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 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 …
Read More »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 $4.12 3/4. Following the release of the weekly Export Sales report, accumulated corn …
Read More »Corn Pressured on Friday, Hold Weekly Gains
Corn futures ended the week on a lower note, as contracts were down 1 ¾ to 2 ¾ cents at the close with Dec rolling off the board. Despite the late week pressure, March was up 2 cents since last Friday. The national average Cash Corn price from cmdtyView was down 2 …
Read More »Wheat Bulls Head South on Friday
Wheat futures closed out the Friday session with contracts down across the three exchanges. Chicago SRW futures were 6 to 6 3/4 cents lower across the board, with Dec expiring. March ended the week on the lower side of last Friday’s close, down a nickel. KC HRW contracts were down 4 ¾ …
Read More »Stocks Close Mixed as Nasdaq Posts a Record High on Chip Tech Stock Strength
The S&P 500 Index ($SPX) (SPY) Friday closed unchanged, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.20%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.76%. Dec E-mini S&P futures (ESZ24) fell -0.20%, and Dec E-mini Nasdaq futures (NQZ24) rose +0.52% Stock indexes on Friday settled mixed, with the Nasdaq 100 posting …
Read More »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 …
Read More »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 …
Read More »Tech Stocks See Support From Broadcom AI News but T-note Yields Rise
The S&P 500 Index ($SPX) (SPY) today is down -0.19%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.03%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.17%. Stock indexes today are mixed, with the Nasdaq 100 posting a new all-time high and the Dow Jones Industrials posting a 3-week low. The broader …
Read More »Cocoa Prices Surge on Mounting Fears Over West Africa’s Cocoa Crop
March ICE NY cocoa (CCH25) today is up +455 (+4.20%), and March ICE London cocoa #7 (CAH25) is up +304 (+3.53%). Cocoa prices extended their 6-week rally today, with March NY cocoa and Mar London cocoa posting fresh contract highs. Cocoa prices are surging as the West African cocoa mid-crop …
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