Currently viewing the tag: "Morning Softs"

Morning Softs 03/29/17

On March 29, 2017 - 10:12 AM By

Price Group Estimates of Major U.S. Planting Levels*
USDA Ag Forum Price Change
15/16 16/17 17/18 E- 17/18 vs. 2015/16 Corn 88.00 94.00 90.00 90.28 -3.724
Beans 82.65 83.43 88.00 88.30 4.867
Sprg Wht 13.37 11.61 11.52 11.35 -0.255
Durum 1.95 2.41 2.10 2.08 -0.337
Winter 39.68 36.14 32.38 […]

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Morning Softs 03/28/17

On March 28, 2017 - 11:23 AM By

COTTON
General Comments: Cotton futures closed lower on what appeared to be speculative long liquidation. The selling is coming before the USDA reports at the end of the week that will likely show the potential for a big US crop. Export demand has remained strong and has been stronger than expected by USDA and […]

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Morning Softs 03/27/2017

On March 27, 2017 - 10:52 AM By

COTTON
General Comments: Cotton futures closed slightly higher in the nearby months, but slightly lower in deferred months. The market was anticipating another strong week of export demand and the trade got what it was looking for on Thursday. Now the market will shift attention to the USDA plantings intentions reports that could show […]

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Morning Softs. 03/24/17

On March 24, 2017 - 10:21 AM By

COTTON
General Comments: Cotton futures closed slightly lower after trading higher in the first part of the day. The market was anticipating another strong week of export demand and the trade got what it was looking for as the sales were in fact very strong once again. Cotton remains mostly a demand story as […]

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Morning Softs. 03/23/17

On March 23, 2017 - 9:36 AM By

COTTON
General Comments: Cotton futures closed higher after holding Support on the daily charts. The market was anticipating another strong week of export demand. Cotton remains mostly a demand story as US export demand has been stronger than any trade expectations so far this year. The demand for US Cotton remains solid despite the […]

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Morning Softs. 03/21/17

On March 21, 2017 - 9:40 AM By

COTTON
General Comments: Cotton futures closed mixed, with nearby May moving lower, but new crop months moving higher. The daily charts show that May hit first targets for the move and then found some big long liquidation and new selling interest. The weekly charts show that the current up trend is now one year […]

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Morning Softs. 03/20/17

On March 20, 2017 - 9:50 AM By

COTTON
General Comments: Cotton futures closed higher on Friday and higher for the week. The weekly charts show that the current up trend is now one year old and the move higher shows no sign of abating. Traders anticipate that future could son trade above 8000 May to perhaps 8200 or 8300 May. Cotton […]

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Morning Softs. 03/17/17

On March 17, 2017 - 9:27 AM By

COTTON
General Comments: Cotton futures closed little changed after an early rally tied to another week of strong export sales failed to hold. It was a disappointing day for bullish traders as the price action did not mirror the news. Longer term trends still appear to be up and the market should have good […]

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Morning Softs. 03/16/17

On March 16, 2017 - 9:57 AM By

COTTON
General Comments: Cotton futures closed higher and held recent lows. The market now acts as if a test of recent highs is coming. Longer term trends still appear to be up and the market should have good support on any further setbacks in price. Cotton remains mostly a demand story as US export […]

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Morning Softs. 03/15/17

On March 15, 2017 - 9:34 AM By

COTTON
General Comments: Cotton futures closed a little higher in consolidation trading. Longer term trends still appear to be up and the market should have good support on any further setbacks in price. Cotton remains mostly a demand story as US export demand has been stronger than any trade expectations so far this year. […]

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Morning Softs. 03/14/17

On March 14, 2017 - 9:41 AM By

COTTON
General Comments: Cotton futures closed lower again yesterday on follow through long liquidation from speculators. Futures continue to leak lower and could continue the short term move down after a rally that has been underway for several months. However, longer term trends still appear to be up and the market should have good […]

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Morning Softs. 03/13/17

On March 13, 2017 - 10:46 AM By

COTTON
General Comments: Cotton futures closed lower on Friday on some long liquidation from speculators. Futures closed about unchanged for the week. USDA raised export demand and cut US ending stocks more than most trade expectations in its supply and demand updates on Thursday. However, it narrowed the top end of the farm price […]

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