From the monthly archives: September 2017

Morning Grains Report

On September 29, 2017 - 9:53 AM By

DJ September U.S. Wheat Production Estimates — Survey
New York–The following are analysts’ estimates for 2017 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 Friday.
2017 Wheat Production
USDA
Average Range August 2016
[…]

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Morning Softs Report

On September 29, 2017 - 9:11 AM By

COTTON
General Comments: Cotton was a little higher, but prices remain in a trading range overall. Export sales reported by USDA were OK, but not great. USDA will issue its quarterly stocks estimates this morning. The current weather in growing areas should continue to promote rapid development and harvest progress. The harvest ahead seems […]

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This morning we jumpstart the day with Personal Income at 7:30 A.M., Chicago PMI at 9:00 A.M., Grain Stocks and Small Grains Summary at 11:00. On the Corn front we still are showing weakness in the entire Grain Complex as harvest is moving at a rapid pace with more than ideal weather to clear the […]

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Oil prices surged this quarter as Brent crude put in the best performance in 13 years. This comes as oil demand is surging, geopolitical risk is rising and Moody’s warns that shale oil producers will need $50 a barrel plus oil to make any money. Shale oil producers have shown signs that they are pulling […]

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Morning Grains. 09/28/17

On September 28, 2017 - 10:45 AM By

DJ September U.S. Wheat Production Estimates — Survey
New York–The following are analysts’ estimates for 2017 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 Friday.
2017 Wheat Production
USDA
Average Range August 2016
[…]

Continue Reading

Morning Softs. 09/28/17

On September 28, 2017 - 9:49 AM By

COTTON
General Comments: Cotton was slightly lower, but prices remain in a trading range overall. Conditions ratings were marginally lower and the harvest progress is slightly ahead of the average to cause some of the selling. The current weather in growing areas should continue to promote rapid development and harvest progress. The harvest ahead […]

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We jumpstart the day with Export Sales, 2nd Quarter GDP and Initial Jobless Claims at 7:30 A.M., EIA Gas Storage at 9:30 A.M. and Hogs & Pigs at 2:00 P.M. which could rattle the Pork complex. On the Corn front the market is still looking weak despite a short covering rally that in yesterday’s trading […]

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The Nemenoff Report. 09/28/17

On September 28, 2017 - 8:05 AM By

Financials: Dec. Bonds are currently 17 lower at 152’13, 10 Yr. Notes 5 lower at 125’09 and 5 Yr. Notes 0’01.7 lower at 117’15.7. Bonds broke nearly 2’00+ over the last couple of sessions in response to Fed comment “that it would be imprudent to wait for inflation to reach 2.0% to raise rates”. This […]

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Amazing Comeback. The Energy Report 09/28/17

On September 28, 2017 - 8:01 AM By

Down but never out. The U.S. energy industry had an amazing comeback raising refining runs to almost pre Hurricane Harvey levels in what can only be described as a heroic effort. Despite the flooding and power outages, the players in the energy industry rose to the occasion to try to get production back to normal […]

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[David Gaffen, Reuters] Brent prices fell on Wednesday while U.S. crude rallied, after oil stockpiles in the world’s top consumer unexpectedly drew down with refiners coming back online following Hurricane Harvey last month. Brent LCOc1 slipped from 26-month highs to settle down 54 cents, or nearly 1 percent, at $57.90 a barrel, while U.S. West […]

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[Allen Sykora, Kitco News] The recent retreat in gold prices probably is not over, with the Federal Reserve sending a message to markets that policymakers are not done hiking interest rates just yet, analysts said. Views are more mixed on whether a further decline is a correction or something more ominous, such as an outright […]

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[Ed Adamczyk, UPI] Turkey’s threat to close a Kurdish oil pipeline, potentially disrupting production of one half million barrels per day, sent global crude prices upward on Wednesday. Turkish President Recep Tayyip Erdogan made the threat after residents of northern Iraq’s Kurdistan voted overwhelmingly for independence in a non-binding referendum. He proposed to close Kurdistan’s […]

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