From the daily archives: Tuesday, July 11, 2017

[Jessica Summers, Bloomberg] Oil climbed above $45 a barrel after the Energy Information Administration cut its U.S. crude output forecast for next year and as investors focused on the pace of rebalancing. Futures roses as much as 2 percent in New York, after earlier fluctuating between gains and losses. The EIA cut its 2018 crude […]

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The Windy City Trader. 07/11/17

On July 11, 2017 - 12:04 PM By

Let’s see now, I no longer watch the news because… well just because. I don’t watch much regular TV because everything on these days is either a competition (think American ninja warriors, battle of the network stars, dancing with the stars.. OK you get it) or an inane reality show. (think Kardashians, any city Housewives […]

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Morning Grains. 07/11/17

On July 11, 2017 - 9:53 AM By

DJ 2017-18 U.S. Wheat Production Estimates — Survey
CHICAGO–The following are analysts’ estimates for 2017-18 U.S. wheat production, as compiled by The Wall Street Journal. The U.S. Department of Agriculture is scheduled to release updated production forecasts at noon on Wednesday.
Average Range USDA June USDA 2016-17
All […]

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Morning Softs. 07/11/17

On July 11, 2017 - 9:23 AM By

General Comments: Cotton was lower despite forecasts for hot and dry weather that are causing some crop stress to continue in parts of Texas and into western growing areas. The daily charts show that the market failed to hold and is back in the recent trading range. Conditions were lower in the reports […]

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The Grains are giving back gains achieved in yesterday’s trading session. We also have Wholesale Trade at 7:30 A.M. and tomorrow we have the monthly Crop Production USDA Supply/Demand at 11:00 A.M. which could shed light of yields in drought stricken growing areas in the Plains and Mid-West. In the overnight electronic session the September […]

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Electrified. The Energy Report 07/11/17

On July 11, 2017 - 8:03 AM By

For the first time in history the globe has invested more money in electricity than oil according to the International Energy Agency(IEA) and while that may seem to inspire thoughts of electric cars and cheap shale oil, the truth is it’s a problem we will have to deal with at some point in the future. […]

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