- Soybeans, Corn, Wheat
- Strong Finish for US Stocks After Volatile Week; Market Accepts Diminished Prospects for Fed Cuts
- Yen's Accelerated Decline Exposes Inadequate Resolve for Currency Intervention
- Aussie Surges Amid RBA Rate Cut Delays and Renewed China Optimism
- EUR/JPY Weekly Outlook
- Gut Check For Tech
April 26th, 2024
The best week for U.S. stocks since November closed out with more gains thanks to Alphabet and Microsoft on Friday.
- Summary
- Looking Ahead
Corn and soybean prices fade slightly into the red on Friday
The stock and bond markets are selling off again this morning following some lackluster quarterly reports in the technology sector (IBM, META) and some troubling economic data.
The Canadian dollar was slightly firmer Friday morning, with gains in crude oil providing some support.
The total number of active drilling rigs for oil and gas in the United States fell this week, according to new data that Baker Hughes published on Friday.
NVIDIA Corp (NASDAQ:NVDA) stock has more than quintupled in value since the beginning of 2023.
- Sugar - Coffee - Cocoa - Cotto
- Natural Gas
- Crude Oil
- Currency Futures
- Stock Index Futures
- Interest Rate Market Futures
- Top Headlines
- Futures & Weather
- Today
- Copper
- Gold & Silver
- Morning Ag Outlook
U.S. stocks rose sharply Friday after fresh inflation data failed to raise further fears of delayed rate cuts, helped by stronger-than-expected earnings from tech giants Microsoft and Alphabet.
June Lean Hogs opened lower at 106.80 which turned out to be the high of the day.
Economic Reports & Reality = Total Disconnect
- Soybeans were mixed.
- Corn ended the day higher.
- The wheat complex was higher again on technical buying.
The latest reading of the Fed's preferred inflation showed prices increased more than Wall Street expected in March.
Alphabet and Microsoft are leading the U.S. stock market on Friday toward the finish of its first winning week in the last four.
Corn, soybeans weigh weekend showers in the U.S. against Brazilian production prospects
- Stag Party
- Rate cut expectations push back further
- Investment markets and key developments
- London open
- Chart of the day: USD/CNY Spot & Forwards
The major averages clawed most of the way back from a sharp sell‐off at the open yesterday but still ended up in negative territory.
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- Energies
- Metals
- Treasuires
- USD/JPY Daily Outlook
- The Week Ahead
- Research This Week
- Key Events To Watch
- Calendar
Corn Ends Higher, Helped by 10-week High in Export Sales.
Soybeans Come Back to Close Mixed.
Wheat Continues Rally as Dryness Expands in Southern Plains.
June gold (GCM4) Thursday closed up +4.1 (+0.18%), and May silver (SIK24) closed up +0.007 (+0.03%).
Crude Prices Recover Early Losses as the Dollar Weakens.
Dollar Gives Up Early Gains on Stagflation Concerns.
Stocks Retreat as Persistent Inflation Dents Fed Rate-Cut Hopes.
Coffee Closes Higher on Dry Conditions in Brazil and Vietnam. July arabica coffee (KCN24) on Thursday closed up +2.20 (+0.97%), and July Intercontinental Exchange (ICE) robusta coffee (RMN24) closed up +38 (+0.89%).
Sugar Prices Settle Lower as Companhia Nacional de Abastecimento (Conab) Projects Record Brazil 2024/2025 Sugar Production.
Cotton Mixed Following Positive Export Sales Data.
Hogs Pull Back on Thursday with Negotiated Weakness.
Cattle Bounce Back from Wednesday’s Overreaction.
In the US, today's main data focus will be on the March PCE.
May Corn closed 3 ¼ cents higher ($4.41), July 3 ½ cents higher ($4.52) & Dec 3 ½ cents lower ($4.76 ¼)
Personal income increased $122.0 billion (0.5 percent at a monthly rate) in March, according to estimates released today by the Bureau of Economic Analysis.
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