Currently viewing the tag: "Softs"

  Jacks is an Old Softie! Softs Outlook with Jack Scoville! [PRICE Links Video] Recorded 1/30/2015 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 [...]

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Morning Softs 1/30/15

On January 30, 2015 - 8:43 AM By

COTTON General Comments: Futures closed slightly higher. The export sales reports for Upland Cotton have been very strong for the last two weeks, and the reports yesterday added to the strong of positive demand news. Ideas are that overall demand is starting to improve on the current low prices, with domestic mills more interested in [...]

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Financials: Mar. Bonds are currently 18 higher at 150’31, 10 Yr. Notes 17 higher at 130’23 and 5 Yr. Notes 10 higher at 121’06.2. GDP was disappointing at +2.6% vs. an average estimate of +3.2%. Consumer spending was constructive showing an increase of 4.3%. We are currently short the 5 Yr. Notes from above the [...]

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Morning Softs 1/29/15

On January 29, 2015 - 10:36 AM By

COTTON General Comments: Futures closed higher as some short covering was seen ahead of the USDA export sales reports today. The export sales reports for Upland Cotton have been very strong for the last two weeks. Ideas are that overall demand is starting to improve on the current low prices, with domestic mills more interested [...]

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Morning Softs 1/28/15

On January 28, 2015 - 10:02 AM By

COTTON General Comments: Futures closed near unchanged. Some news that India is ready to offer Cotton into the world market was considered negative early, but the selling did not last long as the US Dollar fell apart. Economic worries returned after some por earnings reports were seen in the stock market. Ideas are that overall [...]

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Financials: Mar. Bonds are currently 1 lower at 149’16, 10 Year Notes fractionally higher at 129’21.5 and 5 Yr. Notes unchanged at 120’18.2. If you were a seller in Bonds in the 150’15 area either take profits or lower your buy stop to the 150’06 level ahead of the FOMC early this afternoon. We still [...]

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Morning Softs 1/27/15

On January 27, 2015 - 10:35 AM By

COTTON General Comments: US markets turned higher in range trading. Ideas are that demand is starting to improve, with domestic mills more interested in buying and with strong export sales reports from USDA for two weeks in a row. China was a featured buyer of US Cotton over the last two week. But, the market [...]

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It is estimated that over 2 billion chicken wings will be consumed on Super Bowl Sunday. That means 1 billion chickens gave the ultimate sacrifice for our munching pleasure. It occurred to me…. Does PETA know about this? Of course all they would care about was whether they were caged or free range chickens. And [...]

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Morning Softs 1/26/15

On January 26, 2015 - 10:36 AM By

COTTON General Comments: US markets turned lower in response to the sharp rally in the US Dollar and on demand concerns. The move lower continued on Friday despite a second strong week of export sales. China was once again a featured buyer of US Cotton last week. But, the market remains more concerned with overall [...]

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Morning Softs 1/23/15

On January 23, 2015 - 12:34 PM By

COTTON General Comments: Prices were lower as world economics and a sharply higher US Dollar took the attention of the traders. China and now Europe have had weakening economies and have moved to Support them. The weaker economies in both regions imply less demand for Cotton overall. Meanwhile, the weak domestic and world prices imply [...]

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Morning Softs 1/21/15

On January 21, 2015 - 10:22 AM By

COTTON General Comments: Prices were lower and made new lows for the move after bad economic data was released by the EU and China. The weaker economies in both regions imply less demand for Cotton overall. Meanwhile, the weak domestic and world prices imply that US production could drop significantly in the coming year as [...]

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Morning Softs 1/20/15

On January 20, 2015 - 10:08 AM By

COTTON General Comments: Prices were a little lower as some light volume profit taking hit the pit. The export sales report Thursday was still supporting the market as the sales were the best seen in many weeks. The sales were the best of the season, and China accounted for about half the purchases. Support is [...]

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