From the daily archives: Thursday, November 16, 2017

Morning Grains Report 11/16/17

On November 16, 2017 - 10:43 AM By

DJ Analysts’ Estimates for November USDA Cattle-On-Feed Report
The following estimates, as compiled by the Wall Street Journal for the nation’s feedyards with a capacity of 1,000 or more head, are in percentages of the year-earlier figure. High and low projections were dropped in the calculation of averages. The U.S. Department of Agriculture report […]

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Morning Softs Report 11/16/17

On November 16, 2017 - 10:11 AM By

COTTON
General Comments: Cotton was a little higher yesterday in consolidation trading. There did not appear to be any fundamental issues or news to push prices higher or lower, so the market held the range. The futures market is watching the harvest roll along and is debating the demand for US and world Cotton. […]

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Like the John Fogerty song Change in the weather and the closing days in harvest are keeping farmers off the field with wet cold weather. With smaller farmers and remaining acreage the question is do we try to take it out of the ground now or take a beating with silos full and cash prices […]

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[Zlati Meyer, USA TODAY] With Americans feeling better about their finances, they will hit the road in near-record numbers over the Thanksgiving weekend despite higher gasoline prices, experts predict. An estimated 50.9 million Americans will travel 50 miles or more to get to their destinations over the four-day weekend, the most since 2005, according to AAA’s annual […]

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Financials: Dec. Bonds are currently 15 lower at 153’17, 10 Yr. Notes 8 lower at 124’25.5 and 5 Yr. Notes 5 lower at 116’28.5. During the last week the Bonds traded as low as 152’06. If you remain short either take profits or use a protective buy stop at 153’25. The yield curve continues to […]

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[Rob Curran, Fox Business] Shares of energy producers fell alongside oil futures after a surprise buildup in U.S. oil supplies. Crude-oil stockpiles rose by 1.9 million barrels to 459 million barrels and are still in the upper half of the average range for this time of year, the EIA said, contrary to analysts’ predictions of […]

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Distillate Dreams. The Energy Report 11/16/17

On November 16, 2017 - 8:02 AM By

The Energy Information Administration (EIA) reported a more supportive snapshot of petroleum supply and demand than the American Petroleum Institute (API) reported, and while the report was not as bullish as pre-API report expectations from a seasonal standpoint it was supportive. The EIA reported that total commercial petroleum stocks increased 2.75MB and while that might […]

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