Posts by: Jack Scoville

Morning Grains. 02/24/17

On February 24, 2017 - 10:40 AM By

Alerts History
• 24-Feb-2017 06:00:32 AM – USDA PROJECTS 2017/18 CORN CROP AT 14.065 BLN BUSHELS VS 15.148 BLN IN 2016/17
• 24-Feb-2017 06:00:54 AM – USDA PROJECTS 2017/18 CORN YIELD AT 170.7 BUSHELS/ACRE VS 174.6 IN 2016/17
• 24-Feb-2017 06:01:07 AM – USDA PROJECTS 2017/18 CORN ENDING STOCKS AT 2.215 BLN […]

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Morning Softs. 02/24/17

On February 24, 2017 - 8:56 AM By

COTTON
General Comments: Cotton futures closed higher despite higher acreage projections released at the USDA Outlook Conference. It seems that the trade had feared even bigger planted area estimates. The planted area could increase, but seems to be a reasonable estimate and now many in the trade will calculate production potential base don a […]

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Morning Softs. 02/23/17

On February 23, 2017 - 10:32 AM By

COTTON
General Comments: Cotton futures were mostly lower, but March closed higher on the light deliveries and forced a correction in the carry spreads. Chart trends are down on the daily charts and the weekly charts show that the up trend got hurt. Futures now appear ready to test longer term support near 7200 […]

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Morning Grains. 02/23/17

On February 23, 2017 - 10:29 AM By

DJ IGC Sees 2016-17 Global Grain Output at Over 2.1B Tons
By Ed Ballard
LONDON–The International Grains Council said Thursday it expects global grain production to top 2.1 billion metric tons for the first time as it raised its production forecast amid favorable weather.
The IGC increased its monthly output forecast for […]

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Morning Grains. 02/22/17

On February 22, 2017 - 10:03 AM By

DJ USDA Grain Inspections for Export in Metric Tons – Feb 21
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. 02/22/17

On February 22, 2017 - 9:56 AM By

COTTON
General Comments: Cotton futures were higher, but nearby March was barely higher as that month goes into delivery. Chart trends are down on the daily charts and the weekly charts show that the up trend got hurt. Futures now appear ready to test longer term support near 7200 May. US export demand remains […]

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Morning Grains. 02/21/17

On February 21, 2017 - 12:43 PM By

WHEAT
General Comments: Wheat was lower again on Friday on speculative selling. The export sales report was positive, but reports of lower world prices hurt potential demand ideas. Egypt bought Wheat from Russia and East Europe at prices ranging from $195.00 per ton to $197.50 per ton. Some beneficial precipitation was reported over the […]

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Morning Softs. 02/21/17

On February 21, 2017 - 12:11 PM By

COTTON
General Comments: Cotton futures were lower on what appeared to be follow through speculative selling. Chart trends turned down on the daily charts and the weekly charts show that the up trend got hurt. Futures now appear ready to test longer term support near 7200 May. US export demand remains solid at this […]

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Morning Grains. 02/17/17

On February 17, 2017 - 11:59 AM By

DJ USDA Monthly Grain Inspections: Exported By Rail – Feb 16
MS_GR210
Minneapolis, MN Wed Feb 15, 2017 USDA MARKET NEWS
GRAINS INSPECTED AND/OR WEIGHED FOR EXPORT BY RAIL TO CANADA AND MEXICO
REPORT FOR MONTH ENDING JANUARY 2017
————————————————————————
Jan-17 Dec-16 Year to Date
CANADA Rail Cars […]

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Morning Softs. 02/17/17

On February 17, 2017 - 10:44 AM By

COTTON
General Comments: Cotton futures were lower on what appeared to be follow through speculative selling. There is a chance that the market is forming a top in this price area. More selling today might be enough to turn short term trends down. The export sales report showed improved sales, but the trade was […]

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Morning Grains. 02/16/17

On February 16, 2017 - 10:02 AM By

DJ U.S. Export Sales: Weekly Sales Totals – Feb 16
For the week ended Feb 9, 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 […]

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Morning Softs. 02/16/17

On February 16, 2017 - 9:57 AM By

COTTON
General Comments: Cotton futures were lower in the front months, but higher in new crop months. The price action suggests tht there is less demand for Cotton right now and that the current rally could be running out of steam. The USDA statistics imply that there is plenty of Cotton in the US […]

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