Archive for August, 2015
Thursday, August 27, 2015 – Daily Corn, Soybean and Wheat Market Briefs and Forecast
By admin in Daily ReportsThursday, August 27, 2015 – Cotton Futures Move Higher on Lukewarm Export Data
By admin in Daily ReportsThe Dec contract gained 84 points today, post the release of lukewarm export data, settling at 63.35. The settlement was near the top of the trading range. Mar gained 88 points, settling at 63.13, the net effect leaving the Dec – Mar spread near unchanged at 22. Volume slowed D/D in the Dec contract at approximately 15K contracts while Dec OI contracted at approximately 128K contracts.
For tomorrow…
Thursday, August 27, 2015 – Weekly US Cotton Export Report Results and Commentary
By admin in UncategorizedTotal net export sales for the week ending Aug 20 were reported somewhat higher vs last week at 63.3K running bales while total shipments were reported at 109K running bales. Sales cancelations were reported at nearly 16K running bales. Total commitments against the new marketing year are nearly 28% of the USDA’s 10M bale export projection and new crop sales will need to average approximately 145K running bales per week in order to meet the USDA’s export target.
Overall, although it is very early in the marketing year, we see today’s data as less than supportive. However, with the markets current fall this week in excess of 400 points, today’s export report may be priced into the market.
Wednesday, August 26, 2015 – Daily Corn, Soybean and Wheat Market Briefs and Forecast
By admin in Daily ReportsWednesday, August 26, 2015 – Cotton Futures Continue to Slide Ahead of US Export Report
By admin in Daily ReportsThe Dec contract gave up another 65 points ahead of the weekly US cotton export report, settling at 62.51. The settlement was within the lower one quarter of the trading range. Dec attempted three moves higher off its intraday lows, near 62.30, but could not sustain enough upward momentum to challenge yesterday’s settlement. Mar lost 61 points, settling at 62.25, the net effect leaving the Dec – Mar spread near unchanged at 26.
For tomorrow…
