DJ U.S. Export Sales: Weekly Sales Totals – Jun 2
For the week ended May 25 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.
General Comments: Cotton was higher in correction trading as the market fights for a low on the charts. The charts show July remains in the previous trading range and that December is testing support inside of the trading range. Trends are sideways or down. Futures are still finding support from mills who sold […]
We kickoff the first Friday of the month with Export Sales, Unemployment and U.S. Trade Balance all at 7:30 A.M. which is a lot to swallow so early. On the Corn front the Grain complex are a little mixed in the early going and we hope to see continued better than average exports this morning […]Continue Reading →
The Energy Information Administration (EIA) failed to wow the crude oil market even after it reported the biggest crude oil drawdown of the year. The reason is technical weakness on the charts, coupled with the promise of more Libyan oil production and the fact that U.S. oil production increase tied the highest level since November […]Continue Reading →
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