Currently viewing the tag: "Softs"

Morning Softs 10/31/14

On October 31, 2014 - 9:24 AM By

COTTON General Comments: Futures closed lower despite a stronger weekly export sales report. The report showed a strong increase in demand, but ideas are that the demand bump might not last as there is a lot of Cotton available around the world. The market seems to need to find some producer selling. Producers are not [...]

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Financials: Dec. Bonds are currently 14 lower at 141’04, 10 Yr. Notes 6 lower at 126’14 and 5 Yr. Notes down 3 at 119’16. Early this morning the Bank of Japan announced it would increase it’s Bond purchases by more than the equivalent of 780 billion dollars (quantitative easing) in an effort to stimulate their [...]

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Morning Softs 10/30/14

On October 30, 2014 - 11:12 AM By

COTTON General Comments: Futures higher on follow through buying. The market seems to need to find some producer selling. Producers are not selling as prices are low and the USDA loan support program offers a better deal for them. The weather is good as most US production areas are now dry and harvesting should be [...]

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Morning Softs 10/29/14

On October 29, 2014 - 11:26 AM By

COTTON General Comments: Futures higher on follow through buying. The market seems to need to find some producer selling. Producers are not selling as prices are low and the USDA loan support program offers a better deal for them. The weather is good as most US production areas are now dry and harvesting should be [...]

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Financials: Dec. Bonds are currently 2 lower at 141’15, 10 Yr. Notes 1 lower at 126’29 and the 5 Yr. Notes fractionally lower at 119’29. Results of the 2 day FOMC meeting will be announced at 1:00pm Central. It is expected that we will see the end of Quantitative Easing and that language will reflect [...]

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Morning Softs 10/28/14

On October 28, 2014 - 10:20 AM By

COTTON General Comments: Futures closed mostly a little higher after what appeared to be chart based buying. Only December was lower. The market seems to be searching for a direction right now. Producers are not selling as prices are low and the USDA loan support program offers a better deal for them. The weather is [...]

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The Windy City Trader 10/28/14

On October 28, 2014 - 7:47 AM By

Usually as we approach November Chicagoans know what to expect weather wise and pretty much go into hibernation for the next 6-7 months until the spring thaw sometime around May. Our beloved Chicago Bears however went into hibernation much earlier than usual, about 4 weeks ago, as they continue to find new and innovative methods [...]

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Financials: Dec. Bonds are currently 10 higher at 142’01, 10 Yr. Notes 3 higher at 127’04 and 5 Yr. Notes fractionally higher at 119’30.5. The failure of several (17?) European banks, particular the Italians, to pass ECB initiated stress tests in the event of a financial debacle has rallied U.S. treasuries off of overnight lows [...]

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Morning Softs 10/27/14

On October 27, 2014 - 10:30 AM By

COTTON General Comments: Futures closed higher after what appeared to be chart based buying. Bears have been unable to break the market and decided to cover. An up tick in export sales supported prices as well. Producers are not selling as prices are low and the USDA loan support program offers a better deal for [...]

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Morning Softs 10/24/14

On October 24, 2014 - 10:15 AM By

COTTON General Comments: Futures closed mixed. An up tick in export sales supported December, but the rest of the months closed with small losses. The weather is good as most US production areas are now dry and harvesting should be very active. Bolls are open on much of the crop and should finish opening within [...]

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Financials: Dec. Bonds are currently 20 higher at 142’11, 10 Yr. Notes 8 higher at 127’08 and the 5 Yr. Note 4 higher at 120’01.2. Need to know: On Wednesday June Bonds rallied sharply jumping more than 10’00 points to above 151’00, as the rest of the market was more or less unchanged. The June [...]

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Morning Softs 10/23/14

On October 23, 2014 - 9:10 AM By

COTTON General Comments: Futures closed mixed as there was little news to push prices in either direction. The weather is good as most US production areas are now dry and harvesting should be very active. USDA showed good progress, and the harvest pace is ahead of last year and close to the five year average. [...]

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