DJ U.S. Export Sales: Weekly Sales Totals – Jul 7
For the week ended Jun 29, 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 reaction to the weekly crop updates. Conditions dropped in the reports as it has been hot and dry in Texas and in the deserts. There does not seem to be any relief in site, so conditions could suffer more this week. The growing weather in the US […]
It was a wild ride in the Grain complex in yesterday’s trading session. The markets were all over the place. After trading sharply higher only to selloff and trade sharply lower than tried to recover from the lows but the rally ended up fizzling out. In the overnight electronic session the September Corn is currently […]Continue Reading →
Rising yields and rising oil production is causing oil to plunge even as US oil stock piles drawdown at a record rate. The rebound in US oil production of 88,000 barrels a day according to the weekly Energy Information Administration (EIA) and was the key data factor that is causing the selloff. The market believes […]Continue Reading →
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