From the daily archives: Tuesday, March 28, 2017

[Myra Saefong, MarketWatch] Oil prices climbed Tuesday, buoyed by disruptions to Libyan crude production and talk of a six-month extension to an OPEC-led pact to limit global output. May West Texas Intermediate crude oil CLK7, +1.93% —the U.S. benchmark—traded 43 cents, or 0.9%, higher at $48.16 a barrel on the New York Mercantile Exchange, after […]

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Morning Grains 03/28/17

On March 28, 2017 - 11:24 AM By

DJ USDA Grain Inspections for Export in Metric Tons – Mar 27
Source: USDA
COUNTRY OF DESTINATION IS REPORTED AS KNOWN AT THE TIME OF EXPORTATION.
INFORMATION CONTAINED IN THIS REPORT REFLECTS EXPORTED GRAIN INSPECTED AND
WEIGHED THROUGH GIPSA’S AUTHORITY UNDER THE U.S. GRAIN STANDARDS ACT.
NO ADDITIONAL ANALYSIS, COMPILATIONS […]

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Morning Softs 03/28/17

On March 28, 2017 - 11:23 AM By

COTTON
General Comments: Cotton futures closed lower on what appeared to be speculative long liquidation. The selling is coming before the USDA reports at the end of the week that will likely show the potential for a big US crop. Export demand has remained strong and has been stronger than expected by USDA and […]

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Keeping the promise of reversing the Keystone Pipeline ban President Trump is poised to sign an order with sweeping away the last administrations climate policies that were unfriendly to the Oil Industry, a jobs killer and bad for the economy who’s GDP could not grow past 3% percent which is anemic. Reuters released some of […]

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Dove. The Energy Report 03/28/17

On March 28, 2017 - 7:54 AM By

Dovish comments from the Chicago Fed President Charles Evans, give oil a bit of a boost offsetting worries about President Trump’s failed Healthcare Reform Act vote. The Fed may have President Trumps back. After speaking at a conference in Madrid, Spain, the Chicago Fed president signaled that perhaps the Fed might not raise rates as […]

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Oil Futures End Mixed Monday

On March 28, 2017 - 7:12 AM By

[George Orwell, DTN Energy][3/27/17] New York Mercantile Exchange spot-month oil futures settled mixed Monday afternoon after the West Texas Intermediate and ULSD contracts tested last week’s lows amid concern over increasing U.S. crude production. Talk that the Organization of the Petroleum Exporting Countries is now open to extending their oil production cuts through the rest […]

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