Currently viewing the tag: "Softs"

Morning Softs 10/1/14

On October 1, 2014 - 10:06 AM By

COTTON General Comments: Futures closed lower on ideas of good production under good conditions to finish the crop in all production areas of the US and uncertain demand. China continues to withdraw from the world market in order to promote use of domestic production and reduce government stocks. The stocks owned by the government are [...]

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Financials: Dec. Bonds are currently 25 higher at 128’22, 10 Yr. Notes 15 higher at 125’03.5 and 5 Yr. Notes 8.5 higher at 118’16.7. This mornings ADP Private Sector Jobs Survey should an increase of 213,000 jobs vs. expectations of 209,000. Ordinarily this would be good news. However the geopolitical and geoeconomic situations have made [...]

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Morning Softs 9/30/14

On September 30, 2014 - 10:05 AM By

COTTON General Comments: Futures closed lower on ideas of good production under good conditions to finish the crop in all production areas of the US and uncertain demand. China continues to withdraw from the world market in order to promote use of domestic production and reduce government stocks. The stocks owned by the government are [...]

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Morning Softs 9/29/14

On September 29, 2014 - 10:28 AM By

COTTON General Comments: Futures closed higher on some short covering to end the week. China continues to withdraw from the world market in order to promote use of domestic production and reduce government stocks. The stocks owned by the government are huge and could last for two years of normal consumption. China is now shifting [...]

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Morning Softs 9/26/14

On September 26, 2014 - 10:21 AM By

COTTON General Comments: Futures closed a little lower as the export sales report was stronger than anticipated. China continues to withdraw from the world market in order to promote use of domestic production and reduce government stocks. The stocks owned by the government are huge and could last for two years of normal consumption. China [...]

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Financials: Dec. Bonds are currently 1 lower at 137’25 settling back from a recent high of 138’07 earlier this morning on the release of 2nd quarter GDP which came in at 4.6%, slightly better than expectations of 4.2%. We remain spread long June 2017/short June 2015 Eurodollar futures, currently trading at 203 premium the June [...]

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Morning Softs 9/25/14

On September 25, 2014 - 9:19 AM By

COTTON General Comments: Futures closed lower as China continues to withdraw from the world market in order to promote use of domestic production and reduce government stocks. The stocks owned by the government are huge and could last for two years of normal consumption. China is now shifting to a target Price and will compensate [...]

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Financials: Dec. Bonds are currently 20 higher at 137’14, 10 Yr. Notes 8 higher at 124’17 and 5 Yr. Notes 3.5 higher 109’14. Weekly Jobless Claims were 12,000 higher pretty much in line with expectations and Durable Goods Orders down 18.2% vs expectations of a decline of 17.5%. Comments by ECB’s Mario Draghi indicated continued [...]

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Morning Softs 9/24/14

On September 24, 2014 - 10:00 AM By

COTTON General Comments: Futures closed a little higher in recovery trading. October was sharply lower as that month went into deliveries. Three Contracts were delivered on after the close. Support came from better tan expected Chinese economic data, but the better data does not imply that China will be a huge importer this year as [...]

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Morning Softs 9/23/14

On September 23, 2014 - 10:14 AM By

COTTON General Comments: Futures closed lower in response to ideas that demand can stay poor. The concerns over Chinese demand came back, as China is now shifting to a target Price and will compensate farmers with cash if the target price is not hit. The move could cut import demand and will reduce the need [...]

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Financials: Dec. Bonds are currently 11 higher at 137’02, 10 Yr. Notes 4 higher at 124’13 and 5 Yr. Notes 2.7 higher 118’07. These markets are higher this morning in a “flight to safety” as traders jump out of equities due to slowing economic numbers out of Europe and China and the initiation of a [...]

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OK so the new Apple I phone 6 made its debut recently and of course we saw the standard stories of people camped out in front of the stores for days to be one of the first to buy one. OK I know I’m older and set in my ways but even when I was [...]

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