Weekend Radio

August 29th, 2009 – Weekend Show – All Segments

Kevin Kerr
Segment 4 – Kevin Kerr opines on accuracy in economic reporting

Click here to download this MP3 audio segment

Watch Here….

http://watch.bnn.ca/trading-day/august-2009/trading-day-august-26-2009/#clip207523

To Kevin Kerr:

From Analyst Tony Haske – Amerifutures
Subject: sugar: extremely bullish
Fundamentally: Sugar remains bullish…India has been too dry, Brazil is too wet, Chinese demand is soaring while India has become a net importer rather than a net exporter…Technically the MACD shows a strong upward trend in place…our prediction Sugar will consolidate for a bit around 21 and then make a run for 40 or higher …farmers will respond at some point but will not affect market until 2011

Hurricane Season Arrives with a Bang!

Kevin Kerr, New York

“In my 20 years of trading commodities I have covered several hurricane seasons and seen the impact on the market, especially markets like energy and Orange Juice, 2009 will be no different. August and September are typically the most busy for the Atlantic season and the complacency of the last couple of years is concerning. After the disasters of Katrina and Rita we have had pretty quiet activity but we must remain vigilent. Now with several storms develpoing near and around the Gulf the potential for disaster is high. Disruption to shipping lanes can be significant and larger storms can destroy rigs, refineries and other key infrastructure. The OJ market as well will be tense as already reports of poor crop supplies and citrus disease like greening and canker (which are spread by high winds) may only get worse if these sotrms keep up, a very severe storm hitting Florida could destroy much of the remaining crop which is struggling anyway.” More reports daily as we head through storm season. Kevin Kerr, Editor of KerrCommoditiesWatch.com

Hurricane Bill gathers strength out in Atlantic

Buzz up!13 votes
SendSharePrint

AP – Erosion from the high tides of Tropical Storm Claudette is shown along the beaches of Destin, Fla. on …
Slideshow:Tropical Storms and Hurricanes
Play VideoVideo:Triple Threat; Ana, Bill and Claudette ABC News
Play VideoVideo:Ready or Not? FOX News
By JONATHAN M. KATZ, Associated Press Writer – 24 mins ago
PORT-AU-PRINCE, Haiti – The first hurricane of this year’s Atlantic season gathered force far out to sea Monday, while two weaker storm systems drenched the northeastern Caribbean and the Florida Panhandle with rain.
Hurricane Bill was expected to become a major storm in the next couple of days, with winds topping 110 mph (177 kph) as it moved on a track expected to be near Bermuda by the end of the week.
The storm is very large, with tropical winds extending out 200 miles, so Bermuda faced a potential threat even if the Atlantic island avoided a direct hit, said Nick Camizzi, a forecaster with the British territory’s weather service.
“We are keeping an eye on it for sure,” Camizzi said.
It was too soon to tell if Bill would threaten the eastern coast of the United States, said John Cangialosi, a meteorologist at the U.S. National Hurricane Center. It was not expected to threaten Florida.
“The system is certainly large and eventually will be a powerful hurricane,” Cangialosi said. But colder waters and wind shear could weaken it when it moves farther north.
What began as Tropical Storm Ana, the first named storm of the season, weakened into a tropical depression as it raced past the Leeward Islands, U.S. and British Virgin Islands and Puerto Rico, apparently moving too quickly to cause more than minor flooding.
But even as the system dissipated it posed a potential threat to Hispaniola, the island shared by Haiti and the Dominican Republic, where impoverished riverside communities are extremely vulnerable to flooding.
By early evening the storm was producing rains in the eastern Dominican Republic and parts of the central Cibao valley near Santiago, said Carlos Paulino of the Center for Emergency Operations in the Dominican capital, Santo Domingo.
Flood alerts were issued for 12 of the country’s 32 provinces and about 34 families were evacuated to shelters in the north as a preventative measure.
“As of now the rivers are rising above their normal levels, but nonetheless we do not have flooding, thank God,” Paulino said.
Officials in neighboring Haiti, devastated last year by four successive storms that killed some 800 people and caused $1 billion in damage, said they were relieved that Ana had weakened. But residents were warned to continue exercising caution around rivers and coastal areas.
In Puerto Rico, rain from Ana flooded highways in the capital, San Juan, and three schools closed as a precaution in the northern coastal city of Arecibo. The U.S. territory was expecting 2 to 4 inches of rain.
Ana was moving at a relatively fast pace, said Dave Roberts, a Navy hurricane specialist at the U.S. hurricane center. Although tropical storm watches were canceled for the storm Monday afternoon, Roberts said it could still be a big rain event for Haiti and the Dominican Republic, especially in higher elevations.
Along the Florida Panhandle, Tropical Storm Claudette quickly weakened after it made landfall at Fort Walton Beach, and was downgraded to a tropical depression with winds of about 30 miles per hour.
The storm wasn’t expected to cause significant flooding or wind damage as it moved northwest into Alabama and Mississippi.
A man in his mid-20s died after being pulled from surf as Claudette approached Sunday. In Bay County, authorities searched for another man whose boat ran aground Sunday night, though they believed he made it ashore. Neither man’s identity was released.
After the storm passed east of Pensacola Beach on Monday morning, joggers and tourists seeking sea shells dotted the beach.
Far out in the Pacific, Hurricane Guillermo weakened to a tropical storm with maximum sustained winds near 60 mph. Guillermo was centered about 695 miles east of Hilo, Hawaii, and moving west-northwest near 18 mph.
___
Associated Press writers Melissa Nelson in Pensacola and Kelli Kennedy in Miami contributed to this report.