Currently viewing the tag: "Softs"

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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Financials: Dec. Bonds are currently 11 lower at 141’21, 10 Yr. Notes 5 lower at 126’17 and 5 Yr. Notes2.7 lower at 119’18. On last Friday China lowered key interest rates by up to 40 basis points as Mario Draghi reiterated previous statements that the ECB will do whatever it takes to fight deflation. The [...]

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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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Financials: Dec. Bonds are currently 9 lower at 141’13, 10 Yr. Notes 5.5 lower at 126’15 and the 5 Yr. Note 3.7 lower at 119’14.5. Continued worry about deflation has kept these markets in a tight range. Continue to treat Bonds as a trading affair between 140’08 and 142’28. Housing starts and FOMC minutes later [...]

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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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The Windy City Trader 11/18/14

On November 18, 2014 - 8:19 AM By

Hello Fellow Traders, I was speaking with a very dear friend of mine joking about how funny it was that when the Jimmy Fallon’s and Jay Lenos interview our teen and early 20s how they cannot answer simple questions such as “who is the vice president? But when asked to name the Kardashians the names [...]

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Financials: Dec. Bonds are currently 14 higher at 142’04, 10 Yr. Notes 6 higher at 126’28 and 5 Yr. Notes 3.5 higher at 119’22. A disappointing negative GDP number out of Japan has rallied the market due to continued deflationary fears and slowing global economies. We have been trading Bonds from the long side in [...]

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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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Sugar rush and silver linings on CNBC

On November 13, 2014 - 1:58 PM By

As seen on CNBC Squawk Box | Sugar prices are rising as production drops in Brazil, and silver drops to four-year lows. Jack Scoville, Price Futures Group, and George Gero, RBC Capital Markets, discuss. Silver has a very good chance of outperforming next year, says Gero. Watch Video: http://video.cnbc.com/gallery/?video=3000329966

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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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