General Comments: Wheat markets were slightly lower again yesterday as the market worried about demand for the US production. Export demand was weak in the reports last Friday, and traders worry about the strong competition from Russia. Australian prices have moved lower after recent rains and Australian competition could start to hurt US […]
General Comments: Cotton was higher in consolidation trading. The daily charts show the potential for prices to work lower now, and the trade yesterday did nothing to change this. The weekly charts show down trends and the potential for futures to test strong support near 6500 December with an extension possible to about […]
This morning we start of the Day with Housing Starts & Permits at 7:30 A.M., EIA Energy Stocks at 9:30 A.M., and Dairy Product Sales at 2:00 P.M. and the release of the Beige Book and more earnings. On the Crude Oil front the geo-political factor is back in play with rising tensions between Iraq’s […]Continue Reading →
Oil producers in shale and oil sands are finding it tough to make a buck and keep production levels rising. While the oil trade has been betting on ever rising shale production the truth is that production has leveled off. Some are saying there is a “shale band” at $60 basis Brent crude, that the […]Continue Reading →
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