From the daily archives: Thursday, June 8, 2017

Morning Softs. 06/08/17

On June 8, 2017 - 10:15 AM By

COTTON
General Comments: Cotton was a little lower in July, but a little higher in new crop months. The index fund roll is going on and was partially responsable for the change in the carry spreads. Warmer and drier weather is expected this week in most production areas, but a few showers are possible […]

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The Nemenoff Report 06/08/17

On June 8, 2017 - 10:07 AM By

Financials: Sep. Bonds are currently 11 lower at 154’05, 10 Yr. Notes 5.5 lower at 126’11.5 and the 5 Yr. Notes 3 lower at 118’09. During the last week the market gave the opportunity to go short the 10 Yr. Notes in the 126’20 area (making a high at 126’28). The market is still giving […]

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We start the day with Export Sales and Initial Jobless Claims at 7:30 A.M. followed with EIA Gas Storage at 9:30 A.M. On the Corn front U.S. Midwest weather uncertainty is adding premium to the Grain complex and there is talk of U.S. farmer selling while the basis is dropping according to Jerry Gidel Grain […]

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Financials: Sep. Bonds are currently 11 lower at 154’05, 10 Yr. Notes 5.5 lower at 126’11.5 and the 5 Yr. Notes 3 lower at 118’09. During the last week the market gave the opportunity to go short the 10 Yr. Notes in the 126’20 area (making a high at 126’28). The market is still giving […]

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We live in a world of crazy contradictions, and no I am not talking about the James Comey testimony. I am talking about the stark differences we saw in the weekly storage data from the American Petroleum Institute (API) and the Energy Information Administration (EIA). The EIA, instead of reporting what was expected to be […]

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