Currently viewing the tag: "Softs"

Morning Softs 9/19/14

On September 19, 2014 - 9:58 AM By

COTTON General Comments: Futures closed lower in response to a week of poor US export sales. US production conditions remain mostly good, and so far there have been no reports of damage to crops from big rains reported in the Southwest the last couple of days. Up side potential in prices should be limited as [...]

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Financials: Dec. Bonds are currently 13 higher at 136’04, 10 Yr. Notes 5 higher at 123’28.5 and 5 Yr. Notes 1 higher at 117’28. Wed. pronouncements by the FOMC left rates unchanged for the foreseeable future, but language in the minutes indicated a projected rise in rates sometime next year raising the forecast for funds [...]

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Morning Softs 9/18/14

On September 18, 2014 - 9:59 AM By

COTTON General Comments: Futures closed a little higher in moderate volume trading. US production conditions remain mostly good, but some potential for some big rains in Arizona and Texas from the Mexican hurricane could damage crops. Up side potential in prices should be limited as the world production potential remains large. USDA showed that India [...]

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Morning Softs 9/17/14

On September 17, 2014 - 10:31 AM By

COTTON General Comments: Futures closed lower again yesterday on some follow through selling. US production conditions remain mostly good, and it looks like the bullish effects from the smaller tan expected USDA production reports have made their way into the price. USDA showed the potential for smaller production here, but production ideas from USDA around [...]

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Financials: Dec. Bonds are currently 15 higher 136’15, 10 Yr. Notes 7.5 higher at 124’14.5 and the 5 Yr. Note 2.5 higher at 118’09.5. CPI (Consumer Price Index) this morning came in at a negative 0.2% vs. expectations of unchanged. Yesterday China added 500 billion yuan ($81billion) in stimulus to the banking system in an [...]

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Morning Softs 9/16/14

On September 16, 2014 - 10:15 AM By

FSA PLANTINGS DATA VIA REUTERS U.S. corn and soybean plantings Prevented planting (thousands of acres) Crop Sept 2014 Aug 2014 Sept 2013 Corn 1,582 1,540 3,573 Soybeans 841 827 1,687 Wheat 1,376 1,360 1,977 Rice 234 226 418 Barley 56 54 126 Sorghum 72 70 180 Cotton-Upland 86 84 205 U.S. corn and soybean plantings [...]

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Morning Softs 9/15/14

On September 15, 2014 - 10:56 AM By

COTTON General Comments: Futures closed mixed to higher on Friday on follow through buying from the USDA reports. Only October and December managed to close with small losses on what appeared to be some light farm selling in the US and also a very poor weekly export sales report from USDA. The market had expected [...]

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Financials: Dec. Bonds are currently 11 higher at 136’06, 10 Yr. Notes 5 higher at 124’04.5 and 5 Yr. Notes 2.5 higher at 118’01.5. The market is showing signs of evening up before this weeks FOMC meeting and some flight to quality before the Scottish vote on the referendum for independence. The market will be [...]

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Morning Softs 9/12/14

On September 12, 2014 - 9:57 AM By

COTTON General Comments: Futures closed higher in response to the USDA estimates that showed less tan expected production for this year and also less tan expected ending stocks. The market had expected unchanged to higher production, but got less production. Demand estimates were held strong, causing USDA to lower ending stocks estimates more tan the [...]

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Morning Softs 9/11/14

On September 11, 2014 - 8:53 AM By

COTTON General Comments: Futures closed higher on some speculative short covering before the USDA reports that will be released later this morning. Weather remains supportive to big US crop production as bolls are now opening. The northern areas of Texas should get mostly dry conditions which will support crops, but did see some showers over [...]

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Financials: Dec. Bonds are currently 8 higher at 137’14, 10 Yr. Notes 3 higher at 124’18.5 and 5 Yr. Notes 2.5 higher at 118’06.5. Weekly Jobless claims were up 11,000 to 315,000, somewhat more than the 300,000 the trade had expected. The yield on the 10 Yr. Note remains in the 2.5% area, slightly lower [...]

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Morning Softs 9/10/14

On September 10, 2014 - 10:21 AM By

COTTON General Comments: Futures closed higher on some speculative short covering. Weather remains supportive to big US crop production as bolls are now opening. The northern areas of Texas should get mostly dry conditions which will support crops, but did see some showers over the weekend. South Texas crops are now ready for harvest, or [...]

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