Currently viewing the tag: "Softs"

Morning Softs 8/24/16

On August 24, 2016 - 10:46 AM By

COTTON
General Comments: Cotton futures closed a little higher as the US crop continued to show deterioration. US weather conditions remain variable. Demand ideas remain firm. Crops in the southern and western Great Plains are still facing stressful conditions even as the stress could be easing. Crops in the Delta and Southeast are in […]

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Morning Softs. 08/22/16

On August 22, 2016 - 10:03 AM By

COTTON
General Comments: Cotton futures closed lower on ideas of less Chinese demand and on ideas of improving conditions in Texas and around the world. US weather conditions remain variable, and crop condition rating from USDA have slipped in the last few weeks to reflect the uneven growing conditions. West Texas got some showers […]

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Morning Softs. 08/19/16

On August 19, 2016 - 9:58 AM By

COTTON
General Comments: Cotton futures closed a little higher on the back of a strong weekly export sales report. US weather conditions remain variable, and crop condition rating from USDA have slipped in the last few weeks to reflect the uneven growing conditions. West Texas should get some showers today and these will be […]

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Morning Softs. 08/18/16

On August 18, 2016 - 9:54 AM By

COTTON
General Comments: Cotton futures closed a little higher and ideas are that the market might have seen a short term lo won Tuesday. West Texas has seen some rains in the last few days that have helped the crop. Texas has been very dry, as have nearby areas of Oklahoma and Kansas. Rains […]

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Morning Softs 8/17/16

On August 17, 2016 - 9:49 AM By

COTTON
General Comments: Cotton futures closed slightly lower after initial big selling dried up. West Texas has seen some rains in the last few days that have helped the crop, but ideas are that the current selling is getting overdone. Texas has been very dry, as have nearby areas of Oklahoma and Kansas. Rains […]

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Morning Softs. 08/16/16

On August 16, 2016 - 9:24 AM By

COTTON
General Comments: Cotton futures closed lower on ideas that the rains that fell in West Texas were very beneficial for crops there. Cotton areas missed out on the biggest rains that were near the Gulf coast. Texas has been very dry, as have nearby areas of Oklahoma and Kansas. Rains were reported over […]

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Financials: Sept. Bonds are currently 15 higher at 172’07, 10 Yr. Notes 6.5 higher at 132’14.5, 5 Yr. Notes 4.7 higher at 121’22.2 and June 2017 Eurodollars 3.5 higher at 99.090. Given that the Dollar is losing ground to other currencies (Euro and Yen) which currently have negative rates makes me leery of a rate […]

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Morning Softs. 08/15/16

On August 15, 2016 - 10:05 AM By

COTTON
General Comments: Cotton futures closed lower in reaction to higher than expected production and ending stocks in the USDA reports. Demand ideas from USDA were disappointing as well as Southeast Asia might buy a little less this year. Texas production especially was higher than expected. The state has been very dry, as have […]

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Morning Softs. 08/12/16

On August 12, 2016 - 9:59 AM By

COTTON
General Comments: Cotton futures closed a little higher despite weaker than expected export sales and forecasts for better precipitation in Texas that could help restore production potential. The state has been very dry, as have nearby areas of Oklahoma and Kansas. Rains now would be beneficial for the stressed crop. The market is […]

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Morning Softs. 08/11/16

On August 11, 2016 - 9:37 AM By

COTTON
General Comments: Cotton futures closed sharply lower on forecasts for better precipitation in Texas that could help restore production potential. The state has been very dry, as have nearby areas of Oklahoma and Kansas. Rains now would be beneficial for the stressed crop.. Demand ideas remain firm as countries other than China are […]

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Morning Softs. 08/10/16

On August 10, 2016 - 9:45 AM By

COTTON
General Comments: Cotton futures closed limit down on ideas that the extension of the Chinese auctions through September will hurt import demand. It was a big long liquidation day. Demand ideas remain firm as countries other than China are buying. The Chinese government auctions continue and the government keeps selling almost the complete […]

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Metals: Metals do not like higher rate talk. I truly do not expect a rate hike before year end  but the Fed likes to throw it out there every now and then just after they release a false jobs report to keep indices moving up knowing they will just adjust the jobs number considerably lower […]

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