Overall economic activity expanded slightly, on balance, since late February.
With the calendar shift into April, farmers are gearing up for planting.
Gold prices have seen an atypical rally in the face of shrinking rate cut expectations while silver has largely been left behind, according to the latest report from Erik Norland, Executive Director and Chief Economist of CME Group
We prefer addition over subtraction. We add extra stuff to our shopping carts. We add more commitments to our calendars.
Only two days ago analysts were predicting oil over $100 a barrel, but by Wednesday midday, crude prices were nose-diving by close to 3% as demand concerns heavily outweighed the prospect of a wider regional conflict in the Middle East.
U.S. crude oil refinery inputs averaged 15.9 million barrels per day during the week ending April 12, 2024, which was 131 thousand barrels per day more than the previous week’s average.
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Stocks and bonds are clearly very sensitive to anticipated levels of inflation and what the Federal Reserve (Fed) might do about it.
May Feeder Cattle opened higher, made the session low at 234.70 and then rallied to the high at 239.50.
May soybeans finished down over 15 cents which basically nullified Friday’s rallies in today’s session.
U.S. stocks rose Wednesday, steadying after raised Middle East tensions and fears of higher-for-longer interest rates sparked a series of steep losses.
Grains see short covering early in the session with a lower dollar then turn mixed. Cattle are drifting lower with hogs mixed.
US stocks were mixed on Wednesday, struggling to mount a comeback as investors interest rate worries coincide with a fresh slate of corporate earnings.
Afternoon market recap: Plus – highlights on South American production estimates from USDA’s Spring Data Users’ Meeting.
Plus – the top highlights from USDA’s 2024 Spring Data Users’ Meeting yesterday
- Wheat
- Rice
- Corn and Oats
VON GREYERZ partner, Matthew Piepenburg, joins John Buttler (Southbank Research) and David Lin in a spirited discussion on the omni-present yet undeniably important theme of the USD and its historical implications for rising gold.
The U.S. Dollar is on a heater, folks, marking its largest gain in over a year.
U.S. stocks are holding firmer Wednesday, and the S&P 500 is rising in early trading to potentially break its three-day losing streak.
- Cotton
- FCOJ
- Coffee
- London open
- Chart of the day: UK Core CPI & Wages
The media has been interviewing the CEO and chairman of Shell Oil who are frustrated with the valuation of their stock. They wonder whether the problem is being listed in Europe rather than the US.
- Biden's Oil World
- Q1 24 CPI Preview - 0.7T/qtr headline and 0.8/qtr trimmed mean
While U.S. equity markets are in the midst of the worst two‐week sell‐off since before the rally began last October we’re starting to see evidence in our short-term timing model that this slide is very near to ending.
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Currencies get sold again on Tuesday…
Crime doesn‘t pay, once again…
- EUR/GBP Daily Outlook
- Asia open
- Chart of the day: China Property Market
- Energies
- Metals
- Treasuries
Corn Closes Tuesday with Losses.
Product Pressure Pushes Beans Lower.
Wheat Sees Strength in the Hard Red Contracts.
June gold (GCM4) on Tuesday closed up +24.80 (+1.04%), and May silver (SIK24) closed down -0.341 (-1.19%).
Crude Prices End Slightly Lower on Dollar Strength.
Dollar Gains on Hawkish Fed Commentary.
Stocks Close Mixed on Hawkish Fed Comments.
Coffee Prices Settle Higher on Global Crop Concerns.
Sugar Prices Retreat on Improved Supply Prospects and Brazilian Real Weakness.
Cotton Resumes Collapse on Tuesday.
Hogs Higher on Turnaround Tuesday.
Cattle Rally On Tuesday.
Today, focus is on the final inflation data for March in the euro area.
April 16th 2024
- Summary
- Looking Ahead
The gold market continues to hold its ground near record highs and within striking distance of $2,400 an ounce as the International Monetary Fund says it sees slower but stable growth through 2024.
- As of 4/12/2024
Wall Street faces a busy earnings session amid lingering risks tied to Israel's likely response to Iran's weekend missile attack.
U.S. stocks traded in a mixed fashion Tuesday, helped by some healthy corporate results but with risk appetite soured by the ongoing conflict in the Middle East.