Currently viewing the tag: "Softs"

Morning Softs. 02/24/17

On February 24, 2017 - 8:56 AM By

COTTON
General Comments: Cotton futures closed higher despite higher acreage projections released at the USDA Outlook Conference. It seems that the trade had feared even bigger planted area estimates. The planted area could increase, but seems to be a reasonable estimate and now many in the trade will calculate production potential base don a […]

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Morning Softs. 02/23/17

On February 23, 2017 - 10:32 AM By

COTTON
General Comments: Cotton futures were mostly lower, but March closed higher on the light deliveries and forced a correction in the carry spreads. Chart trends are down on the daily charts and the weekly charts show that the up trend got hurt. Futures now appear ready to test longer term support near 7200 […]

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Morning Softs. 02/22/17

On February 22, 2017 - 9:56 AM By

COTTON
General Comments: Cotton futures were higher, but nearby March was barely higher as that month goes into delivery. Chart trends are down on the daily charts and the weekly charts show that the up trend got hurt. Futures now appear ready to test longer term support near 7200 May. US export demand remains […]

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Morning Softs. 02/21/17

On February 21, 2017 - 12:11 PM By

COTTON
General Comments: Cotton futures were lower on what appeared to be follow through speculative selling. Chart trends turned down on the daily charts and the weekly charts show that the up trend got hurt. Futures now appear ready to test longer term support near 7200 May. US export demand remains solid at this […]

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Morning Softs. 02/17/17

On February 17, 2017 - 10:44 AM By

COTTON
General Comments: Cotton futures were lower on what appeared to be follow through speculative selling. There is a chance that the market is forming a top in this price area. More selling today might be enough to turn short term trends down. The export sales report showed improved sales, but the trade was […]

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Morning Softs. 02/16/17

On February 16, 2017 - 9:57 AM By

COTTON
General Comments: Cotton futures were lower in the front months, but higher in new crop months. The price action suggests tht there is less demand for Cotton right now and that the current rally could be running out of steam. The USDA statistics imply that there is plenty of Cotton in the US […]

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Morning Softs. 02/15/17

On February 15, 2017 - 10:01 AM By

COTTON
General Comments: Cotton futures were a little lower in consolidation trading. The market appears to have started another leg higher on the charts. The next target for bullish traders is the recent high of 7740 March. There is a chance to see that if the export sales are stronger again this week. The […]

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Morning Softs 02/14/17

On February 14, 2017 - 10:09 AM By

COTTON
General Comments: Cotton futures were higher again yesterday. Price action has been impressive and the market appears to have started another leg higher on the charts. The next target for bullish traders is the recent high of 7740 March. There is some strong resistance on the weekly charts at about 7780 basis the […]

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The Windy City Trader 02/14/17

On February 14, 2017 - 9:53 AM By

February 14. I know I was supposed to do something today. Now what was that again. Birthday, no. Anniversary, no. It seems like something important but I just can’t put my finger on it. Oh well I’m sure I’ll remember when I get home tonight. This Week’s Commentary. Metals: I have been writing for weeks […]

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Morning Softs. 02/13/17

On February 13, 2017 - 9:48 AM By

COTTON
General Comments: Cotton futures were slightly higher again on Friday on follow through buying. Buying faded in the second half of the sesión, but the market still managed a positive close. Rolling positions forward from March or liquidating positions was a main feature of the trade. There is some strong resistance on the […]

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Morning Softs. 02/10/17

On February 10, 2017 - 11:09 AM By

COTTON
General Comments: Cotton futures were slightly higher in response to the USDA reports. Trading ranges were not real bit, and it seemed that most attention was on other markets. Rolling positions forward from March or liquidating positions was a main feature of the trade. There is some strong resistance on the weekly charts […]

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Morning Softs. 02/08/17

On February 8, 2017 - 9:14 AM By

DJ U.S. December Coffee, Cocoa Imports-Feb 7
In kilograms from the U.S. Commerce Department, converted to pounds
by Dow Jones.
—-Dec 2016—- —-Nov 2016—-
-coffee- kilograms pounds kilograms pounds
coffee, unroasted 116,402,518 256,667,552 127,506,296 281,151,383
coffee, roasted 6,532,238 14,403,585 7,177,971 15,827,426
coffee, soluble
instant 3,393,036 7,481,644 3,633,974 […]

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