Currently viewing the tag: "Softs"

Morning Softs 2/11/16

On February 11, 2016 - 9:53 AM By

COTTON
General Comments: Cotton closed mixed, with traders noted Rolling positions out of March before First Notice Day. Some suggest that the plunge scene Tuesday in reaction to the USDA reports might be the start of a bottom, and this is possible as futures are now near the low end of the long term […]

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Financials: Mar. Bonds are currently 3’00 higher at 170’04, 10 Yr. Notes 1’08 higher at 132’24 and 5 Yr. Notes 24 higher at 122’11. Treasuries continue to rally in a flight to safety as rates tumble with the 30 Yr. Bond now yielding below 2.5 at 2.43%. We are unfortunately short June 2017 eurodollars and […]

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Morning Softs 2/10/16

On February 10, 2016 - 10:19 AM By

COTTON
General Comments: Cotton closed lower in reaction to the Sharp increase in ending stocks estimates from USDA. It noted weak export demand, particularly from China, as the reason to increase the ending stocks estimates. The demand side of the market was quiet yesterday as many Asians were on holiday for the Lunar New […]

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Morning Softs 2/9/16

On February 9, 2016 - 8:51 AM By

COTTON
General Comments: Cotton closed lower, but recovered from sharply lower prices seen early in the session. The market will be watching what happens to the USDA reports later this morning for clues of the next price move. The demand side of the market was quiet yesterday as many Asians were on holiday. China […]

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The Windy City Trader 2/8/16

On February 8, 2016 - 2:28 PM By

Congrats to the Denver Broncos and future Hall of Famer Peyton Manning for their upset win (to some out there) in last night’s Super Bowl. Peyton is a mere shell of his former self as many injuries, particularly neck surgeries, have taken their toll. How many have the chance to go out on top and […]

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Morning Softs 2/8/16

On February 8, 2016 - 9:15 AM By

COTTON
General Comments: Cotton closed lower before the weekend and the world holidays this week. The most important holiday for Cotton is Tet, which is today and tomorrow. China and almost all of Southeast Asia are closed for the next few days as the celebrations for the new year move into high gear. Futures […]

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Financials: Mar. Bonds are currently 1’03 higher at 164’11, 10 Yr. Notes 15.5 higher at 130’27 and 5 Yr. Notes 10 higher at 121’11. Friday’s Unemployment Report showed a disappointing increase in non-farm payrolls of 151,000, well below expectations of 188’000 pushing rates to new lows. Late last week we sold out of the long […]

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Morning Softs 2/5/16

On February 5, 2016 - 9:46 AM By

DJ U.S. December Coffee, Cocoa Imports-Feb 5
In kilograms from the U.S. Commerce Department, converted to pounds
by Dow Jones.
—-Dec 2015—- —-Nov 2015—-
-coffee- kilograms pounds kilograms pounds
coffee, unroasted 108,123,687 238,412,730 105,588,763 232,823,222
coffee, roasted 6,863,139 15,133,221 7,174,477 15,819,722
coffee, soluble
instant 2,951,730 6,508,565 3,214,233 […]

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Morning Softs 2/4/16

On February 4, 2016 - 11:43 AM By

COTTON
General Comments: Cotton closed mostly lower after trading higher early in the session. Ideas that US farmers might plant less Cotton allowed new crop months to close higher. Futures continue to display signs that prices can start to move higher after testing the lower end of the long term trading range in the […]

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Currencies: The Dollar Index is currently 188 lower at 97.01, the Euro 212 higher at 1.1149 and the Yen 203 higher at 0.85365. My near term expectations have been met. Take profits on long Yen and short Dollar Index positions. Regards,
Marc Questions? Ask Marc Nemenoff today at 312-264-4310 View The Nemenoff Report Archives […]

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Morning Softs 2/3/16

On February 3, 2016 - 9:49 AM By

COTTON
General Comments: Cotton closed higher as many commodities markets traded to higher levels. Futures continue to display signs th prices can start to move higher after testing the lower end of the long tem trading range in the last few weeks. US farmers are not happy with the current prices well known and […]

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Financials: Mar. Bonds are currently 10 lower at 162’23, 10 Yr. Notes 5 lower 129’30 and 5 Yr. Notes 2’5 lower at 120’26.7. Treasuries rallied to new contract highs amidst a break in oil, a global sell off in equities and the spreading of negative rates in Japan, Germany, Swiss etc. Yesterday we went short […]

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