Low secondary feedgrain prices & dryness ups corn, beans & cotton area. View report by clicking here (PDF). Jerry Gidel 141 West Jackson Blvd., Suite 1340A, Chicago, Illinois 60604
312 264 4369 (Direct) | 800 769 7021 (Main) | 312 264 4399 (Fax)
www.pricegroup.com Member NIBA, NFA Past results are not necessarily indicative […]

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Morning Grains. 06/26/17

On June 26, 2017 - 12:04 PM By

WHEAT
General Comments: US markets were lower Friday in Chicago Winter Wheat markets on ideas of improving crop conditions in the Great Plains. Minneapolis was higher. There was talk that better quality Wheat was being harvested in Kansas, and this appears to be true in some areas. Other areas, though, are still reporting poor […]

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Morning Softs. 06/26/17

On June 26, 2017 - 10:20 AM By

COTTON
General Comments: Cotton was a little higher on Friday, but sharply lower for the week. Futures held Support areas on the charts, but not much more. It looks like a new leg down is possible and that the bear trend should stay intact. It might take a weather scare to get this market […]

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The Kansas Wheat Harvest Reports after 10 days of harvesting looking at positive signs with yields so far which did pressure the Wheat market in the overnight electronic session. Soybeans, Meal and Soybean Oil were all higher with Corn. This story brought to you by the Kansas Wheat Commission, Kansas Association of Wheat Growers and […]

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Drying Up. The Energy Report 06/26/17

On June 26, 2017 - 7:40 AM By

Oil prices are bouncing back as the selling is drying up and so is the investment in the shale oil patch. Net longs for oil have reached a low for the year and reports of a pullback in investment in shale oil should be raising some concerns. Even as Baker Hughes Inc. reported that producers […]

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As a reminder….Today is the First Notice Day for the July ICE Cotton.  Anyone LONG the July ICE Cotton that morning will be at risk of taking delivery.  To avoid the risk, please roll or liquidate your July ICE Cotton LONG positions prior to the close of business today! Wednesday, June 28th is the Last […]

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Weather forecast calling for cooler temperatures and rains which got the bears rolling in yesterday’s action. Exports slowed a tad but at the pace they were moving one could not expect to ride that wave forever. And with the South American crop called very favorable there are not a lot of key bullish factors that […]

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Downgraded! The Energy Report 06/23/17

On June 23, 2017 - 7:49 AM By

If shale is so good then why are the oil stocks so bad. Downgrades across the energy sector raises real questions about the ability of shale producer to operate with prices in the low $40s. It also questions the perception that shale operators have become so efficient that they can operate at almost any price. […]

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We kickoff the trading day with Export Sales and Initial jobless Claims at 7:30 A.M. EIA Gas Storage at 9:30 A.M. and the Cold Storage report at 2:00 P.M. With the weekly EIA Gas Storage report out today and damage assessments from Tropical Storm Cindy we will star out talking Natural Gas. The weekly Thomson […]

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Financials: Sept. Bonds are currently 6 lower at 156’10, 10 Yr. Notes 1.5 lower at 126’20 and 5 Yr. Notes unchanged 118’09.5. Over the last week Bonds have worked higher while the 5 & 10 Yr. worked lower narrowing the yield curve. The interest rate on the 30 Yr. Bond is now at a 7 […]

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Crude oil prices have plunged far below what the oil fundamentals might suggest and even hardened bears are starting to question this selling madness. The price drops and current levels will destroy the myth that U.S. oil production will rise regardless of the price and we are already seeing downgrades of those energy stocks across […]

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[Brian K. Sullivan, Bloomberg] Tropical Storm Cindy has halted service at a major oil terminal in the Gulf of Mexico, prompted some evacuations at rigs and platforms and put states from Texas to Florida on notice for life-threatening floods. Cindy was 200 miles (322 kilometers) southeast of Galveston, Texas, with top winds of 60 miles […]

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