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 […]
[Daniel J. Graeber, UPI] Oil demand and production will grow more or less in tandem next year, the latest market report finds. Indications from the International Energy Agency that the oil market is brushing up against a ceiling sent crude oil prices sharply lower early Thursday. Traders are watching the balance between supply and demand […]Continue Reading →
General Comments: Cotton was mixed in consolidation trading. October and December were slightly lower, but the deferred months were slightly higher. The market is waiting for USDA and the latest production and supply and demand reports that will be released later today. Ideas are that the recent weather has been good for maturing […]
Financials: Dec. Bonds are currently 6 higher at 152’24, 10 Yr. Notes 4 higher at 125’11.5 and 5 Yr. Notes 2.2 higher at 117’13.5. Yesterday’s release of the FOMC minutes told us nothing new and continues the passive/aggressive stance of the possibility of a rate hike before year’s end. If you went long on last […]Continue Reading →
We jump-start the day with Initial Jobless Claims and Producer Price Index at 7:30 A.M., EIA Gas Storage at 9:30 A.M, EIA Energy Stocks at 10:00 A.M., Crop Production USDA Supply/Demand at 11:00 A.M. and Dairy Product Sales at 2:00 P.M. The Grain complex is trading a tad higher in the overnight electronic session with […]Continue Reading →
While OPEC and The Energy Information Administration raising its outlook for demand and lowers its projection for global Non-OPEC production, The International Energy Agency(IEA) releases a report that shows that tries to talk down demand next year admit they underestimated demand this year. The IEA seems to want to talk down prices once again because […]Continue Reading →
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