General Comments: Cotton futures closed a little lower despite US Dollar weakness. The USDA reports last week were negative as they showed a lot of Cotton here in the US and around the world. Futures have rallied significantly in the last several weeks, but now the market is taking a rest. Traders will […]
DJ USDA Grain Inspections for Export in Metric Tons – Jan 17
COUNTRY OF DESTINATION IS REPORTED AS KNOWN AT THE TIME OF EXPORTATION.
INFORMATION CONTAINED IN THIS REPORT REFLECTS EXPORTED GRAIN INSPECTED AND
WEIGHED THROUGH GIPSA’S AUTHORITY UNDER THE U.S. GRAIN STANDARDS ACT.
NO ADDITIONAL ANALYSIS, COMPILATIONS […]
Metals: Gold and silver pushed to their almost exact resistance points as the Fed is backtracking on the timing of interest rate hikes. Copper pushed to the top of its range but I would wait for lower action there to buy. Gold; The Fed will raise rates again, but probably not until at least the […]Continue Reading →
Mark Shenk & Grant Smith, Bloomberg. Oil dropped in New York, reversing earlier gains, after the head of the International Energy Agency predicted a rebound in U.S. supply. Futures fell as much as 2.4 percent after IEA Executive Director Fatih Birol said that higher oil prices will trigger a “significant” boost in U.S. shale output as […]Continue Reading →
Hard rains over the weekend flooded Argentina’s key Soybean growing areas and more rains are forecasted on Friday. This propelled the Grain complex in yesterday’s trading session. The market seems to have calmed down in the overnight electronic session waiting for confirmation of strength and further damage the next storm may produce in key Soybean […]Continue Reading →
Crude oil prices gave up gains after hitting a three-week high only to succumb to worries about rising shale output and stability in the dollar. Oil retreated as the Energy Information Administration released a report late in yesterday’s session that said U.S. shale output could rise by 41,000 barrels a day in the month of […]Continue Reading →
The Grain complex marched higher with the exception of the Kansas City Wheat and the Minneapolis Wheat. This Morning we will have Exports Sales at 10:00 A.M. and NOPA Crush at 11:00 A.M. Hopefully exports will continue the bullish sentiment with plenty of stockpiles to move. In the overnight electronic session the March Corn is […]Continue Reading →
Donald Trump advisor Anthony Scaramucci, the founder of SkyBridge Capital, warns of a strong dollar and the dollar drops hot inflation data in the UK has commodities going crazy. Big bullish swings in soybeans, gold and oil and a pop and drop in copper suggests that we could see a big run in many commodity […]Continue Reading →
DJ CBOT Delivery Intentions: Totals – Jan 13
Source: CME Group
Contract Quantity Next Trade
Commodity Month Delivery Day Assigned Today Date Available
SOYBEAN MEAL January Jan. 17, 2017 203 Jan 12, 2017
SOYBEAN OIL January Jan. 17, 2017 93 Jan 12, 2017
ROUGH RICE January Jan. 17, 2017 […]
General Comments: Cotton futures closed lower in reaction to the USDA reports. USDA showed increased production against ideas of mostly stable production for the US. The big increase was seen in Texas. USDA also showed increased production potential for China. Export demand was increased, but not enough to offset the increased production, so […]
No Gomer Pyle intended however yesterday’s Grain reports did take a lot of traders and investors looking in the rearview mirror and asking “what did I miss?” The shift in carryover and exports left some traders with their pants down. As bullish of a report it was for Soybeans and Wheat this morning’s action is […]Continue Reading →
Oil prices had a solid rally on evidence of OPEC production cuts and strong China demand. And while there are predictions for more record breaking demand in China, the new year is bringing disturbing Chinese export data and more tightening of capital controls and is rising some concerns about the trajectory of growth in the […]Continue Reading →
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