From the daily archives: Thursday, March 23, 2017

[Daniel J. Graeber, UPI] Crude oil prices drifted lower in early Thursday trading as investors remained cautious about U.S. economic trajectory ahead of a pivotal vote on health insurance. Crude oil prices faced lingering pressure in the previous session on signs of ongoing supply-side pressures despite efforts by the Organization of Petroleum Exporting Countries to […]

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Morning Grains. 03/23/17

On March 23, 2017 - 10:31 AM By

DJ USDA Cold Storage: Totals-Mar 22
WASHINGTON (Dow Jones)–U.S. stocks of pork bellies in freezers
totaled 16.152 million pounds, in February, 15.4% above the previous
month, but 73.7% below February 2016, the U.S. Department Agriculture
said Wednesday.
In thousand pounds.
public
Feb 28 Jan 31 Feb 29 Jan […]

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Morning Softs. 03/23/17

On March 23, 2017 - 9:36 AM By

COTTON
General Comments: Cotton futures closed higher after holding Support on the daily charts. The market was anticipating another strong week of export demand. Cotton remains mostly a demand story as US export demand has been stronger than any trade expectations so far this year. The demand for US Cotton remains solid despite the […]

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As the government rampage of left versus right we must have the wisdom that the left hand should know what the right hand is doing. The markets are trading on Free Markets for Free Men. And the cowardly actions of yesterday’s terrorist attack on the U.K. Parliament just go to show there is no sanctuary […]

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Crude oil prices recovered after another shocking increase in oil inventory after traders started to focus on the fact that refiners are beginning the long road out of seasonal maintenance. The 5.0-million-barrel crude supply increase was driven by a huge 902,000-barrel increase in crude imports mainly from Canada of all places and a slight 20,000 […]

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[Myra P. Saefong and Victor Reklaitis, MarketWatch via Morningstar] EIA data show hefty rise in U.S. crude, drop in gasoline supplies Oil prices on Wednesday finished lower as U.S. government data showed crude stockpiles at a record, but a larger-than-expected decline in gasoline inventories capped losses. Expectations of higher demand for gasoline during the summer […]

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[By Daniel J. Graeber, UPI] The price for Brent crude oil is threatening to dip below the psychological level of $50 per barrel. March 22 (UPI) — Questions about Trump-era economic trends and concerns about a glut of oil in the market pushed crude oil prices sharply lower in early Wednesday trading. S&P Global Platts […]

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AgMaster Report 03/22/17

On March 23, 2017 - 6:35 AM By

MAY SOYBEANS The month of Mar for the May Bean contract has been dominated by bearish supply concerns- primarily the record Brazilian harvest currently underway! And on top of that is a US Bean crop predicted to be 4-5 million more acres than 2016! The net result is a mkt down 35 for the month […]

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