January 17, 2017 0

Tuesday, January 17, 2017 – Daily Grain Market Briefs and Forecast

By in Daily Reports
January 17, 2017 0

Tuesday, January 17, 2017 – Weekly Cotton and Grain Market Report and Forecast

By in Uncategorized

The bulls won during the first week of 2017; last week it was the bears with the Mar contract giving back 172 points, settling at 72.27. Spreads weakened over the course of the week, but the July – Dec spread remains heavily inverted. The bulk of pressure on the ICE cotton market this week was a result of bearish numbers put forth in the Jan WASDE report.

For this week…

January 16, 2017 0

Monday, January 16, 2017 – ICE Cotton gives Up Significant Ground Post Bearish WASDE Report

By in Uncategorized

The ICE Mar contract gave up 7 points on Fri, ahead of the long holiday weekend, settling at 72.27 – a 172 point setback on the week. The May contract lost 9 points, settling at 72.76 – the net effect leaving the Mar – May spread near unchanged at (49). Volume for Mar delivery slowed at just below 12K lots while Mar OI contracted at approximately 169.2K contracts.

For tomorrow…

January 12, 2017 0

Thursday, January 12, 2017 – Daily Grain Market Briefs and Forecast

By in Daily Reports
January 12, 2017 0

Wednesday, January 11, 2017 – ICE Cotton Finishes Near Unchanged Ahead Big Report Day

By in Uncategorized

The ICE Mar contract gave up 5 points ahead of the US export and USDA WASDE reports, settling at 73.14. The May contract gained 2 points, settling at 73.66 – the net effect leaving the Mar – May spread weakened at (52). Volume for Mar delivery quickened at around 15.2K lots while Mar OI contracted at approximately 175.2K contracts. Intraday rallies on the front month appeared to be viewed by many participants as opportunities to liquidate long positions.

For tomorrow…