Teas Drought Broken At Last Across Texas Fields
The western cotton belt finally received beneficial rainfall breaking the long drought. Reports show heavy showers across Texas with up to 6.33 inches in Taylor. In New York, the cotton market opened weak on July options but later recovered as shorts covered. Theodore Price issued a circular amid expectations of demand. government weekly report noted limited influence from Texas rains. Market activity remained cautious with futures hovering near previous levels and New Orleans cotton futures closing steady.
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Fleecy Staple Market News and Weather Gossip
Reading through a garbled market update from New Orleans, Norden bids 10.10 for 6000 July cotton while prices drift amid weak weather signals across Texas. Reports hint at moderate selling pressure, with some districts showing lighter demand and cautious buying tied to stormy forecasts and tentative futures activity.
Market Rumors Delay Cotton Prices On July Outlook
The report hints at cautious trading as cotton markets wobble amid expectations of July policy moves. Traders weigh price signals and speculative flows while observers note limited immediate demand and potential price weakness in the near term.
Piedmont Brokerage Daily Market Letter Summary
A chaotic June New York market sees lower pressure and uncertain tone as July positions edge toward liquidation. Traders note weak areas in specific stocks, with some signs of cautious recovery in certain sectors, while overall sentiment remains bearish amid looming policy and market condition concerns.
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Prices Open Higher Ban Stocks Amid Bearish Selloff
Prices opened higher but selling broadened bearish sentiment across the market. Copper, Anaconda and Sun setting shares saw sharp declines while most others slipped. government bonds softened as traders reassessed recent gains. The day showed no single group buffering the downturn, with wide red marks across speculative issues and narrow-market issues alike.
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New York and Atlanta Coffee Market Notes Prices
Irregular market chatter reports mixed coffee prices in New York and Atlanta markets. Traders cite supply shifts and odd lot inquiries with limited cargo details, while cotton sales loom as a separate note in the same publication.
Wall Street Tips Flashed Amid Market Declines
The report notes a cautious Wall Street mood with slight gains in some issues but general declines in early trading. Analysts expect a market pause as short-term traders remain active while fundamentals show mixed signals. London settlement opened with subdued sentiment and industrials broadly lower.
Government's Weekly Weather Report Improvised Summary
The report notes variable weather across states. Alabama reports cool early to midweek with below average rainfall in the east and northwest, and periods of showers. Georgia sees clear days with hot sunshine and cool nights, while drought persists in parts of Louisiana and the Gulf region. North Carolina reports scattered storms with cooler spells and clouds, and Texas notes generally warm conditions with storms in southern counties. Drought remains in interior districts and several regions show below average rainfall.
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Grain market notes from Chicago and Midwest weather signals
Grain traders report wheat opens higher with weak prices in some areas amid red rust reports from the Midwest. Weather forecasts warn of more winter wheat trouble, while shipments and prices show fluctuating demand as buyers in the northwest and South Dakota consider futures risk.
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Chicago
Market News Indicates Heavy Short Interest Ahead
A nervous New York market report notes heavy short positions on July futures with price declines and rain dampening farming regions. Dispatches from New Orleans and Philadelphia describe slumps and speculators scrambling to cover shorts as traders eye potential losses and demand uncertainty through the week ahead.
Opening Wheat Higher as Reports Signal Market Pressure
Damage reports from the Southwest and a private wire from China suggest wheat gains at the open while corn and oats are expected to fall. The market notes better cash demand for wheat and improved cash basis. Visible supply shows oats down and corn up while total receipts and clearances for the day unfold across grains.
MENTIONED IN THIS ARTICLE
China
Market Roundup Signals Fresh Movement in Goods
A terse market summary notes activity in grain and dry goods with renewed movement in first hands of prints and domestics. Prices are described as at a yearly low, with merchants signaling a midyear adjustment and private wire reporting in New York.
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