Currently viewing the tag: "Morning Softs"

Morning Softs Report 02/02/18

On February 2, 2018 - 8:01 AM By

COTTON
General Comments: Cotton was sharply higher to limit up in early trading in reaction to the very strong export sales report. Some selling from producers and speculators took futures off the best levels of the day, but it was still a very firm close. The reports yesterday showed that world demand for Cotton […]

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Morning Softs Report 02/01/18

On February 1, 2018 - 9:49 AM By

COTTON
General Comments: Cotton was a little higher as the big speculative selling seen in the last few days started to dry up and as commercials used the current price break to fix some on call purchases. The weekly charts suggest that a bigger correction might be coming as futures could work lower in […]

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Morning Softs Report 01/31/18

On January 31, 2018 - 10:01 AM By

COTTON
General Comments: Cotton was lower once again on follow through selling. The selling seemed to be mostly long liquidation. The weekly charts suggest that a bigger correction might be coming as futures could work lower in the short-term to find new demand. If so, the downside could be limited if the US Dollar […]

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Morning Softs Report 01/30/18

On January 30, 2018 - 12:03 PM By

COTTON
General Comments: Cotton was sharply lower on follow through selling. The selling seemed to be mostly long liquidation and started last Friday with the weak export sales report from USDA. Some selling cameo n the stronger US Dollar amid ideas that the Dollar might have bottomed. The weekly sales of Upland Cotton were […]

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Morning Softs 01/29/18

On January 29, 2018 - 9:25 AM By

COTTON
General Comments: Cotton was sharply lower in response to the por weekly export sales report from USDA. The weekly sales of Upland Cotton were as low as they had been in several months, and the news provided a fundamental reason to sell futures. The weekly charts suggest that a bigger correction might be […]

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Morning Softs 1/26/18

On January 26, 2018 - 10:13 AM By

COTTON
General Comments: Cotton was mixed, with nearby months a little lower and deferred months a little higher. Bullish traders have not been able to extend the recent rally, and the market has settled into a consolidation trade. A bigger correction might be coming. Current buying is reflecting the fact that merchants need to […]

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Morning Softs 01/25/18

On January 25, 2018 - 10:11 AM By

COTTON
General Comments: Cotton was a little higher after trading both sides of unchanged. The weaker US Dollar supported demand ideas and buyers. The market has not been able to extend the rally since last week and a bigger corrction might be coming. Current buying is reflecting the fact that merchants need to buy […]

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Morning Softs 01/24/18

On January 24, 2018 - 9:47 AM By

COTTON
General Comments: Cotton was lower on what appeared to be speculative long liquidation. Trends remain up, but the market has not been able to extend the rally since last week and a bigger corrction might be coming. Current buying is reflecting the fact that merchants need to buy futures to cover on call […]

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Morning Softs 01/23/18

On January 23, 2018 - 10:32 AM By

COTTON
General Comments: Cotton was near unchanged yesterday after trading both sides of unchanged. Trends remain up. Current buying is reflecting the fact that merchants need to buy futures to cover on call positions. The weekly On Call report isssued on Friday showed that more Cotton needs to be bought in the futures market. […]

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Morning Grains 01/22/18

On January 22, 2018 - 10:59 AM By

WHEAT
General Comments: US markets closed a little lower on Friday, but Chicago markets were slightly higher for the week continued dry weather in the US Great Plains. Minneapolis closed a little lower for the week. There are no forecasts for significant precipitation in the Great Plains for now, and drought is seen in […]

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Morning Softs Report 01/19/18

On January 19, 2018 - 10:12 AM By

COTTON
General Comments: Cotton was higher as the buyers appeared once again to cover short cash market positions. Trends remain up and the tone of the market remains positive. Current buying is reflecting the fact that merchants need to buy futures to cover on call positions Rather than the overall fundamentals presented in the […]

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Morning Softs Report 01/18/18

On January 18, 2018 - 10:12 AM By

COTTON
General Comments: Cotton was a little higher in consolidation trading. Trends remain up and the tone of the market remains positive. Current buying is reflecting the fact that merchants need to buy futures to cover on call positions Rather than the overall fundamentals presented in the USDA reports last week. The reports showed […]

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