General Comments: Cotton was mixed, with nearby months a little lower and deferred months a little higher. Bullish traders have not been able to extend the recent rally, and the market has settled into a consolidation trade. A bigger correction might be coming. Current buying is reflecting the fact that merchants need to […]
DJ U.S. Export Sales: Weekly Sales Totals – Jan 26
For the week ended Jan 18, in thousand metric tons, except cotton in thousand running bales. Net changes in commitments are gross sales, less cancellations, buy-backs and other downward adjustments. Total commitments are total export shipments plus total sales. The marketing year for wheat […]
We kickoff the last Friday of January with Advanced Durable Goods and 4th Quarter GDP at 7:30 A.M. followed by Cattle on Feed at 2:00 P.M. Even with the early reports investors eyes are watching the events unfold at the World Economic Forum which should be more good news to the U.S. with a bustling […]Continue Reading →
Commodity prices were on fire on Thursday morning still soaring after comments by Treasury Secretary Steve Mnuchin that the weak dollar was good for the U.S. economy. European Central Bank President Mario Draghi then weighed in and seemed aghast at the remote possibility that someone in a high governmental position might make a comment to […]Continue Reading →
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