From the daily archives: Wednesday, September 20, 2017

Oil Futures Up on EIA Data, OPEC Talk

On September 20, 2017 - 5:40 PM By

[George Orwel, DTN] New York Mercantile Exchange spot-month oil futures rallied Wednesday afternoon, with October West Texas Intermediate crude oil settling above $50 per barrel (bbl) and at the highest level in four months, powered by bullish weekly U.S. oil data and on the prospect of prolonged cuts to oil production by the world’s leading […]

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AgMaster Report 09/20/17

On September 20, 2017 - 3:13 PM By

NOV SOYBEANS After the USDA issued yet another Bearish monthly crop report on Sept 12, Nov Beans – after an initial spike down to 20 lower – recovered to a Mid-range close & two days later had traded to its Sept highs – some 40 cents off the report-day lows!  This mkt action tells us […]

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Today, Wed, Sept 20th is the Last Trading Day for the Sept 30Yr Bonds, 10Yr Notes, ULTRA Bonds and ULTRA T-Notes at the CBOT.  They all stop trading at 12pm Chicago Time today.  We again ask that you do not wait until the last minute to exit these markets. Today is also the Last Trading […]

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Morning Grains 09/20/17

On September 20, 2017 - 10:43 AM By

DJ USDA Monthly Grain Inspections: Exported By Rail – Sep 20
MS_GR210
Minneapolis, MN Wed Sep 20, 2017 USDA MARKET NEWS
GRAINS INSPECTED AND/OR WEIGHED FOR EXPORT BY RAIL TO CANADA AND MEXICO
REPORT FOR MONTH ENDING AUGUST 2017
————————————————————————
Aug-17 Jul-17 Year to Date
CANADA Rail Cars […]

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Morning Softs 09/20/17

On September 20, 2017 - 10:05 AM By

COTTON
General Comments: Cotton was a little lower on speculative selling as the market kept an eye on the direction of Hurricane Maria. The storm track for the new systems is away from the US. There will probably be some quality losses from the previous storms, and USDA did show deteriorating quality on Monday […]

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Tropical Storm Jose still a threat in the Energy sector with a threat to refineries in the northeast with maximum sustained winds at 55 knots with movement at 7 knots. Maria’s cone has her moving away from the Gulf of Mexico and out back to the Atlantic but it is still too early to judge […]

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Oil prices are rising on bullish supply data from the American Petroleum Institute (API) and talk that the joint OPEC/non-OPEC Ministerial Monitoring Committee (JMMC) on Friday might set the stage for an extension of the existing production cut agreement as compliance with the current deal is starting to improve. Yet behind the supply and demand […]

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