From the daily archives: Wednesday, April 5, 2017

Morning Grains 04/05/17

On April 5, 2017 - 12:16 PM By

DJ Food Makers Push For Chicago As Global Food Hub — Market Talk
17:46 ET – Food and agriculture companies based in Chicago met today to discuss efforts to bring in more businesses, as well as law firms, banks and marketing agencies that support the food sector. “We want to invest in food and […]

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[William Watts, MarketWatch] Oil futures struggled to maintain gains Wednesday after government data showed an unexpected rise in U.S. crude inventories, disappointing bullish traders looking for signs of shrinking stockpiles. Crude oil for May delivery CLK7, +0.31%  was up 9 cents, or 0.2%, at $51.12 a barrel, but well off a session high of $51.88. […]

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[Daniel J. Graeber, UPI] Hess started its migration from the retail sector with a $2.6 billion sale to Marathon. The pipeline unit of Hess Corp. said Wednesday it was expecting a share price for the initial public offering at $23 per common unit. Hess Midstream Partners announced the offering price for more than 14 million […]

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[Gillian Rich, Investor’s Business Daily] l prices and energy stocks pared gains Wednesday after government data showed a surprise increase in U.S. oil inventories and a continued rise in production. The Energy Information Administration said stockpiles grew by 1.6 million barrels last week. Gasoline inventories fell by 600,000 barrels and distillate fuel inventories declined by […]

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Morning Softs 04/05/17

On April 5, 2017 - 11:49 AM By

COTTON
General Comments: Cotton futures closed lower once again and broke some nearby Support areas on the charts. Trends have turned down again. It looks like production can increase sharply this year as US farmers plan to plant much more Cotton than they did last year. Planting is underway and planted area could be […]

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The following  CME Group margins are changing at the close of business today:   http://www.cmegroup.com/notices/clearing/2017/04 _____________________________________________________ Legend
EH: Exchange Holidays | LT: Futures Last Trading Day | OE: Option Expiration Day
FN: Futures First Notice Day | LN: Futures Last Notice Day | FD: Futures First Delivery Date
LD: Futures Last Delivery […]

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Crude Draw. The Energy Report 04/05/17

On April 5, 2017 - 7:48 AM By

The biggest crude oil draw of the year and drops in gas and distillate supply is signaling that the global oil market is already in balance. The American Petroleum Institute (API) reported that crude oil inventory fell by 1.3 million barrels last week. This came even as supply in Cushing, Oklahoma increased by 300,000 barrels […]

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Today we have the ISM Non-Manufacturing Index at 9:00 A.M., EIA Energy Stocks at 9:30 A.M. Fed minutes from the March meeting and Dairy Products and Dairy Product Sales at 2:00 P.M. Last night’s API data showed a bullish spin with Crude Oil inventories down 1.8 million barrels which showed the OPEC production cuts are […]

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