From the daily archives: Tuesday, October 10, 2017

[Jessica Summers, Bloomberg] Oil jumped following signals that the world’s biggest crude exporters may extend or deepen supply cuts. Futures advanced for a second day, adding 1.9 percent in New York. OPEC Secretary-General Mohammad Barkindo said more nations may join the production accord the group hammered out with Russia and other exporters in late 2016. In the […]

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Morning Grains Report 10/10/17

On October 10, 2017 - 10:40 AM By

DJ U.S. Corn, Soybean Production Estimates — Survey
CHICAGO–The following are analysts’ estimates for 2017 U.S. corn and soybean production in millions of bushels, as compiled by The Wall Street Journal. Yield estimates are in bushels per acre and harvested acres are in million acres. The U.S. Department of Agriculture is scheduled to release […]

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Morning Softs Report 10/10/17

On October 10, 2017 - 10:37 AM By

General Comments: Cotton was slightly higher in consolidation trading.The market is waiting for news, and might have to wait for USDA and the latest production and supply and demand reports on Thursday before moving too much. It was a holiday here yesterday, wo the weekly crop progress and conditions reports will be released […]

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This morning we will have Export Inspections at 10:00 A.M and Crop Progress at 3:00 P.M. ahead of Thursday’s Crop Production USDA Supply/Demand data. Change in the weather may spark a little rally before Thursday as the December contract was trading mostly lower in the overnight electronic session and is now currently trading at 350 […]

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Speedy Balance. The Energy Report 10/10/17

On October 10, 2017 - 7:11 AM By

Do they see what I see? OPEC’s Secretary General Mohammad Barkindo is telling us that the global oil market is rebalancing fast as the glut of refined products is gone as he and OPEC takes a victory lap ahead of their November OPEC meeting. The strongest global demand growth we have seen in at least […]

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