From the daily archives: Wednesday, July 12, 2017

Morning Grains. 07/12/17

On July 12, 2017 - 2:13 PM 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.
2017-18 WHEAT PRODUCTION
Average Range USDA June USDA 2016-17
All […]

Continue Reading

Morning Softs. 07/12/17

On July 12, 2017 - 9:48 AM By

COTTON
General Comments: Cotton was higher after trading lower in the first part of the day. Speculators were willing to buy the market due to 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 […]

Continue Reading

In today’s trading session we have a lot to decipher with EIA Energy Stocks at 9:30 A.M., Crop Production USDA Supply Demand at 11:00 P.M., and Dairy Product Sales at 2:00 P.M., Beige Book, Janet Yellen testifying before Congress today and of course weather will play a role even after the release of the Grain […]

Continue Reading

Oil prices are getting a wakeup call after a lowering of the US oil production outlook, a report of a major drop in US oil supply and a warning by S&P to oil majors cut to back more and reduce debt levels or face downgrades. The Energy Information Administration (EIA) is lowering the outlook for […]

Continue Reading

[Myra P. Saefong, MarketWatch] The American Petroleum Institute reported Tuesday a much larger-than-expected drop of 8.1 million barrels in U.S. crude supplies for the week ended July 7, according to sources. “We are finally seeing the impact from cumulative OPEC cuts, lower U.S. output and strong demand,” said Phil Flynn, senior market analyst at Price […]

Continue Reading