COTTON General Comments: Cotton was lower again on weaker demand ideas. The export sales report showed poor sales once again. USDA made no changes to the domestic supply or demand sides of the balance sheets, but did cut world ending stocks slightly. Trends are still down on the daily and weekly charts. Demand has been weaker so far this year. The US economic data has been positive, but the Chinese economic data has not been real positive and demand concerns are still around. However, Chinese consumer demand has held together well, leading some to think that demand for Cotton in world markets ..read more

A wild evening of risk on and risk off as the market fear cages had a significant test and geopolitical events are on the cusp of our worst nightmares. Now the market must decide whether the tensions are closer to the beginning or closer to the end. Oil popped and dropped after it was reported that Israel responded to Iran’s attack on their country with a missile strike or drone strike or a combination of both. The early indications seem to suggest a limited response by Israel, perhaps in an attempt to not escalate the conflict but is already being criticized by some in Israel as a ‘weak” resp ..read more

We kickoff the day with Export Sales, Initial Jobless Claims, Philadelphia Fed Manufacturing Index, Continuing Jobless Claims, Jobless Claims 4-Week Average, Philly Fed Business Conditions, Philly CAPEX Index, Philly Fed Employment, Philly Fed New Orders, and Philly Fed Prices Paid at 7:30 A.M., Fed Bowman Speech at 8:05 A.M., Fed Williams Speech at 8:15 A.M., Existing Home Sales, Existing Home Sales MoM, and CB Leading Index at 9:00 A.M., EIA Natural Gas Storage at 9:30 A.M., Fed Bostic Speech at 10:00 AM.,4-Week & 8-Week Bill Auction at 10:30 A.M., 5-Year TIPS Auction at 12:00 P.M., and ..read more

DJ U.S. Export Sales: Weekly Sales Totals-Apr 18 For the week ended Apr 11, in thousand metric tons, except cotton in thousand running bales. Net changes in commitments are gross sales, less cancellations, buy-backs and other downward adjustments. Total commitments are total export shipments plus total sales. The marketing year for wheat and barley began Jun 1, cotton and and rice Aug 1, corn, soybeans and sorghum Sep 1, and soymeal and soyoil Oct 1. Source: USDA wk’s net chg total in commitments commitments undlvd sales this yr next yr this yr last yr this yr next yr wheat -93.6 222.0 18734.8 ..read more

COTTON General Comments: Cotton was lower on weaker demand ideas. The export sales report showed poor dales once again. USDA made no changes to the domestic supply or demand sides of the balance sheets, but did cut world ending stocks slightly. Trends are still down on the daily and weekly charts. Demand has been weaker so far this year. The US economic data has been positive, but the Chinese economic data has not been real positive and demand concerns are still around. However, Chinese consumer demand has held together well, leading some to think that demand for Cotton in world markets will i ..read more

Jerome Powell hints: You can’t hurry cuts. No, you’ll just have to wait. Inflations not easing, But It’s a game of give and take. You can’t hurry cuts, no, you just got to wait, just trust in the Fed’s time, it’s a game of interest rates. How many heartaches must we stand before inflation’s so tame to let us live again. Rate cuts were the only thing that kept us hanging on. When I feel my paycheck, you know it’s almost gone. No, you can’t hurry cuts…. Well after trying to hold support for days, the market had the rug pulled out from underneath it as the market seemed to lose the Fed and the St ..read more

DJ Analysts’ Estimates for April Cattle-On-Feed Report The following estimates, as compiled by the Wall Street Journal for the nation’s feedyards with a capacity of 1,000 or more head, are in percentages of the year-earlier figure. High and low projections were dropped in the calculation of averages. The U.S. Department of Agriculture report is scheduled for release at 3 p.m. ET (1900 GMT) Friday. Average Range of estimates of estimates On-feed Apr 1 102.0 101.6-102.5 Placed in Mar 92.8 90.0- 94.7 Marketed in Mar 89.0 86.5- 91.3 Analyst On-Feed Placements Marketed Apr 1 in Mar in Mar Allegiant ..read more

JULY CORN For the past 6 weeks, July Corn has been locked in a tight 20 cent range (440-460), as headwinds such as planting pressure, rains in the dry areas , the Iranian airstrike & the April WASDE Report push it down to the 440 level & tailwinds such as todays export at inspections 1.333 mmt & todays flash sale of 165,000 mt to Mexico lift it to the 460 level! Traders were generally disappointed by the wide disparity in the South American estimates tssued last Friday between the USDA (124) & CONAB (112) & feel the May WADSE will correct  it! Common sense would say B ..read more

COTTON General Comments: Cotton was lower on weaker demand ideas. The export sales report showed poor dales once again. USDA made no changes to the domestic supply or demand sides of the balance sheets, but did cut world ending stocks slightly. Trends are still down on the daily and weekly charts. Demand has been weaker so far this year. The US economic data has been positive, but the Chinese economic data has not been real positive and demand concerns are still around. However, Chinese consumer demand has held together well, leading some to think that demand for Cotton in world markets will i ..read more

Wars, rumors of war, record deficits, raging inflation and threating more taxes and regulations on US energy as Iran’s Oil production is allowed to hit a 5 and a half year high and they secretly meet with the Maduro regime while having to decide this week as to whther or not to impose sanctions. And now with the supplies of aluminum platinum tightening ask the CME Group and the London metals exchange decides to not deal with the Russian supply the Biden administration is now suggesting tariffs on Chinese metals. Oil prices are pulling back as Israel has yet to respond to Iran’s unprecedented a ..read more