Stocks

Crude Rises on Possible Sanctions on Russian and Iranian Crude

Crude Rises on Possible Sanctions on Russian and Iranian Crude

January WTI crude oil (CLF25) today is up +0.80 (+1.14%), and January RBOB gasoline (RBF25) is up +0.0112 (+0.56%). Crude oil and gasoline prices today are moderately higher and posted 2-1/2 week highs.  The prospects for additional sanctions on Russian and Iranian crude supplies are pushing oil prices higher today. …

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Cotton Falls on Friday to Close the Week with Losses

Cotton Falls on Friday to Close the Week with Losses

Cotton futures ended the Friday session with loses of 71 to 86 points, as March slipped 84 points this week. The outside markets were mixed factors, with the US dollar index up slightly and crude oil shooting $1.07barrel higher. Commitment of Traders data showed a total of 5,840 contracts added to the spec …

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Corn Heading Lower At Midday

Corn Heading Lower At Midday

Corn futures are down 3 cents at midday, with Dec up ¼ ahead of expiration. There were another 107 deliveries issued against December corn futures overnight. The national average Cash Corn price from cmdtyView is down 3 cents at $4.12 3/4. Following the release of the weekly Export Sales report, accumulated corn …

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Corn Pressured on Friday, Hold Weekly Gains

Corn Pressured on Friday, Hold Weekly Gains

Corn futures ended the week on a lower note, as contracts were down 1 ¾ to 2 ¾ cents at the close with Dec rolling off the board. Despite the late week pressure, March was up 2 cents since last Friday. The national average Cash Corn price from cmdtyView was down 2 …

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Wheat Bulls Head South on Friday

Wheat Bulls Head South on Friday

Wheat futures closed out the Friday session with contracts down across the three exchanges. Chicago SRW futures were 6 to 6 3/4 cents lower across the board, with Dec expiring. March ended the week on the lower side of last Friday’s close, down a nickel. KC HRW contracts were down 4 ¾ …

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Dollar Edges Higher on Strength in Bond Yields

Dollar Edges Higher on Strength in Bond Yields

The dollar index (DXY00) Friday rose by +0.03% and posted a 2-1/2 week high. The dollar was supported by Friday’s news of an unexpected increase in the US Nov import price index ex-petroleum, a hawkish factor for Fed policy.  The dollar also found support from stronger interest rate differentials with Friday’s …

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Sugar Prices Finish Lower as the Supply Outlook Improves

Sugar Prices Finish Lower as the Supply Outlook Improves

March NY world sugar #11 (SBH25) Friday closed down -0.17 (-0.81%), and March London ICE white sugar #5 (SWH25) closed down -5.00 (-0.94%). Sugar prices Friday added to Thursday’s losses, with NY sugar falling to a 2-3/4 month low and London sugar dropping to a 1-month low.  Brazil has recently …

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