Morning Grains Report 10/20/17

On October 20, 2017 - 1:09 PM By

Alerts History
• 20-Oct-2017 06:33:48 AM – U.S. EPA TELLS LAWMAKERS IT WILL KEEP RENEWABLE FUEL VOLUMES EQUAL OR GREATER TO PROPOSED VOLUMES – LETTER
• 20-Oct-2017 06:33:49 AM – U.S. EPA TELLS LAWMAKERS THAT IT WILL NOT PURSUE PLAN TO AWARD RENEWABLE FUEL CREDITS TO ETHANOL EXPORTS – LETTER
• 20-Oct-2017 […]

Continue Reading

Morning Softs Report 10/20/17

On October 20, 2017 - 1:06 PM By

COTTON
General Comments: Cotton was mostly a little lower despite a positive export sales report. The daily charts show the potential for prices to work lower as the harvest continues in the US. The weekly charts show down trends and the potential for futures to test strong support near 6500 December with an extension […]

Continue Reading

The volume in the markets speaks volumes (no pun intended). It just seems so quiet like the calm before the storm. Today’s reports are Existing Home Sales at 9:00 A.M. followed in the afternoon with Cattle on Feed and Milk Production at 2:00 P.M. Cassandra Garrison of Thomson Reuters reports that Argentine government planting estimates […]

Continue Reading

Is China headed for a ‘Minsky moment? One Chinese economist has warned that they could and that warning, along with some comments from a Russian oil company, seemed to slow what had been oil impressive oil rise ahead of today’s November Future expiration. Reuters wrote an article quoting a ”veteran but outgoing governor of China’s […]

Continue Reading

AgMaster Report 10/19/17

On October 19, 2017 - 2:13 PM By

NOV SOYBEANS Since Labor Day, Nov Beans have languished in a 50-cent range (940-985) – with offsetting fundamentals keeping it under wraps! (HARVEST, EXPORTS, SOUTH AMERICA, US DOLLAR, USDA REPORTS) – that is until last Thur when a basically neutral USDA crop report ignited the mkt upside & to its highest close since early August! […]

Continue Reading

Financials: Dec. Bonds are currently 15 higher at 153’16, 10 Yr. Notes 7 higher at 125’11.5 and 5 Yr. Notes 4.7 higher at 117’11.5. Turmoil in Spain over the question of Catalonian independence has traders seeking a safe haven in Treasuries this morning. In other news since last week, Pres. Trumps short list for Fed. […]

Continue Reading

Morning Grains Report 10/19/17

On October 19, 2017 - 9:47 AM By

DJ U.S. Export Sales: Weekly Sales Totals-Oct 19
For the week ended Oct 12, 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 marketing year […]

Continue Reading

Moring Softs Report 10/19/17

On October 19, 2017 - 9:21 AM By

COTTON
General Comments: Cotton was mixed, with nearby months a little lower and deferred months a little higher. The daily charts show the potential for prices to work lower as the harvest continues in the US. The weekly charts show down trends and the potential for futures to test strong support near 6500 December […]

Continue Reading

In yesterday’s trading session we saw the Dow Jones and NASDAQ reach new record highs and record close. The market is seeing some heavy selling pressure in the overnight electronic session. This is not a correction but a mere selloff and as we weighed on the 30 anniversary of the 1987 Stock Market crash when […]

Continue Reading

Morning Grains Report 10/18/17

On October 18, 2017 - 12:42 PM By

WHEAT
General Comments: Wheat markets were slightly lower again yesterday as the market worried about demand for the US production. Export demand was weak in the reports last Friday, and traders worry about the strong competition from Russia. Australian prices have moved lower after recent rains and Australian competition could start to hurt US […]

Continue Reading

Morning Softs Report 10/18/17

On October 18, 2017 - 10:38 AM By

COTTON
General Comments: Cotton was higher in consolidation trading. The daily charts show the potential for prices to work lower now, and the trade yesterday did nothing to change this. The weekly charts show down trends and the potential for futures to test strong support near 6500 December with an extension possible to about […]

Continue Reading

This morning we start of the Day with Housing Starts & Permits at 7:30 A.M., EIA Energy Stocks at 9:30 A.M., and Dairy Product Sales at 2:00 P.M. and the release of the Beige Book and more earnings. On the Crude Oil front the geo-political factor is back in play with rising tensions between Iraq’s […]

Continue Reading