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Morning Grains 07/25/17

On July 25, 2017 - 10:19 AM By

DJ USDA Grain Inspections for Export in Metric Tons – Jul 24 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 AVAILABLE. GRAINS INSPECTED AND/OR […]

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Morning Softs 07/25/17

On July 25, 2017 - 10:17 AM By

COTTON            General Comments:  Cotton was slightly lower yesterday in consolidation trading.   After the close, USDA showed crop deterioration due mostly to bad weather conditions in the Texas Panhandle and into the Southwest and Far West.  The market is still trying to complete a bottom on the daily charts.  Weather forecasts call for hot and dry […]

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Today we start the day with Consumer Confidence at 9:00 A.M., API Energy Stocks at 3:30 P.M and the FOMC Meeting today and tomorrow. On the Corn front the USDA Crop Progress was not exactly glowing with Corn good to excellent rating down 2% at 62% with Silkings at 67% up 27%. Traders still seem […]

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Oil prices are on the rise as Saudi Arabia pledges to reduce oil exports and the fact that US shale pains are becoming more obvious to the market. Halliburton is warning that the US oil rig count is about to plateau or “peak shale” which we predicted in my recent energy webinar and for an […]

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This morning we start of the week with a weak Grain complex and a higher U.S. dollar. At 9:00 A.M. we have Existing Home Sales followed with Export Inspections at 10:00 A.M., Cold Storage at 2:00 P.M. which could be further bullish news to the Live Hogs and we have Crop Progress at 3:00 P.M. […]

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OPEC and non -OPEC leaders are wrapping up their meeting in St. Petersburg Russia and it looks like it has yielded some positive results. Not only did Nigeria agree to cap their oil production output at 1.8 million barrels a day, the Saudi Oil Minister Khalid al Falih, speaking after the meeting broke up, seemed […]

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Morning Grains. 07/21/17

On July 21, 2017 - 10:55 AM By

WHEAT
General Comments: US markets were mixed as some rains developed in parts of the Dakotas and into Minnesota. Most of the rains were in eastern areas, but some rain was seen in western North Dakota as well. The market tone is more mixed, but the overall weather remains bullish. The weather is good […]

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Morning Softs. 07/21/17

On July 21, 2017 - 10:52 AM By

COTTON
General Comments: Cotton was higher in reaction to a positive weekly export sales report from USDA. The market is still trying to complete a bottom on the daily charts. Weather forecasts call for hot and dry weather that are causing some crop stress to continue in parts of Texas and into western growing […]

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Today at 2:00 P.M. we have Cattle and Cattle On Feed reports. News from Informa Economics IEG has adjusted production forecasts for Corn, Barley and Spring Wheat due to dry conditions and above-normal temperatures in the Northern Plains and Western Corn Belt. Informa Economics IEG will issue their next product survey for all crops in […]

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For oil and the markets, Russia is all the rage. There is the big OPEC/non-OPEC pow-wow in Russia and reports that Special Prosecutor Robert Mueller is opening an investigation into President Donald Trump’s business transactions with Russia one day after the President said that would be a red-line for him. Of course Robert Mueller had […]

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Morning Grains. 07/20/17

On July 20, 2017 - 10:01 AM By

DJ U.S. Export Sales: Weekly Sales Totals-Jul 20
For the week ended Jul 13, 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 […]

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Morning Softs. 07/20/17

On July 20, 2017 - 9:38 AM By

COTTON
General Comments: Cotton was mostly a little lower yesterday in quiet trading. The market is still trying to complete a bottom on the daily charts. Some more support was seen in the market due to forecasts for hot and dry weather that are causing some crop stress to continue in parts of Texas […]

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