Currently viewing the tag: "Softs"

Morning Softs. 01/18/17

On January 18, 2017 - 11:10 AM By

COTTON
General Comments: Cotton futures closed a little lower despite US Dollar weakness. The USDA reports last week were negative as they showed a lot of Cotton here in the US and around the world. Futures have rallied significantly in the last several weeks, but now the market is taking a rest. Traders will […]

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The Windy City Trader 01/18/17

On January 18, 2017 - 10:27 AM By

Metals: Gold and silver pushed to their almost exact resistance points as the Fed is backtracking on the timing of interest rate hikes. Copper pushed to the top of its range but I would wait for lower action there to buy. Gold; The Fed will raise rates again, but probably not until at least the […]

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Morning Softs. 01/13/17

On January 13, 2017 - 10:08 AM By

COTTON
General Comments: Cotton futures closed lower in reaction to the USDA reports. USDA showed increased production against ideas of mostly stable production for the US. The big increase was seen in Texas. USDA also showed increased production potential for China. Export demand was increased, but not enough to offset the increased production, so […]

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Morning Softs. 01/12/17

On January 12, 2017 - 9:23 AM By

COTTON
General Comments: Cotton futures closed mostly slightly higher in consolidation trading before the USDA reports. Spreads were weak, and March actually closed slightly lower. USDA will issue its annual production report later this morning. The trade will look for high production estimates after the big production estimates released in November. The monthly supply […]

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Morning Softs. 01/11/17

On January 11, 2017 - 10:47 AM By

COTTON
General Comments: Cotton futures closed slightly higher in consolidation trading before the USDA reports on Thursday. USDA will issue its annual production report on Thursday. The trade will look for high production estimates after the big production estimates released in November. The monthly supply and demand updates should continue to show strong export […]

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The Windy City Trader. 01/10/17

On January 10, 2017 - 11:19 AM By

Metals: Copper has settled into a much higher range since the big rally after the election and gold and silver have stabilized and have been creeping higher since the bonds started advancing which shows a possible slower acceleration of rate hikes. Gold; From highs at $1350 in early November February gold pushed all the way […]

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Morning Softs. 01/10/17

On January 10, 2017 - 9:47 AM By

COTTON
General Comments: Cotton futures closed lower in liquidation selling before the USDA reports on Thursday. The market is fearful for bigger production and ending stocks estimates. Weekly chart patterns suggest higher prices are coming and that selling now might not be more than a correction. USDA will issue its annual production report on […]

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Morning Softs 01/09/17

On January 9, 2017 - 10:31 AM By

COTTON
General Comments: Cotton futures closed higher after selling in the first part of the day dried up. It was a positive day and implied that higher prices are possible. Weekly chart patterns also suggest higher prices are coming. USDA will issue its annual production report on Thursday. The trade will look for high […]

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Morning Softs 01/06/17

On January 6, 2017 - 10:38 AM By

DJ U.S. November Coffee, Cocoa Imports-Jan 6
In kilograms from the U.S. Commerce Department, converted to pounds
by Dow Jones.
—-Nov 2016—- —-Oct 2016—-
-coffee- kilograms pounds kilograms pounds
coffee, unroasted 127,506,296 281,151,383 105,016,589 231,561,579
coffee, roasted 7,177,971 15,827,426 7,331,255 16,165,417
coffee, soluble
instant 3,633,974 8,012,913 3,203,601 […]

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Morning Softs. 01/05/17

On January 5, 2017 - 9:39 AM By

COTTON
General Comments: Cotton futures closed higher on follow through buying as demand overall appears to be better than previous trade ideas. The ICAC put tts world production estimates at 22.77 million tons, but estimated demand at 24.13 million tons The demand might stay stronger as there are conflicting production reports from India, where […]

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Morning Softs. 01/04/17

On January 4, 2017 - 11:35 AM By

COTTON
General Comments: Cotton futures closed higher on follow through buying as demand overall appears to be better than previous trade ideas. The demand might stay stronger as there are conflicting production reports from India, where the market remains a mess due to the currency changes made by the government. The weekly charts show […]

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Morning Softs. 01/03/17

On January 3, 2017 - 12:00 PM By

COTTON
General Comments: Cotton futures closed higher in reaction to strong weekly export sales. Prices moved higher for the week. The export sales report showed that China and Southeast Asia were very strong buyers. The close was disappointing as futures pulled back in a big way from strong resistance near 7200 March. The weekly […]

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