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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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Morning Grains 05/18/17

On May 18, 2017 - 12:53 PM By

DJ U.S. Export Sales: Weekly Sales Totals – May 18
For the week ended May 11, 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 […]

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Morning Softs 05/18/17

On May 18, 2017 - 12:51 PM By

Brazil Plunges Back Into Political Crisis as Markets Brace (5)
Temer denies having authorized any obstruction of justice
The allegations are the latest development of Carwash probe
By Samy Adghirni, Mario Sergio Lima and Rachel Gamarski (Bloomberg) — Brazil was plunged back into a political crisis reminiscent of last year’s impeachment saga […]

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Morning Grains 04/28/17

On April 28, 2017 - 10:55 AM By

DJ CBOT Delivery Intentions: Totals – Apr 28
Source: CME Group
Contract Quantity Next Trade
Commodity Month Delivery Day Assigned Today Date Available
SOYBEAN MEAL May May. 01, 2017 303 Feb 27, 2017
SOYBEAN OIL May May. 01, 2017 1442 Apr 26, 2017
ROUGH RICE May May. 01, 2017 […]

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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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