From the monthly archives: June 2017

President Donald Trump lays out his bold plan for US energy dominance but the real challenge will be to reverse the curse that has plumaged many oil nations. The President said that the golden era of American energy is now underway. “We have so much more [energy] than we ever thought possible…We don’t want to […]

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This morning we start off the day with Personal Income at 7:30 A.M, Chicago PMI at 9:00 A.M. and the much anticipated Grain Stocks and Planted Acreage at 11:00 A.M. Yesterday’s news that broke for the first time in Canada’s history there will be more Canola acres planted than Wheat. This shot up the Wheat […]

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Today is the Last Trading Day for the ICE-EU July Natural Gas.  We ask that you do not wait until the last minute to exit the ICE-EU July Nat Gas. Tomorrow, Friday, June 30th is the First Notice Day for ALL the July Grains and ALL the July Metals.  Anyone LONG either the July Grains […]

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Morning Grains 06/29/17

On June 29, 2017 - 10:46 AM By

DJ Survey: 2017 U.S. Grain, Soybean Planted Acreage
CHICAGO–The following are analysts’ estimates, in millions of acres, for U.S. grain and soybean planted acreage, as compiled by The Wall Street Journal. The U.S. Department of Agriculture is scheduled to release updated tables at noon ET on Friday.
U.S. Grain, Soybean Planted Acreage USDA […]

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Morning Softs 06/29/17

On June 29, 2017 - 10:42 AM By

COTTON
General Comments: Cotton was lower on current weather forecasts for improved crop conditions in West Texas. It has been hot and dry there, but a few light showers are possible in the next few days. USDA showed some of these problems as crop condition ratings were lower in the data on Monday. It […]

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Financials: Sept. Bonds are currently 1’02 lower atb153’30, 10 Yr. Notes 13.5 lower at 125’25 and 5 Yr. Notes 6.25 lower 117’31.75. This morning’s GDP number of +1.4% was slightly above expectations of +1.2% nudging the interest rate vehicles a few ticks to the upside from overnight lows. During the last week the yield curve […]

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MGEX Margin Changes Effective 6/29

On June 29, 2017 - 8:13 AM By

The following  MGEX margins are changing at the close of business today: For a complete listing of current MGEX margin rates, go to: http://www.mgex.com/margins.html _____________________________________________________ Legend
EH: Exchange Holidays | LT: Futures Last Trading Day | OE: Option Expiration Day
FN: Futures First Notice Day | LN: Futures Last Notice Day | FD: […]

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As we close in on the 4th of July weekend we kick off this Thursday with Export Sales, 1st Quarter GDP and Initial Jobless Claims at 7:30 A.M. The weekly EIA Gas Storage at 9:30 A.M. and Hogs & Pigs at 2:00 P.M. Today’s reports should shine a light of the climate change in the […]

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The oil price continues a rebound as production problems start to plague the United States. The Energy Information Administration (EIA)reported yesterday that US oil production plunged by over 100,000 barrels a day, mainly because of the shutdown by Tropical Storm Cindy but it came at a time when US production was already struggling to meet […]

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Phil Flynn gets an update from Gary Kamen of Trends in Futures. What lies beneath the trends? Where is the big money posturing for potential trending prices? Energy, Softs, Grains? Listen and learn! For Phil Flynn subscribers: Get Gary’s book “What Lies Beneath the Trends” and a 30-day trail the his daily service FREE! Email […]

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[Daniel J. Graeber, UPI] Crude oil inventory levels in the United States increased last week even as some activity was stifled by Tropical Storm Cindy. A brief rally in crude oil prices came under pressure early Wednesday as the broker market responded to a surprise build in inventory levels. The American Petroleum Institute, an industry […]

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Morning Softs 06/28/17

On June 28, 2017 - 11:20 AM By

COTTON
General Comments: Cotton was higher a the trade focused on dry conditions in West Texas that are causing lower crop ratings from USDA. It has been hot and dry there, but a few light showers are possible in the next few days. USDA showed some of these problems as crop condition ratings were […]

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