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Friday Weakness for Cotton

2 years 10 months ago
March cotton futures printed a 167 point range on Friday, and closed just 10 points off the daily low. That left the board 47 to 91 points in the red for the day, and March with a net weekly loss of 151 points. Weekly Commitment of Traders data showed managed...

Hogs Rallied Triple Digits into the Weekend

2 years 10 months ago
The nearby hog futures market followed the limit gain on Thursday with another triple digits to the upside to finish out the week. On net the Feb contract closed $2.92 above last Friday, but saw another wide range of $5.75 during the week. USDA’s National Average Base Hog price was...

Beans Rallied Off Lows after NOPA Numbers

2 years 10 months ago
The soybean futures firmed off their lows and rallied back for a mixed close on the last trade day of the week. Jan was 11 ¾ cents off the low by the close for a net 1 ¾ cent gain on the day. Jan futures finished out the week with...

Corn Rallied into Weekend

2 years 10 months ago
The corn market firmed up in the afternoon on Friday and ended the last trade day of the week near the session highs on 3 ¼ to 3 ¾ cent gains. For March corn that completed the week on a net 2 ½ cent loss. The new crop soy/corn ratio...

Why Alibaba Stock Crushed the Market Today

2 years 10 months ago
A new top-down economic stimulus program from the Chinese government was stimulating interest in the country's stocks on Friday. One of the nation's big corporate champions, e-commerce giant Alibaba (NYSE: BABA), benefited handsomely from this. The shares closed the day almost 3%

Stocks Consolidate on Tempered Fed Rate-Cut Expectations

2 years 10 months ago
What you need to know… The S&P 500 Index ($SPX ) (SPY ) Friday closed down -0.01%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.15%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.52%. Stocks on Friday finished steady to slightly higher, with...

Core Plus Bond ETF SMTH Off to Strong Flows Start

2 years 10 months ago
2023 may be drawing to an end, but ETF action continues apace. In a year that looks set to break the record number of ETF launches, one new strategy that launched just this month is seeing strong flows out the gate. The core plus bond ETF, SMTH, launched on December 6th, but has already added [...] Read more at ETFTrends.com.

Rivian Stock Is Risky. Here's Why I'm Not Buying.

2 years 10 months ago
The electric vehicle (EV) market is expected to grow at an exponential rate in the coming years. Analysts estimate that by 2030, two out of every three cars sold globally will be an EV. With such drastic growth, a slew of manufacturers have entered the EV race in an attempt to st

Sugar Prices Under Pressure from Strong Brazil Sugar Output

2 years 10 months ago
March NY world sugar #11 (SBH24 ) on Friday closed down -0.19 (-0.86%), and March London ICE white sugar #5 (SWH24 ) closed down -3.80 (-0.60%). Sugar prices Friday posted moderate losses but remained above Thursday's 8-1/2 month lows. Sugar prices have been under pressure for the last five weeks...

Strong Brazil Output Weighs on Arabica Coffee

2 years 10 months ago
March arabica coffee (KCH24 ) on Friday closed down -1.30 (-0.68%), and Jan ICE robusta coffee (RMF24 ) closed up +32 (+1.13%). Coffee prices on Friday settled mixed, with robusta climbing to a 5-1/2 month high. The cash coffee market for robusta beans is tight as robusta coffee farmers in...

Stocks Extend Weekly Rally to 7 Straight

2 years 10 months ago
All three major indexes closed out a Fed-fueled week with their seventh-consecutive weekly wins, the Dow's longest streak of such nature since 2019 and the S&P 500's best streak since 2017. The Dow also added to its streak of record closes today, finishing the day

Better Cloud Stock: Snowflake vs. Oracle

2 years 10 months ago
Snowflake (NYSE: SNOW) and Oracle (NYSE: ORCL) represent two different ways to invest in the growing cloud market. Snowflake helps companies clean up and aggregate large amounts of data for third-party applications through its cloud-based data warehouses. Oracle is the world's la
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