NOV SOYBEANS Since Labor Day, Nov Beans have languished in a 50-cent range (940-985) – with offsetting fundamentals keeping it under wraps! (HARVEST, EXPORTS, SOUTH AMERICA, US DOLLAR, USDA REPORTS) – that is until last Thur when a basically neutral USDA crop report ignited the mkt upside & to its highest close since early August! […]Continue Reading →
Financials: Dec. Bonds are currently 15 higher at 153’16, 10 Yr. Notes 7 higher at 125’11.5 and 5 Yr. Notes 4.7 higher at 117’11.5. Turmoil in Spain over the question of Catalonian independence has traders seeking a safe haven in Treasuries this morning. In other news since last week, Pres. Trumps short list for Fed. […]Continue Reading →
DJ U.S. Export Sales: Weekly Sales Totals-Oct 19
For the week ended Oct 12, in thousand metric tons, except cotton in
thousand running bales. Net changes in commitments are gross sales,
less cancellations, buy-backs and other downward adjustments. Total
commitments are total export shipments plus total sales.
The marketing year […]
General Comments: Cotton was mixed, with nearby months a little lower and deferred months a little higher. The daily charts show the potential for prices to work lower as the harvest continues in the US. The weekly charts show down trends and the potential for futures to test strong support near 6500 December […]
In yesterday’s trading session we saw the Dow Jones and NASDAQ reach new record highs and record close. The market is seeing some heavy selling pressure in the overnight electronic session. This is not a correction but a mere selloff and as we weighed on the 30 anniversary of the 1987 Stock Market crash when […]Continue Reading →
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