Fri, April 26th is Last Trading Day for May24 NYM Natural Gas. Fri, April 26th is Last Trading Day for Apr24 CMX/NYM Metals ..read more

WHEAT General Comments: Wheat was higher yesterday and trends turned up in all three markets. The weather is the key, with extreme dryness reported in Russia and parts of the US and too wet conditions reported in Europe. The weekly export sales report showed poor sales once again. The problems with Russian Wheat exporters continue but are apparently getting resolved in the governments favor. The reports indicate that the government is seeking more control of the exports and has made life very difficult on the private exporters in an effort to extract more sales and powers to the government. Ru ..read more

COTTON General Comments: Cotton was mostly lower yesterday although May closed a little higher on short covering before the deliveries start. Demand remains a problem. 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 consum ..read more

Oil prices rebounded yesterday from signs that the geopolitical tension may not have eased as much as previously believed. After the close we saw the American Petroleum Institute (API) report that petroleum supplies came in tighter than the market was expecting. The API reported the crude oil inventories fell by 3.23 million barrels where the market expectation was that they were going to increase by 1.8 million barrels. We also saw a 595,000 barrel drop in gasoline inventories and distillate inventories eked out a gain of 724,000. Attacks on Russian oil infrastructure and commitments by Russi ..read more

Tomorrow is First Notice Day for May24 ICE-US Cotton and Cocoa. Fri, April 26th is Last Trading Day for May24 NYM Natural Gas.  Fri, April 26th is Last Trading Day for Apr24 CMX/NYM Metals ..read more

WHEAT General Comments: Wheat was lower last week and trends remain mixed in all three markets. The weekly export sales report showed poor sales once again. The problems with Russian Wheat exporters continue but are apparently getting resolved in the governments favor. The reports indicate that the government is seeking more control of the exports and has made life very difficult on the private exporters in an effort to extract more sales and powers to the government. Russia is the world’s largest exporter and sets the world price and prices remain low. Big world supplies and low world prices ..read more

JULY WHEAT A plethora of bullish fundamentals have driven July Wht to two month highs – including historical cheapness, dryness in the US Southern Plains & Russia & military strikes into Ukraine perpetrated by Russia! Also, Russia has had recent difficulties with its export system! These factors coupled with a probable upside technical break-out could finally signal a long-awaited bottom in July Wht!   JULY CORN July Corn was “down & dirty” at the end of last wk breaking out of its consolidation pattern on the downside, but it quickly reversed with solid gains Friday & t ..read more

COTTON General Comments: Cotton was higher yesterday in recovery trading. Demand remains a problem. 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 ..read more

WHEAT General Comments: Wheat was lower last week and trends remain mixed in all three markets. The weekly export sales report showed poor sales once again. The problems with Russian Wheat exporters continue but are apparently getting resolved in the governments favor. The reports indicate that the government is seeking more control of the exports and has made life very difficult on the private exporters in an effort to extract more sales and powers to the government. Russia is the world’s largest exporter and sets the world price and prices remain low. Big world supplies and low world prices ..read more

COTTON General Comments: Cotton was lower last week 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 mark ..read more