DJ U.S. Export Sales: Weekly Sales Totals – Apr 27
For the week ended Apr 20, in thousand metric tons, except cotton in
thousand running bales. Net changes in commitments are gross sales,
less cancellations, buy-backs and other downward adjustments. Total
commitments are total export shipments plus total sales.
General Comments: Cotton was mixed in quiet trading. July futures rallied through some nearby resistance areas on the charts, but could not hold the gains. The mill call fixing against May is done, but they still have to fix July purchases. The mills did not price sales from producers at cheaper levels and […]
As a reminder…Today is the Last Trading Day for the ICE EU May Natural Gas. We ask that you do not wait until the last minute to exit this market. Tomorrow, Fri, Apr 28th is the First Notice Day for ALL the May Grains & May Metals. Anyone who is LONG the May Grains & […]Continue Reading →
MAY SOYBEANS Phase one of 2017 was May Beans reaction to Brazil’s record 111 MMT crop – a justifiable $1.50 drop (1080-930). As the “big crop got bigger”, the mkt ratcheted down to the 940 area. Phase two looks equally ominous as the USDA has predicted 6.5 MA more than 2016! But as for now, […]Continue Reading →
The markets seem to be treading water and not able to sustain any type of rally even on bullish headlines. Today we have more earnings and reports starting at 7:30 A.M. with Advanced Durable Goods, Export Sales and Initial Jobless Claims and we have weekly EIA Gas Storage report at 9:30 A.M. which a Thomson […]Continue Reading →
The biggest, best, massive tax cut plan in all human history was not enough to shake the petroleum sector out of its bearish slumber. The petroleum sector has been dripping down slowly like a good old fashion water torture as the market is fixated on short term supplies and not our future. While the market […]Continue Reading →
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