From the daily archives: Thursday, January 18, 2018

Morning Grains Report 01/18/18

On January 18, 2018 - 10:16 AM By

DJ USDA Monthly Grain Inspections: Exported By Rail – Jan 17
MS_GR210
Minneapolis, MN Wed Jan 17, 2018 USDA MARKET NEWS
GRAINS INSPECTED AND/OR WEIGHED FOR EXPORT BY RAIL TO CANADA AND MEXICO
REPORT FOR MONTH ENDING DECEMBER 2017
————————————————————————
Dec-17 Nov-17 Year to Date
CANADA Rail Cars […]

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Morning Softs Report 01/18/18

On January 18, 2018 - 10:12 AM By

COTTON
General Comments: Cotton was a little higher in consolidation trading. Trends remain up and the tone of the market remains positive. Current buying is reflecting the fact that merchants need to buy futures to cover on call positions Rather than the overall fundamentals presented in the USDA reports last week. The reports showed […]

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We start off this Thursday with Housing Starts & Permits and Export Sales 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. The story in today’s market is jobs are flourishing and companies that moved out of the U.S. to avoid the […]

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Financials: Mar. Bonds are currently 23 lower at 149’19, 10 Yr. Notes 6 lower at 122’15 and 5 Yr. Notes 2 lower at 115’08. The long Dec. 2018/short Dec. 2019 Eurodollar spread has widened from last weeks 21 points premium the nearby to 23 points approaching my objective of 25-26 points premium the Dec. 2018. […]

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Now you see it. Now you don’t. Presto, change-o the U.S. oil glut has disappeared. Low oil prices and a booming global economy has caused the biggest oil glut in history to disappear before your very eyes. The American Petroleum Institute reported another massive 5.121 million barrels drop in U.S. crude supply dragging stockpiles back to […]

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