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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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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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