From the daily archives: Thursday, June 15, 2017

[Myra Saefong & Barbara Kollmeyer, MarketWatch] ‘Alarm bell’ goes off over U.S. oil supply. Oil settled with a modest loss Thursday, following sharp declines in the prior session, as data showing that the global market remains awash in surplus oil, rising U.S. crude production and weak domestic gasoline demand kept pressure on prices. Natural-gas futures, […]

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As expected, limited changes before June 30 acreage & stocks reports. Strong export & ethanol use, but big corn crop keeps stocks high. View report by clicking here (PDF). Jerry Gidel 141 West Jackson Blvd., Suite 1340A, Chicago, Illinois 60604
312 264 4369 (Direct) | 800 769 7021 (Main) | 312 264 4399 (Fax)

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Morning Grains. 06/15/17

On June 15, 2017 - 10:46 AM By

DJ U.S. Export Sales: Weekly Sales Totals-Jun 15
For the week ended Jun 8, 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 marketing year […]

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Morning Softs. 06/15/17

On June 15, 2017 - 10:29 AM By

COTTON
General Comments: Cotton was lower on ideas of improving crop conditions here and around the world. Trends remain down as the market shifts 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 through this […]

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[Daniel J. Graeber, UPI] An increase in U.S. gasoline inventory levels paints a somewhat different picture than the one offered by the Fed. Consumer demand concerns emerged to bruise crude oil prices in early Thursday trading despite upbeat sentiments on the world’s largest economy. The U.S. Federal Reserve said Wednesday it was raising its target […]

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Financials: Sep. Bonds are currently 4 lower at 155’16, 10 Yr. Notes 4 lower at 126’25 and 5 Yr. Notes 2.5 lower at 118’12.5. Yesterday the Fed raised rates by 25 basis points as expected. Bonds and notes rallied sharply earlier in the session due to disappointing Retail Sales and Consumer Price data which were […]

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After the FED hiked rates ¼ of a point as expected this morning we have more reports to gauge the ongoing recovery we sorely missed the last eight years. Starting off with Exports Sales and Initial Jobless Claims at 7:30 A.M. Followed by Capacity Utilization and Industrial Production at 8:15 A.M. EIA Gas Storage at […]

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Gasoline demand was one of the culprits in yesterday’s oil demise as demand slipped, causing problems for the Fed as Janet Yellen says all the pieces are in place for inflation. Yet the weakness in gasoline demand and economic data may suggest that we may be seeing some underlying softness in the economy. Now you […]

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