Archive for July, 2014

July 26, 2014 0

Saturday, July 26, 2014 – Daily Cotton and Grain Report: Producer Edition for Friday, July 25

By in Producers and Ginners

Dec gave up another 70 points today to settle at 65.35. The settlement was within the lower one half of today’s 192 point trading range (64.53 –66.45).

Mostly favorable weather is expected to continue over major corn producing areas of the US over the near term with hotter temperatures over the southwestern Corn Belt expected to give way to milder temperatures.

Technically, the outlook for Nov soybeans has turned bullish, with most momentum indicators registering buy signals. Money flow indicators are also no longer registering oversold on a daily basis.

For Mon

July 26, 2014 0

Friday, July 25, 2014 – Dec Continues Southward into Lower Sixties

By in Daily Reports

Dec gave up another 70 points today to settle at 65.35. The settlement was within the lower one half of today’s 192 point trading range (64.53 –66.45).

Technical bias for the front month remains extremely bearish, with signs of the market being oversold reappearing. Money flow indicators also remain in an oversold condition. Dec is again settling below all pertinent SMA periods.

For Mon…

July 24, 2014 0

Thursday, July 24, 2014 – USDA Weekly Cotton Export Report Results

By in Uncategorized

USDA-FAS reported total net sales of 4.6K RBs and total exports of 73.6K RBs against the current MY for the week ending July 17. Both figures were off significantly from last week. Sales cancellations were reported at 20.3K RBs.

Total commitments against the current MY remain at nearly 11.1M bales. Shipments have reached 98% of the USDA’s export target of 10.5M bales. Shipments will need to average approximately 146K RBs over the remaining weeks (or reports, accounting for the lag factor) in the 2013/14 MY to meet the USDA’s target.

Total net sales against the 2014/15 MY were higher W/W at 372.4K RBs and now stand at 39% of the USDA’s projected 10.3M bale export projection when adding the difference between 2013/14 total commitments and projected exports to 2014/15 sales.

The market reportedly expected strong new crop export sales; however, sales were not terribly higher W/W and we view this information as mostly neutral.

July 24, 2014 0

Wednesday, July 23, 2014 – Daily Cotton and Grain Report: Producer Edition

By in Producers and Ginners

Dec picked up 17 points today ahead of the US cotton export report to settle at 68.08; however, the current consolidation pattern continues. The settlement was within the upper one half of today’s tight 85 point trading range (67.55 –68.40).

Nov soybeans gained 18¾ cents today after posting fresh contract lows overnight. Volume quickened and OI expanded today for the Nov contract.

For tomorrow…

July 23, 2014 0

Wednesday, July 23, 2014 – Dec Settles Slightly Higher Ahead of US Cotton Export Report, New Crop Export Sales Expected to be Strong

By in Daily Reports

Dec picked up 17 points today ahead of the US cotton export report to settle at 68.08; however, the current consolidation pattern continues. The settlement was within the upper one half of today’s tight 85 point trading range (67.55 –68.40).

Technical bias for the front month remains extremely bearish, with much of the market’s recent oversold condition having evaporated. However, money flow indicators remain in an oversold condition. Despite a second consecutive daily gain, the market remains in a consolidation pattern.

For tomorrow…

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