From the daily archives: Wednesday, January 24, 2018

Morning Grains 01/24/18

On January 24, 2018 - 11:25 AM By

WHEAT
General Comments: US markets closed lower on reports of some snow in the central Great Plains and worries about export demand. Chicago markets are finding overall support from continued dry weather in the US Great Plains, but a little snow in Kansas and Nebraska helped to protect crops in those areas. However, it […]

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Morning Softs 01/24/18

On January 24, 2018 - 9:47 AM By

COTTON
General Comments: Cotton was lower on what appeared to be speculative long liquidation. Trends remain up, but the market has not been able to extend the rally since last week and a bigger corrction might be coming. Current buying is reflecting the fact that merchants need to buy futures to cover on call […]

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  This morning we kickoff the day with Existing Home Sales at 9:00 A.M., EIA Energy Stocks at 9:30 A.M. and Dairy Product Sales at 2:00 P.M. On the Corn front news that the private analytics firm Informa Economics trimmed it Soybeans planting forecast to 91.197 million acres, down from 91.387 m/a but still have […]

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Oil T0 $80. The Energy Report 01/24/18

On January 24, 2018 - 7:44 AM By

More folks are joining the call for $80 a barrel of oil in the new year, a level I had previously predicted would happen, assuming OPEC and Non-OPEC would keep their production cuts in place. Now with news coming out of the World Economic Forum, in Davos Switzerland, there is a lot of things happening […]

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