From the daily archives: Monday, May 1, 2017

Morning Grains. 05/01/17

On May 1, 2017 - 11:00 AM By

WHEAT
General Comments: Wheat closed higher in reaction to cold weather in the Great Plains that potentially caused some crop losses and on continued wet weather in the northern Great Plains and into the Canadian Prairies. More cold weather is in the forecast tonight through to early this week. It is possible to get […]

Continue Reading

Morning Softs. 05/01/17

On May 1, 2017 - 10:00 AM By

COTTON
General Comments: Cotton was higher as the market rejected the chance to turn short term trends down on the charts. It was an impressive rally as the export sales report on Thursday was negative to prices. The sales were below 200,000 bales after weeks of sales at or above 300,000 bales and often […]

Continue Reading

This weekend tumultuous weather finally caught investors’ attention and they finally understand the market is not trading at fair value. As we assess the damage these widespread tornado’s wreaked havoc in states that really got whacked With #1 Texas, Louisiana, Mississippi, Alabama, Missouri and Tennessee. Heavy rains in the Mid-West, Plains and South has given […]

Continue Reading

Oil rig counts are rising but so are costs. Crude oil prices are modestly lower on weak Chinese PMI data and a rising rig count but the reality of the limitation of shale may start to become painfully obvious. While the number of active oil rigs increased for the 15th week in a row by […]

Continue Reading