Currently viewing the tag: "Morning Softs"

Morning Softs. 05/26/16

On May 26, 2016 - 10:12 AM By

COTTON
General Comments: Futures were mixed after an early push into resistance areas on the charts could not be sustained. Planting progress will turn slower now as showers and storms make their way through the Delta and Southeast. Planting was about average in the USDA reports, and producers might have enough done now so […]

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Morning Softs. 05/25/16

On May 25, 2016 - 9:35 AM By

COTTON
General Comments: Futures were higher in reaction to the USDA planting reports that showed delays, and on current weather forecasts suggesting that those delays will only get bigger. USDA showed that overall planting progress remains behind the average. Planting in Texas is the most behind due to dry conditions there. Planting in the […]

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Morning Softs. 5/24/16

On May 24, 2016 - 9:49 AM By

COTTON
General Comments: Futures were mostly a little higher, but July closed a little lower. The new crop futures got Support from ideas of planting delays. USDA showed that overall planting progress remains behind the average, but is slightly ahead of last year. Planting in Texas is the most behind due to dry conditions […]

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Morning Softs 5/23/16

On May 23, 2016 - 9:34 AM By

COTTON
General Comments: The market remains in an overall trading range as the crop gets planted in the US. China continues to auction off just over 30,000 tons of Cotton each day to domestic buyers. That has meant less imports from the world market, but so far there has been no sign that any […]

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Morning Softs 5/18/16

On May 18, 2016 - 9:39 AM By

COTTON
General Comments: Prices were higher and made new highs for the move. Trends turned up on the daily charts and the weekly charts show that the market held support. Many traders were not sure exactly why the market rallied, and pointed to the rallies in Chicago as the main reason. The Chinese auctions […]

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Morning Softs 5/17/16

On May 17, 2016 - 10:09 AM By

COTTON
General Comments: Prices were mostly a little lower yesterday. The Chinese auctions continued and as buyers there bought all available offers. The government has increased the offer size due to the strong demand. World prices have been soft as the auctions have progressed. US plantings are progressing under mixed conditions. The area of […]

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Morning Softs 5/16/16

On May 16, 2016 - 10:51 AM By

COTTON
General Comments: Prices were a little lower on Friday as the move lower completed its second week. Demand worries continued to surface as the Chinese auctions continued and as buyers there bought all available offers. There are reports that the government will start to increase the offer size due to the strong demand. […]

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Morning Softs 5/13/16

On May 13, 2016 - 2:39 PM By

COTTON
General Comments: Futures closed mostly a little higher as the export sales report was improved. October and December were slightly lower. It has been wet in many production areas so far this month, and the Delta and Southeast are likely to remain wet for the short term. Conditions should improve in western Texas […]

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Morning Softs 5/12/16

On May 12, 2016 - 3:01 PM By

COTTON
General Comments: Futures closed lower on follow through selling tied to ideas that demand will stay weak and that China will remain a very light volume buyer. USDA increased production ideas for the coming crop more than trade ideas on expected increases in planted area and better growing conditions. Domestic demand was left […]

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Morning Softs. 5/11/16

On May 11, 2016 - 10:15 AM By

COTTON
General Comments: Futures closed lower in response to the USDA reports. USDA increased production ideas for the coming crop more than trade ideas on expected increases in planted area and better growing conditions. Domestic demand was left unchanged, but exports were increased due to more Cotton being produced. US ending stocks were higher […]

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Morning Softs. 5/10/16

On May 10, 2016 - 11:09 AM By

COTTON
General Comments: Futures closed lower on demand concerns. The market is worried about lost Chinese demand as the initial auctions last week found much buying interest. The quality offered from government reserves has been very good as much of the offer has been for imported fiber. The government is auctioning 30,000 tons per […]

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Morning Softs. 5/9/16

On May 9, 2016 - 10:06 AM By

COTTON
General Comments: Futures closed higher in consolidation trading. Planting is making better progress in the US this week under dry conditions. Some big storms are coming, so producers are moving to get as much planted as possible. The main world production problems still center on India and Pakistan, where the losses last year […]

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