U.S. stocks drifted to a mostly higher close on Wall Street, marking their fourth winning week in a row
- Sticky Inflation, Sticky Rates
- Summary
- Looking Ahead
Corn and wheat prices each face a moderate technical setback, in contrast
June Lean Hogs opened lower and broke down to a new low for the down move at 96.425.
After a relatively slow start in the first quarter, silver is making its move, significantly outpacing gold as it trades at an 11-year high.
In a strategic move to bolster its commitment to sustainable energy, Saudi Aramco (2223.SE) has entered into three significant memorandums of understanding (MOUs) with U.S. companies Aeroseal, Spiritus, and Rondo.
U.S. stocks traded in a muted fashion Friday, but are set to end a week dominated by mild inflation data on a positive note.
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- Today
- Morning Ag Outlook
More weekend rains forecasted for Southern Brazil lifts soybean prices
Cattle futures make new highs for the move pushed by sharply higher boxed beef cutouts and higher cash in the North.
Afternoon market recap: Soybeans slightly firm on Thursday, while corn and wheat prices spill lower.
US stocks regrouped Friday as Wall Street set up another bid to reach bullish milestones as investors dithered over the odds for rate cuts.
One-hundred-and-twenty-eight-years-old and still doing new tricks: America’s oldest popular stock index, the Dow Jones Industrial Average, hit a record high yesterday morning when it traded above 40,000, reflecting renewed hope for the market’s health after Wednesday’s promising inflation report.
At the Chicago Mercantile Exchange, live and feeder cattle were higher, waiting for widespread direct business to develop and the sharply higher trend in boxed beef.
- The Week Ahead
- Research This Week
- Key Events To Watch
- Calendar
- The New Gold Playbook
- London open
- Chart of the day: Key China Indicators
U.S. stocks are drifting near their records Friday as Wall Street heads for the finish of another winning week
- Fire And Rain
- Unpacking the surge in gold futures
- Chart of the Day: Gold futues continue to find reasons to lift higher
U.S. equity markets were unable to hold on to early gains yesterday, selling off steadily throughout the day and resulting in all of the major averages closing at their intraday lows.
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- GBP/JPY Daily Outlook
- Wheat
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- Corn and Oats
- Asia open
- Chart of the day: Residential New Home Inventory
- Cotton
- FCOJ
- Coffee
- The Conference Board Leading Economic Index® (LEI) for the U.S. decreased 0.6 percent,
- The Conference Board Coincident Economic Index® (CEI) increased 0.2 percent, and
- The Conference Board Lagging Economic Index® (LAG) increased 0.4 percent in April.
- Energies
- Metals
- Treasuires
Corn Closes With Losses as Planting Window is Open.
Soybeans Close Mixed Following Lackluster Export Sales Data.
Wheat End the Thursday Session in the Red.
June gold (GCM4) Thursday closed down -9.4 (-0.39%), and July silver (SIN24) closed up +0.147 (+0.49%).
Crude Posts Moderate Gains on Tight Supplies and United States Energy Demand Optimism.
Dollar Ends Higher and Gold Falls on Hawkish Fed Comments.
Stocks Fall Back on Concern Interest Rates to Stay Higher for Longer.
Arabica Coffee Closes Lower as Intercontinental Exchange (ICE) Coffee Inventories Recover.
Sugar Prices Slump as Supply Concerns Fade.
Cotton Posts Thursday Strength.
Hogs Pull Back from Highs, Still Close with Gains.
Cattle Rally in Unison with Boxed Beef. Live cattle posted Thursday gains of a nickel to 92 cents, as boxed beef prices continue to rally ahead of Memorial Day.
In the euro area, we receive the final euro area inflation data for April.
On Wednesday, a subscriber called in to renew his subscription and asked, “How did you know about China?”
July Corn closed 5 ½ cents lower ($4.57), Sept 5 ½ cents lower $4.67 ¾) & Dec 5 ¼ cents lower ($4.81 ¾)
May 16th, 2024
Soybeans slightly firm on Thursday, while corn and wheat prices spill lower |
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- Summary
- Looking Ahead
- The Oil Market Was A Victim Of Its Own Success
- U.S. and Mexico 2024/25 Sugar Production Expected To Be Larger Than 2023/24