Turn-around Tuesday is on time. After four days of heavy selling in the stock index markets along with commodities from the Federal Reserve’s .75% interest rate hike last week, Turn-around Tuesday is creating a recovery bounce on valuations. The US dollar has softened today and is trading down 1% from yesterday’s high. It is unlikely…
New highs again overnight for the trending US dollar. Grain futures are lower across the board this morning as the US dollar continues to bolt to new multi-decade highs. Overnight the British pound slid to record lows, pushing the US dollar for a moment to $114.44, the highest level since May 2002, before settling back…
Cattle On Feed On Feed: 100% vs 100% estimatePlaced: 100% vs 98.1% estimateMarketed: 106% vs 105.9% estimate Cattle on Feed report is neutral to slightly negative based on the placement numbers.
The US dollar bolts to need highs again overnight. Friday is magnifying the deflationary trend of the week, with the US dollar bolting to new highs over 112.11 overnight. This is created a complete risk-off mentality across all equity and commodity sectors. With exports so poor and the strength of the US dollar, soybeans and…
Export sales are reported dismal. Grain futures opened lower last night on the extreme weakness of the stock market after Federal Reserve Chairman Powell gave its communiqué at 1:30 p.m. CT and said that they would fight inflation like a war. This bolted the US dollar to new multi-decade highs of over 111.50, which had…
Putin insights further price gains overnight. Wheat prices accelerated overnight, with Chicago wheat going through $9.00, and Kansas City hitting a high of 982 before drifting. Corn values challenged last week’s high but did not best it and found itself this morning with soybeans lower at the end of the night session. Comments at 1…
