February 10, 2017 0

Friday, February 10, 2017 – ICE Cotton Finds Support on Continued Strong US Export Data; WASDE Projections Mostly Neutral

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The ICE Mar contract picked up 33 points on strong US export data and (we think) neutral USDA S&D projections as funds continued to roll out of Mar, settling at 75.58. The May contract gained 22 points at 76.65, the net effect leaving the nearby spread strengthened modestly at (107). Volume in Mar was near unchanged at nearly 29K lots while OI in the front month continued to contract at around 104K contracts.

For today…

February 10, 2017 0

Friday, February 10, 2017 – Daily Grain Market Briefs and Forecast

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February 9, 2017 0

Thursday, February 9, 2017 – Daily Grain Market Briefs and Forecast

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February 9, 2017 0

Wednesday, February 8, 2017 – ICE Mar Posts Small Gain, Spread Weakens Ahead of Large Report Day

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The ICE Mar contract picked up 16 points on the second day of the Goldman roll and ahead of a large report day, settling at 75.25. The May contract gained 29 points at 76.43, the net effect leaving the nearby spread weakened at (118). Volume in Mar slowed, but remained strong at nearly 29K lots (~67K across all active contracts) while OI in the front month continued to contract at around 119K contracts.

For tomorrow…

February 8, 2017 0

Wednesday, February 8, 2017 – Daily Grain Market Briefs and Forecast

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