Morning Softs. 04/26/17

On April 26, 2017 - 1:06 PM By

COTTON
General Comments: Cotton was mostly higher again, with May the strongest month. It was a more impressive trading days as futures recovered in a big way from early losses. The strength in May was a surprise as the deliveries so far this month have been strong. The mil call fixing against May is […]

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Morning Grains. 04/26/17

On April 26, 2017 - 1:03 PM By

DJ Table of China March Oilseed, Vegoil, Grain Imports
Table of Imports by Grain, Oil Type and Origin
(All figures in metric tons)
Mar Change Jan-Mar Change
in Tons on Year in Tons on Year
Wheat
Total 502,117 +140.49% 1,069,439 +92.25%
Australia 234,601 +130.35% 624,264 +128.70%
USA […]

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The Grain complex has been completely under pressure and the old adage of rain makes grain and the thoughts of this rainy storms across the South, Plains and Mid-West will keep the farmers out of the fields. But guess what. The beautiful weather we have experienced the last couple of days had farmers in the […]

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The oil trade has become tedious with a bigger dose of monotonous heaped inside. Not even another conflict with Iran or a drawdown in oil inventory could wake this boring market up out of its tedious movements. Perhaps that may change as the dollar is springing back to life and we get oil inventories and […]

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Morning Grains. 04/25/17

On April 25, 2017 - 1:22 PM By

Crop Progress
Date 23-Apr 16-Apr 2016 Avg
Cotton Planted 11 8 10 12
Corn Planted 17 6 28 18
Corn Emerged 4 4 4
Soybeans Planted 6 3 3
Sorghum Planted 24 21 19 23
Rice Planted 69 55 60 47
Rice Emerged 45 25 35 30

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Morning Softs. 04/25/17

On April 25, 2017 - 9:55 AM By

COTTON
General Comments: Cotton was mostly higher again, with May the strongest month. It looked like some short covering before the deliveries get started today. The strength in May was a surprise as the mil call fixing should be completed by now. The mills did not price sales from producers at cheaper levels and […]

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Even with exports at a great pace and weather not cooperating in this early part of the planting season, investors believe whatever drama the U.S. Farmer faces we will still see record crops and the futures markets are showing it. Argentina and Brazil’s record crops are painting a gloomy picture to prices for Farmers regardless […]

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Crude oil prices are dead with rig-or mortis or the adding of oil rigs weigh on market sentiment. Shale producers are expected to continue leverage up to the hilt with some producing the type of oil that no one really wants with hope that prices do not crash and drive them into bankruptcy. The confidence […]

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As a reminder…Wed, Apr 26th is the Last Trading Day for ALL the April Metals (Gold, Silver, Copper, Platinum, Palladium, COMEX 1000oz Silver, eMICR Gold, ICE Mini Gold & Mini Silver).  We ask that you do not wait until the last minute to exit any of the April Metals. Wed, Apr 26th is also the […]

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Morning Grains. 04/24/17

On April 24, 2017 - 10:13 AM By

DJ Summary for April USDA Monthly Cattle on Feed Data
Data from the U.S. Department of Agriculture’s monthly cattle-on-feed report, released at 3 p.m. ET Friday, and analysts’ estimates as compiled by the Wall Street Journal.
Numbers USDA’s Average Range
2017 2016 estimated of analysts’ of analysts’
% of prev yr […]

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Morning Softs. 04/24/17

On April 24, 2017 - 10:10 AM By

COTTON
General Comments: Cotton was mostly higher again on Friday, but May was lower before the deliveries start the next week. The mills finally covered on call positions that they made in the cash market and this buying interest was not seen on Friday as had been seen for much of last week. The […]

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The minions have spoken and the corrupt politicians should soon get an education that they cannot continue to bamboozled the voters they were elected to represent. This is a warning that taxation without representation will not be tolerated and will not be forgotten as they think we are too stupid to remember. Raising taxes at […]

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