From the monthly archives: February 2024
WHEAT
General Comments: Wheat was mostly a little lower yesterday as new buying entered the pit despite big world supplies and low world prices. […]
COTTON
General Comments: Cotton closed higher yesterday. Prices held above a breakout from a sideways pattern made on Friday after giving that area a […]
We kickoff the day with MBA 30-Year Mortgage Rate, MBA Mortgage Applications, MBA Mortgage Market Index, MBA Mortgage Refinance Index, and MBA Purchase Index at […]
Continue Reading →Somehow oil and petroleum products become Inflation-Proof when the supply side starts to drain. The consumer price index came in hotter than expected at 3.1% […]
Continue Reading →DJ USDA Grain Inspections for Export in Metric Tons – Feb 12
WA_GR101
Washington, DC Mon Feb 12, 2024 USDA Market News
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We kickoff the day with NFIB Business Optimism Index at 5:00 A.M., Core Inflation Rate MoM & YoY, Inflation Rate MoM & YoY, CPI, CPI […]
Continue Reading →COTTON
General Comments: Cotton closed lower yesterday after making new highs for the move. Prices held above a breakout from a sideways pattern made […]
As soon as the International Energy Agency (IEA) tells you that they are comfortable with the global oil supply outlook, it is time to worry. […]
Continue Reading →WHEAT
General Comments: Wheat was lower last week on big world supplies and low world prices. HRW futures was the weakest market. The weekly […]
Wheat: Wheat was lower last week on big world supplies and low world prices. HRW futures was the weakest market. The weekly export sales report […]
Continue Reading →COTTON
General Comments: Cotton closed higher last week and above strong resistance on the weekly charts in response to a reduction in ending stocks […]
Disagreeable/St Valentine’s Day Natural Gas Massacre. The Energy Report 02/15/2024
OPEC and the International Energy Agency can’t seem to agree on anything. Not only has a war of words broken out between these two groups, […]
Continue Reading →