From the daily archives: Wednesday, August 2, 2017

[William Watts, MarketWatch] Gasoline prices could jump if U.S. bans crude imports The U.S. hasn’t hit Venezuela’s oil industry with new sanctions, but such a move remains a strong possibility as the country’s president, Nicolas Maduro, retaliated against opposition leaders after prevailing in a disputed weekend referendum. That referendum paved the way to a rewrite […]

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Morning Grains. 08/02/2017

On August 2, 2017 - 10:29 AM By

DJ CBOT Delivery Intentions: Totals – Aug 2
Source: CME Group
Contract Quantity Next Trade
Commodity Month Delivery Day Assigned Today Date Available
SOYBEAN MEAL August Aug. 03, 2017 181 Jul 28, 2017
SOYBEAN OIL August Aug. 03, 2017 786 Aug 01, 2017
SOYBEAN August Aug. 03, 2017 567 […]

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Morning Softs. 08/02/17

On August 2, 2017 - 10:25 AM By

COTTON
General Comments: Cotton was higher after a choppy session. The market reacted to the USDA crop reports and forecasts for improving weather, but also to chart patterns that suggest that higher prices might be coming soon. Futures have been trying to move above some important resistance areas on the charts, but are still […]

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Rains yesterday and more forecasted for today really pummeled the market in yesterday’s trading session. The sell-off looked to be overdone as markets tend to overreact on any given situation and Tuesday’s action was no different with the entire Grain complex taking it on the chin. There may be some bottom feeders looking to scoop […]

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Oil prices pulled back from the big psychological resistance of $50.00 as the overbought market was met with reports of rising OPEC oil production and a surprise increase in US crude oil supply as reported by the American Petroleum Institute. (API). Yet despite an increase to its highest level of the year, OPEC compliance to […]

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Morning Grains. 08/01/17

On August 2, 2017 - 8:00 AM By

DJ CBOT Delivery Intentions: Totals – Aug 1
Source: CME Group
Contract Quantity Next Trade
Commodity Month Delivery Day Assigned Today Date Available
SOYBEAN MEAL August Aug. 02, 2017 178 Jun 29, 2017
SOYBEAN OIL August Aug. 02, 2017 838 Jul 28, 2017
SOYBEAN August Aug. 02, 2017 715 […]

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