WHEAT
General Comments: Wheat markets were lower as the market remains pessimistic about demand potential for US Wheat. The weekly export sales report was […]
COTTON
General Comments: Cotton closed a little lower yesterday in consolidation trading. The weekly export sales report was strong and helped support prices. The […]
We kickoff the day with Building Permits Prel, Building Permits MoM Prel, Housing Starts, and Housing Starts MoM at 7:30 A.M., Fed Barr Speech and Fed […]
Continue Reading →The Fed might not see a recession coming but the oil market is pricing one in. Oil collapsed into “bear market territory” in a technical […]
Continue Reading →DJ U.S. Export Sales: Weekly Sales Totals-Nov 16
For the week ended Nov 9, in thousand metric tons, except cotton in
thousand running […]
We kickoff the day with Fed Cook Speech at 5:00 A.M., Fed Barr Speech at 6:10 A.M., Exports Sales, Export Prices MoM & YoY, Import […]
Continue Reading →COTTON
General Comments: Cotton closed a little lower yesterday in consolidation trading after the big rally seen the previous day due to a sharp […]
Hedge funds with their near-record short position still control the market’s direction until proven wrong. The shorts are betting that OPEC won’t have the stomach […]
Continue Reading →DJ CBOT Delivery Intentions: Totals – Nov 15
Source: CME Group
Contract Quantity Next Trade
Commodity Month Delivery Day Assigned Today Date […]
COTTON
General Comments: Cotton closed higher yesterday on buying related to market positive CPI dta released by the US government and the sharp move […]
OPEC’s Revenge. The Energy Report 11/20/2023
The recent price crash in oil led by hedge funds is raising the possibility of OPEC’s revenge. There is little doubt at this point that […]
Continue Reading →