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Rich Asplund

Wed, May 15th, 2024

Rich Asplund

Rich Asplund

Richard is an investment analyst covering the global financial, equity, commodity, and clean energy markets.  Richard is the author of Profiting from Clean Energy: A Complete Guide to Trading Green in the Solar, Wind, Ethanol, Fuel Cell, Carbon Credit Industries, and more (Wiley, 2008) and is the contributing author of The CRB Commodity Yearbook (Wiley, 2003 through 2021) and The CRB Encyclopedia of Commodity and Financial Prices (Wiley, 2006, 2009).  Richard has been interviewed on CNBC, Fox, Bloomberg TV, Japanese NHK TV, and National Public Radio, and has been quoted in print publications such as Dow Jones, Reuters, USA Today, Newsweek and others.

Most Recent Stories

Crude Prices Settle Higher as the Dollar Weakens and EIA Inventories Decline

June WTI crude oil (CLM24 ) on Wednesday closed up +0.61 (+0.78%), and June RBOB gasoline (RBM24 ) closed up +3.72 (+1.51%). Crude oil and gasoline prices rebounded Wednesday from 2-1/2 month lows and...

CLM24 : 78.84 (+1.05%)
RBN24 : 2.4900 (+1.57%)
Sugar Prices Pressured by Strong Brazil Sugar Production

July NY world sugar #11 (SBN24 ) on Wednesday closed down -0.22 (-1.17%), and Aug London ICE white sugar #5 (SWQ24 ) closed down -10.70 (-1.93%). Sugar prices on Wednesday settled moderately lower but...

SBN24 : 18.65s (-1.17%)
SWQ24 : 542.30s (-1.93%)
Cocoa Prices Close Sharply Higher on Recovery After Monday's Plunge

July ICE NY cocoa (CCN24 ) on Wednesday closed up +521 (+7.12%), and July ICE London cocoa #7 (CAN24 ) closed up +405 (+6.59%). Cocoa prices on Wednesday settled sharply higher on ideas that this week's...

CCN24 : 7,843s (+7.12%)
CAN24 : 6,554s (+6.59%)
Coffee Prices Post Moderate Losses as ICE Coffee Inventories Rebound

July arabica coffee (KCN24 ) on Wednesday closed down -1.45 (-0.72%), and July ICE robusta coffee (RMN24 ) closed down -31 (-0.90%). Coffee prices today posted moderate losses on a rebound in ICE coffee...

KCN24 : 199.40s (-0.72%)
RMN24 : 3,402s (-0.90%)
Sugar Prices Retreat as Brazil Ramps Up Sugar Production

July NY world sugar #11 (SBN24 ) this morning is down -0.19 (-1.01%), and Aug London ICE white sugar #5 (SWQ24 ) is down -8.80 (-1.59%). Sugar prices this morning are moderately lower but remain above...

SBN24 : 18.65s (-1.17%)
SWQ24 : 542.30s (-1.93%)
Cocoa Prices Recover More of This Week's Plunge

July ICE NY cocoa (CCN24 ) this morning is up +559 (+7.63%), and July ICE London cocoa #7 (CAN24 ) is up +401 (+6.52%). Cocoa prices this morning are sharply higher on speculation that this week's price...

CCN24 : 7,843s (+7.12%)
CAN24 : 6,554s (+6.59%)
Coffee Prices Under Pressure as ICE Coffee Inventories Rebound

July arabica coffee (KCN24 ) this morning is down -2.20 (-1.10%), and July ICE robusta coffee (RMN24 ) is down -53 (-1.54%). Coffee prices this morning are posting moderate losses on a rebound in ICE coffee...

KCN24 : 199.40s (-0.72%)
RMN24 : 3,402s (-0.90%)
Crude Recovers Early Losses on Dollar Weakness and a Fall in EIA Inventories

June WTI crude oil (CLM24 ) today is up +0.11 (+0.14%), and June RBOB gasoline (RBM24 ) is up +2.53 (+1.03%). Crude oil and gasoline prices rebounded from 2-1/2 month lows and are slightly higher. Crude...

CLM24 : 78.84 (+1.05%)
RBN24 : 2.4900 (+1.57%)
S&P 500 and Nasdaq 100 Rally to Record Highs on Fed-Friendly Economic Reports

The S&P 500 Index ($SPX ) (SPY ) this morning is up +0.70%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.54%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.79%. US stock indexes this morning...

$SPX : 5,303.75 (+1.09%)
SPY : 529.35 (+1.16%)
$DOWI : 39,851.86 (+0.74%)
DIA : 398.91 (+0.84%)
$IUXX : 18,602.44 (+1.53%)
QQQ : 452.83 (+1.55%)
ZNM24 : 109-225 (+0.56%)
DHI : 156.94 (+6.04%)
BLDR : 172.09 (+1.40%)
TOL : 134.66 (+5.72%)
LEN : 170.44 (+5.00%)
PHM : 122.01 (+5.02%)
Dollar Slumps and Gold Rallies on Fed Rate Cut Hopes

The dollar index (DXY00 ) today is down by -0.26% and dropped to a 5-week low. Today’s US economic reports were dovish for the Fed and weighed on the dollar. Today’s rally in the S&P 500 to a record...

DXY00 : 104.349 (-0.63%)
^EURUSD : 1.08798 (+0.56%)
^USDJPY : 154.986 (-0.92%)
GCM24 : 2,391.2 (+1.33%)
SIN24 : 29.955 (+4.37%)

Author Links

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Michael Burry is back! This time he’s loading up on $10 million worth of physical gold $PHYS https://t.co/GilsdgaDZR
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Credit Card Delinquencies rise to highest level in more than a decade 👀 https://t.co/xjofsQqlDJ
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Greed returns to the Stock Market for the first time since April 11! Yesssss, we did it 🥳🤑🫰 https://t.co/q5NbyGH61y
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Nvidia $NVDA surging to highest price since March https://t.co/RAcT4K6ygi
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Come on WSJ, don't do this to Buffett 😂 https://t.co/kNM77R8kKO
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S&P 500 $SPX hits all-time high 🚨 https://t.co/h3obRYHDtM
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BREAKING 🚨: GameStop $GME now down more than 30% on the day https://t.co/A3XneF0dLB https://t.co/fmLBGXUe4Y
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Ooops 🤦‍♂️😂 https://t.co/iWVJwHxiS3
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U.S. Dollar Index $DXY falling to its lowest level in more than a month https://t.co/iHtBAf93M7
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AMC Entertainment $AMC options volume is still well short of what it was during the 2021 Meme Mania https://t.co/vjQ2MxZqAj
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