Prices Soaring in 2015ICE Benchmark Administration Publishes Feedback Statement for ...

2014­05­20

2014­08­13

2014­11­17

2015­03­03

2015­04­07

2015­05­14

2015­06­29

40.00

60.00

80.00

100.00

120.00

2014­05­20

2014­08­13

2014­11­17

2015­03­03

2015­04­07

2015­05­14

2015­06­29

2.00

2.50

3.00

3.50

4.00

4.50

5.00

GOLD SPOT USD/T OZ.

Source: Midlincoln

SilverJohn Stancavage: Gold and silver prices near 52­week lows ­ Tulsa ...Gold, silver prices fall on global cues, low demand ­ Business TodaySilver Pretty, Silver Ugly | SilverSeek.comSilver Price Pressured by Trifecta of Greece, China and Fed | Silver ...3 Factors That Could Send Silver Prices Higher in 2015/16Manipulation Researcher Finds 'Very Sharp Movements' in Silver ...Silver Price Remains in Long­term Downtrend

US DOLLAR SPOT USD/T OZ.

2014­05­20

2014­08­18

2014­11­19

2015­02­26

2015­04­03

2015­05­12

2015­06­26

1,100.00

1,150.00

1,200.00

1,250.00

1,300.00

1,350.00

2014­05­20

2014­08­13

2014­11­17

2015­02­25

2015­04­01

2015­05­08

2015­06­14

14.00

15.00

16.00

17.00

18.00

19.00

20.00

21.00

22.00

Source: Midlincoln

PlatinumMARKET WATCH: Platinum stocks rebound as metal prices stabilise ...Anglo Platinum Seen Facing Protracted Exit From Unwanted Mines ...Platinum, palladium price drop acceleratesPlatinum Slammed by Supplies, DollarPlatinum Group Metals Limited Price Target Cut to C$1.00 (PTM ...Platinum Rebounds From Six­Year Low on Dollar WeaknessPlatinum price sags to 6­year lows

PLATINUM SPOT USD/T OZ.

Source: Midlincoln

PalladiumPlatinum, palladium price drop acceleratesPalladium Price Forecasts Keep FallingWhy Palladium Is Still Not A Buy Even After Its Recent Decline (PALL)Bullish case for palladium price fadingPalladium prices bounce from oversold levels, gold price consolidatesPalladium prices bounce from oversold levelsLBMA Platinum and Palladium Am and PM Fix prices now carry a ...

PALLADIUM SPOT USD/T OZ.

2014­05­20

2014­08­13

2014­11­17

2015­02­25

2015­04­01

2015­05­08

2015­06­14

900.00

1,000.00

1,100.00

1,200.00

1,300.00

1,400.00

1,500.00

1,600.00

Source: Midlincoln

CopperDr. Copper Predicts, Um….Pretty Much Nothing ­ ValueWalkMetalbulletin.com / Rolling LME/SHFE price report 16/07: Copper ...Freeport­McMoRan: Copper Prices Heading Lower Will HurtCramer: Why copper & gold are ready to shine ­ CNBC.comFreeport­McMoRan (FCX) Stock Down Amid Slumping Copper PricesCopper Bears Rewarded as Economic Threats Spur Metal RoutChile's Codelco to issue $2.5 billion in bonds amid copper prices ...

LME 3 MONTH COPPER $/t

2014­05­20

2014­08­13

2014­11­17

2015­02­25

2015­04­01

2015­05­08

2015­06­14

600.00

650.00

700.00

750.00

800.00

850.00

900.00

950.00

2015­02­20

2015­04­02

2015­05­12

2015­06­25

5,250.00

5,500.00

5,750.00

6,000.00

6,250.00

6,500.00

6,750.00

Source: Midlincoln

Nickel MetalChina's cost­conscious steel mills tempted by lower cost refined nickelNickel's Sinking FeelingCHINESE SHARE SCARE: Nickel market on the sidelines after price ...Nickel price falls will twist the knife in wounded stainless, ferro­alloys ...COMMENT: Nickel price fall could encourage production cutsPoseidon Nickel awaits price recovery to complete Lake Johnston ...Rolling LME/SHFE price report 07/07: Nickel down 8%, copper ...

SteelSteel price softening a boost for Man Industries; see EBITDA at 11 ...Shrinking Chinese steel market will drag down iron ore price ...Falling steel prices haunt its raw material makers ­ Business StandardOMC's iron ore price hurts steel makersTrends Driving Our $20 Price Estimate For U.S. SteelIt's a steelSteel crisis spurs state into action | Business | M&G

WheatWheat Prices Are Down. What Does That Mean For You?Weather concerns push wheat prices higherCWB lifts wheat price outlook for second time in two weeksDomino effect: 50% decrease in transport cost of wheat ­ The ...Corn Prices Hit One­Year High as USDA Cuts Supply ForecastHedge funds wrong­footed by wheat price surgeMarket concerns about quantity, quality of US winter wheat crop may ...

CBOT WHEAT USD/BU.

Source: Midlincoln

CornCorn, soybean prices show strength following USDA reportsBlackburnNews.com ­ Weather, Profit­Taking Temper Corn Price RallyIE Panda Express Stirs Controversy With New Corn Fried Rice As ...US Corn, Soybeans Rise on Smaller­Than­Expected Stockpiles ...Corn, soybean prices rise with water levels

CBOT CORN USD/BU.

Source: Midlincoln

OatsEgg Prices Soar as Birds Drop Dead From Avian ... ­ Slate MagazineModern art was inspired by Africa | HeraldNet.com ­ Home and GardenPrices set to drop due to lower import dutyGoing with the grain: Wheat, barley thrive in Southern Oregon climateCorn, Oat Prices Fall in May, Hay MixedLarge Outflow of Money Witnessed in Post Holdings, Inc.Global wheat markets weaken on improving weather ­ Stackyard

CBOT OATS USD/BU.

2014­05­20

2014­08­13

2014­11­17

2015­02­27

2015­04­06

2015­05­13

2015­06­26

450.00

500.00

550.00

600.00

650.00

700.00

2014­05­20

2014­08­13

2014­11­17

2015­02­25

2015­04­02

2015­05­11

2015­06­24

300.00

325.00

350.00

375.00

400.00

425.00

450.00

475.00

500.00

Source: Midlincoln

RiceIndia, Japan paid economic price for sanctions on Iran: RiceIE Panda Express Stirs Controversy With New Corn Fried Rice As ...Sri Lanka cuts cooking gas price, promises cheaper riceAnalysts predict increased rice price on CBN import restrictionFAO Global Rice Price Index Declines for Tenth Consecutive MonthDrought and China's rice deal send paddy price up by 1000 baht ...India's rice exports may drop by 20% in 2016: FAO

CBOT ROUGH RICE USD/CWT

2014­05­20

2014­08­13

2014­11­17

2015­02­25

2015­04­02

2015­05­11

2015­06­24

200.00

225.00

250.00

275.00

300.00

325.00

350.00

375.00

400.00

2014­05­20

2014­08­13

2014­11­17

2015­02­25

2015­04­03

2015­05­12

2015­06­25

9.00

10.00

11.00

12.00

13.00

14.00

15.00

16.00

Source: Midlincoln

SoybeansCorn And Soybeans Weekly Report: Prices Continue RecoverySoaked soybeans spur rebound from lowest price in 5 yearsUS Corn, Soybeans Rise on Smaller­Than­Expected Stockpiles ...Corn, Soybeans, Wheat Agricultural Commodities Price ForecastsUS Corn And Soybeans Weekly Report: Prices Jump Higher As ...Prices of soybeans and corn rise with rainfall

CBOT SOYBEANS USD/BU.

Source: Midlincoln

COCOACocoa Prices End Near 10­Month High; Coffee Jumps On Options ...Rising cocoa prices eat into chocolate barsCocoa Wavers Ahead of Demand Data; Cotton Gains on Higher ...Ghana Faces Huge Shortfall in Cocoa CropCocoa shortage could lead to increased chocolate pricesGhana's Inept Policies Driving Cocoa ShortageABN downbeat on cocoa, coffee prices, citing demand doubts

ICE COCOA USD/MT

2014­05­20

2014­08­13

2014­11­17

2015­02­25

2015­04­03

2015­05­12

2015­06­25

800.00

900.00

1,000.00

1,100.00

1,200.00

1,300.00

1,400.00

1,500.00

1,600.00

Source: Midlincoln

CoffeeStarbucks to push up cost of coffee | Business | M&GStarbucks Raises Prices Despite Declining Coffee CostsCoffee shops with high price tags reap the profits — while keeping ...UPDATE 1­Maxwell House, Yuban cut coffee prices by 5.8 pctKraft Heinz Cuts Maxwell House, Yuban Coffee Prices By 5.8%The company that sells Folgers and Dunkin' Donuts coffee is cutting ...You Won't Mind Paying More At Starbucks ... Right?

ICE COFFEE "C" USD/LB.

2014­05­20

2014­08­13

2014­11­17

2015­02­25

2015­04­02

2015­05­12

2015­06­25

2,600.00

2,800.00

3,000.00

3,200.00

3,400.00

3,600.00

2014­05­20

2014­08­13

2014­11­17

2015­02­25

2015­04­02

2015­05­12

2015­06­25

100.00

120.00

140.00

160.00

180.00

200.00

220.00

240.00

Source: Midlincoln

SugarWilmar takes temporary pricing off the table but tells growers 'door ...UP sugar crisis: Mills fail to pay 75% of arrears | Business Standard ...Sugar Price Falls; Cotton Rises Ahead of ReportSugar price hits 6­yr low as supply floods marketSugar industry on satyagraha over falling pricesSao Martinho favours sugar over ethanol ­ despite price outlooksSugar prices set to remain under pressure

ICE SUGAR #11 USD/LB.

Source: Midlincoln

CattlePrice, numbers are up for beef cattle in stateLower cash­price sentiment weakens CME live cattle futuresCalifornia gasoline prices rise further | Cattle NetworkMonday Market Sentiment: 5­Area price falls againCattle prices continue to soar but is there more hype than hard fact?Morning Farm Report: Hog prices up, cattle down MondayBMC: Cattle prices lowered for 2015 and 2016 in WASDE report

CME LIVE CATTLE USD/LB.

2014­05­20

2014­08­13

2014­11­17

2015­02­25

2015­04­02

2015­05­12

2015­06­25

10.00

12.00

14.00

16.00

18.00

20.00

Source: Midlincoln

HogsHigh on the Hogs for the FourthMorning Farm Report: Cattle prices start week up, hogs downCME Group expands lean hogs daily trading limits | ReutersHarper Government invests in study on hog pricingHog Outlook: Predicting market hog inventory up 8.5%CME: Hog Futures Experiencing Sharp SwingsHog Outlook: WASDE Increases Expected 2015 Pork Production

CME LEAN HOGS USD/LB.

Source: Midlincoln

2014­06­01

2014­08­20

2014­11­24

2015­02­27

2015­04­07

2015­05­14

2015­06­29

140.00

150.00

160.00

170.00

130.00

180.00

2014­06­01

2014­08­20

2014­11­24

2015­02­27

2015­04­07

2015­05­14

2015­06­29

60.00

80.00

100.00

120.00

140.00

40.00

Commodities Weekly midlincoln.com