Currently viewing the tag: "Morning Softs"

Morning Softs. 07/22/16

On July 22, 2016 - 9:42 AM By

COTTON
General Comments: Cotton futures closed higher on stronger tan expected export sales. The sales were good despite news of less Chinese demand. It remains very hot and dry in Texas and in all parts of the western Great Plains, and there is no real relief in sight. Crops in the Delta and Southeast […]

Continue Reading

Morning Softs. 07/21/16

On July 21, 2016 - 10:15 AM By

COTTON
General Comments: Cotton futures closed lower on the higher US Dollar and ideas the stronger Dollar could hurt export demand. It remains very hot and dry in Texas and in all parts of the western Great Plains, and there is no real relief in sight. Crops in the Delta and Southeast are in […]

Continue Reading

Morning Softs. 07/20/16

On July 20, 2016 - 9:30 AM By

COTTON
General Comments: Cotton futures closed lower on the higher S Dollar and the strong crop progress and condition report released on Monday night. Progress was as good as expected, and condition was stable against ideas of slight deterioration. The market is still reacting mostly to the weather. It remains very hot and dry […]

Continue Reading

Morning Softs. 07/19/16

On July 19, 2016 - 9:56 AM By

COTTON
General Comments: Cotton futures closed mixed, with nearby Contracts a little lower and deferred Contracts a little higher. USDA issued its weekly crop progress and condition reports last night. Progress was as good as expected, and condition was stable against ideas of slight deterioration. The market is still reacting mostly to the weather. […]

Continue Reading

Morning Softs. 07/15/16

On July 18, 2016 - 12:26 PM By

COTTON
General Comments: Cotton futures closed higher on follow through buying. USDA showed greater than expected export demand in the monthly updates, and this translated into lower tan expected ending stocks estimates. Bigger world demand was positive as well as a lot of that demand is expected to be filled by the US this […]

Continue Reading

Morning Softs. 07/14/16

On July 14, 2016 - 9:43 AM By

COTTON
General Comments: Cotton futures closed sharply higher on follow through buying from the USDA reports. USDA showed greater than expected export demand in the monthly updates, and this translated into lower tan expedited ending stocks estimates. The reaction has been big as the reports did nt show the potential for any type of […]

Continue Reading

Morning Softs. 07/13/16

On July 13, 2016 - 11:06 AM By

COTTON
General Comments: Cotton futures closed sharply higher to limit up in reaction to the USDA reports. USDA showed greater tan expected export demand in the monthly updates, and this translated into lower tan expected ending stocks estimates. The production was in line with or higher tan trade expectations, but the increased demand caught […]

Continue Reading

Morning Softs. 07/12/16

On July 12, 2016 - 9:10 AM By

COTTON
General Comments: Cotton futures closed higher in reaction to less than expected rains in the major growing areas of the US and ideas of deteriorating crop conditions. USDA showed some deterioration in crop conditions after the close. The weather remains generally good in the Delta and Southeast, but it is hot again in […]

Continue Reading

Morning Softs. 07/11/16

On July 11, 2016 - 10:20 AM By

COTTON
General Comments: Cotton futures closed higher in reaction to strong and better than expected export sales in the Friday reports. The market briefly moved to new highs, then fell back into the upper half of the recent trading range. The selling seen much of the week tied to broad based commodities selling from […]

Continue Reading

Morning Softs. 07/08/16

On July 8, 2016 - 9:02 AM By

COTTON
General Comments: Cotton futures closed lower after trading both sides of unchanged. The selling seemed tied to broad based commodities selling from the funds. The weather remains generally good in the Delta and Southeast, but it is hot again in Texas. It should be mostly dry for the next week or so. Hopes […]

Continue Reading

Morning Softs. 07/07/16

On July 7, 2016 - 9:40 AM By

DJ U.S. May Coffee, Cocoa Imports – Jul 6
In kilograms from the U.S. Commerce Department, converted to pounds
by Dow Jones.
—-May 2016—- —-Apr 2016—-
-coffee- kilograms pounds kilograms pounds
coffee, unroasted 135,024,468 297,728,952 122,192,606 269,434,696
coffee, roasted 6,671,587 14,710,849 6,947,948 15,320,225
coffee, soluble
instant 3,774,866 […]

Continue Reading

Morning Softs. 07/06/16

On July 6, 2016 - 10:14 AM By

COTTON
General Comments: Cotton futures closed higher and still remain in a trading range. The weather remains generally good as it is not too hot right now and some showers were reported over the weekend in the Delta and Southeast. It should be mostly dry for the next week or so. Hopes for better […]

Continue Reading