From the daily archives: Friday, May 19, 2017

Monday, May 22nd is the Last Trading Day for the NYMEX June NY Crude Oil.  We again ask that you do not wait until the last minute to exit your NYMEX June NY Crude Oil positions. _____________________________________________________ Legend
EH: Exchange Holidays | LT: Futures Last Trading Day | OE: Option Expiration Day
FN: […]

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Morning Grains 05/19/17

On May 19, 2017 - 10:36 AM By

WHEAT
General Comments: Wheat closed steady to lower and held well considering the weakness in Corn and especially Soybeans. However, the demand for US Wheat is holding well in world export markets and provided some support.. Egypt bought US Wheat this week, and this is the first time that Egypt has bought US Wheat […]

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Morning Softs 05/19/17

On May 19, 2017 - 10:03 AM By

COTTON
General Comments: Cotton was lower. The charts imply that the current up move is over as July has now returned to the previous trading range. Cotton has become available to the market as the rally has brought Cotton into the cash market and also into certified stocks. The push to the highs might […]

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Iranian Elections Drive Crude Oil

On May 19, 2017 - 7:53 AM By

The Iranian elections has driven Crude Oil to the breakout point to the upside and the market is pricing in fear premium if the new Iranian president scoffs at the Nuclear Deal made with the prior administration and locks horns with President Trump. We also have the June contract closing in on expiration. In the […]

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Crude oil prices are playing the geo-political gyration game. Events in Brazil, Iran, Saudi Arabia, Venezuela and the United States have oil prices and traders trying to price in risk in a rapidly changing political world. Calls for impeachments, changing political relationships, elections, OPEC meetings, the list goes on and on. The world could look […]

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