Currently viewing the tag: "Softs"

Morning Softs 12/22/14

On December 22, 2014 - 7:46 AM By

COTTON General Comments: Futures were a little higher on short covering, but the market seems to be in a holiday mode and prices overall held the range. It is still possible that a seasonal low is being made, but there remain few reasons to expect a big bull market to begin in the near future. [...]

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Financials: Mar. Bonds are currently unchanged at 143’24, 10 Yr. Notes 3.5 higher at 126’19 and the 5 Yr. Note 3 higher at 118’27.5. All I can do is plant an idea on these markets. I feel that the yield curve is about to steepen and am going to be focusing on the long 10 [...]

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Morning Softs 12/18/14

On December 18, 2014 - 10:46 AM By

COTTON General Comments: Futures were higher on short covering that seemed related to the rally in petroleum futures. However, prices overall held the range. It is still posible that a seasonal low is being made, but there remain few reasons to expect a big bull market to begin in the near future. Better US economic [...]

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Financials: Mar. Bonds are currently 27 lower at 143’28, the 10 Yr. Note 16.5 lower at 126’17 and the 5Yr. 8.2 lower at 118’22.7. Yesterday the FOMC indicated the there will be no changes until after April 2015. The initial reaction was a rally, in the June 2016 Eurodollar to 98.79 missing our target of [...]

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Morning Softs 12/17/14

On December 17, 2014 - 10:11 AM By

COTTON General Comments: Futures were lower on weaker US housing data nd as the Ruble continued to implode. However, prices overall held the range even with the bad action. It is still posible that a seasonal low is being made, but there remain few reasons to expect a big bull market to begin in the [...]

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Financials: Mar. Bonds are currently 11 lower at 145’13, 10 Yr. Notes 4.5 lower at 127’16.5 and 5 Yr. Notes 3.5 lower at 119’10. Quite a bit has happened since my last “Report” on Dec. 11th. Both the value of the Russian Ruble and the cost of Oil have dropped sharply pushing the Bonds higher [...]

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Morning Softs 12/16/14

On December 16, 2014 - 10:05 AM By

COTTON General Comments: Prices continue to trade in a sideways fashion, but is starting to show signs that a seasonal bottom has been found. Nearby months closed slightly higher, but deferred months closed a little lower. Trading ranges were narrow, and the market seems to be in a holiday mood already. Better US economic data [...]

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The Windy City Trader 12/15/14

On December 15, 2014 - 2:29 PM By

Remember he knows if you’ve been naughty or nice….. Too late for me but maybe some of you still have a shot.  This Week’s Commentary Metals: The theme of this week’s letter is the major effect the plunging crude oil prices have had on most commodity sectors. Gold and silver saw huge gains despite [...]

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Morning Softs 12/15/14

On December 15, 2014 - 12:26 PM By

DJ U.S. Total Prevented Acreage Data – Dec 15 U.S. acreage data for select crops reported as planted, failed and prevented by farmers to the Farm Service Agency. Prevented acres is land not planted due to poor conditions. Failed acres is land farmers planted and abandoned. Farmers participating in various FSA programs are required to [...]

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Morning Softs 12/12/14

On December 12, 2014 - 10:19 AM By

COTTON General Comments: Prices closed higher on positive economic data from the US government and better than expected export sales. USDA cut its estimate for domestic Cotton production in its updates on Wednesday. The production losses were mostly in Texas. But, the world data showed less demand from important importers and higher ending stocks. The [...]

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Morning Softs 12/11/14

On December 11, 2014 - 10:30 AM By

COTTON General Comments: Prices closed lower in reaction to the USDA reports. USDA cut its estimate for domestic Cotton production and that supported a rally attempt. The production losses were mostly in Texas. But, the world data showed less demand from important importers and higher ending stocks, and that pushed the price back into negative [...]

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Financials: Mar. Bonds are currently 4 higher at 144’02, 10 Yr. Notes 2 lower at 127’01 and 5 Yr. Notes 3 lower at 119’03. European inflation numbers were weaker than expected. Yield curve continues to flatten. That being said, I’m a seller above 144’00 for a short term trade with a stop above the early [...]

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