BY ROBERT GIBBONS | Reuters Oil prices fell 2 percent on Tuesday as the dollar’s sharp rally weighed on dollar-denominated crude oil futures along with concerns that a recent rally might keep U.S. producers active. The U.S. dollar index rallied as Greece’s financial crisis and signs of increasing opposition to austerity in Spain pressured the [...]

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Morning Grains 5/26/15

On May 26, 2015 - 11:16 AM By

WHEAT General Comments: Futures moved higher on weather concerns. This market remains a weather market, with fears of production and quality losses in the central and southern Great Plains and Midwest providing price support. Current forecasts call for a lot of rain to the south, and some quality could be damaged. It has been a [...]

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Morning Softs 5/26/15

On May 26, 2015 - 11:05 AM By

COTTON General Comments: Futures closed lower as the US Dollar turned sharply higher. The market seems as interested in the economic data and macro markets as much as anything else these days. Traders will be interested in the planting progress reports that come out this afternoon and should show slow progress. Short term trends have [...]

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Tomorrow, Wednesday, May 27th is the Last Trading Day for ALL the May Metals (GC, SI, HG, PL, PA, MG, YG, YI, ZG, ZI).  It is also the Last Trading Day for the June Natural Gas in NY. The June Nat Gas stops trading at 1:30pm Chicago time.  The May Metals stop trading at their [...]

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Financials: June Bonds are currently 27 higher at 154’20, 10 Yr. Notes 9.5 higher at 127’18.5 and 5 Yr. Notes 3.5 higher at 119’24.5. Sept. Bunds are 65 higher at 154.18. Janet Yellens talk last Friday can be interpreted as saying the Fed will not raise rates in June but the possibility exists that rates [...]

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As I did my Memorial Day tour of Northern Illinois and Southern Wisconsin I saw firsthand how plantings are way ahead of schedule. The Corn is done as far as plantings but the progress in Soybeans really impressed me. This leads to a weather market in the early going. In the overnight electronic session the [...]

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Oil Prices are fighting exceptional strength in the dollar as fears about a Greece default rise, hotter than expected core CPI number that seems to be taking precedent over falling U.S. rig counts that fell for a historic 24 weeks in a row. Maybe it is because Baker Hughes reported that the rig count cut [...]

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The following CME Group margins are changing at the close of business today: For additional Performance Bond Requirements on Agriculture, Electricity, Environmental, Equity Index, Ethanol, Metals, and Natural Gas Outrights; Agriculture, Crude Oil, Ethanol, and Interest Rates Intra-Commodity Spread Charges, go to: http://www.cmegroup.com/tools-information/lookups/advisories/clearing/files/Chadv15-139.pdf _____________________________________________________ Legend EH: Exchange Holidays | LT: Futures Last Trading Day | [...]

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Wednesday, May 27th is the Last Trading Day for ALL the May Metals (GC, SI, HG, PL, PA, MG, YG, YI, ZG, ZI).  It is also the Last Trading Day for the June Natural Gas in NY. The June Nat Gas stops trading at 1:30pm Chicago time.  The May Metals stop trading at their normal [...]

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Morning Grains 5/22/15

On May 22, 2015 - 11:13 AM By

DJ China Dalian Grain Futures Closing Prices, Volume Soybean No. 1 Turnover: 117,382 lots, or 5.07 billion yuan Open High Low Close Prev. Settle Ch. Vol Open Settle Interest Jul-15 4,225 4,280 4,184 4,279 4,229 4,257 28 22 20 Sep-15 4,295 4,328 4,275 4,295 4,295 4,305 10 100,330 140,030 Nov-15 – – – 4,369 4,359 [...]

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CBS Chicago | You’ll find you’re paying more for gasoline when you hit the road this holiday weekend. You’ll also find more of something else during your travels, CBS 2’s Jeremy Ross reports. Regular unleaded is $3.04 a gallon in Chicagoland. The national average is $2.73, according to AAA Motor Club. The cost, of course, [...]

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Morning Softs 5/22/15

On May 22, 2015 - 9:59 AM By

COTTON General Comments: Futures closed lower after failing to penetrate the highs of Wednesday. The US economic news was positive, but export sales were just solid and not super strong. Short term trends have turned down as the US crop gets planted. However, planting progress will be slow as rains are expected to return to [...]

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