From the daily archives: Wednesday, May 10, 2017

AgMaster Report 05/10/17

On May 10, 2017 - 5:22 PM By

JULY SOYBEANS There are myriad issues impacting the grains today, but of course, none more important than the weather & planting progress. And despite the recent “cold & damp”, the planting progress seems to be close to the 5 yr average. This has kept the wraps on any weather rallies – confining July Beans to […]

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[Daniel J. Graeber, UPI] There may be signs of a long-awaited market balance, but it depends on who you ask. Crude oil prices moved into short-term recovery mode early Wednesday after industry data showed U.S. oil inventory levels are on the decline. Crude oil prices came under pressure Tuesday after the U.S. Energy Information Administration […]

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Morning Grains. 05/10/17

On May 10, 2017 - 10:13 AM By

DJ 2017-18 U.S. Wheat Production Estimates — Survey
CHICAGO–The following are analysts’ estimates for 2017-18 U.S. wheat production, as compiled by The Wall Street Journal. The U.S. Department of Agriculture is scheduled to release updated production forecasts at noon on Wednesday.
2017-18 WHEAT PRODUCTION
Average Range USDA 2016-17
All Wheat 1,920 […]

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Morning Softs. 05/10/17

On May 10, 2017 - 9:26 AM By

COTTON
General Comments: Cotton was mostly lower, but July closed firm on better demand ideas from both domestic mills and exporters. The charts give ideas that the trends have turned down for a good correction move. Planting conditions remain mixed due to recent cold and wet weather and forecasts for more rain today and […]

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As a reminder…Friday, May 12th is the Last Trading Day for ALL the May Grains.  All the May Grains stop trading at 12pm Chicago time on Friday.  We ask that you do not wait until the last minute to exit your May Grain positions. Monday, May 15th is the Last Trading Day for the May […]

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The Global Energy Leaders Podcast

On May 10, 2017 - 9:09 AM By

[Chris Prine,Global Energy Leaders] Phil Flynn, Fox Business Contributor & Sr. Energy Analyst at the Price Futures Group, visits The Global Energy Leaders Podcast as we talk about where oil will end up? LISTEN HERE https://globalenergymedia.com/global-energy-leaders-podcast-episode-32/

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On the Grain front the market braces for more news and a change to warmer temperatures could help further plantings but light rains are also forecasted to accompany the welcomed warmth. At 11:00 A.M. C.S.T. we have the monthly Crop Production USDA Supply/Demand data. In the overnight electronic session the July Corn is currently trading […]

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And they’re off! Oil prices are trying to recover after the American Petroleum institute (API) reported a significant 5.79 million barrel drop in U.S. crude oil supply, the biggest draw since December, 2016. This comes after a reported a 4.2 million barrel drop a week ago. The Energy Information Administration (EIA) only reported a 999,000 […]

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