Currently viewing the tag: "Softs"

Financials: Sept. Bonds are currently 28 lower at 136’20, 10 Yr. Notes 10 lower at 124’11 and 5 Yr. Notes 5 lower at 118’21. Weekly Jobless Claims this morning were in the range of expectations being up by 23,000. Yesterday the FOMC left rates unchanged, continued paring the monthly purchase of Bonds and mortgage backed [...]

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Morning Softs 7/31/14

On July 31, 2014 - 10:47 AM By

COTTON General Comments: Futures closed lower again on good weather that implied big production Demand remains a problem, although export interest has started to improve due to the current price weakness. It is possible that the USDA reports Thursday morning could show improved demand. The lack of Chinese buying reflects in part the moves by [...]

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Morning Softs 7/30/14

On July 30, 2014 - 9:28 AM By

COTTON General Comments: Futures closed lower on the strong crop condition rati9ngs released by USDA Monday night that implied big production Demand remains a problem as China remains mostly out of the market. The lack of Chinese buying reflects in part the moves by the government to sell Cotton into the domestic market and to [...]

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Financials: Sept. Bonds are currently 16 lower at 138’14, 10 Yr. Notes 13 lower at 124’31 and 5 Yr. Notes 9 lower at 118’28’. GDP for 2nd quarter was up 4.0% better than the expected +3.0%. 1st quarter was revised to -2.1%. ADP private sector jobs report showed an estimated increase of 218K vs. a [...]

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Morning Softs 7/29/14

On July 29, 2014 - 9:27 AM By

COTTON General Comments: Futures closed higher in recovery trading. There was no news to push prices lower, and some recovery was possible given the extreme price weakness seen late last week Demand remains a problem as China remains mostly out of the market. The lack of Chinese buying reflects in part the moves by the [...]

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This is the favorite time of year for Chicago sports fans for many reasons. It is the start of training camp for Da Bearssss. This is in part due to Chicago fans undying love for the Bears but also largely in part to the fact that our “professional” baseball teams, the Sox and Cubs are [...]

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Financials: Sept. Bonds are currently 6 lower at 138’`5, 10 Yr. Notes 4 lower at 125’05 and 5 Yr. Notes 2.5 lower at 119’03. This will be a busy week for release of economic data, the most important of which will GDP on Wed., FOMC on Wed. and the Monthly Jobs Report on Fri. I [...]

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Morning Softs 7/28/14

On July 28, 2014 - 9:12 AM By

COTTON General Comments: Futures closed lower again. Demand remains a problem as China remains mostly out of the market. The lack of Chinese buying reflects in part the moves by the government to sell Cotton into the domestic market and to reduce stocks in warehouses. World supplies remain strong and ideas are that the US [...]

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Morning Softs 7/25/14

On July 25, 2014 - 9:19 AM By

COTTON General Comments: Futures closed lower despite a positive export sales report. Ideas of poor demand down the road are still around Demand remains a problem as China remains mostly out of the market. The lack of Chinese buying reflects in part the moves by the government to sell Cotton into the domestic market and [...]

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Financials: Sept. Bonds are currently 14 higher at 138’10, 10 Yr. Notes 3.5 higher at 125’05 and 5 Yr. Notes 1.2 higher at 119’02.7. Yesterday’s positive weekly Jobless Claims number (20,000 less than expected) took the Bonds down to the 137’28 level (Thurs. close) only to rally partially back to present levels after the release [...]

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Morning Softs 7/24/14

On July 24, 2014 - 10:12 AM By

COTTON General Comments: Futures closed a little higher, helped in part from lower crop condition ratings from USDA and on dry and warm forecasts for Texas. Demand remains a problem as China remains mostly out of the market. The lack of Chinese buying reflects in part the moves by the government to sell Cotton into [...]

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Morning Softs 7/23/14

On July 23, 2014 - 10:18 AM By

COTTON General Comments: Futures closed a little higher, helped in part from lower crop condition ratings from USDA. Demand remains a problem as China showed less imports in data released on Monday. Chinese imports were down in June and are lower on a year to date basis against last year. The lack of Chinese buying [...]

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