From the daily archives: Thursday, May 25, 2017

Morning Grains. 05/25/17

On May 25, 2017 - 11:45 AM By

DJ U.S. Export Sales: Weekly Sales Totals – May 25
For the week ended May 18 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.
The […]

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Morning Softs. 05/25/17

On May 25, 2017 - 10:03 AM By

COTTON
General Comments: Cotton was higher in recovery trading. It looks like the sellers decided to take the day off and futures were able to recover. The charts show July has now returned to the previous trading range. Trends are down. Cotton has become available to the market as the rally has brought Cotton […]

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[Daniel J. Graeber. UPI] The likelihood that parties to an OPEC-led effort to balance the market with production cuts stand pat on output left oil prices in the red early Thursday. Ministers assigned to a joint committee monitoring an agreement to sideline 1.8 million barrels per day to balance an oversupplied market left a meeting […]

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This morning we have Export Sales at 7:30 A.M., Initial Jobless Claims at 7:30 A.M. and EIA Gas Storage at 9:30 A.M. Which brings us to Scott Disavino of Thomson Reuters weekly poll with 22 analysts participating this week predicting injection builds of 65 bcf to 82 bcf with the median 71 bcf. This compares […]

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Is it time to play it safe? The Saudi oil minister Khalid Al-Falih said the safe bet coming out of the OPEC meeting today is a 9 month extension of the current 1.8 million barrels a day of OPEC and non-OPEC production cuts, yet the safe bet might not wow oil traders. Talk of an […]

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