From the daily archives: Thursday, April 20, 2017

[Julia Simon, Reuters via Yahoo Finance] Oil prices ended mixed on Thursday after a seesaw trading session, as investors weighed rising U.S. production against geopolitical uncertainties and comments from leading Gulf oil producers that an extension to OPEC-led supply cuts was likely. The benchmark U.S. crude contract, West Texas Intermediate futures (CLc1), settled down 17 […]

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Stock Market News for April 20, 2017

On April 20, 2017 - 3:25 PM By

[Zacks via NASDAQ] Benchmarks closed mostly in the red on Wednesday, dragged down primarily by energy shares after oil prices declined to a two-week low on Wednesday. Meanwhile, International Business Machines Corporation came out with weaker than expected first quarter results, which ultimately dragged down the Dow. For a look at the issues currently facing […]

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AgMaster Report 04/20/17

On April 20, 2017 - 2:42 PM By

MAY SOYBEANS May Beans started the year at 1010 – rallied 80 cents (1010-1090) off perceived S/A weather issues & then broke $1.50 (1080-930) as the Argentine & especially Brazilian Bean Crops continued to grow.  Then exhausting the down was the USDA 3/31 acreage report calling for a record 89.48 MA- 6 MA over 2016! […]

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Morning Grains. 04/20/17

On April 20, 2017 - 10:10 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 […]

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Morning Softs. 04/20/17

On April 20, 2017 - 9:38 AM By

COTTON
General Comments: Cotton was a little higher, with May leading the way before the deliveries start next week. First Notice Day for May futures is coming, and some mills are finally covering on call positions that they made in the cash market. The mills did not price sales from producers at cheaper levels […]

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Saudi’s are talking further production cuts after yesterday’s huge drop on no news. After a mostly bullish inventory data on both the API and EIA the Energy complex could not rally and it seemed that computer algorithms kicked in and slammed the market with the expiration of the May contract. In the overnight electronic session […]

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Saudi Arabia is trying to talk up the markets saying an output extension is all but done after yesterday’s supportive oil supply report failed to get us to the next level. There was a 1.0 million barrel draw down in oil inventory overall and in Cushing, Oklahoma the inability of the market to move higher […]

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