March NY world sugar #11 (SBH26) on Friday closed down -0.43 (-2.93%), and March London ICE white sugar #5 (SWH26) closed down -7.10 (-1.72%). This week’s plunge in sugar prices continued on Friday, with NY sugar dropping to a 2.5-month low and London sugar sinking to a 5-year low. The outlook for global sugar … Read more
Soybeans posted weakness to close out Friday, with contracts 8 to 10 cents in the red. That pushed March lower on the week by 3 ½ cents. The cmdtyView national average Cash Bean price was 7 1/2 cents lower at $9.98 1/2. Soymeal futures were $2.40 to $3.00 lower, with March down $6.30 this week. Soy Oil futures … Read more
March WTI crude oil (CLH26) today is up +0.45 (+0.69%), and March RBOB gasoline (RBH26) is up +0.0193 (+1.00%). Crude oil and gasoline prices are moving higher today, but remain below Thursday’s highs. Geopolitical risks in the Middle East are underpinning crude prices after President Trump warned Iran to make a nuclear deal or face … Read more
Live cattle futures closed steady to 30 cents higher across the nearbys on Friday, with February down $3.825 last week. Cash trade was reported at $208 in the North, down $2-4 from last week. Southern sales are coming in at $206, down $2 from the week prior. Feeder cattle futures showed 10 to 40 cent losses on Friday, … Read more
The dollar index (DXY00) on Friday rose by +0.79%. The dollar rallied on Friday after President Trump nominated Keven Warsh as the next Fed Chair. Mr. Warsh is seen as more hawkish than other Fed Chair candidates and often emphasized inflation risks during his tenure as a Fed Governor from 2006-2011. The dollar added to its … Read more
The S&P 500 Index ($SPX) (SPY) on Friday closed down -0.43%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.36%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -1.28%. March E-mini S&P futures (ESH26) fell -0.43%, and March E-mini Nasdaq futures (NQH26) fell -1.35%. Stock indexes moved lower on Friday, with the Dow Jones Industrials falling to … Read more
Key Points Yong Rong bought 1,588,000 shares of XPeng in the fourth quarter; the estimated trade value $32.20 million based on quarterly average pricing. This was a new position for the fund, which did not report holding XPEV shares in the previous period. XPeng represents 9.76% of fund AUM, which places it outside the fund’s … Read more
March WTI crude oil (CLH26) on Friday closed down -0.21 (-0.32%), and March RBOB gasoline (RBH26) closed up +0.0069 (+0.36%). Crude oil prices gave up an early advance and turned lower after President Trump ratcheted down the war rhetoric over Iran and said he had overnight discussions with Iran and indicated he expected them to … Read more
Soybeans are down 6 to 7 cents so far on Friday morning. Futures reverted from the early gains on Thursday with contracts closing 1 to 3 cents lower. Open interest was up 7,608 contracts on Thursday, with some exiting March (-5,634) and others seeing rising OI. The cmdtyView national average Cash Bean price is 2 3/4 … Read more
Wheat futures are facing midday weakness on Wednesday. Chicago SRW futures are down fractionally in the nearbys. There were 209 deliveries against May CBT wheat overnight, with 196 coming from a Marex customer. Kansas City HRW futures are down 7 to 8 cents are midday. Minneapolis spring wheat futures are down 4 to 5 cents. … Read more