Currently viewing the category: "MARKET COMMENTARIES"

Weather forecast calling for cooler temperatures and rains which got the bears rolling in yesterday’s action. Exports slowed a tad but at the pace they were moving one could not expect to ride that wave forever. And with the South American crop called very favorable there are not a lot of key bullish factors that […]

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Downgraded! The Energy Report 06/23/17

On June 23, 2017 - 7:49 AM By

If shale is so good then why are the oil stocks so bad. Downgrades across the energy sector raises real questions about the ability of shale producer to operate with prices in the low $40s. It also questions the perception that shale operators have become so efficient that they can operate at almost any price. […]

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We kickoff the trading day with Export Sales and Initial jobless Claims at 7:30 A.M. EIA Gas Storage at 9:30 A.M. and the Cold Storage report at 2:00 P.M. With the weekly EIA Gas Storage report out today and damage assessments from Tropical Storm Cindy we will star out talking Natural Gas. The weekly Thomson […]

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Financials: Sept. Bonds are currently 6 lower at 156’10, 10 Yr. Notes 1.5 lower at 126’20 and 5 Yr. Notes unchanged 118’09.5. Over the last week Bonds have worked higher while the 5 & 10 Yr. worked lower narrowing the yield curve. The interest rate on the 30 Yr. Bond is now at a 7 […]

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Crude oil prices have plunged far below what the oil fundamentals might suggest and even hardened bears are starting to question this selling madness. The price drops and current levels will destroy the myth that U.S. oil production will rise regardless of the price and we are already seeing downgrades of those energy stocks across […]

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Morning Grains. 06/21/17

On June 21, 2017 - 10:56 AM By

DJ USDA Monthly Grain Inspections: Exported By Rail – Jun 21
MS_GR210
Minneapolis, MN Wed Jun 21, 2017 USDA MARKET NEWS
GRAINS INSPECTED AND/OR WEIGHED FOR EXPORT BY RAIL TO CANADA AND MEXICO
REPORT FOR MONTH ENDING MAY 2017
————————————————————————
May-17 Apr-17 Year to Date
CANADA Rail Cars […]

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Morning Softs. 06/21/17

On June 21, 2017 - 10:37 AM By

COTTON
General Comments: Cotton was lower and trends are down on the charts. Ideas of good crop progress and improving condition helped the selling interest. USDA did show lower condition ratings as it has been generally dry in parts of Texas. The daily charts show that futures could be oversold and in need of […]

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Pile Drive. The Energy Report 06/21/17

On June 21, 2017 - 8:28 AM By

Oil traders piled onto the downside driving oil into bear market territory in a July crude oil future expiration sell off that will be one to remember. The market is still struggling and not even the fact that we have Tropical Strom Cindy pulling into refinery row, a major political shake up in Saudi Arabia […]

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We start off Summer Solstice 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 the market is currently trading higher in the early going before sell orders come into play. In the overnight electronic session the July Corn is currently […]

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Record exports & strong crush, but trade eyes US acres. Strong export & ethanol use, but big corn crop keeps stocks high. View report by clicking here (PDF). Jerry Gidel 141 West Jackson Blvd., Suite 1340A, Chicago, Illinois 60604
312 264 4369 (Direct) | 800 769 7021 (Main) | 312 264 4399 (Fax)
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Morning Grains 06/20/17

On June 20, 2017 - 10:41 AM By

Crop Progress
Date 18-Jun 11-Jun 2016 Avg
Cotton Planted 94 92 94 96
Cotton Squaring 22 15 21 20
Corn Emerged 98 94 99 98
Soybeans Planted 96 92 95 93
Soybeans Emerged 89 77 88 84
Sorghum Planted 86 71 86 85
Sorghum Headed 17 16 […]

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July crude oil futures go away today and it will be up to the August crude futures to find a bottom. As U.S. oil production is showing signs of faltering (up only 12,000 barrels in June as opposed to an expectation of 120,000 barrels) and seeing we are past the pain of many shale producers, […]

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