From the daily archives: Monday, September 25, 2017

[Myra P. Saefong, MarketWatch] Expectations for OPEC output-cut extension grow Crude-oil prices marched higher Monday, lifting West Texas Intermediate crude to its highest level in about five months and Brent crude to a more than two-year high amid a growing market consensus that an OPEC-led deal y major producers limiting output will be extended. October […]

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Balanced sentiment drives oil prices higher

On September 25, 2017 - 1:46 PM By

[Daniel J. Graeber, UPI] The markets are still dealing with the hangover from recent hurricanes in North America. Sentiment that the global market for crude oil is returning to balance after years of supply-side strains pushed oil prices toward an eight-month high Monday. Traders last week were left waiting after ministers monitoring the effort led […]

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Morning Grains. 09/25/17

On September 25, 2017 - 12:27 PM By

DJ USDA Cold Storage: Totals-Sep 22
WASHINGTON (Dow Jones)–U.S. stocks of pork bellies in freezers
totaled 19.080 million pounds, in August, 8.4% above the previous
month, but 40.5% below August 2016, the U.S. Department Agriculture
said Friday.
In thousand pounds.
public
Aug 31 Jul 31 Aug 31 Jul […]

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Morning Softs. 09/25/17

On September 25, 2017 - 12:22 PM By

COTTON
General Comments: Cotton was mixed in consolidation trading. A quiet session came as the market waited to see the results of the European elections over the weekend and also to hear more reports of storm damage and to see the track of Maria and any other storms that might develop. The storm track […]

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We start off the week with Export Inspections at 10:00 A.M. and Crop Progress at 3:00 P.M. while watching the weather beginning harvest season. As we continue to contends with an active hurricane season in the Atlantic which is playing havoc with crazy weather conditions Mother Nature has been tossing our way which the Farmer’s […]

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Brent crude is being driven higher as tight distillate supply in Europe and expectations of low U.S. exports of distillates are making the market look very tight going into winter. Distillate or Ultra Low sulfur diesel is the strongest petroleum market as strong global demand and the impact from refinery shutdowns is making that market […]

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