Currently viewing the tag: "Technical Analysis"

Morning Grains. 07/25/16

On July 25, 2016 - 9:43 AM By

DJ Summary For July USDA Monthly Cattle On Feed Data
Data from the U.S. Department of Agriculture’s monthly cattle-on-feed report, released at 3 p.m. EDT on Friday, and analysts’ estimates as compiled by the Wall Street Journal.
Numbers USDA’s Average Range
2016 2015 estimated of analysts’ of analysts’
% of prev […]

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Morning Softs. 07/25/16

On July 25, 2016 - 9:36 AM By

COTTON
General Comments: Cotton futures closed a little lower, but remained in the same daily trading range that had been seen for much of the week. It is still a weather market, with crops in the southern and western Great Plains and also the Indian subcontinent facing stressful conditions. It remains very hot and […]

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Storms that started late last week and some farmers in certain growing areas are doing backflips while others did not receive rain that was forecasted and others are concerned with flooding. As I mentioned the storms produced plenty of rain and I will get updates from down on the farm throughout the day. We also […]

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Oil prices continue to feel pressure from a rising U.S. dollar and rising rig counts but the long  term  outlook for the global oil market is looking ever more scary. As the oil industry continues to contract, the investment in oil for the long haul continues to retrench. While we are focused on what we […]

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Morning Grains. 07/22/16

On July 22, 2016 - 9:48 AM By

DJ Analysts’ Estimates for July USDA Cattle-On-Feed Report
The following estimates, as compiled by the Wall Street Journal for the nation’s feed yard with a capacity of 1,000 or more head, are in percentages of the year-earlier figure. High and low projections were dropped in the calculation of averages. The U.S. Department of Agriculture […]

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Morning Softs. 07/22/16

On July 22, 2016 - 9:42 AM By

COTTON
General Comments: Cotton futures closed higher on stronger tan expected export sales. The sales were good despite news of less Chinese demand. It remains very hot and dry in Texas and in all parts of the western Great Plains, and there is no real relief in sight. Crops in the Delta and Southeast […]

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 Weather is playing a factoring role in the current trade in the Grain complex which has traders scratching their heads if we had too much rain or not enough after the heavens opened up which could flood the fields after yearning for moisture in that has been lacking in the soil. Mother Nature is fueling […]

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Oil prices are testing key support levels as they try to balance supply versus demand and demand expectations. Supply seems to be speaking for itself as combined, all U.S. crude oil and refined product stocks are at 2.08 billion barrels, an all-time high. But demand is near all-time highs as well. The American Petroleum Institute […]

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Morning Grains. 07/21/16

On July 21, 2016 - 10:19 AM By

DJ Analysts’ Estimates for July USDA Cattle-On-Feed Report
The following estimates, as compiled by the Wall Street Journal for the nation’s feedyards with a capacity of 1,000 or more head, are in percentages of the year-earlier figure. High and low projections were dropped in the calculation of averages. The U.S. Department of Agriculture report […]

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Morning Softs. 07/21/16

On July 21, 2016 - 10:15 AM By

COTTON
General Comments: Cotton futures closed lower on the higher US Dollar and ideas the stronger Dollar could hurt export demand. It remains very hot and dry in Texas and in all parts of the western Great Plains, and there is no real relief in sight. Crops in the Delta and Southeast are in […]

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The fickle personality of Mother Nature is driving a wedge between the bulls and bears in the Grain complex. The heat should create a running of the bulls but rains that the front has produced in certain growing areas have longs guessing if the market has priced in the worst with the USDA reporting Crop […]

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Oil prices gave up some oil inventory inspired gains after Japan said there is no chance Japan will resort to “helicopter money” bonds. Darn, I already thought they had. This comes against a backdrop of a state of emergency in Turkey that is raising concerns that Turkey may actually start moving away from the West […]

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