NOV SOYBEANS Bean harvest is all but over at 83% done (avg – 84). This validates the Aug 16 low at 921 as the official HARVEST LOW! Since that low was made, the mkt has sideways traded its way higher – currently sitting 50 cents off its low! “Crop Concerns” will shift from the US […]Continue Reading →
DJ CBOT Delivery Intentions: Totals – Nov 1
Source: CME Group
Contract Quantity Next Trade
Commodity Month Delivery Day Assigned Today Date Available
ROUGH RICE November Nov. 02, 2017 433 Oct 31, 2017
SOYBEAN November Nov. 02, 2017 47 Jul 25, 2017 WHEAT
General Comments: Wheat closed lower on […]
General Comments: Cotton was lower. Reports that a couple of hundred thousand bales of Cotton could have been lost in West Texas due to freezing temperatures are thought now to be high-end estimates as almost all bolls are open. Harvest conditions are now good in just about all areas. The market hopes for […]
We start off this Wednesday with Construction Spending and ISM Manufacturing Index at 9:00 A.M., EIA Energy Stocks at 9:30 A.M., Cotton Systems, Dairy Product Sales, Fats & Oils and Grain Crushing at 2:00 P.M. Also the FED announcement looms at the FOMC meeting. Will they raise rates ? Or will Hillary be sent to […]Continue Reading →
U.S. oil production disappoints in August as U.S. oil, gasoline and distillates plummet. Global demand is exceeding supply and the forward crude curve is signaling higher prices ahead. Shale oil production is proving to be no match for OPEC and Non-OPEC production cuts. Underestimates of oil demand growth and inaccurate assessments of projected shale production […]Continue Reading →
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