From the monthly archives: October 2017

Morning Grains Report 10/31/17

On October 31, 2017 - 10:42 AM By

DJ CBOT Delivery Intentions: Totals – Oct 31
Source: CME Group
Contract Quantity Next Trade
Commodity Month Delivery Day Assigned Today Date Available
ROUGH RICE November Nov. 01, 2017 1213 Oct 30, 2017
SOYBEAN November Nov. 01, 2017 50 Jul 11, 2017 DJ USDA Grain Inspections for Export in Metric […]

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Morning Softs Report 10/31/17

On October 31, 2017 - 10:39 AM By

COTTON
General Comments: Cotton was higher on reports that a couple of hundred thousand bales of Cotton could have been lost in West Texas due to freezing temperatures. It was a positive day as traders factored in the potential weather related losses and also waited to see the effects of the indian governments move […]

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[Kitco News] Cryptocurrencies has taken a big step into the mainstream investment world as the Chicago Mercantile Exchange prepares to launch a Bitcoin futures contract by the end of the year. In an announcement released Tuesday, the CME said that the new contract will be cash-settled and based on the exchange’s CF Bitcoin Reference Rate, […]

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We kick off this day with Spooks and Super Natural with Employment Cost Index at 7:30 A.M., Chicago PMI and Consumer Confidence at 9:00 A.M. and finally at 3:30 P.M. API Energy Stocks with the FOMC Meeting getting underway. Effective Tuesday October 31st the CME Group will reset price limits for Grains and Oil Seed […]

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Bear-y Scary. The Energy Report 10/31/2017

On October 31, 2017 - 7:34 AM By

It’s close to midnight and something’s buying oil in the dark. Under the moonlight, you see a pop that almost Stops Your Stop. You Try to Scream, but the computer takes the trade before you change It. You Start to scream, as oil rallies hard right before your eyes, You’re Paralyzed! Cause this is thriller. […]

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[Daniel J. Graeber, UPI] Crude oil prices continued to test new highs in Monday trading, supported by a growing consensus that OPEC will extend a production cut agreement in November. The price for Brent crude oil touched $60 per barrel on Friday, for the first time in years, as rhetoric pointed to a decision by […]

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Tomorrow, Tuesday, Oct 31st is the First Notice Day for the Nov Grains (Soybeans, mini-Soybeans, Rice, Ethanol and Canola).  It is also the First Notice Day for ALL the November Metals (as listed above).  Anyone LONG either the Nov Grains and/or Metals that morning will be at risk of taking delivery. To avoid this risk, […]

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Morning Grains 10/30/17

On October 30, 2017 - 10:15 AM By

WHEAT
General Comments: Wheat closed lower on further strength in the US Dollar and worries about export demand overall. Futures closed with slight gains for the week, but the price action in the second half of the week was not strong and implied more selling is possible this week. Funds were sellers once again. […]

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Morning Softs 10/30/17

On October 30, 2017 - 10:13 AM By

COTTON
General Comments: Cotton was near unchanged. It senses that there is a lot of Cotton to sell and the sharp rally in the US Dollar hurt demand ideas in a big way. The Texas weather could get cold enough to freeze the crops and some Cotton could be lost. Mature Cotton would not […]

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Weather has not been conducive to this harvest lately but we should have a good week to get the farmers back in the field. In the overnight electronic session the December Corn is currently trading at 348 ¾ which is unchanged. The trading range has been 349 ¾ to 348 ¼. This market is looking […]

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While many in the oil industry have been talking about lower for longer oil price the truth is that oil prices will not stay low for very much longer. Oil has confirmed that the market may have put in the most significant bottom in oil prices since 1999 after it posted its best quarter since […]

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We have Exxon earnings that could boost a slumping Energy sector this morning and we have GDP released at 7:30 A.M. We also have November Grain Option Expiration today which could throw a slider or squeeze play close to the market session close. In the overnight electronic session the December Corn is currently trading at […]

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