for the World's Agriculture Industry Since 1988 |
![]() | ||
For full site access Lost Password? Customer Center Trade Directory Special Crops Beans Lentils Peas Chickpeas Birdseed Mustard & Other Spices & Herbs Dried Fruit & Nuts Supply-Demand The rest of Agriculture Bio-Energy Commentary Grain Oilseed Livestock Poultry Cotton & Wool Fresh Fruit & Vegetables Dried Fruit & Nuts Dairy Technology General Organic Just for Growers Cash Markets Futures Markets Weather Price Graphs Export Data Supply-Demand Subscribe Today! Privacy Policy Subscriber Agreement Ag Links Affiliates Add Headlines! To your website! |
Alaron Softs CommentCHICAGO - May 8/08 - SNS -- Following is the orange juice, cotton and coffee comment from Alaron Trading Corp. July cotton traded in a 90 point range today as traders await the release of the USDA's Crop Production Report, which will be released at 7:30am CST. The USDA will be releasing for the first time the supply and demand numbers for the new marketing year (2008-2009). Traders are not expecting much of a change in regards to U.S. demand. The USDA reports in the last few months have shown ending stocks increase due to the decline in demand. Traders will be looking at production estimates as U.S. plantings are expected to be the lowest in 25 years. If we do not get any surprises in this report, the market could revert back to the near term fundamentals. The market has been pressured and the upside limited because of what I mentioned earlier, weak demand and increasing stocks. In addition, cotton plantings have gone smoothly. Barring a surprise rpeort, I am looking for July prices to re-test the December 2007 low of 66.13. Support for July is at 70.00. Resistance is at 72.00. Boyd Cruel Alaron Research Team 800.563.9510 bcruel@alaron.com DISCLAIMER: Futures and options trading involve substantial risk. The valuation of futures and options may fluctuate, and as a result, clients may lose more then their original investment. In no event should the content of this website be construed as an express of an implied promise, guarantee or implication by of from the author(s) that you will profit or that losses can or will be limited in any manner whatsoever. Past performance is not necessarily indicative of future results. Information provided on this website is intended solely for informative purposes and is obtained from sources believed to be reliable. Information is in no way guaranteed. No guarantee of any kind is implied or possible where projections of future conditions are attempted. Alaron Trading Corp. its officers, directors, employees and brokers may in the normal course of business have positions, which may or may not agree with the opinions expressed in this report. Information on this page is derived from third parties and is deemed to be reliable. STAT Communications Ltd. accepts no responsibility for errors, omissions or inaccuracies in any of the material presented on this web site. Opinions expressed on this web site are those of the respective individuals and/or institutions and do not represent the opinions of STAT Communications Ltd. and/or STAT Publishing or its staff and/or management.
|