Currently viewing the tag: "Fundamental Analysis"

Morning Grains 07/26/17

On July 26, 2017 - 10:23 AM By

WHEAT
General Comments: US markets were lower as some forecasts for rains were made for in parts of the Dakotas and into Minnesota. Minneapolis Spring Wheat markets were hit the hardest by selling once again. After the close, the Spring Wheat tour noted below average production potential in the eastern Dakotas and western Minnesota. […]

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Morning Softs 07/26/17

On July 26, 2017 - 9:47 AM By

COTTON
General Comments: Cotton was higher yesterday in reaction to the USDA crop reports released Monday afternoon. USDA showed crop deterioration due mostly to bad weather conditions in the Texas Panhandle and into the Southwest and Far West. The market is still trying to complete a bottom on the daily charts. Weather forecasts call […]

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Oil prices had its biggest up move of the year, rising 3.3% on lower supply and higher demand. I don’t mean to be so fundamental about the fundamentals, but in truth, that’s why we soared! Oil prices surged even before the American Petroleum Report (API) reported another massive crude oil crude withdrawal. The 10.23-million-barrel draw, […]

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This morning we have June Home Sales at 9:00 A.M., EIA Energy Stocks at 9:30 A.M., Dairy Product Sales at 2:00 P.M., FOMC Meeting and more Earnings. On the Corn front the market is fighting on a lesser percentage of good to excellent rating, weather and carryover from last year. The Grain complex was a […]

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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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Morning Grains 07/25/17

On July 25, 2017 - 10:19 AM By

DJ USDA Grain Inspections for Export in Metric Tons – Jul 24 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 AVAILABLE. GRAINS INSPECTED AND/OR […]

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Morning Softs 07/25/17

On July 25, 2017 - 10:17 AM By

COTTON            General Comments:  Cotton was slightly lower yesterday in consolidation trading.   After the close, USDA showed crop deterioration due mostly to bad weather conditions in the Texas Panhandle and into the Southwest and Far West.  The market is still trying to complete a bottom on the daily charts.  Weather forecasts call for hot and dry […]

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Today we start the day with Consumer Confidence at 9:00 A.M., API Energy Stocks at 3:30 P.M and the FOMC Meeting today and tomorrow. On the Corn front the USDA Crop Progress was not exactly glowing with Corn good to excellent rating down 2% at 62% with Silkings at 67% up 27%. Traders still seem […]

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Oil prices are on the rise as Saudi Arabia pledges to reduce oil exports and the fact that US shale pains are becoming more obvious to the market. Halliburton is warning that the US oil rig count is about to plateau or “peak shale” which we predicted in my recent energy webinar and for an […]

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This morning we start of the week with a weak Grain complex and a higher U.S. dollar. At 9:00 A.M. we have Existing Home Sales followed with Export Inspections at 10:00 A.M., Cold Storage at 2:00 P.M. which could be further bullish news to the Live Hogs and we have Crop Progress at 3:00 P.M. […]

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OPEC and non -OPEC leaders are wrapping up their meeting in St. Petersburg Russia and it looks like it has yielded some positive results. Not only did Nigeria agree to cap their oil production output at 1.8 million barrels a day, the Saudi Oil Minister Khalid al Falih, speaking after the meeting broke up, seemed […]

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Morning Grains. 07/21/17

On July 21, 2017 - 10:55 AM By

WHEAT
General Comments: US markets were mixed as some rains developed in parts of the Dakotas and into Minnesota. Most of the rains were in eastern areas, but some rain was seen in western North Dakota as well. The market tone is more mixed, but the overall weather remains bullish. The weather is good […]

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