Currently viewing the tag: "Softs"

Financials: Mar. Bonds are currently 15 higher at 143’05, 10 Yr. Notes 4.5 higher at 120’11 and 5 Yr. Notes 2 higher at 114’04.7. Not much has happened week over week, but on a daily basis Treasuries made new recent lows with Bonds trading as low as 142’14. Yields edged slightly higher with the 10 […]

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Financials: Mar. Bonds are currently unchanged at 143’12, 10 Yr. Notes 4 lower at 120’06.5 and the 5 Yr. Note 3.2 lower at 114’03,2. Yesterday’s CPI came in slightly higher indicating a perceived rise in inflation. Retail sales were slightly lower disappointedly  well below expectations of a positive number. Most of the action has been […]

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Financials: Mar. Bonds are currently 25 lower at 143’27, 10 Yr. Notes 7 lower at 120’25 and 5 Yr. Notes 1 lower at 114’17.2. Quite a volatile week as the Bond market traded as high as the mid 147’s to current levels, staging sharp rallies and sharp breaks in response to moves in Equities. Volatility […]

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Morning Softs Report 02/02/18

On February 2, 2018 - 8:01 AM By

COTTON
General Comments: Cotton was sharply higher to limit up in early trading in reaction to the very strong export sales report. Some selling from producers and speculators took futures off the best levels of the day, but it was still a very firm close. The reports yesterday showed that world demand for Cotton […]

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Morning Softs Report 02/01/18

On February 1, 2018 - 9:49 AM By

COTTON
General Comments: Cotton was a little higher as the big speculative selling seen in the last few days started to dry up and as commercials used the current price break to fix some on call purchases. The weekly charts suggest that a bigger correction might be coming as futures could work lower in […]

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Dollar remains weak.
Financials: Mar. Bonds are currently 20 lower at 147’06, 10 Yr. Notes 7 lower at 121’11 and 5 Yr. Notes 3.5 lower at 114’19.2. Yesterday the FOMC left rates unchanged but in the meetings language left the door open for a March rate hike citing expected inflation of 2% for 2018, […]

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Morning Softs Report 01/31/18

On January 31, 2018 - 10:01 AM By

COTTON
General Comments: Cotton was lower once again on follow through selling. The selling seemed to be mostly long liquidation. The weekly charts suggest that a bigger correction might be coming as futures could work lower in the short-term to find new demand. If so, the downside could be limited if the US Dollar […]

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Morning Softs Report 01/30/18

On January 30, 2018 - 12:03 PM By

COTTON
General Comments: Cotton was sharply lower on follow through selling. The selling seemed to be mostly long liquidation and started last Friday with the weak export sales report from USDA. Some selling cameo n the stronger US Dollar amid ideas that the Dollar might have bottomed. The weekly sales of Upland Cotton were […]

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Morning Softs 01/29/18

On January 29, 2018 - 9:25 AM By

COTTON
General Comments: Cotton was sharply lower in response to the por weekly export sales report from USDA. The weekly sales of Upland Cotton were as low as they had been in several months, and the news provided a fundamental reason to sell futures. The weekly charts suggest that a bigger correction might be […]

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Morning Softs 1/26/18

On January 26, 2018 - 10:13 AM By

COTTON
General Comments: Cotton was mixed, with nearby months a little lower and deferred months a little higher. Bullish traders have not been able to extend the recent rally, and the market has settled into a consolidation trade. A bigger correction might be coming. Current buying is reflecting the fact that merchants need to […]

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Morning Softs 01/25/18

On January 25, 2018 - 10:11 AM By

COTTON
General Comments: Cotton was a little higher after trading both sides of unchanged. The weaker US Dollar supported demand ideas and buyers. The market has not been able to extend the rally since last week and a bigger corrction might be coming. Current buying is reflecting the fact that merchants need to buy […]

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Financials: Mar. Bonds are currently 17 higher at 149’00, 10 Yr. Notes 4.5 higher at 122’11 and 5 Yr. Notes 2 higher at 115’05.5. The long Dec.2018/short Dec. 2019 Eurodollar spread is now at 27 points, slightly above my objective of 26 points. Take profits. Grains: Mar. Corn is fractionally higher at 357’0, Mar. Beans […]

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