Currently viewing the tag: "Morning Softs"

Morning Softs 11/26/14

On November 26, 2014 - 10:53 AM By

HOLIDAY HOURS: Normal hours Wednesday. All US markets closed on Thursday. Normal opening hours on Friday, but Cotton opens at 7:00 AM. All US markets will close at 12:00 Noon on Friday eastrn time. COTTON General Comments: Futures closed higher, but remain stuck in a trading range. Export demand for US Cotton is bad and [...]

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Morning Softs 11/25/14

On November 25, 2014 - 10:06 AM By

COTTON General Comments: Futures closed lower as demand worries returned to the market. China might be forced to cut its interest rates again to help its economy, and remains a weak importer of Cotton this year in any case as it works to reduce its own government supplies. Thee is no sign that import demand [...]

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Morning Softs 11/24/14

On November 24, 2014 - 9:51 AM By

COTTON General Comments: Futures closed higher on news that the European Central Bank was once again moving towards a QE program to Support the European economy and that China could cut interest rates to Support its economy. Demand hopes prevailed, but charts show that Cotton futures remain in a short term trading range. Japan is [...]

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Morning Softs 11/20/14

On November 20, 2014 - 10:10 AM By

COTTON General Comments: Futures closed lower. Trends remain down overall due to a stronger US Dollar and on fears of world economic growth. Japan is back in a recession, and the EU is having trouble getting its house in order to promote growth. Harvest progress remains good, and producers are selling. There will be no [...]

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Morning Softs 11/19/14

On November 19, 2014 - 9:48 AM By

COTTON General Comments: Futures closed higher on a short covering rally, but trends remain down overall due to a stronger US Dollar and on fears of world economic growth. Japan is back in a recession, and the EU is having trouble getting its house in order to promote growth. Trends turned down with the price [...]

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Morning Softs 11/18/14

On November 19, 2014 - 8:20 AM By

COTTON General Comments: Futures closed lower on a stronger US Dollar and on fears of world economic growth. Japan is back in a recession, and the EU is having trouble getting its house in order to promote growth. Trends turned down with the price action last week. Harvest progress remains good, and producers are selling. [...]

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Morning Softs 11/14/14

On November 14, 2014 - 9:52 AM By

COTTON General Comments: Futures closed lower and made new lows for the move. Trends turned down after trading in a range for weeks yesterday. It was the lowest close for a nearby contract since late 2009. Harvest progress remains good, and producers are selling. USDA estimated higher US and global production in its reports this [...]

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Morning Softs 11/13/14

On November 13, 2014 - 8:35 AM By

COTTON General Comments: Futures closed lower. Futures remain in a trading range on daily and weekly charts, but trends are trying to turn down again. Harvest progress remains good, and ideas are that producers will have to start selling. Producers are not selling as prices are low and the USDA loan support program offers a [...]

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Morning Softs 11/12/14

On November 12, 2014 - 11:45 AM By

COTTON General Comments: Futures closed higher. Futures remain in a trading range on daily and weekly charts. Harvest progress remains good, and ideas are that producers will have to start selling. Producers are not selling as prices are low and the USDA loan support program offers a better deal for them. The weather is good [...]

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Morning Softs 11/11/14

On November 11, 2014 - 8:41 AM By

COTTON General Comments: Futures closed lower in response to the USDA reports. The reports showed small increases for supplies in just about all major producing and exporting countries, and reduced demand potential from China. The overall tone of the reports was bearish, although there was not any single item that anyone could point to as [...]

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Morning Softs 11/10/14

On November 10, 2014 - 10:04 AM By

COTTON General Comments: Futures closed a little higher. Futures remain in a trading range on daily and weekly charts. Trading seemed related to only light offers in cash markets and in preparation for the USDA reports on Monday. Harvest progress remains good, and ideas are that producers will have to start selling. Producers are not [...]

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Morning Softs 11/7/14

On November 10, 2014 - 7:51 AM By

COTTON General Comments: Futures closed a little higher despite a poor export sales report and a very strong US Dollar. Trading seemed related to only light offers in cash markets and in preparation for the USDA reports on Monday. Harvest progress remains good, and ideas are that producers will have to start selling. Producers are [...]

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