Monday, Sept 25th is the First Notice Day for the ICE October Cotton in NY. Anyone LONG the ICE Oct Cotton that morning will be at risk of taking delivery. To avoid this risk, we ask that you please roll or liquidate your ICE Oct Cotton LONG positions prior to the close of business on […]Continue Reading →
DJ Analysts’ Estimates for September USDA Cattle-on-Feed Report
The following estimates, as compiled by the Wall Street Journal for the nation’s feedyards with a capacity of 1,000 or more head, are in percentages of the year-earlier figure. High and low projections were dropped in the calculation of averages. The U.S. Department of Agriculture report […]
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 […]
This morning we kick off the day with Export Sales and Initial Jobs at 7:30 A.M. followed by EIA Gas Storage at 9:30 A.M. After yesterday’s FED decision, S&P Global Ratings cut China’s sovereign credit rating for the first time since 1999, citing the risk of from soaring debt, and revised its outlook to stable […]Continue Reading →
Oil prices hit a 4 month high on bullish data from the Energy Information Administration (EIA) strong global and US demand and the fact that oil products are at a multi-year low. That situation is not going to improve after Hurricane Maria dealt a devastating blow to Puerto Rico and St Croix, wiping out small […]Continue Reading →
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