Currently viewing the tag: "Softs"

Morning Softs. 5/24/16

On May 24, 2016 - 9:49 AM By

COTTON
General Comments: Futures were mostly a little higher, but July closed a little lower. The new crop futures got Support from ideas of planting delays. USDA showed that overall planting progress remains behind the average, but is slightly ahead of last year. Planting in Texas is the most behind due to dry conditions […]

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Morning Softs 5/23/16

On May 23, 2016 - 9:34 AM By

COTTON
General Comments: The market remains in an overall trading range as the crop gets planted in the US. China continues to auction off just over 30,000 tons of Cotton each day to domestic buyers. That has meant less imports from the world market, but so far there has been no sign that any […]

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I have been saying for months that I expected no rate hikes until the end of 2016. The Fed however has changed their narrative and has developed a new tactic. Two days before last week’s release of the Fed minutes for April the Fed shipped out two Fed governors both Wednesday and Tuesday to imply […]

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Financials: June Bonds are currently 13 higher at 164’22, 10 Yr. Notes 3.5 higher at 129’26, 5 Yr. Notes 2 higher at 120’16.5 and June 2017 Eurodollars 1 higher at 98.91. Last weeks release of the FOMC minutes confirmed a partially hawkish stance by the Fed in relation to a data dependent rate hike sometime […]

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Morning Softs 5/18/16

On May 18, 2016 - 9:39 AM By

COTTON
General Comments: Prices were higher and made new highs for the move. Trends turned up on the daily charts and the weekly charts show that the market held support. Many traders were not sure exactly why the market rallied, and pointed to the rallies in Chicago as the main reason. The Chinese auctions […]

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Morning Softs 5/17/16

On May 17, 2016 - 10:09 AM By

COTTON
General Comments: Prices were mostly a little lower yesterday. The Chinese auctions continued and as buyers there bought all available offers. The government has increased the offer size due to the strong demand. World prices have been soft as the auctions have progressed. US plantings are progressing under mixed conditions. The area of […]

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The Windy City Trader 5/17/16

On May 17, 2016 - 7:17 AM By

Congrats to Jason Day after winning the Players Champions ship on the PGA tour. He has taken the number 1 spot away from last year’s phenom Jordon Spieth, who took it away from Irishman Rory McIlroy, all within the past year or so. There are so many great young players on the tour now one […]

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Morning Softs 5/16/16

On May 16, 2016 - 10:51 AM By

COTTON
General Comments: Prices were a little lower on Friday as the move lower completed its second week. Demand worries continued to surface as the Chinese auctions continued and as buyers there bought all available offers. There are reports that the government will start to increase the offer size due to the strong demand. […]

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Financials: June Bonds are currently 7 lower at 166’16, 10 Yr. Notes 4.5 lower at 130’26.5, 5 Yr. Notes 3 lower at 121’07 and June 2017 Eurodollars 1.5 lower at 99.045. We remain short the June 2017 Eurodollars from the 99.10 area feeling that there is currently one rate hike priced into this market and […]

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Morning Softs 5/13/16

On May 13, 2016 - 2:39 PM By

COTTON
General Comments: Futures closed mostly a little higher as the export sales report was improved. October and December were slightly lower. It has been wet in many production areas so far this month, and the Delta and Southeast are likely to remain wet for the short term. Conditions should improve in western Texas […]

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Morning Softs 5/12/16

On May 12, 2016 - 3:01 PM By

COTTON
General Comments: Futures closed lower on follow through selling tied to ideas that demand will stay weak and that China will remain a very light volume buyer. USDA increased production ideas for the coming crop more than trade ideas on expected increases in planted area and better growing conditions. Domestic demand was left […]

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Morning Softs. 5/11/16

On May 11, 2016 - 10:15 AM By

COTTON
General Comments: Futures closed lower in response to the USDA reports. USDA increased production ideas for the coming crop more than trade ideas on expected increases in planted area and better growing conditions. Domestic demand was left unchanged, but exports were increased due to more Cotton being produced. US ending stocks were higher […]

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