General Comments: Wheat was higher in reaction to the crop[ progress and condition reports issued by USDA Monday night. USDA showed much worse than expected conditions for Spring Wheat for the second week in a row and there are now fears of a short supply of high protein Wheat for the US in […]
General Comments: Cotton was lower on ideas of improving crop conditions here and around the world. The futures market is moving its focus from the current tight situation to one with much more potential production in the US and overseas for the coming production year. Warmer and drier weather is expected this week […]
Busy day ahead of us today starting with Business Inventories, C.P.I., Real Earnings and Retail Sales at 7:30 A.M. EIA Energy Stocks at 9:30 A.M. Dairy Product Sales at 2:00 P.M. And FED day where the market has already priced in a hike in rates which reality will be announced this afternoon. On the Corn […]Continue Reading →
A surprise increase in U.S. oil supply as reported by the American Petroleum Institute as well as a report on increased shale oil production from the International Energy Agency(IEA) has the oil market acting loopy. The International Energy Agency (IEA) predicted that oil supply would outstrip demand next year, with output increases from U.S. shale […]Continue Reading →
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