Morning Grains. 05/26/17

On May 26, 2017 - 12:44 PM By

Alerts History
• 25-May-2017 07:30:00 AM – IGC MAINTAINS FORECAST FOR 2017/18 WORLD CORN CROP AT 1.026 BILLION TONNES
• 25-May-2017 07:30:00 AM – IGC MAINTAINS FORECAST FOR 2017/18 WORLD WHEAT PRODUCTION AT 736 MILLION TONNES
IGC maintains forecasts for 2017/18 global corn, wheat crops – Reuters News
25-May-2017 07:30:00 AM

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Morning Softs. 05/26/17

On May 26, 2017 - 9:19 AM By

COTTON
General Comments: Cotton was mixed in quiet trading. The charts show July has now returned to the previous trading range. Trends are down, but futures are finding Support at current price levels, perhaps from mil price fixing. Cotton has become available to the market as the rally has brought Cotton into the cash […]

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This weekend as we go to barbecues and if you’re lucky boating, golfing and other activities. We must remember in especially this global climate of conflicts this is just the chance to remember those people who are putting their lives on the line so we can have recreation and sleep easy. God Bless our Men […]

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Why do you build us up with oil cuts baby, just to let us down and mess us around. And then worst of all, you don’t extend production cuts when you say you will, but supply will fall still. Shale needs you to keep on drilling, we have known that from the start. So cut […]

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Morning Grains. 05/25/17

On May 25, 2017 - 11:45 AM By

DJ U.S. Export Sales: Weekly Sales Totals – May 25
For the week ended May 18 in thousand metric tons, except cotton in
thousand running bales. Net changes in commitments are gross sales,
less cancellations, buy-backs and other downward adjustments. Total
commitments are total export shipments plus total sales.
The […]

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Morning Softs. 05/25/17

On May 25, 2017 - 10:03 AM By

COTTON
General Comments: Cotton was higher in recovery trading. It looks like the sellers decided to take the day off and futures were able to recover. The charts show July has now returned to the previous trading range. Trends are down. Cotton has become available to the market as the rally has brought Cotton […]

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[Daniel J. Graeber. UPI] The likelihood that parties to an OPEC-led effort to balance the market with production cuts stand pat on output left oil prices in the red early Thursday. Ministers assigned to a joint committee monitoring an agreement to sideline 1.8 million barrels per day to balance an oversupplied market left a meeting […]

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This morning we have Export Sales at 7:30 A.M., Initial Jobless Claims at 7:30 A.M. and EIA Gas Storage at 9:30 A.M. Which brings us to Scott Disavino of Thomson Reuters weekly poll with 22 analysts participating this week predicting injection builds of 65 bcf to 82 bcf with the median 71 bcf. This compares […]

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Is it time to play it safe? The Saudi oil minister Khalid Al-Falih said the safe bet coming out of the OPEC meeting today is a 9 month extension of the current 1.8 million barrels a day of OPEC and non-OPEC production cuts, yet the safe bet might not wow oil traders. Talk of an […]

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AgMaster Report 05/24/17

On May 24, 2017 - 2:12 PM By

JULY SOYBEANS The Brazilian  political upheaval  last week that sent the REAL plummeting – was a very bearish fundamental – implying more Brazilian exports & less US!  At the same time, the spike down on the charts on the day-of & then the sharp rally back – the next two days – seem to indicate […]

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Getting Gassed Up! [PRICE Links Video]

On May 24, 2017 - 1:50 PM By

Live with Patrick Dehaan Of Gas Buddy. Senior Analyst Phil Flynn discusses this year’s Annual Travel Study, gas prices, and the outlook for the summer driving season with Senior Petroleum Analyst Patrick Dehaan. 82% of people polled plan one driving trip this summer and 70% are planning two! Meanwhile headed into the holiday weekend, gas […]

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[Catherine Traywick, Bloomberg] President Donald Trump has proposed selling off more than half of the U.S. emergency oil stockpile, potentially putting more crude on the global market, even as OPEC works to prop up prices. A budget proposal released Tuesday includes a plan to sell 270 million barrels of oil from the Strategic Petroleum Reserve […]

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