Currently viewing the tag: "Softs"

Morning Softs 3/3/15

On March 3, 2015 - 8:42 AM By

COTTON General Comments: US markets closed narrowly mixed to start the week on mixed economic data from China and the US and mixed weather outlook for the US as planting time nears. The recent rally in prices seems to have stalled for a moment as buyers ran into increased selling interest from producers and merchandisers. [...]

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The Windy City Trader 3/2/15

On March 2, 2015 - 2:40 PM By

As baseball players assembled for spring training it reminded me of my days as a ball player and my most famous moment when in game 6 of the iconic 1975 World Series game (remember Carlton Fisk pushing his hands toward fair territory for the game winning homer) I hit a three run homer late in [...]

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By Jack Scoville via Futures Magazine | February 24 | Frozen Concentrated Orange Juice Orange juice futures were sharply lower on follow-through selling as temperatures hold above freezing in Florida production areas. There are new forecasts for more cold temperatures this week, but it looks like the colder air will stay mostly in the northern half of the [...]

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Morning Softs 3/2/15

On March 2, 2015 - 10:42 AM By

COTTON General Comments: US markets closed the week near unchanged after trading higher much of the week. The recent rally in prices seems to have stalled for a moment as buyers ran into increased selling interest from producers and merchandisers. Export sales were positive, but much lower than the levels seen in the last month. [...]

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Financials: June Bonds are currently 3 lower at 161’24, 10 Yr. Notes 1.5 lower at 127’24 and 5 Yr. Notes fractionally lower at 119’08.5. Overnight China lowered rates in an effort to address slowing growth and the worry of deflation, joining the what appears to be Global concern about the fear of deflation. Testimony by [...]

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Morning Softs 2/27/15

On February 27, 2015 - 4:02 PM By

COTTON General Comments: Futures were lower as the US Dollar started to move higher. The weekly export sales report was positive, but was not strong enough to create new buying interest in futures. Chart trends are up. Nearby prices moved higher on renewed demand hopes, while new crop months need to be high enough to [...]

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Morning Softs 2/26/15

On February 26, 2015 - 10:23 AM By

COTTON General Comments: Futures were higher again on better economic data in the US and reports from the FED that the overall economy is still improving. Funds were good buyers as chart trends started to turn up again. Nearby prices moved higher on renewed demand hopes and in response to FED statements that the economy [...]

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Morning Softs 2/25/15

On February 25, 2015 - 11:11 AM By

COTTON General Comments: Futures were higher. Chart trends started to turn up again. Nearby prices moved higher on renewed demand hopes and in response to FED statements that the economy is improving, while new crop months held mostly firmer as the market tries to ensure adequate production this year. The export sales report was bad [...]

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Morning Softs 2/24/15

On February 24, 2015 - 10:15 AM By

COTTON General Comments: Futures were mixed as the market looks for demand n the one hand, and tries to boost plantings on the other. Nearby prices moved mostly lower in reaction to last week’s very weak export sales report, while new crop months held mostly firmer as the market tries to ensure adequate production this [...]

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The Windy City Trader 2/23/15

On February 23, 2015 - 2:31 PM By

Hello Fellow Traders, In a strange phenomenon the only locations where those of us battered with mass quantities of snow have seen any thawing lately are just outside the theaters showing the movie Fifty Shades of Gray. This Week’s Commentary Metals: Gold and silver continue to suffer due to the fact we have no inflation [...]

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Morning Softs 2/23/15

On February 23, 2015 - 10:39 AM By

COTTON General Comments: Futures were mixed in response to forecasts from the USDA Outlook Conference for smaller planted area in the US against a week of negative export sales. There were some light volume export sales reported over the week, but these were more than offset by a cancellation from Turkey. The Outlook Conference cut [...]

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Financials: Mar. Bonds are currently 24 higher at 144’25, 10 Yr. Notes 12 higher at 127’24 and 5 Yr. Notes 7 higher at 119’21. On Friday Europe tentatively granted Greece a four month loan extension subject to acceptance of Greek economic reform proposals, which will probably include some severe tax reforms on the wealthy. The [...]

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