In This Issue
1. Softs & Focus Monthly Outlook
2. Live S&P Pit Audio Feed
3. Economic Calendar
Spring cotton plantings are underway in the United States with about 10% of the crop now in the ground. Texas has had extremely dry weather since October with rainfall levels the lowest in decades and this is already starting to worry farmers, particularly in the dry land areas. Texas now accounts for such as large portion of total US cotton output clearly there is cause for concern if the rains don’t start soon. The US cotton planting intentions report actually showed a smaller increase in acreage than anticipated, but with favorable weather, the crop is still expected to be sizeable and more than likely exceed demand, which should wane and help to rebuild stocks after potentially dropping to record lows this season.
You can read the rest of the PDF entitled Fast Facts - April 2011: Hard Facts on Soft Commodities by J. Ganes Consulting, LLC.
*Note: This link will open in a new window, and the PDF is hosted by the Ganes Consulting, LLC website.
This is a condensed, boiled down version of the SP pit squawk. Our broadcaster Ben Lichtenstein will filter some of the more repetitious information associated with the randomness of the trading day in order to provide you with the most concise and informative live pit audio services available to at home retail and institutional traders.
Listen to a sample: Sample S&P Pit Audio
Source: Moore Research Center, Inc.
| Date | Reports | Expiration & Notice Dates |
| 04/27 Wed |
6:00 AM CDT - MBA Mortgage Purchase Index
7:30 AM CDT - Durable Orders(Mar) 9:30 AM CDT - API & DOE Energy Stats 1:15 PM CDT - FOMC Rate Decision(Apr) |
LT: Apr Copper(CMX)
Apr Gold(CMX) Apr Silver(CMX) Apr Platinum(CMX) Apr Palladium(CMX) May Natural Gas(NYM) |
| 04/28 Thu |
7:00 AM CDT - Census Crush
7:00 AM CDT - Cotton Consumption 7:30 AM CDT - Initial Claims-Weekly 7:30 AM CDT - USDA Weekly Export Sales 7:30 AM CDT - Chain Deflator-Adv(Q1) 7:30 AM CDT - GDP-Adv(Q1) 7:30 AM CDT - GDP Deflator(Q1) 9:00 AM CDT - Pending Home Sales(Mar) 9:30 AM CDT - EIA Gas Storage 3:30 PM CDT - Money Supply |
FN: May Natural Gas(NYM)
LT: Apr Milk(CME) Apr Milk Options(CME) |
| 04/29 Fri |
7:30 AM CDT - Dairy Products Prices
7:30 AM CDT - Employment Cost Index(Q1) 7:30 AM CDT - PCE Prices-Core(Mar) 7:30 AM CDT - Personal Income & Spending(Mar) 8:45 AM CDT - Chicago PMI(Apr) 8:55 AM CDT - Michigan Sentiment-Final(Apr) |
FN: May Copper,Gold,Silver(CMX)
May Platinum,Palladium(CMX) May Corn,Wheat(CBT) May Oats,Rough Rice(CBT) May Soybeans,Soyoil,Soymeal(CBT) LT: Apr Fed Funds(CME) Apr Live Cattle(CME) May Heating Oil(NYM) May Sugar-11(NYM) Apr Fed Funds Options(CME) May Lumber Options(CME) |
| 05/2 Mon |
9:00 AM CDT - Construction Spending(Mar)
9:00 AM CDT - ISM Index(Apr) 2:00 PM CDT - Auto & Truck Sales(May) |
FN: May Orange Juice(ICE)
May Sugar-11(NYM) |
| 05/03 Tue |
9:00 AM CDT - Factory Orders(Mar) |
FN: May Heating Oil(NYM)
May RBOB Gasoline(NYM) |
| 05/04 Wed |
6:00 AM CDT - MBA Mortgage Purchase Index
6:30 AM CDT - Challenger Job Cuts(Apr) 7:15 AM CDT - ADP Employment Change(Apr) 9:00 AM CDT - ISM Services(Apr) 9:30 AM CDT - API & DOE Energy Stats |
|
| 05/05 Thu |
7:30 AM CDT - Initial Claims-Weekly
7:30 AM CDT - USDA Weekly Export Sales 7:30 AM CDT - Prodcutivity-Prel(Q1) 9:30 AM CDT - EIA Gas Storage 3:30 PM CDT - Money Supply |
|
| 05/06 Fri |
7:30 AM CDT - Dairy Product Prices
7:30 AM CDT - Ave Workweek & Hourly Earnings(Apr) 7:30 AM CDT - Nonfarm Payrolls(Apr) 7:30 AM CDT - Unemployment Rate(Apr) 2:00 PM CDT - Consumer Credit(Mar) |
LT: May Cotton(CME)
May Butter Options(CME) May Canadian Dollar Options(CME) May Currencies Options(CME) May US Dollar Options(ICE) May Live Cattle Options(CME) May Pork Bellies Options(CME) Jun Cocoa Options(ICE) |
| 05/09 Mon |
FN: May Butter(CME)
May Pork Bellies(CME) |
|
| 05/10 Tue |
7:30 AM CDT - Export & Import Sales(Apr)
9:00 AM CDT - Wholesale Inventories(Mar) |
LT: May Orange Juice(ICE) |
* Please note that the information contained in this letter is intended for clients, prospective clients, and audiences who have a basic understanding, familiarity, and interest in the futures markets.
** The material contained in this letter is of opinion only and does not guarantee any profits. These are risky markets and only risk capital should be used. Past performances are not necessarily indicative of future results.
*** This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts herein contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgment in trading!