Currently viewing the tag: "Softs"

Morning Softs 5/21/15

On May 21, 2015 - 10:00 AM By

COTTON General Comments: Futures closed little changed after trading both sides of unchanged. The US economic news was positive, but the US Dollar was higher and hurt export demand ideas. Short term trends have turned down as the US crop gets planted. However, planting progress will be slow as rains are expected to return to [...]

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PRICE Links Video Series Access commentaries by the industry’s top market analysts straight from the floor of the CME Group. Hosted by PRICE Futures Group’s Senior Analyst Phil Flynn. Memorial Day Barbecue Outlook! With Jack Scoville PRICE Futures Group’s Senior Analyst Phil Flynn discusses the meats, grains and softs markets with Sr. Analyst Jack Scoville, [...]

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Morning Softs 5/20/15

On May 20, 2015 - 10:07 AM By

COTTON General Comments: Futures closed lower on follow through speculative selling. The US economic news was positive, but the US Dollar was sharply higher and hurt export demand ideas. Short term trends have turned down as the US crop gets planted. Ideas are that yields can be good this year as more tan enough rain [...]

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Morning Softs 5/19/15

On May 19, 2015 - 9:49 AM By

COTTON General Comments: Futures closed lower in response to comments by FED governors that the FED might not increase interest rates anytime soon. The reports implies that the economy is not rebounding as well as expected, but the FED is right to let the market lead the way to higher rates in this case. Prematurely [...]

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Financials: June Bonds are currently 18 higher at 154’01, 10 Yr. Notes 7 higher at 127’19 and 5 Yr. Notes 3 higher at 119’30.5. The June 10 Yr. German Bund is 83 higher 154.34. Comments by the ECU suggest that during the next couple of months they will be front loading their quantitative easing in [...]

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Morning Softs 5/18/15

On May 18, 2015 - 10:47 AM By

COTTON General Comments: Futures closed higher after trading both sides of unchanged. The weekend weather featured some showers in Texas and drier weather in much of the Delta and Southeast. Planting progress should be very strong in the USDA updates tonight, and it is possible that planting progress is now ahead of the five year [...]

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Financials: June Bonds are currently 1’08 higher at 154’08, 10 Yr. Notes 10 higher at 127’23 and 5 Yr. Notes 3.5 higher at 120’03.7. June German Bunds are 66 higher at 153.36. We have pretty much been on the sidelines the last few sessions having covered short biased positions earlier in the week. As mentioned [...]

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Morning Softs 5/15/15

On May 15, 2015 - 7:00 AM By

COTTON General Comments: Futures moved higher as the US Dollar moved lower. It appeared to be mostly speculative buying. The export sales report showed positive sales but they were not real big. USDA showed less production potential for the coming year, but also less demand potential, and ending stocks estimates remained high. In addition, USDA [...]

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Morning Softs 5/14/15

On May 14, 2015 - 10:24 AM By

COTTON General Comments: Futures moved higher as the US Dollar moved lower. It appeared to be mostly speculative buying as there was no real news about Cotton in the market. The reports from USDA on Tuesday were still creating some selling interest. USDA showed less production potential for the coming year, but also less demand [...]

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Morning Softs 5/13/15

On May 13, 2015 - 10:16 AM By

COTTON General Comments: It was a lower day again yesterday, this time in reaction to the USDA reports. USDA showed less production potential for the coming year, but also less demand potential, and ending stocks estimates remained high. In addition, USDA showed that world production should be big once again and that stocks would be [...]

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Morning Softs 5/12/15

On May 12, 2015 - 10:49 AM By

COTTON General Comments: It was a lower day again yesterday as longs continue to liquidate. The price action overall has been positive, but prices faded from the lower end of the resistance areas last week and turned trends weaker on daily charts. Prices have been stronger on uneven, but generally positive export demand and less [...]

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Financials: June Bonds are currently 1’22 lower at 151’16, 10 Yr. Notes 15 lower at 126’13 and 5 Yr. Notes 6 lower at 119’10. German Bunds are 150 lower at 152.63. Rates have edged higher just about globally overnight as the market is worried about an uptick in inflation and also will Greece be eligible [...]

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