Currently viewing the tag: "Softs"

Morning Softs 07/26/17

On July 26, 2017 - 9:47 AM By

COTTON
General Comments: Cotton was higher yesterday in reaction to the USDA crop reports released Monday afternoon. USDA showed crop deterioration due mostly to bad weather conditions in the Texas Panhandle and into the Southwest and Far West. The market is still trying to complete a bottom on the daily charts. Weather forecasts call […]

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The Windy City Trader 7/25/17

On July 25, 2017 - 1:40 PM By

Late last week the headlines rang out “JUICE IS FREE !!!!”. Orange juice immediately dropped 20 cents on that news. OK just kidding folks, that’s just how my warped brain thinks. But remember other OJ, 3 strikes and you’re out.
Metals: Fed inaction on interest rates continues to weaken the US Dollar which has […]

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Morning Softs 07/25/17

On July 25, 2017 - 10:17 AM By

COTTON            General Comments:  Cotton was slightly lower yesterday in consolidation trading.   After the close, USDA showed crop deterioration due mostly to bad weather conditions in the Texas Panhandle and into the Southwest and Far West.  The market is still trying to complete a bottom on the daily charts.  Weather forecasts call for hot and dry […]

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Morning Softs. 07/21/17

On July 21, 2017 - 10:52 AM By

COTTON
General Comments: Cotton was higher in reaction to a positive weekly export sales report from USDA. The market is still trying to complete a bottom on the daily charts. Weather forecasts call for hot and dry weather that are causing some crop stress to continue in parts of Texas and into western growing […]

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Morning Softs. 07/20/17

On July 20, 2017 - 9:38 AM By

COTTON
General Comments: Cotton was mostly a little lower yesterday in quiet trading. The market is still trying to complete a bottom on the daily charts. Some more support was seen in the market due to forecasts for hot and dry weather that are causing some crop stress to continue in parts of Texas […]

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Financials: Sept. Bonds are currently 2 higher at 154’00, 10 Yr. Notes 1 higher at 126’02.5 and 5 Yr. Notes 0.5 higher at 118’04.7. The market has advanced slightly over the last week. I am still overall negative on these markets believing that rates will eventually creep higher as the economy continues to recover albeit […]

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Morning Softs. 07/19/17

On July 19, 2017 - 10:20 AM By

COTTON
General Comments: Cotton was higher yesterday and could be completing a low won the daily charts. Speculators were willing to buy the market due to forecasts for hot and dry weather that are causing some crop stress to continue in parts of Texas and into western growing areas. There does not seem to […]

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Morning Softs. 07/18/17

On July 18, 2017 - 9:50 AM By

COTTON
General Comments: Cotton was higher yesterday and could be completing a low won the daily charts. Speculators were willing to buy the market due to forecasts for hot and dry weather that are causing some crop stress to continue in parts of Texas and into western growing areas. There does not seem to […]

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Morning Softs. 07/17/17

On July 17, 2017 - 9:46 AM By

COTTON
General Comments: Cotton was mixed to higher on Friday in consolidation trading. Speculators were willing to buy the market on the break due to forecasts for hot and dry weather that are causing some crop stress to continue in parts of Texas and into western growing areas. There does not seem to be […]

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Morning Softs. 07/14/17

On July 14, 2017 - 9:37 AM By

DJ Brazil Center-South Sugar Crush Down 1.4% in 2nd Half of June — Unica
By Jeffrey T. Lewis
SAO PAULO–Brazilian sugar mills in the country’s center-south region crushed less cane in the second half of June compared with a year earlier, according to industry group Unica.
Center-south mills crushed 47.6 million metric […]

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Morning Softs. 07/13/17

On July 13, 2017 - 9:34 AM By

DJ USDA Report: Summary for U.S. Agriculture Supply, Demand Report
WASHINGTON–The following are key numbers from USDA’s crop report Wednesday
and how the government’s estimates compared to analysts’ forecasts in a
Wall Street Journal survey.
U.S. 2017 Production, Yield (million bushels, bushels per acre)
Wednesday’s
Estimate Average Range USDA […]

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Financials: Sept. Bonds are currently 4 higher at 152’29, 10 Yr. Notes 1.5 higher at 125’18 and the 5 Yr. Note 0.5 lower at 117’27.5. Testimony by Fed Chairwoman Yellen yesterday indicated that the Fed would take a moderate to soft path when it comes to raising rates and trimming the Fed’s balance sheet by […]

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