Currently viewing the tag: "Morning Softs"

Morning Softs 12/17/14

On December 17, 2014 - 10:11 AM By

COTTON General Comments: Futures were lower on weaker US housing data nd as the Ruble continued to implode. However, prices overall held the range even with the bad action. It is still posible that a seasonal low is being made, but there remain few reasons to expect a big bull market to begin in the [...]

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Morning Softs 12/16/14

On December 16, 2014 - 10:05 AM By

COTTON General Comments: Prices continue to trade in a sideways fashion, but is starting to show signs that a seasonal bottom has been found. Nearby months closed slightly higher, but deferred months closed a little lower. Trading ranges were narrow, and the market seems to be in a holiday mood already. Better US economic data [...]

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Morning Softs 12/15/14

On December 15, 2014 - 12:26 PM By

DJ U.S. Total Prevented Acreage Data – Dec 15 U.S. acreage data for select crops reported as planted, failed and prevented by farmers to the Farm Service Agency. Prevented acres is land not planted due to poor conditions. Failed acres is land farmers planted and abandoned. Farmers participating in various FSA programs are required to [...]

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Morning Softs 12/12/14

On December 12, 2014 - 10:19 AM By

COTTON General Comments: Prices closed higher on positive economic data from the US government and better than expected export sales. USDA cut its estimate for domestic Cotton production in its updates on Wednesday. The production losses were mostly in Texas. But, the world data showed less demand from important importers and higher ending stocks. The [...]

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Morning Softs 12/11/14

On December 11, 2014 - 10:30 AM By

COTTON General Comments: Prices closed lower in reaction to the USDA reports. USDA cut its estimate for domestic Cotton production and that supported a rally attempt. The production losses were mostly in Texas. But, the world data showed less demand from important importers and higher ending stocks, and that pushed the price back into negative [...]

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Morning Softs 12/10/14

On December 10, 2014 - 9:35 AM By

COTTON General Comments: Prices closed a little higher as the market gets ready for new WASDE estimates that will be released later today. A weaker US Dollar provided some support. The US is the world’s largest exporter, so major strength in the US Dollar against world currencies could damage the overall demand profile and keep [...]

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Morning Softs 12/9/14

On December 9, 2014 - 2:11 PM By

COTTON General Comments: Prices closed a little lower as the market gets ready for new WASDE estimates tomorrow. The market could not hold rally attempts even with some very positive employment data from the US on Friday as the data also caused a big rally in the US Dollar. The data implied that US domestic [...]

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Morning Softs 12/8/14

On December 8, 2014 - 10:30 AM By

COTTON General Comments: Prices continue to trade with a weak tone. The market could not hold rally attempts even with some very positive employment data from the US on Friday as the data also caused a big rally in the US Dollar. The data implied that US domestic demand could improve as more people are [...]

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Morning Softs 12/5/14

On December 5, 2014 - 11:39 AM By

DJ U.S. October Coffee, Cocoa Imports-Dec 5 In kilograms from the U.S. Commerce Department, converted to pounds by Dow Jones. —-Oct 2014—- —-Sep 2014—- -coffee- kilograms pounds kilograms pounds coffee, unroasted 97,043,335 213,980,554 105,390,542 232,386,145 coffee, roasted 5,713,392 12,598,029 5,785,594 12,757,235 coffee, soluble instant 3,919,459 8,642,407 3,425,253 7,552,683 -Cocoa- cocoa beans 17,203,177 37,933,005 16,716,106 36,859,014 [...]

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Morning Softs 12/4/14

On December 4, 2014 - 10:08 AM By

COTTON General Comments: Futures closed higher and remains in a short term trading range. Some Support came from forecasts for rains to fall in Texas over the next few days that could impact quality a little bit. Export demand for US Cotton is in question again as China is the worlds largest importer and the [...]

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Morning Softs 12/3/14

On December 3, 2014 - 10:03 AM By

COTTON General Comments: Futures closed higher and remains in a short term trading range. Export demand for US Cotton is in question again as China is the worlds largest importer and the biggest Customer for the US. It has a weakening economy and has not been a big buyer at all from anyone. The best [...]

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Morning Softs 12/2/14

On December 2, 2014 - 9:59 AM By

COTTON General Comments: Futures closed lower on disappointing economic data from China yesterday. The manufacturing index there was lower than expected and implied that the economy is not doing too well. Domestic demand ideas took a hit as well as holiday shopping over the long weekend was $50.9 billion, down 11% from last year. Export [...]

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