From the daily archives: Thursday, December 28, 2017

[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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