Currently viewing the category: "MARKET COMMENTARIES"

Morning Softs. 08/16/17

On August 16, 2017 - 10:14 AM By

COTTON
General Comments: Cotton was lower on good weather forecasts for the crop amid already very high production projections from USDA. A higher US Dollar hurt demand ideas. Current forecasts call for some rains in Texas to boost crop prospects there. Conditions showed mixed trends in the USDA reports last night as some areas […]

Continue Reading

We jumpstart the day with Housing Starts and Permits at 7:30 A.M., EIA Energy Stocks at 9:30 A.M. and Dairy Product Sales at 2:00 P.M. The Grains took another pummeling in yesterday’s action. And one would have to ask, “How much more downside is there”? I am guessing with hot humid weather the next couple […]

Continue Reading

In the battle between the bulls and the bears, the one trend that remains constant is the trend of falling US crude oil supply. Once again, the crude oil supply drops far exceeded market expectations and according to data from the American Petroleum Institute, fell by 9.2 million barrels last week. That drop in supply […]

Continue Reading

Morning Grains. 08/15/17

On August 15, 2017 - 11:49 AM By

DJ CBOT Delivery Intentions: Totals – Aug 15
Source: CME Group
Contract Quantity Next Trade
Commodity Month Delivery Day Assigned Today Date Available
SOYBEAN MEAL August Aug. 16, 2017 62 Aug 14, 2017
SOYBEAN OIL August Aug. 16, 2017 101 Aug 14, 2017
SOYBEAN August Aug. 16, 2017 19 […]

Continue Reading

Morning Softs. 08/15/17

On August 15, 2017 - 11:45 AM By

COTTON
General Comments: Cotton was lower as the market reacted to good weather forecasts for the crop amid already very high production projections from USDA. Current forecasts call for some rains in Texas to boost crop prospects there. Conditions showed mixed trends in the USDA reports last night as some areas got better and […]

Continue Reading

We kickoff the morning with Business Inventories and Retail Sales at 7:30 A.M., NOPA Crush at 11:00 A.M and API Energy Stocks at 3:30 P.M. The weekly USDA Crop Progress report showed Corn & Soybeans unchanged from a week ago, according to an average of estimates bu 10 analyst polled by Reuters yesterday which Corn […]

Continue Reading

The weak performance from oil yesterday is giving rise to the false notion that oil prices are going to be capped at near $50 forever. The last time we heard that false price cap theory was back in the early 90’s when economist claimed that oil could not trade above $30 a barrel because if […]

Continue Reading

Morning Softs. 08/14/17

On August 14, 2017 - 10:10 AM By

COTTON
General Comments: Cotton was a little higher after the sharply lower day on Thursday in reaction to the USDA reports. USDA showed much higher than expected production and ending stocks estimates and caught the trade due to the extremely high production estimates. It could be that USDA is overestimating yield on this report and […]

Continue Reading

Morning Grains. 08/14/17

On August 14, 2017 - 10:07 AM By

DJ CBOT Delivery Intentions: Totals – Aug 14
Source: CME Group
Contract Quantity Next Trade
Commodity Month Delivery Day Assigned Today Date Available
SOYBEAN MEAL August Aug. 15, 2017 115 Aug 11, 2017
SOYBEAN OIL August Aug. 15, 2017 79 Aug 11, 2017
SOYBEAN August Aug. 15, 2017 98 […]

Continue Reading

Warmer temperatures and rains forecasted have the Grains taking another leg down. The August Grains expire today and we also have weekly Export Inspections at 10:00 A.M. and Crop Progress at 3:00 P.M. In the overnight electronic session the September Corn is currently trading at 356 ¾ which is 4 cents lower. The trading range […]

Continue Reading

The world did not blow up over the weekend so the global markets are feeling a bit of optimism. A Trump Administration official over the weekend tried to assure us that we are not on the verge of a nuclear war so the markets felt a bit better. Fear that the short VIX trade could […]

Continue Reading

Morning Softs 08/11/17

On August 11, 2017 - 10:46 AM By

Alerts History
• 10-Aug-2017 07:00:00 AM – BRAZIL’S 2016/17 SOYBEAN CROP SEEN AT 114 MLN TNS VS 113.92 MLN TNS FROM JULY FORECAST – AGRICULTURAL STATISTICS AGENCY CONAB
• 10-Aug-2017 07:00:00 AM – BRAZIL’S 2016/17 TOTAL CORN CROP FORECAST 97.2 MLN TNS VS PRIOR ESTIMATE OF 96 MLN TNS – CONAB
• […]

Continue Reading