By Anna Louie Sussman | Reuters U.S. crude stocks fell more than expected last week even as refineries cut output, government data showed on Wednesday, but a build of 5 million barrels in combined inventories of gasoline and distillates raised questions about demand. Crude inventories fell 4 million barrels in the last week, data from [...]

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Morning Grains 7/23/14

On July 23, 2014 - 10:21 AM By

DJ China Dalian Grain Futures Closing Prices, Volume Soybean No. 1 Turnover: 212,288 lots, or 9.29 billion yuan Open High Low Close Prev. Settle Ch. Vol Open Settle Interest Sep-14 4,400 4,414 4,391 4,399 4,397 4,402 5 16,066 90,760 Nov-14 – – – 4,374 4,378 4,374 -4 0 170 Jan-15 4,345 4,388 4,338 4,338 4,336 [...]

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Morning Softs 7/23/14

On July 23, 2014 - 10:18 AM By

COTTON General Comments: Futures closed a little higher, helped in part from lower crop condition ratings from USDA. Demand remains a problem as China showed less imports in data released on Monday. Chinese imports were down in June and are lower on a year to date basis against last year. The lack of Chinese buying [...]

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Financials: Sept. Bonds are currently 5 higher at 138’23, 10 Yr. Notes 3 higher at 125’16 and the 5 Yr. Notes 2.5 higher at 119’10.2. Lack of any news or relief of Global tensions are keeping these markets in a tight range for the moment. We remain soread long 10 YR. Notes/short Bonds from the [...]

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Hot weather the past two days turns into autumn like weather to day after the rains last night. In the month of July? In the overnight electronic session the September Corn is currently trading at 360 which is ¼ of a cent lower. The trading range has been 361 to 359 ¼ and could be [...]

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If the American Petroleum Institute is any indication refiners continue to refine oil into product at a record pace. Cheaper domestic and higher yielding oil are leading to high margins for refiners that keep them running at a historic pace. What is more that even with that record pace the draw on US inventories are [...]

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Morning Grains 7/22/14

On July 22, 2014 - 3:32 PM By

DJ China Dalian Grain Futures Closing Prices, Volume Soybean No. 1 Turnover: 183,224 lots, or 7.98 billion yuan Open High Low Close Prev. Settle Ch. Vol Open Settle Interest Sep-14 4,336 4,413 4,334 4,406 4,338 4,397 59 36,506 93,216 Nov-14 – – – 4,378 4,320 4,378 58 0 170 Jan-15 4,316 4,361 4,303 4,358 4,322 [...]

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Morning Softs 7/22/14

On July 22, 2014 - 3:29 PM By

COTTON General Comments: Futures closed a little lowr, helped in part from weak demand data from China. Chinese imports were down in June and are lower on a year to date basis against last year. The lack of Chinese buying reflects in part the moves by the government to sell Cotton into the domestic market [...]

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In the overnight electronic session the September Corn is currently trading at 365 ½ which is 1 ½ cent higher. The trading range has been 366 to 363 so far. Weather is still a factor as we have severe thunderstorms forecasted tonight which will bring in cooler weather following this current heat dome and could [...]

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August crude is going off with a bang as violence in the Gaza strip and fears of Russian sanctions is coming ahead what some people fear will be a big drop in Cushing Oklahoma supply. Cushing Oklahoma of course is the delivery point for the West Texas Intermediate contract and we saw August crude go [...]

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By Moming Zhou | Bloomberg West Texas Intermediate crude rose to the highest in more than two weeks as strong refinery demand reduced U.S. inventories. Prices gained for a third time in four days. U.S. refineries operated at the highest rate in nine years in the week ended July 11, according to the Energy Information [...]

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Tomorrow, Tuesday, July 22nd is the Last Trading Day for the August Crude Oil in NY.   We ask that you do not wait until the last minute to exit this market. _____________________________________________________ Legend EH: Exchange Holidays | LT: Futures Last Trading Day | OE: Option Expiration Day FN: Futures First Notice Day | LN: Futures [...]

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