Currently viewing the tag: "Softs"

Morning Softs 5/17/13

On May 17, 2013 - 10:24 AM By

COTTON General Comments: Futures were lower after trading higher early in the sessión. A disappointing export sales report released yesterday by USDA hurt the bull case. Traders concentrated on economic news, which was disappointing for China and for the US. China is the largest importer of US Cotton. The new crop months were weaker on [...]

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The Nemenoff Report 5/17/13

On May 17, 2013 - 9:01 AM By

Financials: June Bonds are currently 12 lower at 145’02 and the 10 Yr. Notes 3.5 lower at 132’11.5. Yesterday the Bonds rallied about 1’16 on disappointing ecominc reports: CPI was down 0.4% slightly lower than expectations of -0.3%. Jobless Claims were up 32,000, well above pre-report estimates of +2,000. Housing starts were up 5.4%, down [...]

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Morning Softs 5/16/13

On May 16, 2013 - 9:51 AM By

COTTON General Comments: Futures were higher after trading lower early in the sesión. Traders concentrated on economic news, which was disappointing for China but good for the US. China is the largest importer of US Cotton, so less tan expected industrial production put demand bulls on the defensive. The new crop months were weaker on [...]

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The Nemenoff Report 5/15/13

On May 15, 2013 - 9:24 AM By

Financials: June Bonds are currently 10 higher at 144’12 and the 10 Yr. Notes 4.5 higher at 131’27.5. PPI and Empire State manufacturing data came in weaker than expected ralying the Bonds about 10 points from just before the reports. Traders are currently watching the market closely awaiting any hints from the Fed about continued [...]

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Morning Softs 5/15/13

On May 15, 2013 - 9:21 AM By

COTTON General Comments: Futures were higher after trading lower early in the sesión. Traders concentrated on economic news, which was disappointing for China but good for the US. China is the largest importer of US Cotton, so less tan expected industrial production put demand bulls on the defensive. The new crop months were weaker on [...]

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The Windy City Trader 5/14/13

On May 14, 2013 - 1:56 PM By

Hello Fellow Traders, Three years ago the Tiger Woods trials and tribulations began when his indiscretions became public and he divorced from his beautiful blonde wife Elin Nordegren. For over two years Tiger lost his game, changed swing coaches, changed his swing, changed his caddy, practiced hours on end… but still the wins didn’t come. [...]

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The Nemenoff Report 5/14/13

On May 14, 2013 - 9:06 AM By

Financials: June Bonds are currently 7 higher at 144’27 and the 10 Yr. Notes 2 higher at 132’01.0 Since last Thursday’s constructive Jobless Claims Report we were stopped out of any remaining long positions from the 146’16 area when the market traded through our protective sell stop at 146’21. Since that time the market has [...]

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Morning Softs 5/14/13

On May 14, 2013 - 9:04 AM By

Crop Progress Date 5-May 28-Apr 2012 Avg Cotton Planted 23 17 46 38 Corn Planted 28 12 85 65 Corn Emerged 5 3 52 28 Soybeans Planted 6 2 43 24 Sorghum Planted 29 28 43 36 Rice Planted 69 55 81 74 Rice Emerged 49 36 74 57 Winter Wheat Headed 29 20 73 [...]

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Morning Softs 5/13/13

On May 13, 2013 - 9:37 AM By

COTTON General Comments: Futures were lower as traders concentrated on world supply and demand estimates that showed ample supplies instead of the projected tight US market conditions. The US estimates should help support higher prices in the long run. Ideas are that the demand can continue for now as China moves to increase its stocks [...]

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The Nemenoff Report 5/9/13

On May 9, 2013 - 9:21 AM By

Financials: June Bonds are currently 8 higher at 146’31 and the 10 Yr. Note 4.5 higher at 132’29.5. This morning’s Weekly Jobless Claims Report showed a decline of 4,000 vs. average expectations of an increase of 8,000. If you went long over the last couple of days in the 146’16 area either take the short [...]

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Morning Softs 5/9/13

On May 9, 2013 - 9:17 AM By

COTTON General Comments: Futures were higher yesterday in consolidation trading. Traders are looking ahead to the reports on Friday and also the export sales reporto on Thursday to see if more demand was found. Ideas are that the demand can continue for now as China moves to increase its stocks and as private buyers there [...]

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Morning Softs 5/8/13

On May 8, 2013 - 9:13 AM By

COTTON General Comments: Futures were slightly lower yesterday in consolidation trading. Traders are looking ahead to the reports on Friday and also the export sales reporto n Thursday to see if more demand was found. Ideas are that the demand can continue for now as China moves to increase its stocks and as private buyers [...]

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