Evening Market Report 2-3-12

February 3, 2012 in Energies, Financial, Grains, Livestock, Metals, Softs by Kyle Sheehan

EVENING MARKET REPORT FOR Friday, February 3, 12

SUGAR +.44 23.92                              WHEAT… -2-0 660-6s

COFFEE -.60 215.00                          CORN… +1-4 644-4s

COTTON +2.13 96.34s                     SOYBEANS +15-4 1232-4s

COCOA +111 2336                             SOY MEAL +5.2 328.6s

OR JUICE -2.55 201.45s                     SOY OIL +.46 51.65s

CRUDE OIL +1.48 97.84s                 GOLD -14.5 1744.8s

HEAT OIL +.0615 3.1144s                SILVER -.426 33.749s

NAT GAS -.055 2.499s                       COPPER +.1170 3.8980s

GASOLINE +.0455 2.9144s             PLATINUM +2.0 1631.9s

BRENT CRU +2.64 114.71                 PALLADIUM +1.20 708.85s

CATTLE -1.525 123.625s

LEAN HOG -.050 87.525s

F CATTLE -.925 154.450s

Prices as of 17:57

U.S. government figures released today show that nonfarm payrolls jumped 243,000 and the unemployment rate fell to 8..3 percent, its lowest such rate since February 2009. Investors used this news as a suggestion the U.S. economy was gaining strength, sending gold futures down. Gold futures suffered their worst one-day performance in over a month.

Crude and Brent Crude oil futures both rose off of what was perceived as positive U.S.

While the Labor Department’s figures displayed positive results, a look deeper into the figures may suggest otherwise. The “Labor Force” in the new jobs report shrunk by 1.2 million, a startling statistic that would mean the percentage of civilians in the labor force would be at an extremely low figure.