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Improved Indian Monsoon Rains Weigh on Sugar Prices

Sugar prices are under pressure today, with London sugar falling to a 2.5-week low. An improvement in India’s monsoon rains is weighing on sugar prices. India’s Meteorological Department reported today that India’s cumu…

Stocks Supported By Favorable Inflation News

The S&P 500 Index ($SPX) (SPY) today is up +0.23%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.26%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.31%. September E-mini S&P futures (ESU26) are up +0.27%, an…

Stocks Settle Higher on Tame Inflation News

The S&P 500 Index ($SPX) (SPY) on Tuesday closed up +0.38%, the Dow Jones Industrial Average ($DOWI) (DIA) closed up +0.02%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +1.10%. September E-mini S&P futures (ESU26) …

Dollar Slips as Favorable PPI Reduces Fed Rate Hike Chances

The dollar index (DXY00) is down by -0.12% today. The dollar is under pressure today after US June producer prices rose less than expected, a dovish factor for Fed policy. Also, the benign CPI report has reduced the cha…

Brazilian Real Strength Lifts Coffee Prices

Coffee prices are sharply higher today, with arabica coffee posting a 2-week high. Strength in the Brazilian real is lifting coffee prices today. The real (^USDBRL) rallied to a 20-month high today, discouraging export …

Historic IBM stock crash sets up unique options strategy

On July 14, 1789, the people of Paris stormed the Bastille, signaling a violent end to the absolute authority of the ancien régime. Today, on that very same date, (albeit 237 years later) the stock market staged its own…

It’s a buyer’s market for bonds

Gold is no longer facing a lack of demand. It is facing supply from the very institutions that once anchored its multi-year advance. The central banks that accumulated close to 1,000 tonnes per year since 2022 are now l…

Corn Starting Wednesday with Gains

Corn prices are up 3 to 4 cents so far on Wednesday morning with spillover support from double digit gains in the wheat complex. Futures closed out the Tuesday session with contracts ¾ to 2 ¾ cents lower, as July expire…

Stocks Settle Higher on Tame Inflation News

The S&P 500 Index ($SPX) (SPY) on Tuesday closed up +0.38%, the Dow Jones Industrial Average ($DOWI) (DIA) closed up +0.02%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +1.10%. September E-mini S&P futures (ESU26) …

Cattle Look to Wednesday as Beef Weakness Continues

Live cattle futures faced continued weakness on Tuesday, with contracts down $1.60 to $3.30 at the close. Open interest was up 3,860 contracts, with August down 8,909 contracts. Cash trade has yet to get kicked off this…

Hogs Look to Wednesday after Mixed Tuesday

Lean hog futures were mixed on Tuesday, with contracts up 35 cent to 40 cents lower. Open interest was up 6,944 contracts on Tuesday. USDA’s national base hog price was reported at $98.56 on Tuesday afternoon, down 22 c…

Stocks Supported By Favorable Inflation News

The S&P 500 Index ($SPX) (SPY) today is up +0.23%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.26%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.31%. September E-mini S&P futures (ESU26) are up +0.27%, an…