Currently viewing the tag: "Morning Softs"

Morning Softs 8/29/14

On August 29, 2014 - 8:52 AM By

COTTON General Comments: Futures closed lower despite solid weekly export sales as weather remained supportive to big US crop production. There do not appear to be any threatening storms that could hurt fiber quality in the open bolls.. The northern √°reas of Texas should get a little rain and some cooler temperatures over the next [...]

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Morning Softs 8/28/14

On August 28, 2014 - 9:15 AM By

COTTON General Comments: Futures closed higher as new systems formed in the Gulf of Mexico and the Atlantic that could threaten crops with a lot of rain now that bolls are open. The new system could bring winds and rains to either Texas or the Delta, but has so far remained offshore. Traders are also [...]

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Morning Softs 8/27/14

On August 27, 2014 - 10:09 AM By

COTTON General Comments: Futures closed higher as new systems formed in the Gulf of Mexico and the Atlantic that could threaten crops with a lot of rain now that bolls are open. The new system could bring winds and rains to the state, but the forecast is very preliminary and much needs to be done [...]

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Morning Softs 8/26/14

On August 26, 2014 - 9:23 AM By

COTTON General Comments: Futures closed mostly higher in quiet trading. Crop conditions and progress remain generally good, and traders keep worrying about the demand side. A tropical system has moved east into the Atlantic and poses no threats for Cotton. There are no other systems of note to talk about, and traders report little stress [...]

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Morning Softs 8/25/14

On August 25, 2014 - 10:57 AM By

COTTON General Comments: Futures closed higher in quiet trading. Support came from forecasts for hot and dry weather to continue over the next few days in West Texas that could stress crops. Crop conditions dropped a Little last week in the USDA reports and could drop again this week. A tropical system has formed near [...]

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Morning Softs 8/22/14

On August 22, 2014 - 9:25 AM By

COTTON General Comments: Futures closed higher in nearby months and slightly lower in deferred months. The export sales report was called negative, but October rallies on tight supplies available in the short term. Further Support came from forecasts for hot and dry weather to develop over the next few days in West Texas that could [...]

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Morning Softs 8/21/14

On August 21, 2014 - 9:36 AM By

COTTON General Comments: Futures closed higher on follow through buying as USDA showed a bigger drop in crop condition rating tan had been expected by the trade. Traders had expected USDA to show about unchanged ratings. Further Support came from forecasts for hot and dry weather to develop over the next few days in West [...]

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Morning Softs 8/20/14

On August 20, 2014 - 9:16 AM By

COTTON General Comments: Futures closed slightly higher as USDA showed a bigger drop in crop condition rating tan had been expected by the trade. Traders had exp3cted USDA to show about unchanged ratings. However, USDA showed that the condition of the crop dropped in the last week, although overall ratings remain good to very good. [...]

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Morning Softs 8/19/14

On August 19, 2014 - 9:10 AM By

COTTON General Comments: Futures closed lower again yesterday as the trade anticipated good crop condition ratings from USDA. However, USDA showed that the condition of the crop dropped in the last week. The market remains in a short term trading range. Charts show that prices could easily move lower in the short term and buyers [...]

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Morning Softs 8/18/14

On August 18, 2014 - 12:16 PM By

COTTON General Comments: Futures closed slightly lower again Friday in consolidation trading. The market remains in a short term trading range. Ideas are that consumptive demand should increase with the current weak prices. However, charts show that prices could easily move lower in the short term and buyers feel no reason to step out and [...]

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Morning Softs 8/15/14

On August 15, 2014 - 9:33 AM By

COTTON General Comments: Futures closed slightly lower in consolidation trading. The export sales report was a little disappointing and gave a reason to sell, but buying interest is seen on breaks, mostly from short speculators who are covering some positions. Ideas are that consumptive demand should increase with the move to new lows after the [...]

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Morning Softs 8/14/14

On August 14, 2014 - 9:49 AM By

COTTON General Comments: Futures closed higher in recovery trading. Ideas are that consumptive demand should increase with the move to new lows after the report. However, charts show that prices could easily move lower in the short term. Prices are now near government loan values, and much of the Cotton could be pledged against loans [...]

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