General Comments: Cotton was higher on Friday. Trends remain up and the tone of the market remains positive. Current buying is reflecting the fact that merchants need to buy futures to cover on call positions. The weekly On Call report issued on Friday showed that more Cotton needs to be bought in the […]
General Comments: US markets closed a little lower on Friday, but Chicago markets were slightly higher for the week continued dry weather in the US Great Plains. Minneapolis closed a little lower for the week. There are no forecasts for significant precipitation in the Great Plains for now, and drought is seen in […]
Despite speculation that a rise in shale output would test the resolve of the OPEC/Non-OPEC accord, the two players that matter, Saudi Arabia and Russia, appear ready to double down on their production cut strategy. Saudi Energy Minister Khalid Al-Falih and Russian Oil Minister Alexander Novak, in an interview with Bloomberg News, both say that […]Continue Reading →
DJ U.S. Export Sales: Weekly Sales Totals – Jan 19
For the week ended Jan 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.
General Comments: Cotton was higher as the buyers appeared once again to cover short cash market positions. Trends remain up and the tone of the market remains positive. Current buying is reflecting the fact that merchants need to buy futures to cover on call positions Rather than the overall fundamentals presented in the […]
As the economy is rolling along after 1 year of action taken cutting Federal regulations and Tax cuts booming employment the politicians still don’t get it. These deceivers who were voted in to defend the Stars & Stripes are putting non-U.S. citizens above U.S. citizens and the most appalling part our military. It is plain […]Continue Reading →
The International Energy Agency came out with an “explosive” report talking about “explosive” production growth as the United States will become the undisputed leader in global oil production. Take that Saudi Arabia and Russia! The agency that is known by traders as the agency that has way under estimated, is now proclaiming the U.S. as the […]Continue Reading →
DJ USDA Monthly Grain Inspections: Exported By Rail – Jan 17
Minneapolis, MN Wed Jan 17, 2018 USDA MARKET NEWS
GRAINS INSPECTED AND/OR WEIGHED FOR EXPORT BY RAIL TO CANADA AND MEXICO
REPORT FOR MONTH ENDING DECEMBER 2017
Dec-17 Nov-17 Year to Date
CANADA Rail Cars […]
General Comments: Cotton was a little higher in consolidation trading. Trends remain up and the tone of the market remains positive. Current buying is reflecting the fact that merchants need to buy futures to cover on call positions Rather than the overall fundamentals presented in the USDA reports last week. The reports showed […]
We start off this Thursday with Housing Starts & Permits and Export Sales at 7:30 A.M. EIA Gas Storage at 9:30 A.M., EIA Energy Stocks at 10:00 A.M. and Dairy Product Sales at 2:00 P.M. The story in today’s market is jobs are flourishing and companies that moved out of the U.S. to avoid the […]Continue Reading →
Financials: Mar. Bonds are currently 23 lower at 149’19, 10 Yr. Notes 6 lower at 122’15 and 5 Yr. Notes 2 lower at 115’08. The long Dec. 2018/short Dec. 2019 Eurodollar spread has widened from last weeks 21 points premium the nearby to 23 points approaching my objective of 25-26 points premium the Dec. 2018. […]Continue Reading →
Now you see it. Now you don’t. Presto, change-o the U.S. oil glut has disappeared. Low oil prices and a booming global economy has caused the biggest oil glut in history to disappear before your very eyes. The American Petroleum Institute reported another massive 5.121 million barrels drop in U.S. crude supply dragging stockpiles back to […]Continue Reading →
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