From the monthly archives: August 2017

Morning Grains. 08/31/17

On August 31, 2017 - 1:19 PM By

DJ CBOT Delivery Intentions: Totals – Aug 31
Source: CME Group
Contract Quantity Next Trade
Commodity Month Delivery Day Assigned Today Date Available
SOYBEAN MEAL September Sep. 01, 2017 200 Aug 04, 2017
SOYBEAN OIL September Sep. 01, 2017 667 Aug 24, 2017
ROUGH RICE September Sep. 01, 2017 […]

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Morning Softs. 08/31/17

On August 31, 2017 - 9:28 AM By

COTTON
General Comments: Cotton was higher on follow through buying tied to the damage to crops due to Hurricane Harvey. The storm has moved out of Houston and now is hurting crops in the Delta. Texas crops potentially lost the quality and harvest progress in some areas of the state. No one is willing […]

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Financials: Dec. Bonds are currently 4 lower at 155’17, 10 Yr. Notes 2 lower at 126’24 and 5 Yr. Notes 1 lower at 118’12.7. Earlier in the week treasuries rallied to new recent highs as the trade sought the safety of gov’t. issues in response to the provocation of a N. Korean missile sent over […]

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Hurricane or Tropical Storm Harvey is not yet in the rear view mirror yet but we are ready to roll up our sleeves and get to work. We have another scary proposition with Tropical Storm Irma lurking in the shadows in the Atlantic moving west at 10 knots. The National Hurricane Center shows a cone […]

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Nightmare. The Energy Report 08/31/17

On August 31, 2017 - 8:22 AM By

A shut down of the Colonial Pipeline in addition to the Explorer Pipeline and an explosion at a chemical plant is adding to the heartbreaking human suffering that is being experienced along out nations Gulf Coast. There are reports over night of two explosions at Arkema chemical plant in Crosby, Texas, that was caused by […]

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[Matthew Rocco, Fox Business] Harvey flooding leads to shutdown of largest US refinery Motiva PRICE Futures Group’s Phil Flynn on Harvey’s impact on the oil market. Watch the latest video at video.foxbusiness.com Gasoline prices continued to climb nationwide Wednesday, as Hurricane Harvey forced more refineries to shut down and put a critical pipeline in jeopardy. […]

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Morning Grains. 08/30/17

On August 30, 2017 - 9:55 AM By

WHEAT
General Comments: Wheat markets were lower in early trading, but rallied to close mixed, with Minneapolis sticking to big losses but the Chicago Winter Wheat markets recovering to close mostly a little higher. Some of the early selling came in part on shipping difficulties as the port of Houston, a major port for […]

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Morning Softs. 08/30/17

On August 30, 2017 - 9:44 AM By

COTTON
General Comments: Cotton was higher on follow through buying tied to the damage to crops due to Hurricane Harvey. The storm was expected to bring big rains of up to five feet into Texas and potentially hurt the quality and harvest progress in some areas of the state. No one is willing to […]

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Watching the widespread devastations in Houston due to what was Hurricane Harvey, has been gut wrenching and now that this storm has regenerated and made a second landfall in Louisiana, just west of the town of Cameron, its impact on lives and property is just starting to be measured. Ordinary citizens in Houston have been […]

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If it was not a Knockout Blow! The first round Harvey is again making landfall on the Texas Louisiana state line. The only good news that can be surmised is that there is less rain but could still cause substantial flooding, but is moving faster than the last landfall at 6 knots moving north-northeast. The […]

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Morning Grains. 08/29/17

On August 29, 2017 - 11:43 AM By

Crop Progress
Date 27-Aug 20-Aug 2016 Avg
Cotton Setting Bolls 93 88 95 93
Cotton Bolls Opening 18 12 22 20
Corn Dough 86 76 91 87
Carn Dent 44 29 57 51
Corn Mature 6 5 10
Soybeans Setting Pods 93 87 93 92
Soybeans Dropping […]

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Tropical Storm Harvey could threaten refineries in Galveston, Texas and Louisiana that have 4 refineries alone in Lake Charles, Louisiana and a total of 18 in the state. Flooding is a severe risk so we will monitor the events of Harvey moving back into the Gulf of Mexico moving east-northeast at 3 knots which is […]

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