From the daily archives: Wednesday, April 19, 2017

Morning Grains. 04/19/17

On April 19, 2017 - 11:30 AM By

DJ Analysts’ Estimates for April USDA Cattle-on-Feed Report
The following estimates, as compiled by The Wall Street Journal for the nation’s feedyards with a capacity of 1,000 or more head, are in percentages of the year-earlier figure. High and low projections were dropped in the calculation of averages. The U.S. Department of Agriculture report […]

Continue Reading

Morning Softs. 04/19/17

On April 19, 2017 - 11:26 AM By

COTTON
General Comments: Cotton was mixes, with nearby months a little lower and deferred months a little higher. First Notice Day for May futures is coming, and some speculators are getting out of long positions. Strong demand should continue to support futures in the short term. The demand has been much better than anyone […]

Continue Reading

[Mark Shenk, Bloomberg] Oil edged lower after a report showed U.S. gasoline supplies increased for the first time in nine weeks even as crude stockpiles dropped. Gasoline inventories rose 1.54 million barrels last week, surprising analysts surveyed by Bloomberg who projected the Energy Information Administration data would show a 2-million-barrel decline. Crude inventories fell 1.03 […]

Continue Reading

Plantings are behind in the Mid-West with wet or flooded fields and the weather forecast are calling for more rains keeping farmers of the fields. The Grain complex cannot seem to muster any type of rally with South America’s record harvest. Exports kept the bears at bay but they have this market bottled up with […]

Continue Reading

In the U.S. overall petroleum inventories continue to fall as the petroleum oversupply drain game has begun. Not only did we see the API report an 840,000 barrel drop in crude oil inventory but also a 1.8 million barrel drop in distillate inventory offsetting a surprise 1,347-million-barrel increase in gasoline inventory caused another drop in […]

Continue Reading