Currently viewing the tag: "Morning Softs"

Morning Softs 5/22/15

On May 22, 2015 - 9:59 AM By

COTTON General Comments: Futures closed lower after failing to penetrate the highs of Wednesday. The US economic news was positive, but export sales were just solid and not super strong. Short term trends have turned down as the US crop gets planted. However, planting progress will be slow as rains are expected to return to [...]

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Morning Softs 5/21/15

On May 21, 2015 - 10:00 AM By

COTTON General Comments: Futures closed little changed after trading both sides of unchanged. The US economic news was positive, but the US Dollar was higher and hurt export demand ideas. Short term trends have turned down as the US crop gets planted. However, planting progress will be slow as rains are expected to return to [...]

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Morning Softs 5/20/15

On May 20, 2015 - 10:07 AM By

COTTON General Comments: Futures closed lower on follow through speculative selling. The US economic news was positive, but the US Dollar was sharply higher and hurt export demand ideas. Short term trends have turned down as the US crop gets planted. Ideas are that yields can be good this year as more tan enough rain [...]

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Morning Softs 5/19/15

On May 19, 2015 - 9:49 AM By

COTTON General Comments: Futures closed lower in response to comments by FED governors that the FED might not increase interest rates anytime soon. The reports implies that the economy is not rebounding as well as expected, but the FED is right to let the market lead the way to higher rates in this case. Prematurely [...]

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Morning Softs 5/18/15

On May 18, 2015 - 10:47 AM By

COTTON General Comments: Futures closed higher after trading both sides of unchanged. The weekend weather featured some showers in Texas and drier weather in much of the Delta and Southeast. Planting progress should be very strong in the USDA updates tonight, and it is possible that planting progress is now ahead of the five year [...]

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Morning Softs 5/15/15

On May 15, 2015 - 7:00 AM By

COTTON General Comments: Futures moved higher as the US Dollar moved lower. It appeared to be mostly speculative buying. The export sales report showed positive sales but they were not real big. USDA showed less production potential for the coming year, but also less demand potential, and ending stocks estimates remained high. In addition, USDA [...]

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Morning Softs 5/14/15

On May 14, 2015 - 10:24 AM By

COTTON General Comments: Futures moved higher as the US Dollar moved lower. It appeared to be mostly speculative buying as there was no real news about Cotton in the market. The reports from USDA on Tuesday were still creating some selling interest. USDA showed less production potential for the coming year, but also less demand [...]

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Morning Softs 5/13/15

On May 13, 2015 - 10:16 AM By

COTTON General Comments: It was a lower day again yesterday, this time in reaction to the USDA reports. USDA showed less production potential for the coming year, but also less demand potential, and ending stocks estimates remained high. In addition, USDA showed that world production should be big once again and that stocks would be [...]

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Morning Softs 5/12/15

On May 12, 2015 - 10:49 AM By

COTTON General Comments: It was a lower day again yesterday as longs continue to liquidate. The price action overall has been positive, but prices faded from the lower end of the resistance areas last week and turned trends weaker on daily charts. Prices have been stronger on uneven, but generally positive export demand and less [...]

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Morning Softs 5/14/15

On May 11, 2015 - 10:08 AM By

COTTON General Comments: It was a lower week for futures even with the positive close on Friday. Overall, the market is caught between support just below 6500 and resistance from 6800 to about 7150 on the weekly charts. The price action overall has been positive, but prices faded from the lower end of the resistance [...]

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Morning Softs 5/8/15

On May 8, 2015 - 10:26 AM By

COTTON General Comments: Futures closed lower after USDA showed weak export sales and under good weather that should promote rapid planting progress and good emergence. Ideas are that planting progress has expanded greatly this week and that the reports Monday should reflect big progress in planting. The US weather situation is better as beneficial rains [...]

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