From the monthly archives: July 2017

Morning Grains. 07/31/17

On July 31, 2017 - 12:29 PM By

DJ CBOT Delivery Intentions: Totals – Jul 31
Source: CME Group
Contract Quantity Next Trade
Commodity Month Delivery Day Assigned Today Date Available
SOYBEAN MEAL August Aug. 01, 2017 181 Jun 20, 2017
SOYBEAN OIL August Aug. 01, 2017 558 Jul 05, 2017
SOYBEAN August Aug. 01, 2017 715 […]

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Morning Softs. 07/31/17

On July 31, 2017 - 12:20 PM By

COTTON
General Comments: Cotton was lower on Friday on what appeared to be speculative long liquidation. Futures have been trying to move above some important resistance areas on the charts, but appear to have stalled just short of the goal. The demand is improving and questions about overall crop conditions remain. Weather forecasts call […]

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We jumpstart this Monday morning with Chicago Purchasing Managers Index (PMI) at 9:00 A.M., Export Inspections at 10:00 A.M. and Crop Progress at 3:00 P.M. The market is showing what is cheap can be cheaper and the evidence in this market is showing those colors. In the overnight electronic session the September Corn is currently […]

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The oil market is finally getting it that supplies are falling as geopolitical risks are rising and OPEC is going to clamp down on members that are over producing quotas. In the meantime, the US oil rig count increased by just 2 rigs this week as shale producers are making some cutbacks. Our “Summer Solstice” […]

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Summer Tour 2017! [PRICE Links Video]

On July 28, 2017 - 11:59 AM By

Summer Crop Tour That Is…with Jack Scoville! Phil Flynn previews Jack Scoville & Jerry Gidel’s weekend summer crop tour of Central IL – Big Corn Country! Jack shares his views on expectations of this year’s crop based on recent weather conditions, growing variables, and supply/demand factors. Futures and options trading involves substantial risk of loss […]

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Morning Grains. 07/28/17

On July 28, 2017 - 10:42 AM By

WHEAT
General Comments: US markets were higher as the final crop reports from the tour of North Dakota came in. The Spring Wheat tour noted much below average production potential in the central Dakotas and many fields were noted as complete losses or capable of yielding less than 10 bushels per acre. Those fields […]

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Morning Softs. 07/28/17

On July 28, 2017 - 9:38 AM By

COTTON
General Comments: Cotton was higher yesterday as USDA reported improved export sales for the coming crop year in its weekly data.. The demand is improving and questions about overall crop conditions remain. USDA showed crop deterioration due mostly to bad weather conditions in the Texas Panhandle and into the Southwest and Far West […]

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This morning we start the day with Employment Cost Index, 2nd Quarter GDP and more earnings. Grain bulls are perilously looking to buy value and get long. Yesterday’s Export Sales was no help to them where there was nothing impulsive to do backflips or cartwheels on new-crop sales and old-crop sales were bearish. The USDA […]

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Oil prices must find new balance as global oil stock piles are falling against surging global demand and an increasing amount of geopolitical risk. Russia, Venezuela are the hot issues with Iran and North Korea lurking in the background. Sanctions on Venezuela may at one-point rattle US domestic gasoline prices even as US refiners try […]

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Oil Futures End at Fresh Highs

On July 27, 2017 - 4:48 PM By

[George Orwel, DTN Energy Reporter] New York Mercantile Exchange spot-month oil futures settled at fresh highs Thursday afternoon, with West Texas Intermediate and ULSD futures rallying for the fourth straight session and the RBOB contract for the third consecutive session amid positive sentiment spurred primarily by ongoing weekly drawdowns from U.S. crude oil stocks, improving […]

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[Benjamin Storrow, E&E News] Congress can’t claim many achievements these days, but its 2015 decision to lift a ban on crude oil exports and extend tax incentives for wind and solar is reshaping energy markets. U.S. crude shipments abroad are on the rise. A spike in gasoline prices predicted by critics of lifting the ban […]

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AgMaster Report 07/27/17

On July 27, 2017 - 2:37 PM By

NOV SOYBEANS We’re definitely right in the middle of a weather mkt with the attendant Volatility –  Tues’s action was a prime example – with the mkt opening 25 higher Tues nite – but settling almost 20 lower!  The opening was prompted by a larger than expected dip in the crop ratings but was neutralized […]

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