Commodity Risk Economic Calendar – 5th-9th March

(All times GMT):

Tuesday 6th March

03:30 – Australian interest rate decision: Interest rates are expected to remain unchanged at 4.25%.

Wednesday 7th March

00:30 – US ADP Nonfarm Employment Change: Employment forecast to rise by 205k in the latest report, up from 170k in the previous month. Latest report available here.

15:30 – EIA Crude Oil Market Report: The EIA (Energy Information Administration) will publish its weekly report on the U.S oil and petroleum market for the week ending on March 2nd.

Thursday 8th March

13:30 – US initial jobless claims: Jobless claims are forecast at 350k in the past week, down from 351k the previous week.

Friday 9th March

01:30 – Chinese inflation: CPI is forecast to drop from 4.5% in January to 3.6% in February. Last month inflation was 0.5% above the markets expectation so this months reading will be closely watched for signs of room for manoeuvre for fiscal and monetary policy. The report can be found here. Inflation higher than expected is likely to be bearish for commodities, cotton in particular.

chinese cpi chart

TBC – OPEC Monthly Report

TBC – USDA Agricultural Supply and Demand Estimates. Closely watched by the cotton market for indications of the impact of drought on plantings in Texas.

13:30 – US non farm payrolls: Forecast to drop from 243k last week to 210k this week. Latest report can be found here.

13:30 – US unemployment rate: Forecast to be unchanged at 8.3%.

20:30 Commitment of Traders report: Data from CFTC provides a breakdown of the previous Tuesday’s open interest and net direction of bets. Latest report will be available here. and crude and cotton charts here.

For more detailed information please see the Economic Calendar and for daily commentary on events in crude and cotton futures markets visit our Market Commentary section.

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