From the daily archives: Monday, May 15, 2017

[Gillian Rich, Investor’s Business Daily] l futures rallied Monday after the Saudi and Russian energy minsters threw their support behind extending output cuts by another nine months, but markets received another reminder that U.S. producers could undermine the deal as shale companies find ways to turn profits at lower prices. The Energy Information Agency said […]

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[Daniel J. Graeber, UPI] Decision from Russia and Saudi Arabia pushes oil prices up more than 3 percent in early trading. Crude oil prices were on pace for another major rally Monday after Saudi Arabia and Russia agreed on an extension to a production cut arrangement. Saudi Arabia is the largest contributor among members of […]

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[By Phil Flynn for Fox Business] President Donald Trump is hosting the Crown Prince of Abu Dhabi Monday ahead of a key meeting with Saudi Arabia that will essentially reset U.S. foreign policy in the Middle East. Relations with the long-time U.S. ally were strained under the Obama administration as the decision to not follow […]

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Morning Grains 05/15/17

On May 15, 2017 - 10:00 AM By

DJ CBOT Delivery Intentions: Totals – May 15
Source: CME Group
Contract Quantity Next Trade
Commodity Month Delivery Day Assigned Today Date Available
SOYBEAN MEAL May May. 16, 2017 19 May 12, 2017
SOYBEAN OIL May May. 16, 2017 76 May 12, 2017
ROUGH RICE May May. 16, 2017 […]

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Morning Softs 05/15/17

On May 15, 2017 - 9:58 AM By

COTTON
General Comments: Cotton was limit up in July and higher in the new crop months. The limits will be expanded to 500 points today and margin requirements will also be increased. The charts show that July has moved to new contract highs. The weekly export sales report was not strong, but strong enough […]

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Today, Monday, May 15th is the Last Trading Day for the May Currencies.  The May Currencies stop trading at 9:16am Chicago time today. Today, May 15th is the Last Trading Day for the May Lumber.  The May Lumber stops trading at 12:05pm on Monday.  We ask that you do not wait until the last minute […]

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We have merger talks in the markets this morning and we have Export Inspections at 10:00 A.M. with NOPA Crush at 11:00 A.M. and Crop Progress In the overnight electronic session Corn just does not seem to want to budge at this time with heavy carryover market at this time. In the overnight electronic session […]

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Oil prices are soaring after Saudi Ariba and Russia said they have agreed to extend oil production cuts beyond the agreed upon deadline for another 9 months. That means both Russia and Saudi Arabia will extend cuts to March of 2018 at a time when we are seeing evidence that the prior cuts are just […]

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