From the daily archives: Wednesday, October 25, 2017

Morning Grains Report 10/25/17

On October 25, 2017 - 10:25 AM By

WHEAT
General Comments: Wheat closed higher on what was called speculative short covering. Funds remain very short and are covering some of these positions. It is turning cold in the US and this will hinder early crop development. It will be another small crop anyway as farmers continue to reduce planted area year after […]

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Morning Softs Report 10/25/17

On October 25, 2017 - 10:23 AM By

COTTON
General Comments: Cotton was mixed in consolidation trading. The Texas weather could get cold enough to freeze the crops and some Cotton could be lost. Mature Cotton would not be affected, but Green bolls would be damaged and lost. The Indian subsidies will be higher than trade expectations and ideas are that the […]

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[Brian K. Sullivan, Bloomberg] The mammoth typhoon that drenched Japan could help a swath of the U.S. finally cool down more than a month after autumn began in the Northern Hemisphere. Energy from the remnants of Typhoon Lan, which claimed at least three lives and caused landslides and flooding, is expected to roil wind patterns over […]

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We kick-start the day with Chipotle and chip maker AMD were the S&P 500’s two biggest pre-market losers which slowed this raging bull market. This could create another buying opportunity with a lot of data coming out and the 3rd quarter GDP on Friday and the FED going to speak its infinite wisdom on the […]

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The bullish fundamentals on oil are becoming more apparent as both Saudi Arabia and Russian are signaling that they are committed to reducing the global oil supply glut and that they are signaling an extension of the current production cut agreement to the end of the year. Yet, it was comments by Saudi Crown Prince […]

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Oil Ranges Higher Tuesday

On October 25, 2017 - 6:56 AM By

[George Orwell, DTN] New York Mercantile Exchange spot-month oil futures ranged higher Tuesday afternoon, with West Texas Intermediate crude settling at a six-month high above $52 bbl ahead of inventory reports expected to show stock draws for crude and gasoline in the United States. The American Petroleum Institute report due this afternoon is seen showing […]

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[Carl Surran, Seeking Alpha] U.S. crude oil settles +1.1% at $52.47/bbl, the highest finish since April 17, and Brent +1.7% to $58.33/bbl after Saudi oil minister Khalid al-Falih said his country would “do whatever it takes” to bring global crude inventories back to their five-year average. The minister also raised the prospect of continued production restraint, addressing market concerns that […]

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