Archive for August, 2014

August 30, 2014 0

Saturday, August 30, 2014 – Weekly Complimentary Cotton and Grain Report

By in Weekly Reports

Dec picked up 39 points this week with 330 points on 4 consecutive W/W gains for the month of Aug, to settle at 66.57. These results were on par with last week’s expectations.

The US has sold cotton for export from near the 73.00 level on lower, with this week’s sales significantly larger W/W despite rising futures prices in concert with strengthening US currency.

For next week…

August 30, 2014 0

Friday, August 29, 2014 – Daily Cotton and Grain Report: Producer Edition

By in Producers and Ginners

Economic news from the US continues to be supportive of downstream valued added demand; however, it is also supportive of US currency, which is generally not friendly to futures prices.

Nov soybeans gave back 4½ cents today to settle at 1024¼. Gaps remain above the current market at 1037 – 1042 and 1057¼ – 1057½.

For tomorrow…

August 30, 2014 0

Friday, August 29, 2014 – Dec Again Trades Strongly Into Settlement Period; Dec Riddled With Gaps

By in Daily Reports

Dec gave up a single point today, post generally weak trading action for most of the session, to settle at 66.57.

The standard technical bias for the front month is bullish, although trading action today was generally weak until the settlement period.

For tomorrow…

August 28, 2014 0

Thursday, August 28, 2014 – Daily Cotton and Grain Report: Producer Edition

By in Producers and Ginners

Gaps remain below the current market at 63.84 – 63.88 and 63.37 – 63.46 and above the market at 67.44 – 67.46 and 77.80 – 78.00. The settlement was within the lower one half of today’s 132 point trading range (66.12 – 67.44).

Technically, the daily and weekly outlook for Nov soybeans remains bearish with the market remaining in an oversold condition.

For tomorrow…

August 28, 2014 0

Thursday, August 28, 2014 – Dec Trades in Bearish Fashion Post Strong US Export Sales Report

By in Daily Reports

Dec gave back 88 points of its recent gains today, post the dissemination of a US cotton export report that showed continued robust demand for US cotton, to settle at 66.58.

US economic data releases continue to be strong and supportive of downstream value-added demand; however, over the near-term the associated strength in US currency is not friendly for Dec futures.

For tomorrow…