From the daily archives: Tuesday, October 24, 2017

U.S. oil benchmark settles at a 6-month high

On October 24, 2017 - 4:31 PM By

[Myra P. Saefong, MarketWatch] Saudi comments, global supply risks boost WTI for a third session. Oil climbed Tuesday, as Saudi Arabia reiterated a pledge to help balance the global crude market and geopolitical turmoil threatened global inventories, lifting U.S. prices to their highest finish since mid-April. December West Texas Intermediate crude CLZ7, +1.21% rose 57 cents, or 1.1%, […]

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[JJ KINAHAN, CHIEF MARKET STRATEGIST, TD Ameritrade] The stock market appeared to move solidly to the upside in early trading today after a handful of major Dow Jones Industrials ($DJI) and S&P 500 (SPX) components turned in earnings reports that beat Wall Street expectations and forecast better results ahead. All three benchmarks started the pre-market […]

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[Daniel J. Graeber, UPI] Shale oil producer might not be up to the task of countering OPEC production cuts, a Chicago-based market analyst says. Bullish signals emerging Tuesday sparked only a minor rally in oil prices as traders wait to see what pans out in the actual weekly supply and demand figures. The Organization of […]

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Morning Grains 10/24/17

On October 24, 2017 - 1:36 PM By

DJ USDA Grain Inspections for Export in Metric Tons – Oct 23
COUNTRY OF DESTINATION IS REPORTED AS KNOWN AT THE TIME OF EXPORTATION.
INFORMATION CONTAINED IN THIS REPORT REFLECTS EXPORTED GRAIN INSPECTED AND
WEIGHED THROUGH GIPSA’S AUTHORITY UNDER THE U.S. GRAIN STANDARDS ACT.
NO ADDITIONAL ANALYSIS, COMPILATIONS OR DATA IS […]

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Morning Softs 10/24/17

On October 24, 2017 - 10:16 AM By

COTTON
General Comments: Cotton was sharply higher on forecasts for cold weathe4r at the end of this week in Texas and on reports of higher than expected subsidy payments for Indian producers. The weather could get cold enough to freeze the crops and some Cotton could be lost. Mature Cotton would not be affected, […]

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We have the first Frost Advisory this autumn season in western Tennessee and northeast Alabama. Rains, Wind Advisories with Fire Weather Watch in the Plains and cold rainy, windy and cold weather in the Mid-West with wind chills reaching lows in the 30’s which should put a damper on harvest which is almost half done […]

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Saudi Arabia said they will do whatever it takes to balance the oil market, again. Yet this time the market, unlike the last time, believes them as OPEC and their compliance has earned some market cred. Oil prices which were floundering lower overnight reversed course and surged higher after Saudi Energy Minster Khalid A. Al-Fali […]

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The Windy City Trader 10/23/17

On October 24, 2017 - 7:28 AM By

Just for fun….. I talked to a homeless man this morning and asked him how he ended up this way He said, “Up until last week, I still had it all. I had plenty to eat, my clothes were washed and pressed. I had a roof over my head, I had TV and Internet, and […]

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