From the monthly archives: December 2017

It is official this early in winter that the weather forecasters are calling these temperatures a polar vortex or as I would say it is just so darn cold outside. And talks of portions of the Great Lakes freezing over and disrupting commercial shipping. You can bet the ice-breakers will be working overtime. This is […]

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Gas Has Biggest Rally Since October

On December 29, 2017 - 8:01 AM By

[Naureen S Malik, Bloomberg] U.S. natural gas staged the biggest rally in two months as a frigid forecast signaled demand for the power-plant fuel may surge to new highs through the start of 2018. The eastern half of the country is locked in a deep freeze with the potential to generate the highest weather-driven gas demand […]

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[Mark DeCambre, MarketWatch] Natural-gas futures up 6.4%, booking its largest daily gain in about a year Crude-oil prices on Thursday finished with modest gains in an up-and-down session, as market participants grew optimistic about inventory reports that point to a steady decline in U.S. crude stocks. The U.S. Energy Information Administration reported that domestic-crude supplies fell by […]

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[Mark DeCambre and Barbara Kollmeyer, MarketWatch] January heating oil notches 52-week high as cold snap across the U.S. prompts buying Oil prices settled lower Wednesday, easing back from more-than-two-year highs after a pipeline explosion in Libya helped to deliver a jolt to crude futures. February West Texas Intermediate oil on the New York Mercantile Exchange […]

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Morning Grains Report 12/28/17

On December 28, 2017 - 10:38 AM By

WHEAT
General Comments: US markets closed a little higher on forecasts continue for some very cold temperatures to move into the Great Plains this week There were ideas of spotty damage to Wheat in the Great Plains from the current cold air.. The crops in the region are not well established, and the cold […]

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Morning Softs Report 12/28/17

On December 28, 2017 - 10:34 AM By

COTTON
General Comments: Cotton was higher and made new highs for the move as bullish traders started to buy again. It was most likely a combination of fund and industry buying that pushed futures higher. Producers remain limited sellers at best. Chart patterns are bullish overall. Mills are caught unpriced on a lot of […]

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We kickoff this Thursday with Initial Jobless Claims at 7:30 A.M., EIA Gas Storage at 9:30 A.M., EIA Energy Stocks at 10:00 A.M. and Dairy Product Sales at 2:00 P.M. On the Corn front the market seemed to lose some of it’s luster with yesterday’s close the highest it has been since earlier this month. […]

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It’s Leap Year! The Energy Report 12/28/17

On December 28, 2017 - 6:54 AM By

Welcome to leap year 2018! Ok, I know what you are thinking, you have not heard that it,s leap year. Well, 2018 is not a traditional leap year but it will be a leap year for oil. Oil struggled this year as the market failed to be convinced that the combination of OPEC and Non-OPEC […]

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Morning Grains Report 12/27/17

On December 27, 2017 - 10:00 AM By

DJ USDA Grain Inspections for Export in Metric Tons – Dec 26
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 Report 12/27/17

On December 27, 2017 - 9:54 AM By

COTTON
General Comments: Cotton was lower and seems to be forming a resistance area just above 7800 March. Some liquidation of long positions is possible for the rest of the week as long speculators look to book year-end profits. Chart patterns are bullish overall, but futures have been unable to extend the rally for […]

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Corn prices are creeping up ever so slowly attempting to test the 360 ½ high that was made earlier this month on December 4th. With cold weather hitting and snow coverage in a lot of key planting areas it looks like a good sign as we start talking about plantings for 2018. Investors will also […]

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Pipeline Proverb. The Energy Report 12/27/17

On December 27, 2017 - 7:20 AM By

What good is it for someone to gain a pipeline, yet lose another? The Forties pipeline is coming back but a loss of a Libyan oil pipeline has the oil bears in a less than festive mood. WTI oil hit $60 a barrel yesterday for the first time in 2 and a half years and […]

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