Archive for June, 2015

June 30, 2015 0

Tuesday, June 30, 2015 – Cotton Recovers From Early Weakness for Significant Daily Gain

By in Daily Reports

The Dec contract picked up 68 points on supportive US acreage data, settling at 67.91. The settlement was near the top of today’s trading range. Mar gained 48 points, settling at 67.29, the net effect leaving the Dec – Mar spread strengthened at 62.

For tomorrow…

June 30, 2015 0

Tuesday, June 30, 2015 – USDA June 30 Acreage Report Results

By in Uncategorized

In its annual June 30 acreage report, the USDA has reported (from surveys) that 9.0M total acres were planted to cotton this season, 8.85M acres to upland cotton. The results were 1.5M to 3.35M acres below published expectations and 1M acres below our expectations. Both the total and upland acreage are off 18% Y/Y.

We view this data as supportive and we will be presenting an updated US production estimate in our daily report soon.

June 30, 2015 0

Monday, June 29, 2015 – Daily Corn and Soybean Market Briefs and Forecast

By in Daily Reports
June 29, 2015 0

Monday, June 29, 2015 – Daily Wheat Market Brief and Forecast

By in Daily Reports
June 29, 2015 0

Monday, June 29, 2015 – Cotton Futures Settle Modestly Lower Ahead of Acreage Report

By in Daily Reports

The Dec contract gave up 28 points ahead of the USDA’s annual acreage report, settling at 67.23. The settlement was within the lower one half of today’s tight trading range. Mar lost 11 points, settling at 66.81, the net effect leaving the Dec – Mar spread weakened, but inverted, at 42.

For tomorrow…