From the daily archives: Monday, March 20, 2017

[Allen Sykora, Kitco News] Large speculators exited from bullish gold positions in the run-up to last week’s Federal Reserve meeting, weekly positioning data from the Commodity Futures Trading Commission show, but analysts say these traders are likely already returning to gold again. The most recent CFTC report is for the week through March 14, the […]

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Record exports & crush continue, but trade eyes S. Am crops. Market analysis report from Senior Grain Strategist Jerry Gidel. 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 […]

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Morning Grains. 03/20/17

On March 20, 2017 - 10:21 AM By

WHEAT
General Comments: Wheat closed slightly higher on Friday and near the highs of the week. It was a strong week as futures markets held support areas. Follow through buying this week could imply that a major low has been found and that a new up trend is underway that could push nearby Chicago […]

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As a reminder…Tomorrow, Tuesday March 21st is the Last Trading Day for the NYMEX April Crude Oil in NY.  We ask that you do not wait until the last minute to exit your NYMEX April Crude Oil positions. Wed, March 22nd is the Last Trading Day for the March 30Yr Bonds, 10Yr Notes, Ultra Bonds […]

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Morning Softs. 03/20/17

On March 20, 2017 - 9:50 AM By

COTTON
General Comments: Cotton futures closed higher on Friday and higher for the week. The weekly charts show that the current up trend is now one year old and the move higher shows no sign of abating. Traders anticipate that future could son trade above 8000 May to perhaps 8200 or 8300 May. Cotton […]

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The first day of spring is here and Opening Day for baseball is not far away. What a glorious time. This morning we have Export Inspections at 10:00 A.M. and Milk production in the afternoon at 2:00 P.M. And the Grains are off to good start this morning mostly trading higher. The May Corn is […]

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While many are focused on the meteoric rise in the U.S. oil rig count, one must wonder why the Canadian oil rig count plummeted last week. There are headlines that read the increase in the U.S. rig count increased for the ninth time in a row by 14. Yet in Canada the oil rig count […]

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