From the daily archives: Thursday, September 28, 2017

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
Average Range August 2016

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Morning Softs. 09/28/17

On September 28, 2017 - 9:49 AM By

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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