Currently viewing the tag: "Softs"

Morning Softs 9/2/14

On September 2, 2014 - 9:16 AM By

COTTON General Comments: Futures closed mostly lower as weather remained supportive to big US crop production. There do not appear to be any threatening storms that could hurt fiber quality in the open bolls. The northern areas of Texas should get mostly dry conditions which will support crops, but did see some showers over the [...]

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  Coffee Clutch With Jack Scoville! [PRICE Links Video Series] Recorded on: 8/29/2014 Learn More about the Rogers International Commodity Index® (RICI®) You can reach Phil Flynn at (888) 264-5665 or pflynn@pricegroup.com View All of the PRICE Links Videos The PRICE Links Video Series gives you access to the minds of the industry’s top analysts [...]

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Morning Softs 8/29/14

On August 29, 2014 - 8:52 AM By

COTTON General Comments: Futures closed lower despite solid weekly export sales as weather remained supportive to big US crop production. There do not appear to be any threatening storms that could hurt fiber quality in the open bolls.. The northern áreas of Texas should get a little rain and some cooler temperatures over the next [...]

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Morning Softs 8/28/14

On August 28, 2014 - 9:15 AM By

COTTON General Comments: Futures closed higher as new systems formed in the Gulf of Mexico and the Atlantic that could threaten crops with a lot of rain now that bolls are open. The new system could bring winds and rains to either Texas or the Delta, but has so far remained offshore. Traders are also [...]

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Financials: Dec. Bonds are currently 16 higher, 10 Yr. Notes 6 higher at 125’26.5 and 5 Yr. Notes fractionally higher at 109’15.0. Renewed military activity between Russia and Ukraine have rallied the Bonds in “risk off” trade, flight to safety. Given the upcoming long weekend I am on the sidelines in these particular treasuries. That [...]

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Morning Softs 8/27/14

On August 27, 2014 - 10:09 AM By

COTTON General Comments: Futures closed higher as new systems formed in the Gulf of Mexico and the Atlantic that could threaten crops with a lot of rain now that bolls are open. The new system could bring winds and rains to the state, but the forecast is very preliminary and much needs to be done [...]

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Financials: Sept. Bonds are currently 10 higher at 140’27, 10 Yr. Notes 6 higher at 126’07.5 and 5 Yr. Notes 3.5 higher at 119’18.5. Bonds continue to out pace shorter term treasuries and coming close to the yearly high of 141’21 which we will use as a resistance level to trade from the short side [...]

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Morning Softs 8/26/14

On August 26, 2014 - 9:23 AM By

COTTON General Comments: Futures closed mostly higher in quiet trading. Crop conditions and progress remain generally good, and traders keep worrying about the demand side. A tropical system has moved east into the Atlantic and poses no threats for Cotton. There are no other systems of note to talk about, and traders report little stress [...]

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Morning Softs 8/25/14

On August 25, 2014 - 10:57 AM By

COTTON General Comments: Futures closed higher in quiet trading. Support came from forecasts for hot and dry weather to continue over the next few days in West Texas that could stress crops. Crop conditions dropped a Little last week in the USDA reports and could drop again this week. A tropical system has formed near [...]

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Financials: Sept. Bonds are currently 6 higher at 140’20, 10 Yr. Notes1 higher at 125’30 and the 5 Yr. Note fractionally lower at 119’13.2. Last week we licked our wounds and took the loss on the long 10 Yr./short Bond spread in the 13’20 premium the Bonds. The spread is currently trading at 14’22 premium [...]

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Morning Softs 8/22/14

On August 22, 2014 - 9:25 AM By

COTTON General Comments: Futures closed higher in nearby months and slightly lower in deferred months. The export sales report was called negative, but October rallies on tight supplies available in the short term. Further Support came from forecasts for hot and dry weather to develop over the next few days in West Texas that could [...]

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Morning Softs 8/21/14

On August 21, 2014 - 9:36 AM By

COTTON General Comments: Futures closed higher on follow through buying as USDA showed a bigger drop in crop condition rating tan had been expected by the trade. Traders had expected USDA to show about unchanged ratings. Further Support came from forecasts for hot and dry weather to develop over the next few days in West [...]

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