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The following  CME Group margins are changing at the close of business today:   http://www.cmegroup.com/notices/clearing/2017/04 _____________________________________________________ Legend
EH: Exchange Holidays | LT: Futures Last Trading Day | OE: Option Expiration Day
FN: Futures First Notice Day | LN: Futures Last Notice Day | FD: Futures First Delivery Date
LD: Futures Last Delivery […]

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Crude Draw. The Energy Report 04/05/17

On April 5, 2017 - 7:48 AM By

The biggest crude oil draw of the year and drops in gas and distillate supply is signaling that the global oil market is already in balance. The American Petroleum Institute (API) reported that crude oil inventory fell by 1.3 million barrels last week. This came even as supply in Cushing, Oklahoma increased by 300,000 barrels […]

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Today we have the ISM Non-Manufacturing Index at 9:00 A.M., EIA Energy Stocks at 9:30 A.M. Fed minutes from the March meeting and Dairy Products and Dairy Product Sales at 2:00 P.M. Last night’s API data showed a bullish spin with Crude Oil inventories down 1.8 million barrels which showed the OPEC production cuts are […]

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This morning starting at 7:30 A.M. we have the U.S. Trade Balance, Factory Orders at 9:00 A.M. and at 3:30 P.M. the weekly API Energy Stocks. Yesterday’s protracted number of reports with mixed signals had investors keeping their cards close to their vest. And the news of another terrorist attack this time in a St. […]

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The crude oil glut does not help gasoline supply. Gasoline prices hit the highest price since last January as supply continues to fall and demand continues to rise. While traders are fixated on the so-called glut of oil supply and the resumption of Libya’s largest oil field, the global surplus is tightening. Bloomberg News reports […]

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Morning Softs 04/03/17

On April 4, 2017 - 7:56 AM By

COTTON
General Comments: Cotton futures closed higher on Friday in reversal trading. It was a strong positive reaction to what appeared to be a bearish plantings intentions report. The USDA reports showed planted area potential above 12.2 million acres against the average trade guess of 11.4 million acres. The strong reaction suggests that many […]

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Morning Grains 04/03/17

On April 4, 2017 - 7:55 AM By

DJ USDA Report: Summary for Quarterly Grain, Soybean Stockpiles & U.S. Planting
Following are key numbers from the USDA’s March 1 Quarterly Grain,
Soybean Stockpiles and 2017 U.S. Grain, Soybean Prospective Planting
reports Friday and how the government’s estimates compared to analysts’
forecasts in a Wall Street Journal survey.
U.S. […]

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We will have a busy week ahead of us as always with the first week of the month. This morning we start with Construction Spending and ISM Manufacturing Index and 9:00 A.M. New York Fed president William Dudley and Richmond Fed president Jeffrey Lacker speaking today at different venues but may drop hints of Fed […]

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Committed. The Energy Report 04/03/17

On April 3, 2017 - 9:34 AM By

OPEC is committed to extending production cuts as the global oil market continues to see inventories fall. While the U.S. oil rig count rose, it plummeted in Canada offsetting the gains. This comes after Morgan Stanley reports that crude stockpiles are, “less visible, as supply in Asia and in floating storage have fallen by 72 […]

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Morning Grains 03/31/17

On March 31, 2017 - 11:03 AM By

DJ Survey: Mar. 1 Quarterly Grain, Soybean Stockpiles Estimates
CHICAGO–The following are analysts’ estimates in millions of bushels for March 1 quarterly U.S. grain and soybean stockpiles, as compiled by The Wall Street Journal. The U.S. Department of Agriculture is scheduled to release updated tables at noon ET on Friday.
U.S. Stockpiles on […]

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Morning Grains 03/28/17

On March 28, 2017 - 11:24 AM By

DJ USDA Grain Inspections for Export in Metric Tons – Mar 27
Source: USDA
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 […]

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Oil Futures End Mixed Monday

On March 28, 2017 - 7:12 AM By

[George Orwell, DTN Energy][3/27/17] New York Mercantile Exchange spot-month oil futures settled mixed Monday afternoon after the West Texas Intermediate and ULSD contracts tested last week’s lows amid concern over increasing U.S. crude production. Talk that the Organization of the Petroleum Exporting Countries is now open to extending their oil production cuts through the rest […]

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