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Morning Grains 09/19/17

On September 19, 2017 - 12:15 PM By

DJ USDA Grain Inspections for Export in Metric Tons – Sep 18
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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[Myra P. Saefong & Sara Sjolin, MarketWatch] WTI oil rallies for the session, but loses about 6% for the month. The October contract for WTI crude saw about a slide of 5.9% in August, according to Dow Jones data, while Brent lost 0.5% for the month. Crude got a boost Thursday with the assumption that […]

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Financials: Dec. Bonds are currently 5 lower at 155’03, 10 Yr. Notes 5 lower at 126’15 and 5 Yr. Notes 3 lower at 118’08.2. The market has rallied over the last week as traders sought safe haven as securities backed off and indicators showed a lack of inflation high enough to meet Fed target of […]

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It is if that they just can’t seem to light a fire. Any type of bullish news investors think of buying value is met with stiff resistance. Investors concerned with yields or lack thereof are reminded that the carryover from last year is ruling the bearish overtones and defeating the bulls. In the overnight electronic […]

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This morning we kickoff the day with CPI and Real Earnings at 7:30 A.M. We have the Mountain Day holiday in Japan and some Asian markets are closed in observance. The Grains took a real beating after yesterday’s USDA data which was released at 11:00 A.M. The big question is was this huge break overdone? […]

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[Daniel J. Graeber, UPI] The price of oil moved lower late Tuesday on what was seen as a bearish report on U.S. oil and gasoline inventories. Crude oil prices were on solid black territory in early Wednesday trading as geopolitical tensions escalated between the United States and North Korea. Crude oil prices drifted into negative […]

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Financials: Sept. Bonds are currently 15 higher at 154’21, 10 Yr. Notes 4 higher at 126’07.5 and 5 Yr. Notes 2 higher at 118’08.5. Yesterday’s ADP private jobs number came in at 178K, slightly below expectations of 180K. This number usually correlates closely with the monthly Unemployment Report of which guesstimates so far reflect an […]

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The Windy City Trader 7/25/17

On July 25, 2017 - 1:40 PM By

Late last week the headlines rang out “JUICE IS FREE !!!!”. Orange juice immediately dropped 20 cents on that news. OK just kidding folks, that’s just how my warped brain thinks. But remember other OJ, 3 strikes and you’re out.
Metals: Fed inaction on interest rates continues to weaken the US Dollar which has […]

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As we close in on the 4th of July weekend we kick off this Thursday with Export Sales, 1st Quarter GDP and Initial Jobless Claims at 7:30 A.M. The weekly EIA Gas Storage at 9:30 A.M. and Hogs & Pigs at 2:00 P.M. Today’s reports should shine a light of the climate change in the […]

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Morning Softs 06/20/2017

On June 20, 2017 - 10:10 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. However, USDA showed lower condition ratings from a week ago, so a short term rally is possible starting today. The daily charts show that futures could be oversold and […]

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The way the futures traded yesterday investors are just not buying into the negative news on the Corn crop. Crop conditions came in the low side of the average and may spark a summer rally despite the healthy South American crop. Now a key question traders are pondering is soil moisture and enough rain. This […]

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Financials: Sep. Bonds are currently 12 lower at 153’14, 10 Yr. Notes 4 lower at 126’05.5 and the 5 Yr. Notes 2.5 lower at 118’07.5. As of this writing the trade is expecting an increase of 180,000 jobs for non-farm payrolls for tomorrows Jobs Report. We have patiently been on the sidelines awaiting an opportunity […]

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